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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)

Region:Asia

Author(s):Vetturi Sundara Karthik

Product Code:KR893

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Published On

October 2019

Total pages

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About the Report

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 competition landscape. The report concludes with future projections in the global payment gateway market transaction value and analyst recommendations.

Global Payment Gateway Market Overview

The Global Payment Gateway Market was observed to be at 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. Penetration of smart phones and internet will drive the adoption of mobile payments, especially in emerging countries with 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 government for shifting to cashless payments has driven adoption of banking services and government initiatives that combine technology with traditional services. 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 alternate 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 payments 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 payments technology. Transportation and Government payments occupy second and third position respectively. With more governments relying on digital transfers of welfares and payments, development of national payments 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 global presence and high payment processingcapabilities. The competition stage is at growth stage with all major players leveraging global systems to partner with local payment methods to increase transaction value. Alipay for instance, has top position in China, and through PayTM, has presence in India. Adyen, has 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 requirement 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. Large working age population in emerging countries will assist in the adoption of mobile and online payment systems.

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

Products

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: 2019-2024

Companies

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)

Companies Covered:

First Data
Paypal
Worldpay
Adyen
Square
Alipay
GMO Pay
PayU
Ingenico
Authorize.net

1. Executive Summary

Global Payment Gateway Market Overview and Size

Global Payment Gateway Market Segmentation by Region

Global Payment Gateway Market Segmentation by End-User Industry

Global Payment Gateway Market Regulations

Global Payment Gateways Market Future Projections, 2019E-2024E

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Size and Modeling

Research Methodology

Macro-Economic Variables (Dependent and Independent Variables)

Limitations

Multifactor Based Sensitivity Analysis

Regression Matrix

Final Conclusion

3. Global Payment Gateway Industry Overview and Genesis

3.1. Asia Pacific Regional Scenario

Asia Pacific E-commerce and Payments Scenario

3.2. Middle East and Africa Regional Landscape for Payment Gateway

Middle East and Africa E-commerce and Payments Scenario

3.3. Europe Payments Gateways Landscape

Europe E-commerce and Payments Scenario

3.4. North America Payments Landscape

3.5. Latin America Payments Scenario

Latin America E-commerce and Payments Scenario

4. Value Chain of Global payment Gateway Services

Case of Transaction Failure

Analysis of Traditional Business Model

5. Payment Gateway Business Models Around The World

5.1. Unified Payments Interface – India

Benefits of UPI To Customers

Benefits of UPI to Merchants

Key Takeaways from UPI Business Model

5.2. National Payment Platform – Australia

Key Takeaways from Australia NPP

5.3. National Payment Gateway – Indonesia

5.4. Adyen – Europe

Traditional Business Model vs Alternative Business Model

Adyen’s Payment Processing for Nike

5.5. Stripe – United Kingdom

5.6. Mir – Russian Payment System

6. Global Payment Gateway Market Overview and Ecosystem

6.1. Global Payment Gateway Market Size by Transaction Value (USD Billion), 2014-2018

6.2. Global Payment Gateway Market Segmentation by Region, 2014-2018

6.3. Global Payment Gateways Market Segmentation By End-User Industry, 2018
Key Takeaways of End-User Segmentation

7. Competition Landscape of Global Payment Gateway Industry

7.1. Strengths and Weaknesses of Major Players in Global payment Gateway Industry

7.2. Global payment Gateway Industry Companies Market Share, 2018

7.3. Cross Comparison of Global Payment Gateway Companies

7.4. Heatmap of Companies in Global Payment Gateway Market

8. Company Profiles of Global Payment Gateway Industry Players

8.1. First Data

8.2. Worldpay

Process Flow of Worldpay

8.3. Paypal

8.4. Adyen

Adyen Business Model vs Traditional Business Model

8.5. Square, Inc.

Square End-User Infomration by GPV

Square Inc. Working Model

8.6. Ingenico

Ingenico Reporting Segment, 2018

8.7. Alipay

Business Model Description

8.8. GMO Pay

GMO pay Business Segments

GMO Pay Business Model

GMO Gateway Multi-Payment Services

8.9. PayU

8.10. Authorize.Net (Cybersource, Visa)

9. Decision Making Parameters for Selecting a Payment Gateway

10. Trends in Global Payment Gateway Industry

Open Banking

Application of Machine learning and Artificial Intelligence

Cross Border Payments

QR Code Deployment

Mergers and Acquisitions Along the Value CHain

Omni-Channel Payment Processing

11. Issues and Challenges in Global payment Gateway Industry

High Processing Fees

Chargeback Fraud

Gateway Architecture Problems

Hidden Fee Structure

12. Government regulations in Global payment Gateway Industry

Asia Pacific Payment Regulations

Middle East and Africa Regulations

North America and South America Regulations

13. Global Payment Gateway Market Future and Projections, 2019E-2024E

13.1. Global Payment Gateway Market Segmentation by Region, 2019-2024

13.2. Global Payment Gateway Market Segmentation by End-User Industry, 2019E-2024E

14. Analyst Recommendations

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