Payment Gateway Market is expected to reach US$ 1708.1 Million by 2027 with CAGR of 19.3%.

Payment Gateway is a merchant service provided by an e-commerce application service provider that authorizes e-business, online retailers, brick and click, or traditional brick and mortar credit cards or direct payment transactions. [1] Payment gateways may be provided to customers by banks, but may also be provided by specialized financial service providers as a separate service, such as a payment service provider.

India Payment Gateway market is expected to grow from US$ 446.9 Mn in 2019 to US$ 1,708.1Mn in 2029 at a CAGR of 19.3% between 2020 and 2027.

Payment gateways facilitate payment transactions by transferring information between payment portals (websites, mobile phones, interactive voice response services, etc.) and front-end processors or acquiring banks.

The Technology, Media and Telecom sector is a group of industries that includes the majority of companies focused on new technologies. As this industry segment is widespread, it may be convenient to divide TMT into sub-sectors such as hardware, semiconductor, software, media and communications.

The Payment Gateway market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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The Payment Gateway Market report aims to provide an overview of India payment gateway market with detailed market segmentation. Also, it analyzes the current payment gateway market scenario and forecasts the market till 2025 in India. The report covers market dynamics effecting the market during the forecast period. Furthermore, the report analyzes the competitive scenario, trends, and opportunities in the markets with respect to India. The report also includes the detailed company profiles of the key players in the market along with their market strategies. The report also provide PEST analysis of the country along with the SWOT analysis for all company profiled in the report.

These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for Payment Gateway assays in the market.

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  • Stripe, Inc.
  • Skrill Limited
  • PayU Group

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Posted by on Friday July 10 2020, 8:59 AM EDT. All trademarks acknowledged. Filed under Software & Services, Technology Hardware & Equipment, Technology, Media, & Telecommunications, Telecommunication. Comments and Trackbacks closed. Follow responses: RSS 2.0

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