Top Players in the Global Payment Gateways Market

Technology & Media

Top Players in the Global Payment Gateways Market

The global payment gateways market size reached US$ 24.6 Billion in 2023. A payment gateway is a web-based application that serves as an intermediary between e-commerce platforms and banks to authenticate and authorize online transactions. It enables secure transmission of information from the user to the issuing bank by encrypting the sensitive information of consumers, such as bank account details, ATM, and credit card numbers. It also prevents fraudulent activities through the card verification value (CVV) and address verification system (AVS) and facilitates the purchase without the inconvenience of waiting in long queues.

As per the analysis by IMARC Group, the top payment gateways companies are engaging in mergers and acquisitions (M&A) and partnerships to expand their consumer base. For instance, PayPal Holding, Inc. partnered with UnionPay International (UPI), where both companies will work together to accelerate the growth of their networks. According to the agreement, PayPal has committed to supporting UPI acceptance globally, offering UnionPay cardholders more choice while shopping. Similarly, Stripe, Inc. announced the acquisition of Touchtech Payments, a startup that works with banks to help them manage the verification process. Looking forward, IMARC Group expects the market to reach US$ 42.4 Billion by 2032, exhibiting a growth rate (CAGR) of 6% during 2024-2032

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List of Top Companies and Providers in the Payment Gateways Industry:

Amazon Payments, Inc.

Establishment: 2007
Headquarters: Washington, United States

Amazon Payments, Inc. is one of the leading payment processing companies owned by Amazon. The firm offers services to consumers and businesses, including non-profit organizations, large enterprises, small and medium enterprises, and partners. It presently operates in 18 countries, including Austria, Cyprus, and India.

PayU Global B.V.

Establishment: 2006
Headquarters: Netherlands

PayU Global B.V is a subsidiary company of Naspers Group that is currently listed on the London and Johannesburg stock exchanges. The company provides services in around 18 countries, including Brazil, Poland, and Chile. In addition to providing advanced e-commerce payment solutions to global merchants, the company is also one of the world’s top global fintech investors and a leading provider of consumer credit solutions in emerging markets. It also offers other products such as payment buttons, platform plugins, Plug n Play SDK, payments on MS Excel, web checkout, and payouts.

Payoneer Inc.

Establishment: 2005
Headquarters: New York, United States

Payoneer Inc. is a leading financial services company that helps businesses and professionals to grow worldwide. It offers online money transfer and digital payment services to end users of different backgrounds, such as freelancers, e-commerce, and online advertising companies. With 1500 employees based in 21 global offices, the company provides solutions in both emerging and developed markets.

Paypal Holdings, Inc.

Establishment: 1998
Headquarters: California, United States

PayPal Holdings, Inc. is a multinational financial technology company operating in most countries that support online money transfers, and mobile payments and serves as an electronic alternative to conventional paper methods such as checks and money orders. The company provides payment solutions under the name PayPal, PayPal Credit, Venmo, Braintree, Xoom, and Paydiant that allows customers to utilize their accounts to purchase goods and transfer and withdraw funds. It also allows them to exchange funds with merchants using funding sources such as bank accounts, PayPal Credit accounts, PayPal account balance, credit and debit cards, or other stored value products.

Skrill Limited

Establishment: 2001
Headquarters: London, United Kingdom

Skrill Limited offers currency, online payments, direct payment processing, digital wallet recharge, and money transfer services. The firm offers customizable payment solutions to clients in the United Kingdom. It also serves numerous businesses worldwide by allowing them to send and receive money in nearly 200 countries and 40 currencies, thereby helping them build a global customer base. It also offers flexible payment solutions for betting, trading, shopping, and gaming.


Establishment: 2004
Headquarters: Hangzhou, China

Alipay is a third-party mobile, and online payment platform that offers its customers account transfer, repayment, payment, loans, money management, and other services. The company offers an e-wallet app that allows users to store credit or debit card details to make in-store and online purchases using their smartphones. At present, Alipay primarily conducts its business in China.

Stripe, Inc.

Establishment: 2009
Headquarters: Dublin, Ireland

Stripe, Inc. is a payment service provider that allows businesses to accept various payment methods, including debit and credit cards, mobile wallets, buy now, and pay letter options. The company primarily offers payment processing software and application programming interfaces for e-commerce websites and mobile applications. It also designs software for processing online credit and debit card payments. At present, Stripe provides services to all major countries, including Australia, Germany, and Austria.

Paytm Mobile Solution Pvt. Ltd.

Establishment: 2009
Headquarters: Uttar Pradesh, India

Paytm Mobile Solution Pvt. Ltd., a subsidiary of One97 Communications, is one of the leading digital payment gateways and digital wallets in India, which provides a host of payment services to consumers and businesses. It provides payment services, such as utility bill payments, mobile recharges, movies tickets, bus, train, and flight tickets, insurance, loan payments, and forex. The company has also recently launched a TAP to Pay Card, which uses near-field communication (NFC) technology to make a contactless payment.

Verifone Systems, Inc.

Establishment: 1981
Headquarters: California, United States

Verifone Systems, Inc. manufactures software and hardware for conducting non-cash transactions at gas pumps, cash registers, and on mobile and other devices. The company also sells consumer-facing, merchant-operated, and self-service payment systems to the retail, financial, hospitality, petroleum, government, and healthcare industries. Besides this, it provides training, installation, and other services worldwide.

Adyen N.V.

Establishment: 2006
Headquarters: Amsterdam, Netherlands

Adyen N.V. is a financial technology company that allows businesses to accept e-commerce, mobile, and point-of-sale payments. The Adyen platform allows businesses to accept payments, protect revenue, and control their finances in a single system. Recently, the company has launched its Terminal API that enables users to make payments, collect shopper information, issue refunds, and perform other shopper-terminal interactions using a payment terminal supplied by Adyen. Moreover, Adyen has 21 offices in Hong Kong and Berlin and has obtained licenses for Singapore, Hong Kong, Australia, and New Zealand.


About IMARC Group: IMARC Group is a leading market research and consulting company that offers management strategy and market research worldwide. The company has done multiple projects on the global payment gateways industry and regional the United States, India, GCC, Latin America, Europe, and the Asia Pacific, which has enabled the clients to set up and expand their businesses successfully. Some of the company’s offerings include:

  • Market Research
  • Plant setup
  • Plant Expansion
  • Marketing and sales
  • Procurement and Distribution
  • Innovation and Product Development

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