Global Payment Gateways Market to Grow at 7% During 2022-2027, Spurred by Technological Innovations

June 26, 2018

According to the recent report by IMARC Group, titled “Payment Gateways Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global payment gateways market size reached US$ 21.5 Billion in 2021. A payment gateway is a service provider that authorizes direct or credit card payments. It acts as an interface between payment portals like e-commerce websites and the acquiring bank. It is a secure portal that protects sensitive data like credit card or bank account details from fraudulent entities. The order submission gets completed by using the HTTPS protocol, which helps in securing personal information. There are several benefits of payment gateways, including expense and loss management, time efficiency, and user-friendly interface.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Payment Gateways Market Trends:

One of the major factors influencing the growth of the market is the increasing number of internet users worldwide. As a result of easy access to the internet, people are now adopting online retail channels and inclining toward contactless payments. Moreover, advancements in technology have led to the adoption of Artificial Intelligence (AI) and the Internet of Things (IoT), which have enabled businesses to make more informed decisions. Along with this, several retailers are incorporating contactless payment solutions like Near Field Communication (NFC) Point-Of-Sale (POS) terminals to facilitate mobile payments. Apart from this, the introduction of payment gateways like Amazon Pay, Samsung Pay, and Apple Pay has simplified the bill payment process by reducing the requirement for physical cards. Additionally, banks are collaborating with retail vendors to offer cashback schemes or discounts for retaining the existing customers, as well as attracting new customers. Furthermore, the launch of biometric payment cards with integrated fingerprint sensors is also creating a positive outlook for the market. On account of these factors, the market is expected to grow at a CAGR of 7% during 2022-2027.

Market Summary:

  • Based on the application, the market has been segregated into large, mid-size, and micro and small enterprises. Among these, large enterprises hold the majority of the total market share.
  • On the basis of the mode of interaction, the market has been categorized into local bank integrated, hosted, pro/self-hosted, direct, API/non-hosted, and platform-based payment gateways. Currently, hosted payment gateways exhibit a clear dominance in the market.
  • Region-wise, Asia Pacific represents the leading market, accounting for the majority of the global share. Other major regions are North America, Europe, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has been analyzed in the report, with some of the key players being Adyen, PayPal Holdings Inc., Worldpay Group PLC, Allied Wallet Ltd., and Wirecard AG.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

USA: +1-631-791-1145
Follow us on twitter : @imarcglobal

Global Payment Gateways Market to Grow at 7% During 2022-2027, Spurred by Technological Innovations
Select Licence Type

Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us

Phone: +1-631-791-1145


Phone: +91-120-433-0800


Phone: +44-753-713-2163


Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More