Global Payment Gateway Industry Analysis and Forecast – Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The current phase of the industry is highly fragmented and consolidation is expected to drive the market. The acquisition of payment gateways Industry by payment processing companies have been on the rise. FIS’s acquisition of Worldpay, Fiserv’s acquisition of First Data, Paypal’s acquisition of Swedish fintech company iZettle are some examples where payment processing companies are acquiring newer capabilities to reach more customers and increase the volume of transactions. China has emerged as a front runner in non-cash payments with Alipay rising to the top in terms of transactions in the Chinese market. Mobile payments in China have reached more than USD Trillion until 2018. Alipay has also entered markets outside of China with collaborations with retail outlets. These partnerships are based on a shared QR code operability where mobile wallets companies in Europe will accept Alipay. This partnership was in response to the increasing number of Chinese people willing to make cashless payments when they travel outside China. Companies like Adyen have transformed the Payment processing value chain by transforming the payment gateway business to a payment aggregator business. By doing so, companies retain the gateway, risk mitigation and merchant acquiring capabilities in house resulting in further consolidation along the value chain. Omni Channel Payments: PSPs have begun aggregating payment methods across multiple platforms to onboard customers for merchants. Adyen and Worldpay for instance, provide merchants gateways for all types of payments – online, physical, and mobile and tablets. This provides the merchants with an overall picture of their customer data. Merchants find it useful to make decisions regarding products and value-added services when they have customer data across all channels Global Payment Gateway Market Segmentation by Region By Region (APAC, North America, Europe, Middle East and Africa, Latin America) The APAC region has dominated the Global Payment Gateway Market in terms of transaction value in USD Billion. China and India have been quick to adopt alternative payment methods with mobile payments increasing in India due to UPI. China is the global leader in mobile payments with Alipay and WeChat Pay together dominating the market. Card payments are the dominant cashless payment method in North America and Europe, although mobile payment apps backed by large e-commerce and technology-oriented companies are being introduced in these regions. Banks are modernizing their payment systems by launching their own mobile payments apps. The APAC region including China, India, Australia, New Zealand, and Southeast Asia accounts for % of the Global Payment Gateway. The rise of mobile and online payments in China and India are driving the adoption of faster payment processing companies. North America and Europe occupy % and % respectively. By End-User Industry (APAC, North America, Europe, Middle East, and Africa, Latin America) The online e-commerce industry has seen an increase in GMV and is expected to grow to USD 4.5 Trillion by 2021. Digital payment methods have seen huge growth due to the increase in e-commerce activity. Companies like Amazon, Alibaba, and eBay all have their own payment gateway and a local payment method along with their e-commerce platform offering. Amazon Pay, Alipay, and Paypal all began operation processing payments from their respective e-commerce partnerships. The retail segment accounted for nearly % of global payment transactions at USD Billion, growing at a CAGR of % since 2014. Emergence and flourishing of online cab-hailing apps like Uber, Ola, GoJek among others have assisted in the growth of non-cash payments. Adyen, for example, provides payment gateway services for Uber, which has helped the rise of the company’s payment processing services. The segment accounted for the second-highest end-user segment in 2018 at nearly % totaling USD billion in transaction value, 2018 Competitive Scenario of Global Payment Gateway Market Currently, there are more than 1,000 payment gateways as the payment processing is highly localized with payment gateways separate for separate countries. Companies with global online operations find it easier to process payment in one currency and settle in another currency. The competition stage is at the growth stage with all major players leveraging global systems to partner with local payment methods to increase transaction value. Alipay, for instance, has a top position in China, and through PayTM, has a presence in India. Adyen has a presence around the world and supports more than 200 regional payment methods. With the government opting for open banking initiatives, there will be greater involvement of third-party developers to enter the payment processing value chain and help process payments faster. Global Payment Gateway Market Future Projections, 2019E-2024E The Global Payment Gateway market is expected rise in terms of the transaction value and volume, driven by both customers and merchants. Customer’s requirements for seamless payment options will drive merchants to accept various payment methods driving PSPs to continuously innovate their services. Payment Gateway companies are expected to invest further in R&D as a percentage of sales to innovate and improve their payment processing capabilities. The large working-age population in emerging countries, the use of digital services to improve the outreach of banking facilities will assist in the adoption of mobile and online payment systems. Key Segments Covered:- By Region APAC North America Europe Middle East and Africa Latin America By End-User Industry Retail Transportation Government Banking and Financial Telecommunications Others (Media and Entertainment) Key Target Audience Existing Payment Gateways Investors and Venture Capital Firms Third-Party Developers Banking and Financial Services Companies Government Entities Merchant Acquirers Card Issuers E-Commerce Sellers and Websites Time Period Captured in the Report:- Historical Period: 2014 -2018 Forecast Period: 2019-202 Companies Covered:- First Data Paypal Worldpay Adyen Square Alipay GMO Pay PayU Ingenico Authorize.net Key Topics Covered in the Report:- Global Payment Gateway Market Global Payment Gateway Industry Top Global Payment Gateway Companies North America Payment Gateway Market India UPI Payment Market Analysis Indonesia National Payment Gateway Market Authorize.Net Payment Market Share Global Payment Aggregator Market Players Global Cross Border Payments Market Growth Worldpay Payment Gateway Market Analysis Adyen Payment Gateway Market Forecast Square Payment Gateway Market Growth Rate For More Information Click On the Below Mentioned Link:- Global Payment Gateway Market Analysis Related Reports by Ken Research:- Russia Payment Services Market Outlook to 2025- Breaking New Grounds through Alternative Payment Systems such as Contactless Payments albeit Challenging Profitability of Incumbent Firms) Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth Contact Us:- Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Adyen Payment Gateway Market Forecast, AI in Payment Gateway Market, Alipay Payment Gateway Market Revenue Analysis, APAC Payment Gateway Market Growth Size, Asia Pacific Regional Card Payment Market, Authorize.Net Payment Market Share, Brazil Payment Gateway Market Future, Canada Payment Gateway Market Growth, China Payment Gateway Market Revenue, Europe Payment Gateway Market Growth, First Data Payment Gateway Market Share Globally, Global Cross Border Payments Market Growth, Global Digital Payment Market, Global Online Payment Gateway Market, Global Payment Aggregator Market Players, Global Payment Gateway Industry, Global Payment Gateway Industry Research Report, Global Payment Gateway Market, Global Payment Gateway Market Analysis, Global Payment Gateway Market End Users Demand, Global Payment Gateway Market Forecast, Global Payment Gateway Market Growth Rate, Global Payment Gateway Market Major Players, Global Payment Gateway Market Outlook, Global Payment Gateway Market Research Report, Global Payment Gateway Market Revenue, Global Payment Gateway Market Segmentation, Global Payment Gateway Market Share, Global Payment Gateway Market Size, Global Payment Gateway Market Transaction Value, Global Payment Gateway Market transaction value in USD Billion, Global Payment Gateway Market Transaction Volume, Global payment Gateway Processing Fees, Global Payment Gateway Services Market, Global PayU Payment Gateway Market Size, Global Retail Payment Market Analysis, GMO Payment Gateway Market Share Report, India Payment Gateway Business Model, India Payment Gateway Market Share, India UPI Payments Market Analysis, Indonesia National Payment Gateway Market, Japan Payment Gateway Market, Latin America Payment Gateway Market Share, Market For Global Payment Gateway Providers, Middle East and Africa payment Market, North America Payment Gateway Market, Number of Cards in Circulation in Millions Globally, Payment Gateway Telecommunications Market, Paypal Share in Payment Gateway, Saudi Arabia Payment Gateway Market, Square Payment Gateway Market Growth Rate, Top Global Payment Gateway Companies, UAE Payment Gateway Market Share, US Payment Gateway Market Analysis, Worldpay Payment Gateway Market Analysis