Press release
Major Advancements : Payment Gateways Market Globally Grow at a CAGR of 13.79% by Revenue During the Period 2017-2020
Payment gateways enable credit card payments for e-businesses, online retailers, bricks and clicks, and traditional brick-and-mortar businesses. They help in the exchange of information between a payment portal website, mobile phone, or Interactive voice response service and the bank, which processes credit card transactions. They work securely to transfer sensitive credit card information from an online payment form to the payment processor. Payment gateways can be integrated with any payment device (usually an e-commerce shopping cart such as Shopify or Magento). Payment gateways enable transactions in offline, real-time, and hybrid modes and accept different payment methods such as e-commerce transactions, contactless card transactions, and mobile-based NFC transactions.
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Technavios analysts forecast the global payment gateways market to grow at a CAGR of 13.79% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global payment gateways market for 2016-2020. The report considers the total revenue generated from software licenses and subscriptions as well as software integration and maintenance costs to calculate the market size.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA
Technavio's report, Global Payment Gateways Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
Amazon Payments
CCBill
PayPal
Stripe
Other prominent vendors
AsiaPay/PayDollar
MercadoPago
eWAY AU
NAB Transact
e-Path
Merchant Warrior
SecurePay
Moip
PagSeguro
ePay.bg
Beanstream
Moneris
Stripe
Alipay
Tenpay
99bill
Pagosonline
PayWay
ePay.dk
DIBS
PayPoint
Ogone
Worldline by Atos
SOFORT
NETBANX
Barclaycard ePDQ
Wirecard
Ogone
Worldpay
PayU
CCAvenue
Realex
GestPay
Remise
Epsilon
Paygent
iPay88
MOLPay
CashU
eWay NZ
iDEAL
Klarna
PesoPay
Przelewy24
PayU.pl
PayU.ro
WebMoney
ROBOKASSA
QIWI
Yandex
PayFast
MyGate
VCS
WebCash
ServiRed
Certitrade
Payson
Sage Pay
Cardstream
GoCardless
SecureTrading
eWay.co.uk
BitCoin
SmsCoin
Market driver
Shift toward digital commerce
For a full, detailed list, view our report
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Market challenge
Threat from open-source payment gateways
For a full, detailed list, view our report
Market trend
Emergence of mobile wallets
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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