How big is the Payment Gateway Market?

The Payment Gateway Market size is expected to reach USD 16.27 billion in 2024 and grow at a CAGR of 16.43% to reach USD 34.80 billion by 2029. Read More

What is the current Payment Gateway Market size?

In 2024, the Payment Gateway Market size is expected to reach USD 16.27 billion. Read More

Who are the key players in Payment Gateway Market?

PayPal Holdings, Inc., Amazon Pay (Amazon.com, Inc.), Stripe, Inc., Skrill Limited and PayU Group are the major companies operating in the Payment Gateway Market. Read More

Which is the fastest growing region in Payment Gateway Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Payment Gateway Market?

In 2024, the North America accounts for the largest market share in Payment Gateway Market. Read More

What years does this Payment Gateway Market cover, and what was the market size in 2023?

In 2023, the Payment Gateway Market size was estimated at USD 13.97 billion. The report covers the Payment Gateway Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Payment Gateway Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Payment Gateway Market?

Key factors driving the Global Payment Gateway market are a) Increasing popularity of online shopping b) Rise in digital payments c) Enhanced security measures d) Global expansion of e-commerce businesses Read More

Payment Gateway Market Share Global Market Analysis Annual Report

Payment Gateway Market Size - Industry Report on Share, Growth Trends & Forecasts Analysis (2024 - 2029)

The Global Online Payment Gateway Market Forecast is Segmented by Type (Hosted, Non-hosted), Enterprise Type (Small and Medium Enterprise (SME), Large Enterprise), End User Vertical (Travel, Retail, BFSI, Media, and Entertainment), by Geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD billion) for all the above segments.

Payment Gateway Industry Overview

The Payment Gateway Market is highly consolidated by prominent players such as PayPal, PayU, Amazon Payments, and Stripe. However, other companies are trying to attain larger market shares through mergers and acquisitions to gain more consumers.

In November 2022, BlueSnap, the payment orchestration platform for leading B2B and B2C businesses, expanded its partnership with the top eCommerce agency, objectsource, to support online sellers across Europe to enhance Magento integration for evolving EU Market.

In September 2022, British payments company Paysafe allied with Spreedly, a payments orchestration platform, to help merchants with their international payments across the UK and Europe would be able to make transactions through Paysafe's payment gateway with a focus on e-commerce, retail, travel, crypto, and financial services sectors.

In August 2022, Financial services platform Mswipe Technologies received an in-principal Payment Aggregator (PA) license from the Reserve Bank of India (RBI). With this approval, Mswipe can develop an in-house online payment gateway.