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Report
Payment Gateway Market by Type (Hosted, Self-hosted), Vertical (Retail & E-commerce, BFSI, Telecom, Healthcare, Media & Entertainment, Travel & Hospitality, IT & ITeS) and Region - Global Forecast to 2029
Market Report I 2024-04-10 I 227 Pages I MarketsandMarkets
The payment gateway market is estimated at USD 26.7 billion in 2024 to USD 48.4 billion by 2029, at a Compound Annual Growth Rate (CAGR) of 12.6%. Blockchain technology holds immense potential to revolutionize payment processing by offering a secure, decentralized, and transparent ledger system. Payment gateways that explore blockchain integration can position themselves for future advancements in the industry. By leveraging blockchain technology, payment gateways can streamline transaction processes, reduce fees, and enhance security through cryptographic protocols and distributed consensus mechanisms. Additionally, blockchain-based payment solutions offer greater transparency, enabling real-time tracking of transactions and providing an immutable record of payment history. This transparency not only enhances trust between merchants and consumers but also mitigates the risk of fraud and disputes. Furthermore, blockchain technology enables cross-border payments to be executed more efficiently, eliminating the need for intermediaries and reducing transaction times and costs. As the adoption of blockchain technology continues to grow, payment gateways that embrace blockchain integration stand to benefit from greater efficiency, security, and innovation in payment processing, positioning themselves as leaders in the evolving fintech landscape.
"The other payment gateway types segment is expected to hold the second largest market size during the forecast period." Integrating with local banks presents a significant opportunity for payment gateways to leverage existing security protocols and fraud prevention measures implemented by these institutions. By aligning with the security infrastructure of trusted local banks, payment gateways can enhance the overall security and reliability of their payment processing services. This integration not only helps to mitigate the risk of fraud but also builds trust with customers who may be hesitant to use unfamiliar payment methods or platforms. Customers often place a high value on the security measures implemented by their banks, and by partnering with these institutions, payment gateways can reassure customers that their financial transactions are conducted in a secure environment. Moreover, integrating with local banks allows payment gateways to offer a wider range of payment options, including bank transfers and direct debits, catering to the preferences of customers who prefer traditional banking methods. Overall, this collaboration between payment gateways and local banks not only enhances security but also fosters customer trust and satisfaction, driving greater adoption and usage of digital payment solutions.
"The media & entertainment segment to register the fastest growth rate during the forecast period." In-game virtual currencies have become a staple of modern gaming, serving as a means for players to make microtransactions for various in-game items, enhancements, or additional content. Payment gateways play a crucial role in facilitating these transactions by integrating with the systems managing these virtual currencies. By doing so, users can securely purchase these virtual currencies with real money, enhancing their gaming experience without the need for cumbersome payment processes. This integration not only streamlines the purchasing process for gamers but also ensures the security and reliability of transactions, instilling confidence in users as they engage in microtransactions within the gaming ecosystem. Furthermore, by enabling seamless integration with in-game virtual currency systems, payment gateways contribute to the monetization strategies of game developers, allowing them to leverage microtransactions as a lucrative revenue stream. As the gaming industry continues to evolve and embrace digital economies, payment gateways that facilitate the seamless exchange between real money and in-game virtual currencies are poised to play an increasingly vital role in shaping the future of gaming commerce.
"North America to hold second largest highest market size during the forecast period."
North America stands out as a leader in the adoption of digital wallets, with widely embraced platforms such as Apple Pay, Google Pay, and regional players like Venmo gaining significant traction among consumers. Payment gateways that seamlessly integrate with these popular digital wallet options play a pivotal role in catering to consumer preferences and streamlining the checkout process. By offering compatibility with these widely used digital wallets, payment gateways provide customers with a convenient and familiar payment experience, allowing them to securely complete transactions with just a few taps or clicks. This integration not only enhances the overall convenience of the checkout process but also instills confidence in consumers, as they can rely on trusted digital wallet providers to safeguard their payment information. Moreover, by facilitating seamless integration with popular digital wallets, payment gateways enable merchants to capitalize on the widespread adoption of these platforms, driving higher conversion rates and fostering customer loyalty in the competitive North American market. As digital wallet usage continues to soar, payment gateways that prioritize integration with these popular options are well-positioned to meet the evolving needs of consumers and merchants alike, driving further growth and innovation in the payment ecosystem.
In-depth interviews have been conducted with chief executive officers (CEOs), Directors, and other executives from various key organizations operating in the payment gateway market.
- By Company Type: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
- By Designation: C-level -35%, D-level - 25%, and Others - 40%
- By Region: North America - 30%, Europe - 30%, Asia Pacific - 25%, Latin America- 5%, and Middle East & Africa - 10%,
The major players in the payment gateway JP Morgan (US), Paypal (US), Amazon (US), Visa (US), Mastercard (US), PhonPe (India), Razorpay (India), Alibaba (China), Stripe (Ireland), Adyen (Netherlands), Block, Inc (US), FIS (US), Global Payments (US), Apple (US), Fiserv (US), Verifone (US), Paysafe (UK), Fidelity payments (US), Easebuzz (India), Bluesnap (US), Windcave (US), Helcim (US), Instamojo (India), Infibeam Avenue (US), NOWPayments (Netherlands), CoinGate (Lithuania), Ippopay (India), PayJunction (US), Lyra Network (US). These players have adopted various growth strategies, such as partnerships, agreements and collaborations, new product launches, enhancements, and acquisitions to expand their payment gateway market footprint.
Research Coverage
The market study covers the payment gateway market size across different segments. It aims at estimating the market size and the growth potential across different segments, including By type ( hosted, self-hosted, other types) vertical (BFSI, retail & ecommerce, telecom, healthcare, media and entertainment, travel and hospitality, it & ites, other verticals)and Region (North America, Europe, Asia Pacific, Middle East & Africa, and Latin America). The study includes an in-depth competitive analysis of the leading market players, their company profiles, key observations related to product and business offerings, recent developments, and market strategies.
Key Benefits of Buying the Report
The report will help the market leaders/new entrants with information on the closest approximations of the global payment gateway market's revenue numbers and subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the market's pulse and provide them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
1. Analysis of key drivers ( Rapid growth in eCommerce, Mobile payment Adoption, globalization of business transactions ), restraints (Regulatory Compliance, dependency on Banking Infrastructure, ), opportunities (Blockchain and cryptocurrency Integration, Value-Added Services), and challenges (Customer trust and data privacy, changing consumer behavior) influencing the growth of the payment gateway market.
2. Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the payment gateway market.
3. Market Development: Comprehensive information about lucrative markets - the report analyses the payment gateway market across various regions.
4. Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the payment gateway market.
5. Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading include JP Morgan (US), Paypal (US), Amazon (US), Visa (US), Mastercard (US), PhonPe (India), Razorpay (India), Alibaba (China), Stripe (Ireland), Adyen (Netherlands), Block, Inc (US), FIS (US), Global Payments (US), Apple (US), Fiserv (US), Verifone (US), Paysafe (UK), Fidelity payments (US), Easebuzz (India), Bluesnap (US), Windcave (US), Helcim (US), Instamojo (India), Infibeam Avenue (US), NOWPayments (Netherlands), CoinGate (Lithuania), Ippopay (India), PayJunction (US), Lyra Network (US).
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
1.3.1 MARKET SEGMENTATION 30
1.3.2 REGIONS COVERED 30
1.3.3 INCLUSIONS & EXCLUSIONS 31
1.3.4 YEARS CONSIDERED 31
1.4 CURRENCY CONSIDERED 31
TABLE 1 USD EXCHANGE RATES, 2021-2023 32
1.5 STAKEHOLDERS 32
1.6 IMPACT OF RECESSION 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 1 PAYMENT GATEWAY MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.2 PRIMARY DATA 34
2.1.2.1 Primary interviews with experts 34
2.1.2.2 Breakdown of primary profiles 35
FIGURE 2 BREAKDOWN OF PRIMARY INTERVIEWS, BY COMPANY TYPE, DESIGNATION, AND REGION 35
2.1.2.3 Key insights from industry experts 35
2.2 MARKET SIZE ESTIMATION 36
FIGURE 3 PAYMENT GATEWAY MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES 36
2.2.1 TOP-DOWN APPROACH 36
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 1 (SUPPLY SIDE): REVENUE OF VENDORS IN PAYMENT GATEWAY MARKET 37
2.2.2 BOTTOM-UP APPROACH 37
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (DEMAND SIDE): PAYMENT GATEWAY MARKET 38
FIGURE 6 MARKET SIZE ESTIMATION USING BOTTOM-UP APPROACH 38
2.3 DATA TRIANGULATION 39
FIGURE 7 DATA TRIANGULATION AND MARKET BREAKUP 39
2.4 RISK ASSESSMENT 40
TABLE 2 RISK ASSESSMENT 40
2.5 RESEARCH ASSUMPTIONS 40
TABLE 3 RESEARCH ASSUMPTIONS 40
2.6 LIMITATIONS 41
2.7 IMPLICATION OF RECESSION ON PAYMENT GATEWAY MARKET 41
3 EXECUTIVE SUMMARY 42
FIGURE 8 PAYMENT GATEWAY MARKET TO WITNESS SIGNIFICANT GROWTH DURING FORECAST PERIOD 43
FIGURE 9 PAYMENT GATEWAY MARKET: REGIONAL SNAPSHOT 43
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PAYMENT GATEWAY MARKET 45
FIGURE 10 RAPID DIGITAL TRANSFORMATION IN DEVELOPING ECONOMIES TO DRIVE MARKET 45
4.2 PAYMENT GATEWAY MARKET: TOP GROWING SEGMENTS 45
FIGURE 11 TOP GROWING SEGMENTS IN 2024 45
4.3 PAYMENT GATEWAY MARKET, BY TYPE 46
FIGURE 12 HOSTED SEGMENT TO LEAD MARKET DURING FORECAST PERIOD 46
4.4 PAYMENT GATEWAY MARKET, BY VERTICAL 46
FIGURE 13 RETAIL & E-COMMERCE TO HOLD LARGEST MARKET DURING FORECAST PERIOD 46
4.5 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY OFFERING AND VERTICAL 47
FIGURE 14 HOSTED SEGMENT AND RETAIL & E-COMMERCE ESTIMATED TO HOLD LARGEST MARKET SHARES IN 2024 47
5 MARKET OVERVIEW AND INDUSTRY TRENDS 48
5.1 INTRODUCTION 48
5.2 MARKET DYNAMICS 48
FIGURE 15 PAYMENT GATEWAY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 49
5.2.1 DRIVERS 49
5.2.1.1 Rapid Growth in E-commerce 49
5.2.1.2 Mobile Payment Adoption 50
FIGURE 16 RISING VOLUME OF UPI PAYMENTS, 2016 TO 2023 (MILLION) 50
5.2.1.3 Globalization of Business Transactions 51
5.2.2 RESTRAINTS 51
5.2.2.1 Regulatory Compliance 51
5.2.2.2 Dependency on Banking Infrastructure 51
5.2.3 OPPORTUNITIES 51
5.2.3.1 Blockchain and Cryptocurrency Integration 51
5.2.3.2 Value-added Services 52
5.2.4 CHALLENGES 52
5.2.4.1 Customer Trust and Data Privacy 52
5.2.4.2 Changing Consumer Behavior 52
5.3 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY 53
FIGURE 17 BRIEF HISTORY OF PAYMENT GATEWAY TECHNOLOGY 53
5.3.1 1960-1990 53
5.3.2 1990-2000 53
5.3.3 2000-2010 53
5.3.4 2010-2020 54
5.3.5 202O-PRESENT 54
5.4 ECOSYSTEM/MARKET MAP 54
FIGURE 18 KEY PLAYERS IN PAYMENT GATEWAY MARKET ECOSYSTEM 54
TABLE 4 PAYMENT GATEWAY MARKET: ECOSYSTEM 55
5.5 PAYMENT GATEWAY INVESTMENT LANDSCAPE 56
5.6 CASE STUDY ANALYSIS 56
5.6.1 CASE STUDY 1: RAZORPAY OPTIMIZER HELPED CRAFT FABINDIA'S PAYMENTS SUCCESS STORY 56
5.6.2 CASE STUDY 2: SRI BALAJI UNIVERSITY REDUCED 90% OF RECONCILIATION EFFORTS USING FEESBUZZ AND FORMS 57
5.6.3 CASE STUDY 3: PAN HOME COLLABORATED WITH AMAZON PAYMENT SERVICES TO TRANSFORM CUSTOMER EXPERIENCE 58
5.6.4 CASE STUDY 4: COINGATE EMPOWERED BACLOUD WITH CRYPTOCURRENCY PAYMENT SOLUTIONS 58
5.6.5 CASE STUDY 5: STRIPE HELPED INCREASE TWILIO'S 10% AUTHORIZATION RATE 59
5.6.6 CASE STUDY 6: NAMELY STREAMLINED PAYMENTS AND BOOSTED EFFICIENCY WITH BLUESNAP INTEGRATION 60
5.7 VALUE CHAIN ANALYSIS 61
FIGURE 19 PAYMENT GATEWAY MARKET: VALUE CHAIN ANALYSIS 61
5.7.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 5 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 6 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 7 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 62
TABLE 8 REST OF THE WORLD: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 63
5.8 NORTH AMERICA 63
5.8.1 US 63
5.8.2 CANADA 63
5.9 EUROPE 63
5.9.1 GERMANY 64
5.9.2 UK 64
5.10 ASIA PACIFIC 64
5.10.1 CHINA 64
5.10.2 INDIA 64
5.10.3 JAPAN 64
5.11 REST OF THE WORLD 64
5.11.1 QATAR 64
5.11.2 MEXICO 64
5.12 PATENT ANALYSIS 65
FIGURE 20 LIST OF MAJOR PATENTS FOR PAYMENT GATEWAY 65
5.12.1 LIST OF MAJOR PATENTS 66
5.13 PRICING ANALYSIS 69
5.13.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE 69
FIGURE 21 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY BILLING CYCLE 69
TABLE 9 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY PAYMENT TYPE (USD) 70
5.13.2 INDICATIVE PRICING ANALYSIS OF KEY PLAYERS, BY FEATURE 70
TABLE 10 INDICATIVE PRICING ANALYSIS OF PAYMENT GATEWAYS, BY FEATURE (USD) 70
5.14 PORTER'S FIVE FORCES ANALYSIS 71
TABLE 11 PAYMENT GATEWAY MARKET: PORTER'S FIVE FORCES ANALYSIS 71
FIGURE 22 PORTER'S FIVE FORCES ANALYSIS: PAYMENT GATEWAY MARKET 71
5.14.1 THREAT OF NEW ENTRANTS 72
5.14.2 THREAT OF SUBSTITUTES 72
5.14.3 BARGAINING POWER OF BUYERS 72
5.14.4 BARGAINING POWER OF SUPPLIERS 72
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 72
5.15 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 72
FIGURE 23 TRENDS AND DISRUPTIONS IMPACTING CUSTOMERS' BUSINESSES 73
5.16 KEY STAKEHOLDERS & BUYING CRITERIA 73
5.16.1 KEY STAKEHOLDERS IN BUYING PROCESS 73
FIGURE 24 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS 73
TABLE 12 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS (%) 74
5.16.2 BUYING CRITERIA 74
FIGURE 25 KEY BUYING CRITERIA FOR TOP THREE END USERS 74
TABLE 13 KEY BUYING CRITERIA FOR TOP END USERS 74
5.17 KEY CONFERENCES & EVENTS IN 2024 75
TABLE 14 PAYMENT GATEWAY MARKET: DETAILED LIST OF CONFERENCES & EVENTS, 2024 75
5.18 TECHNOLOGY ANALYSIS 75
5.18.1 KEY TECHNOLOGIES 75
5.18.1.1 Encryption and Tokenization 75
5.18.1.2 Artificial Intelligence 75
5.18.1.3 Contactless Payments 76
5.18.2 ADJACENT TECHNOLOGIES 76
5.18.2.1 Biometric Authentication 76
5.18.2.2 IoT 76
5.18.2.3 Blockchain 76
5.18.3 COMPLEMENTARY TECHNOLOGIES 76
5.18.3.1 5G Technology 76
5.18.3.2 Voice Recognition Technology 76
5.19 BEST PRACTICES IN PAYMENT GATEWAY MARKET 77
5.19.1 SECURITY COMPLIANCE 77
5.19.2 FRAUD PREVENTION 77
5.19.3 RELIABILITY AND UPTIME 77
5.19.4 USER-FRIENDLY INTERFACE 77
5.19.5 FAST TRANSACTION PROCESSING 77
5.19.6 SCALABILITY 77
5.19.7 TRANSPARENT PRICING 77
5.19.8 GLOBAL PAYMENT SUPPORT 77
5.19.9 ROBUST API DOCUMENTATION 77
5.19.10 CUSTOMER SUPPORT 78
5.19.11 REGULAR UPDATES AND INNOVATION 78
5.19.12 COMPLIANCE WITH REGULATORY STANDARDS 78
5.20 CURRENT AND EMERGING BUSINESS MODELS 78
5.20.1 TRANSACTION-BASED MODEL 78
5.20.2 SUBSCRIPTION-BASED MODELS 78
5.20.3 VALUE-ADDED SERVICES MODEL 78
5.20.4 API-FIRST APPROACH 78
5.20.5 INTEGRATED SERVICE MODELS 78
5.20.6 CROSS-BORDER PAYMENT SOLUTIONS 78
5.20.7 CONTACTLESS AND NFC PAYMENTS 79
5.20.8 EMBEDDED FINANCE 79
5.21 PAYMENT GATEWAY TOOLS, FRAMEWORKS, AND TECHNIQUES 79
5.22 FUTURE LANDSCAPE OF PAYMENT GATEWAY MARKET 79
5.22.1 SHORT-TERM ROADMAP (2023-2025) 79
5.22.2 MID-TERM ROADMAP (2025-2028) 79
5.22.3 LONG-TERM ROADMAP (2029-2030) 80
6 PAYMENT GATEWAY MARKET, BY TYPE 81
6.1 INTRODUCTION 82
FIGURE 26 HOSTED SEGMENT TO HOLD LARGEST MARKET SIZE DURING
FORECAST PERIOD 82
6.1.1 TYPE: PAYMENT GATEWAY MARKET DRIVERS 82
TABLE 15 PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 83
TABLE 16 PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 83
6.2 HOSTED 83
6.2.1 OUTSOURCED PAYMENT PROCESSING TO SAVE COSTS AND DRIVE GROWTH 83
TABLE 17 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 84
TABLE 18 HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 84
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6.3 SELF-HOSTED 84
6.3.1 CUSTOMIZED PAYMENT PROCESSING TO DRIVE GROWTH 84
TABLE 19 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 85
TABLE 20 SELF-HOSTED: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 85
6.4 OTHER TYPES 85
TABLE 21 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 86
TABLE 22 OTHER TYPES: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 86
7 PAYMENT GATEWAY MARKET, BY VERTICAL 87
7.1 INTRODUCTION 88
7.1.1 VERTICAL: PAYMENT GATEWAY MARKET DRIVERS 88
FIGURE 27 MEDIA & ENTERTAINMENT SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 88
TABLE 23 PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 89
TABLE 24 PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 89
7.2 BFSI 90
7.2.1 SECURE AND FASTER BANKING TRANSACTIONS TO DRIVE GROWTH 90
7.2.2 USE CASE 90
7.2.2.1 Secure online banking transactions 90
7.2.2.2 Credit card payments 90
TABLE 25 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 90
TABLE 26 BFSI: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 91
7.3 TELECOM 91
7.3.1 DIVERSE PAYMENT OPTIONS TO DRIVE MARKET GROWTH 91
7.3.2 USE CASE 91
7.3.2.1 Mobile recharge and top-ups 91
7.3.2.2 Value-added service purchases 91
TABLE 27 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 92
TABLE 28 TELECOM: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 92
7.4 HEALTHCARE 92
7.4.1 ONLINE MEDICAL BILLING AND FASTER INSURANCE PROCESSING TO DRIVE GROWTH 92
7.4.2 USE CASE 93
7.4.2.1 Patient payments and co-payments 93
7.4.2.2 Medical bill payments 93
TABLE 29 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 93
TABLE 30 HEALTHCARE: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 93
7.5 MEDIA & ENTERTAINMENT 94
7.5.1 RECURRING SUBSCRIPTIONS AND GROWTH OF ONLINE PLATFORMS TO DRIVE GROWTH 94
7.5.2 USE CASE 94
7.5.2.1 Pay-per-view events 94
7.5.2.2 Digital content purchases 94
TABLE 31 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 94
TABLE 32 MEDIA & ENTERTAINMENT: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 95
7.6 TRAVEL & HOSPITALITY 95
7.6.1 EASE OF MULTICURRENCY TRANSACTIONS TO DRIVE GROWTH 95
7.6.2 USE CASE 95
7.6.2.1 Hotel booking payments 95
7.6.2.2 Flight reservations 95
TABLE 33 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 96
TABLE 34 TRAVEL & HOSPITALITY: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 96
7.7 IT & ITES 96
7.7.1 ENHANCED SECURITY AND ENCRYPTION TO DRIVE GROWTH 96
7.7.2 USE CASE 97
7.7.2.1 Licensing and royalties 97
7.7.2.2 Training and certification programs 97
TABLE 35 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 97
TABLE 36 IT & ITES: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 97
7.8 RETAIL & E-COMMERCE 98
7.8.1 INCREASE IN GLOBAL E-COMMERCE SALES TO DRIVE GROWTH 98
7.8.2 USE CASE 98
7.8.2.1 Inventory management 98
7.8.2.2 Customizable checkout experience 98
TABLE 37 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 98
TABLE 38 RETAIL & E-COMMERCE: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 99
7.9 OTHER VERTICALS 99
7.9.1 USE CASE 99
7.9.1.1 Event registrations 99
7.9.1.2 Property sales 99
7.9.1.3 Toll payments 99
7.9.1.4 Catering services 100
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TABLE 39 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 100
TABLE 40 OTHER VERTICALS: PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 100
8 PAYMENT GATEWAY MARKET, BY REGION 101
8.1 INTRODUCTION 102
TABLE 41 PAYMENT GATEWAY MARKET, BY REGION, 2018-2023 (USD MILLION) 102
TABLE 42 PAYMENT GATEWAY MARKET, BY REGION, 2024-2029 (USD MILLION) 102
8.2 NORTH AMERICA 103
8.2.1 NORTH AMERICA: PAYMENT GATEWAY MARKET DRIVERS 103
8.2.2 NORTH AMERICA: RECESSION IMPACT 103
FIGURE 28 NORTH AMERICA: PAYMENT GATEWAY MARKET SNAPSHOT 104
TABLE 43 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 104
TABLE 44 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 105
TABLE 45 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 105
TABLE 46 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 105
TABLE 47 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2023 (USD MILLION) 106
TABLE 48 NORTH AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 106
8.2.3 US 106
8.2.3.1 Robust financial ecosystem and major players to drive market 106
TABLE 49 US: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 107
TABLE 50 US: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 107
TABLE 51 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 107
TABLE 52 US: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 108
8.2.4 CANADA 108
8.2.4.1 Government initiatives and immense participation from private players to drive market growth 108
TABLE 53 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 109
TABLE 54 CANADA: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 109
TABLE 55 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 109
TABLE 56 CANADA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 110
8.3 EUROPE 110
8.3.1 EUROPE: PAYMENT GATEWAY MARKET DRIVERS 110
8.3.2 EUROPE: RECESSION IMPACT 111
TABLE 57 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 111
TABLE 58 EUROPE: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 111
TABLE 59 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 112
TABLE 60 EUROPE: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 112
TABLE 61 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2023 (USD MILLION) 112
TABLE 62 EUROPE: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 113
8.3.3 GERMANY 113
8.3.3.1 Robust financial ecosystem to drive growth 113
8.3.4 UK 113
8.3.4.1 Government initiatives and availability of advanced connectivity to drive growth 113
TABLE 63 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 114
TABLE 64 UK: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 114
TABLE 65 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 114
TABLE 66 UK: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 115
8.3.5 ITALY 115
8.3.5.1 Surge in digital payments and e-commerce sector to drive growth 115
8.3.6 FRANCE 116
8.3.6.1 Strategic investments and innovative solutions to fuel market growth 116
8.3.7 SPAIN 116
8.3.7.1 Government funding and major players to drive growth of market 116
8.3.8 REST OF EUROPE 116
8.4 ASIA PACIFIC 117
8.4.1 ASIA PACIFIC: PAYMENT GATEWAY MARKET DRIVERS 117
8.4.2 ASIA PACIFIC: RECESSION IMPACT 117
FIGURE 29 ASIA PACIFIC: PAYMENT GATEWAY MARKET SNAPSHOT 118
TABLE 67 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 118
TABLE 68 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 119
TABLE 69 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 119
TABLE 70 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 119
TABLE 71 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2023 (USD MILLION) 120
TABLE 72 ASIA PACIFIC: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 120
8.4.3 CHINA 120
8.4.3.1 Substantial investments and robust e-commerce ecosystem to drive market 120
TABLE 73 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 121
TABLE 74 CHINA: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 121
TABLE 75 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 122
TABLE 76 CHINA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 122
8.4.4 INDIA 122
8.4.4.1 Innovative digital payment solutions to drive growth 122
8.4.5 JAPAN 123
8.4.5.1 Initiatives such as Society 5.0 and digital payment industry to drive growth 123
8.4.6 AUSTRALIA & NEW ZEALAND 123
8.4.6.1 Government regulations and open banking initiatives to drive growth 123
8.4.7 REST OF ASIA PACIFIC 124
8.5 MIDDLE EAST & AFRICA 124
8.5.1 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET DRIVERS 125
8.5.2 MIDDLE EAST & AFRICA: RECESSION IMPACT 125
TABLE 77 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2018-2023 (USD MILLION) 125
TABLE 78 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY REGION/COUNTRY, 2024-2029 (USD MILLION) 125
TABLE 79 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 126
TABLE 80 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 126
TABLE 81 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 126
TABLE 82 MIDDLE EAST & AFRICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 127
8.5.3 GCC COUNTRIES 127
TABLE 83 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2023 (USD MILLION) 127
TABLE 84 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 128
TABLE 85 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 128
TABLE 86 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 128
TABLE 87 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 129
TABLE 88 GCC COUNTRIES: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 129
8.5.3.1 UAE 129
8.5.3.1.1 Increasing adoption of digital payments to drive growth 129
8.5.3.2 Kingdom of Saudi Arabia 130
8.5.3.2.1 Supportive regulatory frameworks for payment gateway market to drive growth 130
8.5.4 REST OF GCC COUNTRIES 130
?
8.5.5 SOUTH AFRICA 131
8.5.5.1 Innovations in digital payment solutions to drive growth 131
8.5.6 REST OF MIDDLE EAST & AFRICA 131
8.6 LATIN AMERICA 131
8.6.1 LATIN AMERICA: PAYMENT GATEWAY MARKET DRIVERS 131
8.6.2 LATIN AMERICA: RECESSION IMPACT 132
TABLE 89 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2023 (USD MILLION) 132
TABLE 90 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY COUNTRY, 2024-2029 (USD MILLION) 132
TABLE 91 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 133
TABLE 92 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 133
TABLE 93 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 133
TABLE 94 LATIN AMERICA: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 134
8.6.3 BRAZIL 134
8.6.3.1 Surging e-commerce sector in country to drive growth 134
TABLE 95 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2018-2023 (USD MILLION) 134
TABLE 96 BRAZIL: PAYMENT GATEWAY MARKET, BY TYPE, 2024-2029 (USD MILLION) 135
TABLE 97 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2018-2023 (USD MILLION) 135
TABLE 98 BRAZIL: PAYMENT GATEWAY MARKET, BY VERTICAL, 2024-2029 (USD MILLION) 135
8.6.4 MEXICO 136
8.6.4.1 Diverse digital payment options to drive growth 136
8.6.5 REST OF LATIN AMERICA 136
9 COMPETITIVE LANDSCAPE 137
9.1 INTRODUCTION 137
9.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 137
9.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PAYMENT GATEWAY PROVIDERS 137
9.3 REVENUE ANALYSIS 138
FIGURE 30 HISTORICAL REVENUE ANALYSIS OF KEY PLAYERS, 2018-2022 (USD MILLION) 138
9.4 MARKET SHARE ANALYSIS 139
FIGURE 31 PAYMENT GATEWAY MARKET SHARE ANALYSIS, 2023 139
TABLE 99 PAYMENT GATEWAY MARKET: DEGREE OF COMPETITION 139
TABLE 100 TYPE FOOTPRINT FOR KEY PLAYERS 140
TABLE 101 VERTICAL FOOTPRINT FOR KEY PLAYERS 140
TABLE 102 REGION FOOTPRINT FOR KEY PLAYERS 141
9.4.1 COMPANY FOOTPRINT: KEY PLAYERS, 2023 142
FIGURE 32 COMPANY FOOTPRINT 142
9.5 COMPANY EVALUATION MATRIX 143
9.5.1 STARS 143
9.5.2 EMERGING LEADERS 143
9.5.3 PERVASIVE PLAYERS 143
9.5.4 PARTICIPANTS 143
FIGURE 33 PAYMENT GATEWAY MARKET: COMPANY EVALUATION MATRIX, 2023 144
9.6 STARTUP/SME EVALUATION MATRIX 145
9.6.1 PROGRESSIVE COMPANIES 145
9.6.2 RESPONSIVE COMPANIES 145
9.6.3 DYNAMIC COMPANIES 145
9.6.4 STARTING BLOCKS 145
FIGURE 34 PAYMENT GATEWAY MARKET: STARTUP/SME EVALUATION MATRIX 146
9.6.5 COMPETITIVE BENCHMARKING 147
TABLE 103 DETAILED LIST OF STARTUPS/SMES 147
TABLE 104 COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 148
9.7 COMPETITIVE SCENARIO AND TRENDS 149
9.7.1 PRODUCT LAUNCHES 149
TABLE 105 PAYMENT GATEWAY MARKET: PRODUCT LAUNCHES, JANUARY 2021-DECEMBER 2023 149
9.7.2 DEALS 150
TABLE 106 PAYMENT GATEWAY MARKET: DEALS, JANUARY 2021-SEPTEMBER 2023 150
9.8 PAYMENT GATEWAY PRODUCT BENCHMARKING 153
9.8.1 PROMINENT PAYMENT GATEWAY PLAYERS 153
FIGURE 35 COMPARATIVE ANALYSIS OF PROMINENT PAYMENT GATEWAY VENDORS 153
9.9 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY PROVIDERS 154
FIGURE 36 VALUATION AND FINANCIAL METRICS OF KEY PAYMENT GATEWAY VENDORS 154
10 COMPANY PROFILES 155
(Business overview, Products/Solutions/Services offered, Recent Developments, MNM view)*
10.1 MAJOR PLAYERS 155
10.1.1 PAYPAL 155
TABLE 107 PAYPAL: BUSINESS OVERVIEW 155
FIGURE 37 PAYPAL: COMPANY SNAPSHOT 156
TABLE 108 PAYPAL: PRODUCTS OFFERED 156
TABLE 109 PAYPAL: PRODUCT LAUNCHES 157
TABLE 110 PAYPAL: DEALS 158
TABLE 111 PAYPAL: EXPANSIONS 159
10.1.2 FISERV 161
TABLE 112 FISERV: BUSINESS OVERVIEW 161
FIGURE 38 FISERV: COMPANY SNAPSHOT 162
TABLE 113 FISERV: PRODUCTS OFFERED 162
TABLE 114 FISERV: PRODUCT LAUNCHES 163
TABLE 115 FISERV: DEALS 163
TABLE 116 FISERV: EXPANSIONS 165
10.1.3 STRIPE 167
TABLE 117 STRIPE: BUSINESS OVERVIEW 167
TABLE 118 STRIPE: PRODUCTS OFFERED 167
TABLE 119 STRIPE: PRODUCT LAUNCHES 168
TABLE 120 STRIPE: DEALS 168
TABLE 121 STRIPE: EXPANSIONS 170
10.1.4 VISA 171
TABLE 122 VISA: BUSINESS OVERVIEW 171
FIGURE 39 VISA: COMPANY SNAPSHOT 171
TABLE 123 VISA: PRODUCTS OFFERED 172
TABLE 124 VISA: DEALS 172
TABLE 125 VISA: EXPANSIONS 174
10.1.5 AMAZON 176
TABLE 126 AMAZON: COMPANY OVERVIEW 176
FIGURE 40 AMAZON: COMPANY SNAPSHOT 177
TABLE 127 AMAZON: PRODUCTS/SOLUTIONS/SERVICES OFFERED 177
TABLE 128 AMAZON: DEALS 178
10.1.6 MASTERCARD 180
TABLE 129 MASTERCARD: BUSINESS OVERVIEW 180
FIGURE 41 MASTERCARD: COMPANY SNAPSHOT 181
TABLE 130 MASTERCARD: PRODUCTS OFFERED 181
TABLE 131 MASTERCARD: PRODUCT LAUNCHES 182
TABLE 132 MASTERCARD: DEALS 183
10.1.7 FIS 186
TABLE 133 FIS: BUSINESS OVERVIEW 186
FIGURE 42 FIS: COMPANY SNAPSHOT 186
TABLE 134 FIS: PRODUCTS OFFERED 187
TABLE 135 FIS: PRODUCT LAUNCHES 187
TABLE 136 FIS: DEALS 188
TABLE 137 FIS: EXPANSIONS 190
10.1.8 BLOCK 191
TABLE 138 BLOCK: BUSINESS OVERVIEW 191
FIGURE 43 BLOCK: COMPANY SNAPSHOT 192
TABLE 139 BLOCK: PRODUCTS OFFERED 192
TABLE 140 BLOCK: PRODUCT LAUNCHES 193
TABLE 141 BLOCK: DEALS 193
TABLE 142 BLOCK: EXPANSIONS 194
10.1.9 GLOBAL PAYMENTS 195
TABLE 143 GLOBAL PAYMENTS: BUSINESS OVERVIEW 195
FIGURE 44 GLOBAL PAYMENTS: COMPANY SNAPSHOT 196
TABLE 144 GLOBAL PAYMENTS: PRODUCTS OFFERED 196
TABLE 145 GLOBAL PAYMENTS: DEALS 197
10.1.10 ADYEN 199
TABLE 146 ADYEN: BUSINESS OVERVIEW 199
FIGURE 45 ADYEN: COMPANY SNAPSHOT 200
TABLE 147 ADYEN: PRODUCTS OFFERED 200
TABLE 148 ADYEN: PRODUCT LAUNCHES 201
TABLE 149 ADYEN: DEALS 202
TABLE 150 ADYEN: EXPANSIONS 203
10.1.11 APPLE 204
TABLE 151 APPLE: BUSINESS OVERVIEW 204
FIGURE 46 APPLE: COMPANY SNAPSHOT 204
TABLE 152 APPLE: PRODUCTS OFFERED 205
10.1.12 J.P. MORGAN 206
TABLE 153 J.P. MORGAN: COMPANY OVERVIEW 206
FIGURE 47 J.P. MORGAN: COMPANY SNAPSHOT 207
TABLE 154 J.P. MORGAN CHASE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 207
TABLE 155 J.P. MORGAN CHASE: PRODUCT LAUNCHES 208
TABLE 156 J.P. MORGAN CHASE: DEALS 208
10.1.13 ALIBABA GROUP 209
TABLE 157 ALIBABA GROUP: COMPANY OVERVIEW 209
FIGURE 48 ALIBABA GROUP: COMPANY SNAPSHOT 210
TABLE 158 ALIBABA GROUP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 210
TABLE 159 ALIBABA GROUP: DEALS 210
10.1.14 RAZORPAY 211
10.1.15 PHONEPE 211
10.1.16 PAYSAFE 212
10.1.17 VERIFONE 212
11 COMPANY PROFILES 213
11.1 STARTUPS/SMES 213
11.1.1 FIDELITY PAYMENT SERVICES 213
11.1.2 EASEBUZZ 213
11.1.3 BLUESNAP 214
11.1.4 WINDCAVE 214
11.1.5 HELCIM 215
11.1.6 INFIBEAM AVENUES LIMITED (IAL) 215
11.1.7 NOWPAYMENTS 216
11.1.8 INSTAMOJO 216
11.1.9 COINGATE 217
?
11.1.10 IPPOPAY 217
11.1.11 PAYJUNCTION 218
11.1.12 LYRA NETWORK 218
12 ADJACENT/RELATED MARKETS 219
12.1 INTRODUCTION 219
12.2 DIGITAL PAYMENT MARKET 219
12.2.1 MARKET DEFINITION 219
12.2.2 MARKET OVERVIEW 219
12.3 SOLUTIONS 220
TABLE 160 DIGITAL PAYMENT MARKET, BY SOLUTION, 2018-2022 (USD MILLION) 220
TABLE 161 DIGITAL PAYMENT MARKET, BY SOLUTION, 2023-2028 (USD MILLION) 220
12.3.1 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE 221
TABLE 162 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2018-2022 (USD MILLION) 221
TABLE 163 DIGITAL PAYMENT MARKET, BY TRANSACTION TYPE, 2023-2028 (USD MILLION) 221
12.3.2 DIGITAL PAYMENT MARKET, BY PAYMENT MODE 221
TABLE 164 DIGITAL PAYMENT MARKET, BY PAYMENT MODE, 2018-2022 (USD MILLION) 222
TABLE 165 DIGITAL PAYMENT MARKET, PAYMENT MODE, 2023-2028 (USD MILLION) 222
12.3.3 DIGITAL PAYMENT MARKET, BY VERTICAL 222
TABLE 166 DIGITAL PAYMENT MARKET, BY VERTICAL, 2018-2022 (USD MILLION) 223
TABLE 167 DIGITAL PAYMENT MARKET, BY VERTICAL, 2023-2028 (USD MILLION) 223
12.3.4 DIGITAL PAYMENT MARKET, BY REGION 223
TABLE 168 DIGITAL PAYMENT MARKET, BY REGION, 2018-2022 (USD MILLION) 224
TABLE 169 DIGITAL PAYMENT MARKET, BY REGION, 2023-2028 (USD MILLION) 224
12.4 PAYMENT PROCESSING SOLUTIONS MARKET 224
12.4.1 MARKET DEFINITION 224
12.4.2 MARKET OVERVIEW 224
12.4.3 PAYMENT PROCESSING SOLUTIONS, BY PAYMENT METHOD 225
TABLE 170 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2018-2022 (USD MILLION) 225
TABLE 171 PAYMENT PROCESSING SOLUTIONS MARKET, BY PAYMENT METHOD, 2023-2028 (USD MILLION) 225
12.4.4 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL 226
TABLE 172 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2018-2022 (USD MILLION) 226
TABLE 173 PAYMENT PROCESSING SOLUTIONS MARKET, BY VERTICAL, 2023-2028 (USD MILLION) 226
12.4.5 PAYMENT PROCESSING SOLUTIONS MANAGEMENT MARKET, BY REGION 227
TABLE 174 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2018-2022 (USD MILLION) 227
TABLE 175 PAYMENT PROCESSING SOLUTIONS MARKET, BY REGION, 2023-2028 (USD MILLION) 227
13 APPENDIX 228
13.1 DISCUSSION GUIDE 228
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL 230
13.3 CUSTOMIZATION OPTIONS 232
13.4 RELATED REPORTS 232
13.5 AUTHOR DETAILS 233
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