A payment gateway is a merchant service meant to authorize and process direct payments and credit card payments for brick and mortar stores, e-businesses, and online retailers. It is developed and available through application service providers in e -commerce. The service is generally provided by bank or dedicated financial service providers to its customers.

Mobile and handheld devices have become user-friendly and highly accessible leading to rise in the traffic across e-commerce websites.  As such, organizations are restructuring their revenue strategies and business models, and are taking more digital approach. There has also been rise in number of mobile wallets, and the trend is likely to cause a rise in growth rate of payment gateways market in the next 5 years.

The rise in e-commerce transactions and increase in penetration rate of mobile devices are the major drivers for the growth of payment gateways market. The market is segmented by organization size, verticals, regions. Some of the vendors present in the market are PayPal, CCBill, Amazon Payments, Stripe, MercadoPago, eWAY, AsiaPay, SecurePay, e-Path, Alipay, Merchant Warrior and BeanStream.

The study covers and analyses the “Payment Gateways” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.