Pune, India -- (SBWire) -- 12/20/2019 --Infinium Global Research has recently published a trending report on the "Online Payment Gateway Market (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; End-users - Travel, Retail, Banking, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2025." The global online payment gateway market is projected to grow at a CAGR of 10% over the forecast period of 2019-2025.
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The Growing Popularity of Real-Time and Buffer Encryption Between Buyer and Sellers Driving the Growth of the Global Online Payment Market
According to the IGR research analysts, a collaboration between banks & FinTechs is providing immense opportunities for the growth of the online payment gateway market. Countries across the globe are revamping their payments infrastructure to enable businesses and consumers to move money faster and at the same time, help monetize the platforms. Financial institutions are focused on upgrading their payment services offerings to meet future payment requirements related to volume, speed, and agility.
Online Payment Gateway Making a Foray in Various Industries
The report gives an in-depth analysis of the global online payment gateway market, focuses on the market opportunities along with the trends driving the market. It provides the market segmentation by type (hosted payment gateways, pro/self-hosted payment gateways, API/non-hosted payment gateways, local bank integrates, direct payment gateways, platform-based payment gateways), by application (micro and small enterprise, large enterprise, mid-sized enterprise), by end-users (travel, retail, banking, and others) and by region. Payments are becoming easier to embed in a variety of industries. For instance, intelligent cars are starting to incorporate payments. The customers will be able to use saved payment methods for tolls, gas or even drive-throughs without lifting a finger.
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North America is the Largest Revenue Making Region for the Global Online Payment Gateway Market
Asia-Pacific region is the second-largest region for the online payment gateway market owing to the growing dependence of small and large manufacturers for the online method of payment. Further, the small and large vendors are using an online platform to sell their products, and growing internet penetration are other factors that offer a prominent growth for the online payment gateway market in this region.
Competitive Analysis in the Global Market of Online Payment Gateway
The companies profiled in the report are eWAY AU, PesoPay, PayPal, Amazon Payment, Wirecard, Authorize.Net, PayU, MOLPay, Paymill, and Alipay. In November 2019, PayPal announced to acquire Honey science Corporation, the makers of a deal-finding browser add-on and mobile application. The acquisition will give the payment giant a foothold earlier in the customer's shopping journey. Currently, Honey's 17 million monthly active users take advantage of its suite of money-saving tools to track prices, get alerts, make lists, browse offers and participate in an Ebates-like rewards program called Honey Gold. Its users tend to be younger, millennial shoppers, both male and female.
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Report Highlights
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider.
The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the online payment gateway market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
Reasons to Buy this Report:
=> Comprehensive analysis of global as well as regional markets of the online payment gateway.
=> Complete coverage of all the product type and application segments to analyze the trends, developments, and forecast of market size up to 2025.
=> Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
