About Online Payment Gateway
Online payment gateway is the financial trading service that assists in undergoing smooth operations while shopping online. Various online businesses such as online websites or E-retailers require third party payment operators, which can be provided by any financial service provider as well as any commercialized banks. This process can be carried out by processing credit cards, debit cards and direct payment processes for online businesses. With increasing e-commerce, and rising online presence of all business entities, the online payment gateway market is expected to exponentially grow over the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
The market appears to be fragmented with numerous players who are involved in manufacturing Organic Rice Syrup based on consumers taste preferences and keeping in mind the health benefits provided by the Organic Rice Syrup.The Players having a strong hold in the market are PayPal, Stripe , Amazon Pay, Authorize.Net. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Online Payment Gateway market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
PayPal Holdings, Inc. (United States), Stripe (United States), Amazon Pay (United States), Authorize.Net (United States), Worldpay, LLC (United Kingdom), UC Group Limited (Secure Trading) (United Kingdom), Adyen (Netherlands), CCBill, LLC (United States), 2Checkout (United States), First Data Corporation (United States) and The OLB Group Inc. (SecurePay) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are PayU (Netherlands), MOLPay (Malaysia), Paymill (Germany), GMO PAYMENT GATEWAY, INC. (Japan), Alipay (China), Tenpay (China), Shanghai Jianmi Network Technology Co., Ltd. (Ping++) (China), PagBrasil Pagamentos Eletronicos Ltd. (Boleto Bancario) Brazil, CashU (UAE), OneCard (Saudi Arabia), Wirecard (Germany), WebMoney (Russia) and Realex Payments (Ireland).
Segmentation Overview
AMA Research has segmented the market of Global Online Payment Gateway market by Type (Hosted Payment Gateways, Pro/Self-Hosted Payment Gateways, API/Non-Hosted Payment Gateways, Local Bank Integrates, Direct Payment Gateways and Platform-Based Payment Gateways), Application (Micro and Small Enterprise, Large Enterprise and Mid- Sized Enterprise) and Region.
On the basis of geography, the market of Online Payment Gateway 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement.
Influencing Trend:
China’s Payment Wallet Organizations are Penetrating West and Provides Recurrent Billing Options
Market Growth Drivers:
Globally Developing E-commerce Sector and Increasing Adoption of Digital Payments
Challenges:
Overcoming Hacking Attacks and other Security Constraints and Increasing Threat of Alternative Payment Methods
Restraints:
Dominance of Cash Payments in Developing and Third World Countries, Lack of Information Technology Infrastructure and Cyber Security Risk
Opportunities:
AI Enabled Payment Gateways, Moderate Regulatory Factors in Majority of Countries and Evolution of Peer to Peer Transactions
Market Leaders and their expansionary development strategies
In March 2024, Eazy Financial Services “EazyPay,” a Bahraini financial institute specializing in Point-of-Sale (POS) and online payment gateway acquiring services, has partnered with talabat. This partnership aims to redefine the online payment landscape, offering customers an unparalleled payment experience through seamless credit and debit card transactions.
In December 2023, Cashfree Payments, India's leading payments and API banking company, announced its foray into payment orchestration with the launch of 'FlowWise'. This launch aligns with the company's focus of strengthening its product portfolio to further bolster growth while expanding its customer base.
Automated Clearing House (ACH) Transactions are common ways for customers to make utility, insurance, and bank loan payments. Businesses that follow ACH payments are subject to NACHA’s Operating Rules, which provide clear guidelines that govern all transactions over the network. Here is some high-level information regarding ACH return thresholds, which are based on both volume and dollar amounts: There is a 15.0% threshold for all returns across the board; the threshold for returns for administrative reasons (no account, unable to locate, etc.) is set at 3.0%; and there is a threshold of 0.5% for returns for unauthorized transactions.
Key Target Audience
Online Payment Gateway Providers, Payment Gateway Distributors and Traders, Banking Organizations, Other Financial Organizations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.