November 2, 2020

Asia-Pacific Payment Gateway Market Expected to Secure Notable Revenue Share During 2019-2026

The market report aims to provide an overview of the industry through detailed market segmentation. The report provides thorough information regarding the overview and scope of the market, along with the market drivers, restrains, and key trends. It covers both the quantitative and qualitative aspects of the industry in each region and country participating in the study.

Key Drivers of the Asia-Pacific Payment Gateway Market:

Growing internet penetration, followed by increasing smartphone penetration and proliferation of digital banking, boosts e-commerce sales across Asia-Pacific, particularly in China and India, are surging the growth of the payment gateway market, as more e-commerce sales will lead to more online transactions. Furthermore, the increasing importance of digital payments across the region due to various government initiatives is further fuelling the growth of the Asia-Pacific payment gateway market. The payment gateway is becoming popular as it offers real-time transaction processing, process multiple-currency payments, streamlined payments, decreases the frequency and severity of credit card fraud, and is convenient to make payment. As the percentage of online sales increases, many companies are going online to be competitive and relevant. The companies are adopting payment gateways to allow their customers to purchase directly from their website to raise the overall customer experience.

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This report splits the Asia-Pacific Payment Gateway Market as follows:

By Type:

  • Hosted payment gateway
  • Non-hosted payment gateway

By Organization Size:

  • Small & Medium Enterprises
  • Large Enterprises

By Vertical:

  • Retail
  • Travel & hospitality
  • Financial Services
  • Utilities
  • Education
  • Others

By Region:

  • North America
    • United States of America
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of the world (remaining countries of the LAMEA region)

Competitive Landscape:

The Asia-Pacific payment gateway market report also scans the competitive landscape and profiles the major players operating in the market, including AsiaPay Limited, Tenpay Payment Technology Co. Ltd., PayEase Inc., NTT Communications Ltd., Alipay, Red Dot Payment Pte. Ltd., MOLPay Sdn Bhd, econtext Asia Limited, Stripe, 2C2P, PayU Money, and CCAvenue, among others.

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