Digital Payment Gateways Market on Track for Strong Growth, Estimated to Grow at 20.7% CAGR Through 2029

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What Is the Expected CAGR for the Digital Payment Gateways Market Through 2025?
The market size for digital payment gateways has seen significant expansion over the recent years. The growth is projected from $28.9 billion in 2024 to $34.83 billion in 2025, marking a compound annual growth rate (CAGR) of 20.5%. The historic period's growth can be credited to various factors such as increased usage of smartphones, government-incorporated digital programs, emergence of fintech startups, enhanced internet infrastructure, and the demand from merchants for support of multiple currencies.

What's the Projected Size of the Global Digital Payment Gateways Market by 2029?
The market size for digital payment gateways is set for a remarkable surge in the coming years, expected to reach $73.93 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 20.7%. Factors contributing to the projected growth in the forecast period include the trending shift of customers towards cashless and paperless transactions, the rising 'buy now pay later' trend (BNPL), increment in the digitalization of B2B transactions, and the expansion of the subscription economy. Dominant trends driving this growth further during this period include the application of AI in detecting fraudulent activities, the use of blockchain technology in payment solutions, the implementation of biometric authentication, voice-activated payments, and advancements in contactless and NFC technology.

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Top Growth Drivers in the Digital Payment Gateways Industry: What's Accelerating the Market?
Growing interest in contactless payments is anticipated to fuel the expansion of the digital payment gateways arena. The escalating favor for contactless payments, characterized by a safe approach where customers can buy goods or services simply by tapping or waving a payment tool, is attributed to sanitary transactions and the ability to limit physical interaction among the purchaser, the cashier, and the payment terminal. Digital payment gateways fast-track these contactless payments by safely handling real-time operations between the client and trader. This drives consistent, speedy, and ciphered payment experiences via cards, mobile wallets, and alternate contactless means. As per a report issued by the European Central Bank in July 2024, a Germany-based integral partition of the Eurosystem, the quantity of contactless card transactions in the first half of 2023 witnessed a yearly growth of 24.3%, building up to 20.9 billion. Simultaneously, the total transaction worth expanded by 25.9%, leading to $540 billion (€0.5 trillion). Hence, the surge in contactless payments is steering the progression of the digital payment gateways arena.

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Which Emerging Trends Are Transforming the Digital Payment Gateways Market in 2025?
There is a significant emphasis among leading companies in the digital payment gateway industry on advancing and innovating technologically, with a specific focus on integrating more streamlined payment methods. This aim is to increase transaction speed and security while also improving the overall user experience. A seamless payment integration is one that effortlessly blends with a website, mobile application or any other digital platform. To exemplify, in August 2024, PhonePe, an Indian software firm, introduced PhonePe PG Bolt. This is an upgraded in-app payment function meant to provide a superfast and uninterrupted checkout experience for both sellers and buyers. An impressive 99% transaction success rate is claimed by this solution, helping to solve frequent problems associated with online transactions such as payment failures, funnel drop-offs, and cart abandonments. Moreover, the solution provides a one-click, PIN-less process for selected payment methods, which further simplifies and speeds up the checkout procedure.

What Are the Main Segments in the Digital Payment Gateways Market?
The digital payment gatewaysmarket 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, Healthcare, 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

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Which Top Companies are Driving Growth in the Digital Payment Gateways Market?
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

Which Regions Will Dominate the Digital Payment Gateways Market Through 2029?
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.

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