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.

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


North America


Middle East and Africa

Latin America

By End-User Industry




Banking and Financial


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









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:-

Global Payment Gateway Market Analysis

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Russia Payment Services Market Outlook to 2025- Breaking New Grounds through Alternative Payment Systems such as Contactless Payments albeit Challenging Profitability of Incumbent Firms)

Saudi Arabia Cards and Payments Market Outlook to 2023 – Increasing Penetration of Islamic Credit Cards Coupled with Rising Preference for Online Shopping to Drive Market Growth

India Payment Services Market Research Forecast to 2023 – By Online Payments, M-PoS, IMPS, AePS, USSD-BHIM Transactions, UPI, M-Wallet, PoS Terminal, Payment Gateways, CUG Cards and Payment Security Segment

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]