QYR Market Research Global Payment Gateways market research | Page 3

QYResearch
• 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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