Global Online Payment Gateway market Transaction Volume is expected to reach 4138.9 billion USD by the end of 2023 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH
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An online payment gateway is a system connecting the merchant and the bank to facilitate online transactions. The term particularly refers to the server that transfers the customer’s credit card information to the Internet Merchant Account for assessment. Online payment gateways have wide range of applications, such as Micro and Small Enterprise, Large Enterprise, Mid- Sized Enterprise. And Micro and Small Enterprise was the most widely used area which took up about 61.09% of the global total in 2017.
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QYResearch The global online payment gateways average cost is influenced by the global trend. The average cost will be in increasing trend if value expands. The Online payment gateways market size will reach about 1896.1 billion USD in 2018 from 539.1 billion USD in 2013 all around the world, with the CAGR of 28.6%. China is the largest countries of online payment gateways in the world in the past few years and it will keep increasing in the next few years. China market took up about 18.97% the global market in 2017, while USA and Europe were about 15.86%, 15.72%.
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USA, Germany, UK, France, Canada, etc. are now the key developers of online payment gateways. There are a few vendors developing online payment gateways in China, such as Alipay and Tenpay. PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout, First Data, SecurePay, PayU, MOLPay, etc. are the key suppliers in the global Online payment gateways market. Top 5 took up more than 50% of the global market in 2017. PayPal, Stripe, Amazon Payments, Authorize.net, WorldPay, Adyen, CCBill, 2Checkout and First Data, etc. which have leading technology and market position, are well-known suppliers around the world. www.qyresearch.com www.qyresearch.com
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The global Online Payment Gateway market Transaction Volume is valued at 1562.7 billion USD in 2017 and is expected to reach 4138.9 billion USD by the end of 2023, growing at a CAGR of 17.63% between 2017 and 2023.
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