Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Asia-Pacific Payment Gateway market is expected to grow at a healthy CAGR of 13.1% from 2019-2026


Asia-Pacific Payment

iCrowdNewswire   Nov 20, 20191:00 PM ET

Growth Opportunities in the Asia-Pacific Payment Gateway market look promising over the forecast period. Surge in the number of online transactions coupled with technological advancements in mobile payments, emergence of new payment methods such as cash pooling and increased usage of mobile wallets are primarily driving the Asia-Pacific payment gateway market revenues towards USD 8,304 million by 2026.

 

Request Sample Report : https://www.gmiresearch.com/report/asia-pacific-apac-payment-gateway-market/sample-request

 

Increasing internet penetration along with rising smartphone penetration and proliferation of digital banking are driving e-commerce sales across Asia-Pacific, especially in China and India, thereby driving the payment gateway market, as more e-commerce sales will lead to more online transactions. Also, the rising importance of digital payments across the region as a result of several government initiatives is further propelling the growth of Asia-Pacific payment gateway market. The payment gateway is becoming popular as it provides real-time transaction processing, streamlined payments, process multiple-currency payments along with it reduces frequency and severity of credit card fraud and convenient to make payment. As the percentage of online sales are increasing, more and more companies are going online to be competitive and relevant. The companies are adopting payment gateways to allow their customers to make a purchase directly from their website to increase the overall customer experience.

 

Asia-pacific payment gateway Market India China Japan

 

https://www.gmiresearch.com/report/asia-pacific-apac-payment-gateway-market/

 

Hosted payment gateway held the maximum revenue share in 2018 and is expected to dominate the market during the forecast period due to several advantages associated with it, including quick & easy implementation, reduced liability on the merchant, and enhanced compatibility coupled with additional data security. In addition, hosted payment gateways are being highly adopted owing to its high-speed website integration.

 

Large enterprises segment accounted for the maximum revenue share in 2018 due to the large number of transactions and high value per transaction coupled with a rise in adoption of advanced technologies such as artificial intelligence for payment gateway. Small & medium enterprises are projected to grow at the fastest CAGR% in the forecast period during 2019-2026 as more and more small and mid-size businesses are moving to online sales.

 

Retail segment held the largest market share in 2018 and is expected to grow at the highest CAGR% during the forecast period as consumer are buying more products online. Brick and mortar retailer is moving online to increase revenues and be competitive.

 

China dominated the Asia-Pacific payment gateway market in 2018 owing to its sheer size of e-commerce market. In 2017, it was the third-largest e-commerce market by sales in the world. Increasing consumer preference towards online purchases is increasing the number of online transactions, eventually propelling the demand for payment gateways in the country. India is projected to grow at the highest CAGR during the forecast period owing to increase in penetration of internet and smartphone along with various government initiative to promote digital payments and the growth of mobile payments such as UPI, BHIM, etc.

 

The Asia pacific payment gateway market is consolidated and major players in Asia Pacific payment gateway market are Alipay, Tenpay, PayEase, AsiaPay, NTT Com Asia, PaySec, Red Dot Payment, MOLPay, 2C2P, econtext Asia, Stripe, CCAvenue and PayU Money among others.

The Asia-Pacific payment gateway market has been segmented based on type, organization size, vertical, and key countries. Based on type, Asia-Pacific payment gateway market has been segmented into hosted payment gateway, non-hosted payment gateway. Based on organization size, the market has been segmented into small & medium enterprises and large enterprises. Based on vertical, market has been categorized as retail, travel & hospitality, BFSI, utilities, education and others.

 

 

Key questions answered in this research report:

Market Segmentation

 

By Type

By Organization Size

By Vertical

By Country

As a part of the free 25% customization

As a part of the free 25% customization

 

As a part of the free 25% customization

As a part of the free 25% customization

As a part of the free 25% customization

As a part of the free 25% customization

 

About GMI Research 

 

GMI Research is a market research and consulting firm which provides research-based solutions to business executives and investment professionals so that they can make right business & investment decisions faster based on real facts. We help business leaders through independent fact-based insight, ensuring their business achieve success by beating the competition.

 

GMI Research leverages its industry expertise and experience to identify the industry trends, big opportunities and potential growth areas across industries. Our Syndicated reports provide actionable insights and covers industry trends, market drivers & restraints, macroeconomic factors, market estimates & forecasts, competitive landscape etc. which helps our clients to strengthen its market position by deploying specific strategies and actions that will lead to higher growth.

 

Our Customized Research (Market Intelligence and Competitive Intelligence) Offerings

 

Our clients rely on us for the range of our services to give them the intelligence they need to act decisively. GMI Research offers in-depth market and competitive intelligence solutions by leveraging its industry knowledge and experience to provide accurate insights with a complete picture of the market and competition. To know more about our product offering click on the below link:

 

https://www.gmiresearch.com/productservices/marketcompetitiveintelligence.html

 

Our Company Profile Solution

 

Company Profiles provide an insight on competitors, customers, and potential suppliers. We at GMI Research understands that the standard or on shelf company profiles provides little help when it comes to business decision making as it doesn’t cover the information required by the clients.

We have developed a range of company profiles solution to meet our client’s specific business requirements irrespective of their role and the industry they operate in. Our company profiles solutions fit into our client’s business requirements because it provides our client’s with a broader choice of profiles:

https://www.gmiresearch.com/productservices/companyprofiles.html

 

India Entry Strategy:

 

If Indian market is on your radar and you want it to be a part of your expansion strategy, you need a consulting firm that has deep roots and has a solid understanding of the market as the Indian market is complex for local companies and too complex for international companies. As there are number of factors that will influence your India entry strategy, GMI Research with its deep understanding of the market can help to formulate an India entry strategy and support you in every step from identifying the total addressable market size, valuable insights on competition, to figure out the right entry strategy whether to set up a greenfield plant or to enter via other strategies and to identifying and set up a distribution network.

 

Entering India by setting up a greenfield manufacturing plant has its own share of challenges such as red tape, too many regulations, confusing land laws, uncertainty in raw material supply, labor issues, and others. Market complication, along with too many regulations, requires the help of India entry strategy consultants. GMI Research with local presence and its expertise in analyzing the potential market opportunity, strategy execution, and deal structuring should be your preferred partner of choice for India entry strategy implementation:

https://www.gmiresearch.com/india-entry-strategy/



Contact Information:

enquiry@gmiresearch.com






Keywords:    Asia-Pacific payment gateway Market, Hosted payment gateway, Non-hosted payment gateway, Retail, Travel, Hospitality, Financial Services, Utilities, Education, India, China, Japan, Korea

Tags:    Extended Distribution, Research Newswire, English