The United States payment gateways market is currently witnessing moderate growth. Payment gateways are web-based applications that act as intermediaries between various e-commerce websites and banks. They authorize and authenticate online transactions done by consumers from anywhere across the globe. They are used to encrypt sensitive information like credit card numbers and bank account details to secure the transmission of data from the customer to the issuing banks. Payment gateways are also useful in preventing fraud by providing Card Verification Value (CVV) and Address Verification System (AVS) while offering the facility to shop at any hour of the day without the inconvenience of waiting in long queues.
The United States payment gateways market is primarily driven by the increasing use of net banking. Besides this, various companies in the United States, such as Go URL, Cayan, Amazon Pay, PayPal gateway, Wells Fargo, and Chase Paymentech, are expanding their consumer base by providing various payment gateway services. Additionally, the increasing integration of payment gateways in the retail e-commerce sector has further propelled the market growth. Furthermore, there has been growing awareness among small and mid-level enterprises regarding the benefits of payment gateway deployment and the emergence of NFC-based payment technologies is catalyzing 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 United States 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 Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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