Global Payment Gateways market is expected to reach 8539500 million US$ by the end of 2025

Global Payment Gateways market is expected to reach 8539500 million US$ by the end of 2025 QYRESEARCH FOCUS ON MARKET SURVEY AND RESEARCH

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• A 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.

• Payment Gateways have wide range of applications, such as Retail, Food & Beverages, Medicine & Cosmetics, etc. And Retail was the most widely used area which took up about 40.93% of the global total in 2016.

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The global Payment Gateways average cost is influenced by the global trend. The average cost will be in increasing trend if value expands. The Payment Gateways market size will reach about 2615.8 billion USD in 2017 from 715.1 billion USD in 2012 all around the world, with the CAGR of 29.61%.

Europe is the largest region of Payment Gateways in the world in the past few years and it will keep increasing in the next few years.

Europe market took up about 35.61% the global market in 2016, while Asia-Pacific and North America were about 30.54%, 25.05%.

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USA, Germany, UK, France, Canada, etc. are now the key developers of Payment Gateways. There are a few vendors to develop Payment Gateways in China, such as Alipay and Tenpay.

In 2017, the global Payment Gateways market size was 2569100 million US$ and it is expected to reach 8539500 million US$ by the end of 2025, with a CAGR of 16.2% between 2018 and 2025.

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