Payment Gateway Market Booming Worldwide with Latest Trend and Future Scope by 2029

Payment Gateway Market is anticipated to grow at a considerable CAGR of 15.7% during the forecast period. Several companies, especially MSMEs across the globe are rapidly adopting payment gateways for their regular transactions as these gateways provide secure internet transactions and prevent credit or debit card and other fraudulent activities. Reliable payment gateways encrypt sensitive information, including bank account details and debit or credit numbers to ensure that the customer's information is transferred securely from the issuing bank to the end recipient. Moreover, they eliminate the need for consumers to deal with the hassles of shopping from physical stores and waiting in long queues. Consumers can efficiently complete the entire transaction online, enjoying a seamless shopping experience. Such factors are expected to drive the payment gateway market during the forecast period.

The market players are contributing significantly to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, PayU had acquired a controlling stake in the digital credit platform, PaySense in January 2020. With this acquisition, PayU's consumer-lending businesses, LazyPay and PaySense, will merge their business operations to build a full-stack digital lending platform in India.

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Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Mode of Interaction
By End User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- including Amazon Payments Inc., Paytm Mobile Solutions Pvt. Ltd., PayPal Holdings Inc., PayU Group, Stripe Inc., Ingenico Group, Skrill Ltd., and others.

Payment Gateway Market Report Segment

By Mode of Interaction

Hosted
Non-hosted
Local Bank Integrates
Direct
Platform-based

By End User

Pharmaceutical
Food & Beverage
Agrochemical
Cosmetics & Personal Care
Chemical
Others

A full Report of Payment Gateway Market is Available @ https://www.omrglobal.com/industry-reports/payment-gateway-market

 Payment Gateway Market Report Segment by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Company Profiles 

Adyen NV
com Co. Ltd.
Net
Bitpay, Inc.
Braintree
Ingenico Group
One MobiKwik Systems Ltd.
Payoneer Inc.
PayU Group
Payza
Skrill Ltd.
Stripe Inc.
Verifone Holdings Inc.
Wepay, Inc.

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