According to the Reserve Bank of India, Payment Gateways and Payment Aggregators shall be authorized under the Payment and Settlement Systems Act, 2007 (PSSA). They shall adhere to the regulations from the date of the issue of the regulations or as specified therein. Further, the authorized Payment Gateways and Payment Aggregators shall also, if required, maintain the funds received from customers in an escrow account with a scheduled commercial bank. Non-bank Payment Gateways and Payment Aggregators shall require authorization from RBI under PSSA. Entities undertaking Payment Aggregation and Payment Gateway activity shall be a company incorporated in India under the Companies Act, 2013. Provisions of Prevention of Money Laundering Act, 2002 and Rules framed thereunder, as amended from time to time shall also be applicable.

According to the report, Increasing urbanization and banking population is one of the primary growth factors for the market. The rising preference for making online payments and also the availability of several platforms to do the transactions is also expected to contribute significantly to the E-commerce Payment market. Overall, Shopping applications of E-commerce Payment, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Industry Vertical, such as Personal Care, is boosting the E-commerce Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Device Used, such as PCs, is boosting the E-commerce Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Nature of Payment, such as Business - to - Business (B2B), is boosting the E-commerce Payment market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMA’s Analyst on the Global E-commerce Payment market identified that the demand is rising in many different parts of the world as "Rising initiatives are taken by the government for the increase of the banking population and henceforth providing a better platform for electronic payments ". Furthermore, some recent industry insights like "In November 2023, Amazon announced plans to facilitate online sales of Hyundai cars, marking a significant shift in the automotive retail industry. This partnership aims to revolutionize the car buying experience by providing customers with a convenient and seamless online platform to purchase Hyundai vehicles." which is constantly making the industry very dynamic.

The report provides an in-depth analysis and forecast about the industry covering the following key features:
o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies
o Analyses the Global E-commerce Payment market according to Type, Application, and regions
o Analyzes the top 10 players in terms of market reach, business strategy, and business focus
o Provides stakeholders’ insights and key drivers & trends of the market

**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2021 currency rates.

Market Size Estimation
In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the E-commerce Payment market and other related sub-markets covered in the study.

o Key & emerging players in the market have been observed through secondary research.
o The industry’s supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes.
o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation
The overall E-commerce Payment market size is calculated using market estimation process, the E-commerce Payment market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global E-commerce Payment market size has been validated using both top-down and bottom-up approaches.