$42.9 Billion Payment Gateway Market - Global Growth, Trends, and Forecasts Report 2020-2025 - ResearchAndMarkets.com
Summary
A payment gateway allows any businesses, such as brick and mortar or online retailing, to collect money through the customers preferred bank without compromising on sensitive data. • Furthermore, mobile payments are utilized for diverse operations, including ordering takeaway food, movie tickets, and smartphone game upgrades, which is expected to propel the growth of the market studied, during the forecast period. • With the rising number of cyber attack cases and increasing online transaction volume, the industry players are revamping their platform to offer various layers of security. • Additionally, the COVID-19 outbreak drives the global growth of e-commerce sales, with millions of consumers in quarantine around the world shopping for goods, services, and entertainment online. Cashless economy, mobile banking, instant payments, digital commerce, and the growing impact of regulatory agencies are a few trends affecting the retail sector.