Growing partnerships among e-Commerce Companies to Boost the Payment Gateway Systems, Unveils Fact.MR

250 Pages Payment Gateway Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider

ICT companies are extensively adopting technologies such as cloud computing and artificial intelligence to ensure seamless operations as teams continue working from home. Focus on fast automation, use of real-time operation within various end-use sectors such as automotive, food & beverage and others will provide stimulus to the growth.

The report offers actionable and valuable market insights of Payment Gateway. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Payment Gateway Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Payment Gateway market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Payment Gateway

This newly published and insightful report sheds light on Market Insights of Payment Gateway, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Payment Gateway Market.

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Competitive Landscape

Vendors of the global market for payment gateway are taking various initiatives to expand their global reach. Some of the most adopted methods to strengthen their positions in the market are acquisitions, partnerships, and collaborations. Some of the recent developments among key players are:

In February 2022, Network International partnered with Amazon Payment Services to provide online payment solutions to merchants in the UAE. Network International is a known entity in the Middle East and Africa region that offers digital commerce.

In February 2022, Adyen, the globally renowned player, announced a partnership with Ding to optimize its payment systems and enhance its international growth. Ding is one of the largest mobile top-up platforms.
The growing application of mobile banking channels and the increasing demand for instant-mobile-based payments are likely to offer significant market opportunities. As per the observations at Fact. MR, the global market for payment gateway is likely to have secured a market value of US$ 22 Bn in 2021.

The growing popularity of mobile wallets and smartphones across developing nations has generated massive revenue, and the market is likely to show notable growth in the forecast period. Further, the outbreak of COVID-19 has increased the application of digital payments and e-commerce. For instance, Amazon saw 40% of Y-o-Y growth in the second quarter of 2020. Fact. MR reveals that the market is likely to hold a value of US$ 189 Bn by 2032.

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Key Market Segments Covered in the Global Payment Gateway Market

By Enterprise Size :

Small & Medium Enterprises
Large Enterprises

By Based on End-Use :

Media & Entertainment
Travel & Hospitality
Retail & E-commerce
BFSI
Others

By Type :

Non-hosted
Hosted

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Key Question answered in the survey of Payment Gateway market report:

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Fact.MR, in its new report, offers an unbiased Market Analysis of Payment Gateway, Sales and Demand of Payment Gateway, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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