Payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It transmits Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). In other words, the transaction flows through the payment gateway, to the payments ecosystem, and should it be approved, will eventually make its way into the merchant account.
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A payment gateway is a system connecting the merchant and the bank to facilitate online transactions. The term particularly refers to the server that transfers the customer’s credit card information to the Internet Merchant Account for assessment. China is the largest countries of Payment Gateways in the world in the past few years and it will keep increasing in the next few years. China market took up about 26.93% the global market in 2016, while USA and Europe were about 18.86%, 23.50%.
USA, Germany, UK, France, Canada, etc. are now the key developers of Payment Gateways. There are a few vendors to develop Payment Gateways in China, such as Alipay and Tenpay.
In 2018, the global Payment Gateways market size was 2490200 million US$ and it is expected to reach 9060000 million US$ by the end of 2025, with a CAGR of 17.5% during 2019-2025.
This report focuses on the global Payment Gateways status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Payment Gateways development in United States, Europe and China.
The key players covered in this study
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Market segment by Type, the product can be split into
Market segment by Application, split into
Medicine & Cosmetics
Market segment by Regions/Countries, this report covers
Central & South America
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The study objectives of this report are:
To analyze global Payment Gateways status, future forecast, growth opportunity, key market and key players.
To present the Payment Gateways development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Payment Gateways are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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