The Europe payment gateways market is currently witnessing moderate growth. Payment gateways are service providers that act as intermediaries between e-commerce websites and banks by facilitating payment transactions. They deal with sensitive data, including credit card and bank account details, that need to be protected from fraudulent entities. Payment gateways use the HTTP protocol to complete the order submission that secures the personal information. They offer various benefits, such as a user-friendly interface, expense and loss management, and time efficiency.
The Europe payment gateways market is primarily driven by the rising use of mobile wallets and the advancements in mobile payment technology. Besides this, the adoption of cloud computing, artificial intelligence (AI) and the Internet of Things (IoT), and near field communications (NFC) has simplified the bill payment process by reducing the requirement for physical cards. Furthermore, the well-established retail e-commerce sector has benefited the market as there is a significant percentage of the European population engaged in online shopping. The use of payment gateways to collect money through preferred banks by customer, brick and mortar stores, and online retail platforms without compromising sensitive data is positively impacting the market. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the Europe payment gateways market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, application and mode of interaction.
Breakup by Application:
Breakup by Mode of Interaction:
Breakup by Country:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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