Size, Share, Trends, Demand & Forecast to 2026 – The Host
According to the latest IMARC group report, entitled “India Payment Gateway Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026”, The Indian payment gateway market is expected to continue its strong growth during the forecast period (2021-2026).
A payment gateway refers to a service provider that acts as an interface between payment portals such as e-commerce websites and banks by facilitating payment transactions. This portal protects sensitive data, including card certification value (CVV) and credit card or bank account details, against fraudulent entities while completing the order submission with the HTTPS protocol that secures personal information. Payment gateways offer several advantages, such as user-friendly interface, saving time, and expense and loss management.
The Indian payment gateway market is mainly driven by the flourishing e-commerce industry and the constant evolution of payment methods, such as cash pooling, token systems and various cashless transactions. Additionally, the growing adoption of smartphones and tablets has resulted in a shift from traditional distribution channels to online shopping. In addition, the high internet connectivity and increasing use of mobile wallets supported by many advancements in mobile payment technologies are also increasing the market growth in the country. In addition, various banks are working with retailers to offer cash back programs or discounts to expand their customer base. In the coming years, increasing levels of urbanization as well as increasing integration of many advanced technologies, such as AI, IoT, cloud computing, etc., are expected to further boost the Indian market for payment gateways in the years to come.
Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
Some of the major players operating in the global payment gateway industry include Worldpay Group, WIRED CARD AG (WCAGY), Adyen, Allied Wallet, PayPal Holdings, Inc. (PYPL)
India Payment Gateway Market Analysis and Segmentation 2021-2026:
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The report has segmented the market on the basis of mode of interaction, application, and region.
Breakdown by application:
- Large companies
- Micro and small businesses
- Medium-sized companies
Breakdown by mode of interaction:
- Hosted payment gateways
- Pro / self-hosted payment gateways
- API / non-hosted payment gateways
- The local bank integrates
- Direct payment gateways
- Platform-based payment gateways
Breakdown by country:
- North India
- West and Central India
- South India
- Eastern india
For more information on this report, visit: https://bit.ly/3yb3dBS
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
If you want the latest primary and secondary data (2021-2026) with cost module, business strategy, distribution channel etc. Click on request a free sample report, the published report will be emailed to you in PDF format within 24-48 hours of receipt. full payment.
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