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It is estimated that the payment gateway market is expected to reach 10.24 trillion US$ in 2025, from 2.85 trillion US$ in 2018, with a CAGR of 20% during the forecast period.A payment gateway is an internet-based application that acts as an intermediary between an individual and the bank to authenticate online transactions.
To make sure that the information is transmitted in a secured manner from the customer to the issuing bank the sensitive information such as credit card number or bank account details are kept encrypted.
The payment gateway offers the liberty to the customers of making purchases at any hour of the day without the inconvenience of waiting in long queues in front of the ATMs.Get FREE Sample of this Report at https://www.intelmarketresearch.com/download-free-sample/4/global-payment-gateways-market Nowadays, companies are reshaping their revenue strategies by adopting the digital mode of payment.
This trend is set to increase in the upcoming days as more and more business firms are moving towards digitally based revenue strategy.
In addition to that, the usage of mobile wallet has become a convenient way of making the payment and has emerged as another major driver.At present, big companies are leading in the adoption and usage of the payment gateway methods in their business compared to that of small firms.
Large industry sectors like Retail, Food & Beverages, Medicine & Cosmetics, etc.
Payment gateway providers, also known as payment service/solution providers or payment processors, offer these virtual gateways for merchants and shoppers and connect them with the necessary third parties, usually the banks while handling the transactions.
These payment gateways have become so popular and important, as a result, most E-stores available in the market have already got integrated payment gateways in their system.
The payment gateways collect the information and provide the links to customers to complete their payments and deposit the money into the account of E-store owners.
Some popular payment gateways are: Stripe Due Paymill Billdesk Square Adyen Paypal YOUReSTORE can help you in building an E-store customized specifically for your business.
We also provide a cloud storage facility as a part of the package.
Our prices are pocket-friendly so, join us now and don’t miss the opportunity as it is the best time to make your online business a success.Visit our site to get more details: https://www.yourestore.in/
