Payment Gateway Market Size and Overview 2021, Industry Share, Key Developments, Growth Strategies, Geographic Comparison and status, Challenges and Drivers till 2025-PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe

Payment Gateway Market by Component, Application, Services, and Region- Forecast to 2025

The Global Payment Gateway Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Payment Gateway business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Payment Gateway worth chain and its wholesaler examination. Payment Gateway Market study gives extensive information which upgrades the agreement, degree, and use of this report.

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-Top Leading Companies of Payment Gateway Market are PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe, Inc., Skrill Limited, PayU Group, Adyen N.V., Payza, Ingenico Group, Alipay.com Co Ltd, Payoneer Inc., Paytm Mobile Solutions Pvt. Ltd, VeriFone Holdings, Inc. and others.

-Market Segmentation- Payment Gateway-

The Payment Gateway market was valued at USD 17.2 billion in 2019 and is expected to reach USD 42.9 billion by 2025, at a CAGR of 16.43% over the forecast period (2020 - 2025).

-Industry News And Updates on Payment Gateway Market-

Asia-Pacific to Witness the Fastest Growth

- Asia-Pacific is exceptionally overshadowing other regions in terms of adoption of the online transaction. This is because increase in the number of smartphone users. As per GSMA, mpbile internet penetration in Asia is set to attain a rate of 62 % in 2025 as compared to 45% in 2018.

- Chinese giants, such as Alibaba and Tencent, have pioneered digital merchant payments and are instrumental in the shift away from cash in the Chinese economy. The companies mobile payments products, Alipay and WeChat Pay, have rapidly reshaped Chinas payments landscape. They are also among the largest in the world._

- The population of Japan is known for being early technology adopters. The Japanese are eager participants in modern e-commerce, as well as inventors of two key cashless payments technologies, near field communication (NFC) and QR codes.

-Key Market Trends Payment Gateway Market-

Retail Segment to Grow Significantly

- The market studied is changing in line with consumer behavior. Cashless economy, mobile banking, instant payments, digital commerce, and the growing impact of regulatory agencies are a few trends affecting the retail sector.

- Online payments make the payment process easier and are more convenient for consumers, who benefit from shorter lines, cash-on-hand issue elimination, and faster moving queues.

- The raging demand for online retailing across the world is expected to drive the online payment, thereby, propelling the payment gateway market over the forecast period. Furthermore, the retail companies are rigorously adding payment gateway(s) to their standalone website to fuel the consumers order and build goodwill.

- For instance, India-based PayU is considered one of the easiest eCommerce payment solutions designed to fill in the gaps left by complex service providers. PayU is favored because of its best conversion rates . Notable companies such as Netflix,Airbnb, and Bookmyshow use the PayU payment gateway.

-Competitive Landscape On Payment Gateway Market-

January 2020 - PayU announced to acquire a controlling stake in digital credit platform PaySense. As part of the transaction, PayUs consumer lending businesses, LazyPay and PaySense, will merge their business operations to build a full-stack digital lending platform in India.

- November 2019 - PayPal announced to acquire Honey Science Corporation, the makers of a deal-finding browser add-on and mobile application, for USD 4 billion. Instead of only competing on the checkout page against credit cards or Apple Pay, for instance, PayPal will now become a part of the deal discovery process, as well.

- April 2019 - Stripe announced the acquisition of Touchtech Payments. It is a startup out of Ireland that works with banks to help them build and manage the verification process, which requires the customer to provide two different forms of authentication from cardholders to process transactions. This acquisition will help the company to prepare for new regulations in Europe and to improve security in online transactions.-Browse Full Report at:

https://www.marketinsightsreports.com/reports/10192357933/payment-gateway-market-growth-trends-forecasts-2020-2025?Source=OpenPR&Mode=AK

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-The report takes a 360-degree approach to ensure that the niche and emerging aspects are also factored Payment Gateway in to ultimately get accurate results.
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