Asia-Pacific payment gateway Market - Opportunities & Forecast, 2020-2027


Posted September 9, 2020 by shaqibakram

Increasing internet penetration along with rising smartphone penetration and proliferation of digital banking are driving e-commerce sales across Asia-Pacific....

 
Growth Opportunities in the Asia-Pacific Payment Gateway market look promising over the forecast period. Surge in the number of online transactions coupled with technological advancements in mobile payments, emergence of new payment methods such as cash pooling and increased usage of mobile wallets are primarily driving the Asia-Pacific payment gateway market revenues towards USD 9,210 million by 2026.

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Increasing internet penetration along with rising smartphone penetration and proliferation of digital banking are driving e-commerce sales across Asia-Pacific, especially in China and India, thereby driving the payment gateway market, as more e-commerce sales will lead to more online transactions. Also, the rising importance of digital payments across the region as a result of several government initiatives is further propelling the growth of Asia-Pacific payment gateway market. The payment gateway is becoming popular as it provides real-time transaction processing, streamlined payments, process multiple-currency payments along with it reduces frequency and severity of credit card fraud and convenient to make payment. As the percentage of online sales are increasing, more and more companies are going online to be competitive and relevant. The companies are adopting payment gateways to allow their customers to make a purchase directly from their website to increase the overall customer experience.

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The Asia pacific payment gateway market is consolidated and major players in Asia Pacific payment gateway market are Alipay, Tenpay Payment Technology Co. Ltd., PayEase Inc., AsiaPay Limited, NTT Communications Ltd., Red Dot Payment Pte. Ltd., MOLPay Sdn Bhd, 2C2P, econtext Asia Limited, Stripe, CCAvenue and PayU Money among others.

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The Asia-Pacific payment gateway market has been segmented based on type, organization size, vertical, and key countries. Based on type, Asia-Pacific payment gateway market has been segmented into hosted payment gateway, non-hosted payment gateway. Based on organization size, the market has been segmented into small & medium enterprises and large enterprises. Based on vertical, market has been categorized as retail, travel & hospitality, financial services, utilities, education and others.

Key questions answered in this research report:

• At what pace is the Asia-Pacific payment gateway market growing worldwide? What will be the growth trend in future?
• What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the coming years?

• What are the countries revenue and forecast breakdowns? Which are the major countries revenue pockets for growth in Asia-Pacific payment gateway market?

• What are the various application areas and how they are poised to grow?

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Last Updated September 9, 2020