Vine Strategy review the online payment gateway market
The online payment gateway market is a rapidly growing industry, driven by the increasing adoption of e-commerce and digital payments according to Vine Strategy experts.
By: Vine Strategy
GANGNAM-GU, South Korea - Oct. 18, 2023 - PRLog -- According to Future Market Insights, the global online payment gateway market is expected to reach US$117.5 billion in 2023 and US$293.9 billion by 2033, at a CAGR of 9.6%. The growth of the online payment gateway market is being attributed to a number of factors, including:
By end-use, the market is segmented into e-commerce, travel and tourism, healthcare, and others. The e-commerce segment is the largest segment of the online payment gateway market, accounting for a significant share of the overall market revenue. The travel and tourism segment is also a growing segment of the market, as more and more people are booking their travel online. The healthcare segment is also growing, as more and more healthcare providers are accepting online payments.
The major players in the online payment gateway market include PayPal, Stripe, Adyen, Amazon Pay, and Authorize.net. These companies offer a variety of features and services to help merchants accept online payments securely and efficiently.
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