Emerging Trends Influencing The Growth Of The Digital Payment Gateways Market: Seamless Payment Integration Enhances User Experience

Our market reports now include the latest updates on global tariffs, trade impacts, and evolving supply chain dynamics.

How Big Is the Digital Payment Gateways Market Size Expected to Be by 2034?
In recent years, the market size for digital payment gateways has seen a swift expansion. From the projected worth of $28.90 billion in 2024, the market is expected to escalate to $34.98 billion in 2025, growing at a compound annual growth rate (CAGR) of 21.1%. The significant growth during the historical period can be credited to the rapid uptake of smartphones, government-led initiatives and digital strategies, the emergence of fintech startups, enhanced internet infrastructure, and the business demand for support of multiple currencies.

In the coming years, the digital payment gateways market is poised for rapid expansion, predicted to reach a market size of $74.43 billion in 2029, projecting a compound annual growth rate (CAGR) of 20.8%. This growth throughout the forecast period can be ascribed to factors such as the consumer migration from cash to cashless transactions, emphasis on sustainable and paperless transactions, increased acceptance of buy now pay later (BNPL) options, a surge in B2B digitalization, and the rise of the subscription-based economy. Significant trends anticipated throughout this period entail AI-enabled fraud detection, blockchain-powered payment solutions, the incorporation of biometric authentication, voice-activated payments, and advancements in contactless and NFC technology.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/customise?id=23670&type=smp

What Are the Emerging Segments Within the Digital Payment Gateways Market?
The digital payment gateways market covered in this report is segmented -

1) By Type: Hosted, Self-hosted, Application Programming Interface Or Non-hosted, Local Bank Integrates, Direct Payment Gateway
2) By Enterprise Size: Small And Medium Enterprises, Large Enterprises
3) By End-User: Retail, Travel And Hospitality, HealTH*Care, Education

Subsegments:

1) By Hosted: Third-party Checkout Pages, Redirect-based Payment Gateways, Subscription Billing Support, Mobile-optimized Checkout, One-click Payments
2) By Self-hosted: Merchant-managed Checkout, Integrated Payment Modules, Customizable Payment Workflows, Secure Tokenization Systems, PCI DSS Compliant Infrastructure
3) By API Or Non-hosted: Developer-focused Integration Tools, RESTful APIs, SDKs for Multiple Platforms (iOS, Android, Web), Custom Checkout UI, Real-time Payment Updates
4) By Local Bank Integrates: Country-specific Bank Payment Gateways, Direct Bank Transfers, Net Banking Options, Regional Wallet Support, Local Currency Processing
5) By Direct Payment Gateway: Card-on-file Transactions, Instant Payment Notification (IPN), Fraud Prevention Modules, Recurring Billing Support, Payment Analytics Dashboards

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=23670&type=smp

What Long-Term Drivers Are Shaping Digital Payment Gateways Market Trends?
The digital payment gateways market is projected to expand due to the growing need for contactless payments. This payment method, which involves merely tapping or waving a payment device, is considered more secure and hygienic as it lessens physical contact between the customer, cashier, and payment terminal. The increased need for contactless payments stems from these benefits. Digital payment gateways support this payment method by securely managing real-time transactions between customers and merchants, which ensures quick, encrypted payment experiences via cards, mobile wallets, among other contactless methods. For instance, the European Central Bank, a Germany-based central component of the Eurosystem, reported in July 2024 that during the first half of 2023, the volume of contactless card payments surged 24.3% year-on-year to 20.9 billion, while the total transaction value increased 25.9%, reaching $540 billion (€0.5 trillion). Hence, the surge in contactless payments is driving the digital payment gateways market's growth.

Who Are the Top Competitors in Key Digital Payment Gateways Market Segments?
Major companies operating in the digital payment gateways market are Visa Inc., PayPal Holdings Inc., Mastercard Incorporated, Stripe Inc., Adyen N.V, Square Inc., PayU Payments, Cashfree Payments India Private Limited, Razorpay Software Private Limited, PhonePe Private Limited, Authorize.Net LLC , Helcim Inc., Amazon Pay, BlueSnap Inc., Instamojo Technologies Private Limited, CCAvenue, Easebuzz Private Limited, Payza, PayKun Payment Solutions Private Limited, Zaakpay

What Digital Payment Gateways Market Trends Are Gaining Traction Across Different Segments?
The focus of leading companies in the digital payment gateways market is on technological advancements such as seamless payment integration to improve transaction speed, security, and user experience. Seamless payment integration involves the efficient and unnoticeable merging of payment processing systems into a digital platform such as a website or mobile app. PhonePe, a software company based in India, exemplified this in August 2024 when it introduced PhonePe PG Bolt, an advanced in-app payment solution. This solution was developed to provide a smooth, swift checkout for shoppers and businesses alike with an impressive 99% transaction success rate. It tackles typical problems in online transactions such as payment failures, funnel drop-offs, and cart abandonment. The solution also offers a one-click, PIN-less process for certain payment methods, offering more simplicity and increased speed to the checkout process.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/digital-payment-gateways-global-market-report

Which Regions Are Becoming Hubs for Digital Payment Gateways Market Innovation?
North America was the largest region in the digital payment gateways market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital payment gateways market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Digital Payment Gateways Market?
2. What is the CAGR expected in the Digital Payment Gateways Market?
3. What Are the Key Innovations Transforming the Digital Payment Gateways Industry?
4. Which Region Is Leading the Digital Payment Gateways Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.