Global Online Payment Gateway Market Growth Drivers and Challenges, Competitive Landscape and Recent Trends and Developments till 2023 – Fashion Herald

The report “Online Payment Gateway Market” analyzes the Market status, Market share, growth rate, future trends, Market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.

In this report, Analytical Research Cognizance studies the present scenario (with the base year being 2017) and the growth prospects of Global Online Payment Gateway Market for 2018-2023.

This report studies the Online Payment Gateway Market, Online payment gateways are the merchant service which assists in carrying out a smooth transaction at the time of online shopping. The transaction is carried out by processing credit card, debit cards and direct payment process for various online business such as e- retailers, online websites. The payment gateways services can be provided by any financial service provider of by any commercialized bank.

Online payment gateway enables transfer of information between front end processor, for instance, bank and payment portal such as website and mobile apps. The payment gateways ensure proper transaction with considering all aspect to facilitate the safe and secure transaction.

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An online 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.

Online payment gateways have wide range of applications, such as Micro and Small Enterprise, Large Enterprise, Mid- Sized Enterprise. And Micro and Small Enterprise was the most widely used area which took up about 61.09% of the Global total in 2017.

China is the largest countries of online 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 18.97% the Global Market in 2017, while USA and Europe were about 15.86%, 15.72%.

Over the next five years, Online Payment Gateway Market will register a 16.9% CAGR in terms of revenue, reach US$ 4020 million by 2023, from US$ 1570 million in 2017.

This report presents a comprehensive overview, Market shares and growth opportunities of Online Payment Gateway Market by product type, application, key companies and key regions.

To calculate the Online Payment Gateway Market size, Analytical Research Cognizance considers value generated from the sales of the following segments:

Segmentation by product type:
* Pro/Self-Hosted Payment Gateways
* Local Bank Integrates
* Other

Segmentation by application:
* Micro and Small Enterprise
* Large Enterprise
* Mid- Sized Enterprise

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Online Payment Gateway Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like
* North America (United States, Canada and Mexico)
* Asia-Pacific (China, Japan, Southeast Asia, India and Korea)
* Europe (Germany, UK, France, Italy and Russia etc.)
* South America (Brazil, Chile, Peru and Argentina)
* Middle East and Africa (Egypt, South Africa, Saudi Arabia)

The report also presents the Online Payment Gateway Market competition landscape and a corresponding detailed analysis of the major …read more

Source:: Daily times


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