Payment Gateway Solutions Market Scope
A payment gateway is an application that authorizes payment for e-businesses, online retails, and brick and mortar businesses, among others. It is virtual equivalent to the physical point of sale established in several retail outlets. It encrypts confidential information, such as credit & debit card numbers to make sure that the data which is passed between the customer and merchant is secure and confidential.
The market study is segmented by Type (Online Payment Gateway and Offline Payment Gateway), by Application (Retail, E-commerce, Finance, Government, Education, Utilities, Healthcare and Non-Profits) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Payment Gateway Solutions market throughout the predicted period.
PayPal Holdings, Inc. (United States), Stripe (United States), Amazon Payments (United States), Skrill (United Kingdom), PayU (Netherlands), 2Checkout (United States), Authorize.net (United States), Payza (Canada) and SecurionPay (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are BlueSnap (United States), BitPay (United States), SagePay (United Kingdom), CardinalCommerce Corporation (United States), WorldPay (United States), First Data (United States), SecurePay (Australia), Paymill (Germany), Tenpay (China) and CashU (United Arab Emirates).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Payment Gateway Solutions market by Type, Application and Region.
On the basis of geography, the market of Payment Gateway Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On 26 2017, Payza, a leading global online payment platform, announced that Payza members in China can now load their Payza e-wallets using popular local options WeChat, UnionPay, and ePayLinks. Chinese Payza members can also perform online transactions in Chinese Yuan Renminbi (CYR).
On 3 April 2017, Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor. The combined company will offer the industry's most comprehensive product and service suite in the subscription billing and eCommerce space, linking payment model flexibility with advanced eCommerce, recurring revenue management, and marketing capabilities on a global level.
- The Rise of the Fintech
- Modernizing the payments infrastructure
- The Number of Cross-Border E-Commerce Transactions Is Increasing
- Booming Online Businesses Worldwide
- The Increased Internet Infrastructure Globally
- The Rapid Adoption of Online Payments among the Consumers
- The Emerging Demand from Developing Nations
- Increasing Data Breaches and Cyber Security
Key Target AudiencePayment Gateway Solutions Providers, Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users and Others
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