BANGALORE, India, March 23, 2022 /PRNewswire/ — The Global Online Payment Gateway Market is Segmented by Type (Pro/Self-Hosted Payment Gateways, Local Bank Integrates, Platform Based Payment Gateway Solution), by Application (Micro and Small Enterprise, Large Enterprise, Mid- Sized Enterprise): Opportunity Analysis and Industry Forecast, 2021–2027. It is published in Valuates Reports under the Banking Category.

The global Online Payment Gateway market size is projected to reach USD 6403.3 Million by 2027, from USD 2436.7 Million in 2020, at a CAGR of 14.8% during 2021-2027.

Major factors driving the growth of the online payment gateway market are:

The online payment gateway market is expected to grow with evolving payment methods, rising e-commerce use, improved broadband connectivity, government initiatives that support digitizing payment, increased mobile usage, and the emergence of new technologies.

To provide you and your customers with the highest level of security, payment gateways include features such as online fraud detection, PCI-DSS compliance, and data encryption. This, in turn, is expected to propel the payment gateway market forward.

Get Your Sample Today: https://reports.valuates.com/request/sample/QYRE-Auto-39O85/Global_Online_Payment_Gateway_Market 

TRENDS INFLUENCING THE GLOBAL ONLINE PAYMENT GATEWAY MARKET

The growth of the Online Payment Gateway market is expected to be fueled by rising eCommerce sales and increased internet penetration. The use of ePayments is aided by the constant acceleration of eCommerce, which provides significant benefits. ePayments make it easier to avoid the time-consuming and costly process of physically collecting cash for online purchases or sales. Furthermore, advancements in ePayments can make the process of making payments and other financial services more convenient, potentially expanding eCommerce opportunities. Furthermore, the COVID-19 outbreak is fueling global e-commerce growth, with millions of people in quarantine all over the world shopping for goods, services, and entertainment online.

Businesses are embracing B2B payment solutions as a way to streamline processes and increase efficiencies through automated payment systems. One of the most important payments gateway trends is the move toward digitization, which allows businesses to send and receive payments quickly and eliminates manual billing processes. Businesses can cut costs and improve cash flow by using technology to speed up the sending and receiving of payments. This in turn is expected to drive the growth of the Online Payment Gateway market.

New government initiatives to support the digitization of payment transactions are expected to boost Online Payment Gateway market growth even more.

The online payment gateway market is expected to benefit from technological advancements, which are expected to provide lucrative growth opportunities. Emerging technologies, such as the internet of things (IoT) and artificial intelligence, can automate the entire transaction process and perform a specific set of tasks. Artificial intelligence, for example, can be used at payment gateways to gain better insights into feedback and analytics. As a result, the company can obtain waiting time and human insights, as well as general user insights to aid in the understanding of payment patterns and the introduction of new features. In addition, with the growing popularity of online and mobile payments around the world, a slew of new businesses are attempting to break into the market.

Furthermore, mobile payments are used for a variety of operations, such as ordering takeout food, purchasing movie tickets, and upgrading smartphone games, which is expected to drive the online payment gateway market’s growth over the forecast period. In addition, the use of debit or credit cards to make these payments is increasing in both developed and developing countries. This factor is expected to bolster the market’s growth even more. This is due to the fact that card information can be saved on mobile phones and payments can be processed quickly.

Browse The Table Of Contents And List Of Figures At: https://reports.valuates.com/market-reports/QYRE-Auto-39O85/global-online-payment-gateway 

ONLINE PAYMENT GATEWAY MARKET SHARE

Based on application, Micro and Small enterprises are expected 

to be the most lucrative segment. The global online payment market is benefiting significantly from the continued expansion of small businesses in emerging economies seeking to provide online services to their customers.

Based on type, hosted payment gateway is expected to be the most lucrative segment. Hosted payment gateways are preferred by retailers, educational institutions, and online shopping stores because they use encryption during the transaction process, allowing for secure amount transfers from senders to receivers’ accounts.

Based on region, China is the largest market for online payment gateways, with about 30% of the market, followed by Europe and the United States, each with about 20%.

Download Regional Data: https://reports.valuates.com/request/regional/QYRE-Auto-39O85/Global_Online_Payment_Gateway_Market 

TOP COMPANIES IN THE ONLINE PAYMENT GATEWAY MARKET:

Alipay, PayPal, and Worldpay are the leading companies in the online payment gateway market, together accounting for about 50% of the market share.

Other Key Players:

• Stripe
• Amazon Payments
• net
• WorldPay
• Adyen
• CCBill
• 2Checkout
• FirstData
• SecurePay
• PayU
• MOLPay
• Paymill
• GMO
• Tenpay
• Ping++
• Boleto Bancário
• CashU
• OneCard
• Wirecard
• WebMoney
• Realex
• BlueSnap

Inquire for Chapter Cost: https://reports.valuates.com/request/chaptercost/QYRE-Auto-39O85/Global_Online_Payment_Gateway 

Buy Now for Single User + Covid-19 Impact:  https://reports.valuates.com/api/directpaytoken?rcode=QYRE-Auto-39O85&lic=single-user 

SUBSCRIPTION

We have introduced a tailor-made subscription for our customers. Please leave a note in the Comment Section to know about our subscription plans.

SIMILAR REPORTS:

–  The global Real-Time Payments market size is projected to reach USD 44.36 Billion by 2027, from USD 9.86 Billion in 2020, at a CAGR of 23.31% during 2021-2027.

–  The global payment security market size was valued at USD 17.64 Billion in 2020 and is projected to reach USD 60.56 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 13.2% from 2021 to 2030.

–  The global E-Commerce Payment market size is projected to reach USD 9846540 Million by 2027, from USD 4600740 Million in 2020, at a CAGR of 11.5% during 2021-2027.

–  The global Contactless Payments market size is projected to reach USD 23410 million by 2027, from USD 10260 Million in 2020, at a CAGR of 12.0% during 2021-2027.

–  The Canada financial guarantee market was valued at USD 1.32 Billion in 2020, and is projected to reach USD 2.19 Billion by 2028, growing at a CAGR of 7.3% from 2021 to 2028.

–  Global payment market revenues totaled USD 1.98 Trillion in 2021, a CAGR of about 6.25% in the period of 2022-2030.

–  The global Payment Processing Solutions market size is projected to reach USD 52060 Million by 2027, from USD 33810 Million in 2020, at a Compound Annual Growth Rate (CAGR) of 5.9% during 2021-2027.

–  The global Digital Banking market size is projected to reach USD 30750 Million by 2027, from USD 9098.7 Million in 2020, at a CAGR of 19.0% during 2021-2027.

–  Global Payment Gateway Software Market Insights and Forecast to 2028

–  Global Payment Gateways Market Size, Status and Forecast 2022

–  Global Digital Payment Solutions Market Size, Status and Forecast 2021-2027

–  Global Electronic Payment Market Size, Status and Forecast 2021-2027

–  Global Payment Services Provider Market Insights and Forecast to 2028

–  Global Nonprofit Payment Gateway Software Market Size, Status and Forecast 2021-2027

–  Global Payment Analytics Software Market Insights, Forecast to 2028

Click here to see related reports on Online Payment Gateway Market

ABOUT US:

Valuates offers in-depth market insights into various industries. Our extensive report repository is constantly updated to meet your changing industry analysis needs.

Our team of market analysts can help you select the best report covering your industry. We understand your niche region-specific requirements and that’s why we offer customization of reports. With our customization in place, you can request for any particular information from a report that meets your market analysis needs.

To achieve a consistent view of the market, data is gathered from various primary and secondary sources, at each step, data triangulation methodologies are applied to reduce deviance and find a consistent view of the market. Each sample we share contains a detailed research methodology employed to generate the report. Please also reach our sales team to get the complete list of our data sources.

CONTACT US:

Valuates Reports
sales@valuates.com 
For U.S. Toll-Free Call 1-(315)-215-3225
For IST Call +91-8040957137
WhatsApp: +91-9945648335
Website: https://reports.valuates.com 
Twitter – https://twitter.com/valuatesreports
LinkedIn – https://in.linkedin.com/company/valuatesreports

View original content:https://www.prnewswire.com/news-releases/online-payment-gateway-market-size-to-reach-usd-usd-6403-3-million-by-2027-at-a-cagr-of-14-8–valuates-reports-301509009.html

SOURCE Valuates Reports