Payment Gateways Market 2017 to 2021 Global Research Report February 2017

The analysts forecast global payment gateways market to grow at a CAGR of 16.60% during the
period 2017-2021. This report covers the present scenario and the growth prospects of the global
payment gateways market for 2017-2021. To calculate the market size, the report considers the
revenue generated from subscription-based payment gateway services and transaction-based
payment gateway services to calculate the market size.
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Global Payment Gateways Market 2017-2021, has been prepared based on an in-depth market
analysis with inputs from industry experts. This report covers the market landscape and its growth
prospects over the coming years. The report also includes a discussion of the key vendors operating
in this market.
The following companies are the key players in the global payment gateways market: Amazon
Payments, CCBill, PayPal, and Stripe.
Other Prominent Vendors in the market are: PayDollar, MercadoPago, Authorize.Net, eWAY AU,
NAB Transact, e-Path, Merchant Warrior, SecurePay, ePay.bg, Moip, PagSeguro, Beanstream,
Moneris, Stripe, Alipay, Tenpay, 99Bill, PagosOnline, PayWay, ePay.dk, DIBS, PayPoint, Ogone,
Worldline by Atos, Ogone, Worldpay, SOFORT, NETBANX, Barclaycard ePDQ, PayU, CCAvenue,
Realex, GestPay, Epsilon, Paygent, iPay88, MOLPay, CashU, eWay NZ, iDEAL, Klarna, PesoPay,
Przelewy24, PayU.pl, PayU.ro, WebMoney, ROBOKASSA, QIWI, PayFast, MyGate, VCS, WebCash,
ServiRed, Certitrade, Payson, Sage Pay, Cardstream, GoCardless, SecureTrading, and eWay.co.uk.
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The study was conducted using an objective combination of primary and secondary information
including inputs from key participants in the industry. The report contains a comprehensive market
and vendor landscape in addition to a SWOT analysis of the key vendors.
Commenting on the report, an analyst said: "One trend in market is high adoption of cloud
computing. The deployment of cloud-based solutions is more cost-effective than the deployment of
on-premises solutions. Vendors provide cloud-based payment solutions for an annual subscription or
usage-based fee. In addition, the implementation of cloud-based solutions saves the costs
associated with the installation and upgradation of e-commerce software and payment gateway
add-ons. Cloud-based solutions are offered with easy-to-use applications and intuitive interfaces for
proper deployment."
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According to the report, one driver in market is focus on high customer satisfaction. The changing
demand of users and increasing prices of products and services have intensified the competition
between local and foreign players. Vendors are compelled to improve their competitive strategies to
provide quality customer service and achieve high customer satisfaction. Many e-tailing vendors are
coming up with innovative services such as the flexibility in placing orders through phone calls and
enabling different payment options using payment gateways. Different banks also collaborate with
retail vendors to provide attractive cashback offers to attract new customers and retain existing
users. E-commerce software also supports the growth of an organization by enhancing its online
presence in the marketplace and providing a competitive advantage through higher operational