Showing posts with label Global Payment Gateway Market. Show all posts
Showing posts with label Global Payment Gateway Market. Show all posts

Friday, February 21, 2020

Global Payment Gateways Market Size by Transaction Value is expected to reach USD 12 Trillion by the year 2024: Ken Research

  • Shifting from legacy systems used by banks to real-time payments, many governments around the world are introducing national payment gateways and open banking systems. Mobile banking is expected to rise with the banks expected to provide access to third-party developers through APIs.
  • Banks, Big Technology and E-commerce companies have made investments into payments technology by launching mobile payments applications to improve payments for customers and merchants.
  • Major marketing strategies adopted by these payment gateway companies is to partner with major merchants and e-commerce sellers to increase transaction value and volume through their gateway and providing incentives such as discounts and cash-backs for using a specific payment method.
Growth in E-commerce: The growth in the Transaction value and volume for payment gateway operators will be driven by growth in internet and mobile phone penetration across global regions. Payment through cards and online will be driven by a rise in e-commerce as more customers would make payments seamlessly with fewer steps. Emerging economies are leading the adoption of e-commerce and it digital payment methods. Seamless payments in brick and mortar stores are also driving innovation in POS and in-store payment methods. Apple, Google, and Amazon have introduced real-time payment systems across regions that comply with regional regulations to improve payments through their websites and e-commerce sites.
Global Payment Gateway Market
Open Banking Regulations: The majority of the banking system is based on older systems that do not support real-time payments. Hence making payments, which has always included the banking system, lacked innovation. The threat of security theft and frauds has inhibited the banks and various governments to lag in introducing innovation in payments. Currently, many governments have introduced Open Banking regulations that enable banks to innovate through third-party developers. With the help of these third-party developers, the bank's role in payments will be to only execute settlement and clearance notifications to the payment systems operated by card networks.
The Middle East and Africa Region has high cash in circulation as a percentage of GDP and relies mostly on cash for payments, both for sellers and buyers. UAE banks have started on the road to digital adoption. With the mergers of major banks in recent years, a reduction in the number of ATMs in the future is a trend towards the adoption of digital banking services.
Analysts at Ken Research in their latest publication “Global Payment Gateway Market Outlook to 2024” believe growth in e-commerce, demand by customers to have seamless payment options online and in-store, increase in mobile phone and internet penetration driving adoption of mobile phone payments, entry of third party developers to provide value-added services, regulations in Fintech, various governments’ need to increase banked population are some of the factors that will drive the market to register an 11% CAGR growth in transaction value and volume for the period 2019-2024.
For More Information on the market research report, please refer to the link below:-
Key Segments Covered:-
By Region
 APAC
 North America
 Europe
 Middle East and Africa
 Latin America
By End-User Industry
 Retail
 Transportation
 Government
 Banking and Financial
 Telecommunications
 Others (Media and Entertainment)
Key Target Audience
Existing Payment Gateways
Investors and Venture Capital Firms
Third-Party Developers
Banking and Financial Services Companies
Government Entities
Merchant Acquirers
Card Issuers
E-Commerce Sellers and Websites
Time Period Captured in the Report:-
Historical Period: 2014 -2018
Forecast Period: 2019-202
Companies Covered:
First Data
Paypal
Worldpay
Adyen
Square
Alipay
GMO Pay
PayU
Ingenico
Authorize.net
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Global Payment Gateway Market Value Chain Analysis
Global Payment Gateway Market Overview
Global Payment Gateway Ecosystem
Global Payment Gateway Market Trends
Global Payment Gateway Market Challenges
Global Payment Gateway Future Projections
Global Payment Gateway Market Segmentation by Region
Global Payment Gateway Market Segmentation by End-User Industry
Competition Analysis of Global Payment Gateway Companies
Global Payment Gateway Regulations
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
Posted by at No comments:
Labels: , ,
Location: India

Wednesday, October 9, 2019

Global Payment Gateway Market Outlook to 2024: Ken Research

The report titled “Global Payment Gateway Market Outlook to 2024 – By Region (APAC, North America, Europe, North America, Middle East and Africa, and Latin America) and End-User Industry (Retail, Transportation, Government, Banking and Financial, Telecommunications and Others)“ provides a comprehensive analysis on Global Payment Gateway companies. The report covers various aspects including market overview, value chain, and ecosystem analysis, market evolution, market segmentation by region and end-user industry, government regulations, trends and issues, and competitive landscape. The report concludes with future projections in the global payment gateway market transaction value and analyst recommendations.
Global Payment Gateway Market Outlook
 Global Payment Gateway Market Overview
The Global Payment Gateway Market was observed to be at the growth stage as more countries are introducing open banking initiatives where banking systems are being open to third-party service providers. As more companies are set to enter the market, margins are expected to decline which is driving consolidation along the value chain and from other industries, FIS and Worldpay, and Fiserv and First Data for instance. The shift to real-time payment processing is driving modern payment service providers to introduce value-added services in addition to payment processing. The penetration of smartphones and the internet will drive the adoption of mobile payments, especially in emerging countries with a low banking population.
 Global Payment Gateway Market Size by Transaction Value and Transaction Volume
The Global Payment Gateway market size by Transaction Value has witnessed growth in the period 2014-2018. The presence of technology-driven companies has helped improve payment processing by reducing settlement time and increasing security and fraud protection. A push by the government for shifting to cashless payments has driven the adoption of banking services and government initiatives that combine technology with traditional services. The rise in e-commerce has by far been the leading driver for the adoption of mobile and online card payments.
 Global Payment Gateway Market Segmentation by Region (APAC, North America, Europe, Middle East and Africa, and Latin America)
The APAC region has dominated the Global Payment Gateway Market in terms of transaction value in USD Billion. China and India have been quick to adopt alternative payment methods with mobile payments increasing in India due to UPI. China is the global leader in mobile payments with Alipay and WeChat Pay together dominating the market. Card payments are the dominant cashless payment method in North America and Europe, although mobile payment apps backed by large e-commerce and technology-oriented companies are being introduced in these regions. Banks are modernizing their payment systems by launching their own mobile payments apps.
 Global Payment Gateway Market Segmentation by End-User Industry (Retail, Transportation, Government, Banking and Financial, Telecommunications and Others)
The Retail payment gateway market is observed to have dominated the end-user industry segment. The industry occupies the top position in the global payment value for 2018. With more merchants joining e-commerce channels for distribution innovation of seamless payments in brick and mortar stores has driven the rise in retail payments. Large e-commerce and tech companies have been observed to invest in payment technology. Transportation and Government payments occupy second and third position respectively. With more governments relying on digital transfers of welfares and payments, the development of national payment systems is encouraging governments around the world to provide similar infrastructure.
 Competitive Scenario in Global Payment Gateway Market
The Global Payment Gateway market is observed to be fragmented regionally with few companies operating at a global level. First Data is the global leader in payment processing, and the company was acquired by Fiserv. Worldpay and Paypal are other companies with a global presence and high payment processing capabilities. The competition stage is at the growth stage with all major players leveraging global systems to partner with local payment methods to increase transaction value. Alipay, for instance, has a top position in China, and through PayTM, has a presence in India. Adyen has a presence around the world and supports more than 200 regional payment methods.
 Global Payment Gateway Market Future Outlook and Projections
The Global Payment Gateway market is expected to rise in terms of transaction value and volume, driven by both customers and merchants. Customer’s requirements for seamless payment options will drive merchants to accept various payment methods driving PSPs to continuously innovate their services. These companies are expected to invest further in R&D as a percentage of sales. The large working-age population in emerging countries will assist in the adoption of mobile and online payment systems.
Key Segments Covered:-
By Region
APAC
North America
Europe
Middle East and Africa
Latin America
By End-User Industry
Retail
Transportation
Government
Banking and Financial
Telecommunications
Others (Media and Entertainment)
Key Target Audience
Existing Payment Gateways
Investors and Venture Capital Firms
Third-Party Developers
Banking and Financial Services Companies
Government Entities
Merchant Acquirers
Card Issuers
E-Commerce Sellers and Websites
Time Period Captured in the Report:-
Historical Period: 2014 -2018
Forecast Period: 2019-202
Companies Covered:-
First Data
Paypal
Worldpay
Adyen
Square
Alipay
GMO Pay
PayU
Ingenico
Authorize.net
Key Topics Covered in the Report:-
Global Payment Gateway Market
Global Payment Gateway Industry
Top Global Payment Gateway Companies
North America Payment Gateway Market
India UPI Payment Market Analysis
Indonesia National Payment Gateway Market
Authorize.Net Payment Market Share
Global Payment Aggregator Market Players
Global Cross Border Payments Market Growth
Worldpay Payment Gateway Market Analysis
Adyen Payment Gateway Market Forecast
Square Payment Gateway Market Growth Rate
For Information Click On the Below Mentioned Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , , ,
Location: India

Monday, October 7, 2019

Global Payment Gateway Industry Analysis and Forecast – Ken Research

Global Payment Gateway Market Overview
The current phase of the industry is highly fragmented and consolidation is expected to drive the market. The acquisition of payment gateways Industry by payment processing companies have been on the rise. FIS’s acquisition of Worldpay, Fiserv’s acquisition of First Data, Paypal’s acquisition of Swedish fintech company iZettle are some examples where payment processing companies are acquiring newer capabilities to reach more customers and increase the volume of transactions. China has emerged as a front runner in non-cash payments with Alipay rising to the top in terms of transactions in the Chinese market. Mobile payments in China have reached more than USD Trillion until 2018. Alipay has also entered markets outside of China with collaborations with retail outlets. These partnerships are based on a shared QR code operability where mobile wallets companies in Europe will accept Alipay. This partnership was in response to the increasing number of Chinese people willing to make cashless payments when they travel outside China.
Global Payment Gateway Market
Companies like Adyen have transformed the Payment processing value chain by transforming the payment gateway business to a payment aggregator business. By doing so, companies retain the gateway, risk mitigation and merchant acquiring capabilities in house resulting in further consolidation along the value chain.
Omni Channel Payments:  PSPs have begun aggregating payment methods across multiple platforms to onboard customers for merchants. Adyen and Worldpay for instance, provide merchants gateways for all types of payments – online, physical, and mobile and tablets. This provides the merchants with an overall picture of their customer data. Merchants find it useful to make decisions regarding products and value-added services when they have customer data across all channels
Global Payment Gateway Market Segmentation by Region
By Region (APAC, North America, Europe, Middle East and Africa, Latin America)
The APAC region has dominated the Global Payment Gateway Market in terms of transaction value in USD Billion. China and India have been quick to adopt alternative payment methods with mobile payments increasing in India due to UPI. China is the global leader in mobile payments with Alipay and WeChat Pay together dominating the market. Card payments are the dominant cashless payment method in North America and Europe, although mobile payment apps backed by large e-commerce and technology-oriented companies are being introduced in these regions. Banks are modernizing their payment systems by launching their own mobile payments apps.
The APAC region including China, India, Australia, New Zealand, and Southeast Asia accounts for % of the Global Payment Gateway. The rise of mobile and online payments in China and India are driving the adoption of faster payment processing companies. North America and Europe occupy % and % respectively.
By End-User Industry (APAC, North America, Europe, Middle East and Africa, Latin America)
The online e-commerce industry has seen an increase in GMV and is expected to grow to USD 4.5 Trillion by 2021. Digital payment methods have seen a huge growth due to the increase in e-commerce activity. Companies like Amazon, Alibaba, and eBay all have their own payment gateway and a local payment method along with their e-commerce platform offering. Amazon Pay, Alipay, and Paypal all began operation processing payments from their respective e-commerce partnerships. The retail segment accounted for nearly % of global payment transactions at USD Billion, growing at a CAGR of % since 2014.
Emergence and flourishing of online cab-hailing apps like Uber, Ola, GoJek among others have assisted in the growth of non-cash payments. Adyen, for example, provides payment gateway services for Uber, which has helped the rise of the company’s payment processing services. The segment accounted for the second-highest end-user segment in 2018 at nearly % totaling USD billion in transaction value, 2018
Competitive Scenario of Global Payment Gateway Market
Currently, there are more than 1,000 payment gateways as the payment processing is highly localized with payment gateways separate for separate countries. Companies with global online operations find it easier to process payment in one currency and settle in another currency. The competition stage is at the growth stage with all major players leveraging global systems to partner with local payment methods to increase transaction value. Alipay, for instance, has a top position in China, and through PayTM, has a presence in India. Adyen, has a presence around the world and supports more than 200 regional payment methods. With the government opting for open banking initiatives, there will be greater involvement of third-party developers to enter the payment processing value chain and help process payments faster.
Global Payment Gateway Market Future Projections, 2019E-2024E
The Global Payment Gateway market is expected a rise in terms of the transaction value and volume, driven by both customers and merchants. Customer’s requirements for seamless payment options will drive merchants to accept various payment methods driving PSPs to continuously innovate their services. Payment Gateway companies are expected to invest further in R&D as a percentage of sales to innovate and improve their payment processing capabilities. The large working-age population in emerging countries, the use of digital services to improve the outreach of banking facilities will assist in the adoption of mobile and online payment systems.
Key Segments Covered:-
By Region
APAC
North America
Europe
Middle East and Africa
Latin America
By End-User Industry
Retail
Transportation
Government
Banking and Financial
Telecommunications
Others (Media and Entertainment)
Key Target Audience
Existing Payment Gateways
Investors and Venture Capital Firms
Third-Party Developers
Banking and Financial Services Companies
Government Entities
Merchant Acquirers
Card Issuers
E-Commerce Sellers and Websites
Time Period Captured in the Report:-
Historical Period: 2014 -2018
Forecast Period: 2019-202
Companies Covered:-
First Data
Paypal
Worldpay
Adyen
Square
Alipay
GMO Pay
PayU
Ingenico
Authorize.net
Key Topics Covered in the Report:-
Global Payment Gateway Market
Global Payment Gateway Industry
Top Global Payment Gateway Companies
North America Payment Gateway Market
India UPI Payment Market Analysis
Indonesia National Payment Gateway Market
Authorize.Net Payment Market Share
Global Payment Aggregator Market Players
Global Cross Border Payments Market Growth
Worldpay Payment Gateway Market Analysis
Adyen Payment Gateway Market Forecast
Square Payment Gateway Market Growth Rate
For Information Click On the Below Mentioned Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , , ,
Location: India

Friday, October 4, 2019

Application of Machine Learning and Artificial Intelligence with Rising Mergers and Acquisitions has Supported Global Payment Gateway Market: Ken Research

“Increase in mobile and internet penetration along with the adoption of digital technology, government’s need to provide banking channels to the unbanked population, and a rise in Fintech is driving the growth in transaction value and volume through payment gateways globally.“
Analysts at Ken Research in their latest publication “Global Payment Gateway Market Outlook to 2024” believe growth in e-commerce, demand by customers to have seamless payment options online and in-store, increase in mobile phone and internet penetration driving adoption of mobile phone payments, entry of the third-party developers to provide value-added services, regulations in Fintech, various governments’ need to increase the banked population are some of the factors that will drive the market to register nearly 11% CAGR growth in transaction value and volume for the period 2019-2024.
Global Payment Gateway Industry
Growth within APAC: The APAC region has dominated the Global Payment Gateway market as the region has many emerging economies. These economies have led the way in the adoption of digital services. China and India have seen an increase in e-commerce which has helped in the adoption of mobile and e-wallet payment methods. China leads globally in transactions made through mobile wallets. India, Indonesia, and other South Asian countries have introduced payment regulations and real-time national payment systems that will accelerate adoption through these channels.
Payment Services Directive: The European Union has introduced a directive to regulate payment services and payment service providers by laying out technical standards with respect to products and infrastructure. Within this framework, all payment services providers must operate. The directive is based on two sections, namely Market rules and Business conduct rules. Market rules outline the type of entities that can provide payment services and Business Conduct rules specify the transparency and accountability institutions are subject to. The PSD2 is expected to serve as a global benchmark for payment-related regulations. The regulation is expected to be fully implemented in 2019.
Mergers and Acquisitions: As Big Technology and E-commerce companies are entering the payments landscape, margins are being driven down for banks and traditional payment processing companies. FIS-Worldpay and Fiserv-First Data mergers have made these companies world leaders in terms of transaction volume processed. As margins are further driven down, companies will look to win over customers by providing various value-added services to merchants such as access to new markets through local payment methods, Omni-channel processing, and data analytics. These features will provide merchants insights about customers and target them better with better products.
Key Segments Covered:-
By Region
APAC
North America
Europe
Middle East and Africa
Latin America
By End-User Industry
Retail
Transportation
Government
Banking and Financial
Telecommunications
Others (Media and Entertainment)
Key Target Audience
Existing Payment Gateways
Investors and Venture Capital Firms
Third Party Developers
Banking and Financial Services Companies
Government Entities
Merchant Acquirers
Card Issuers
E-Commerce Sellers and Websites
Time Period Captured in the Report:-
Historical Period: 2014 -2018
Forecast Period: 2019-202
Companies Covered:-
First Data
Paypal
Worldpay
Adyen
Square
Alipay
GMO Pay
PayU
Ingenico
Authorize.net
Key Topics Covered in the Report:-
Executive Summary
Research Methodology
Global Payment Gateway Market Value Chain Analysis
Global Payment Gateway Market Overview
Global Payment Gateway Ecosystem
Global Payment Gateway Market Trends
Global Payment Gateway Market Challenges
Global Payment Gateway Future Projections
Global Payment Gateway Market Segmentation by Region
Global Payment Gateway Market Segmentation by End-User Industry
Competition Analysis of Global Payment Gateway Companies
Global Payment Gateway Regulations
For Information Click On the Below Mentioned Link:-
Related Reports by Ken Research:-
Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
Posted by at No comments:
Labels: , ,
Location: India
Subscribe to: Posts (Atom)