U.S. Payment Gateway Market Overview, Trends, Opportunities, Growth and Forecast by 2026 – Ripon College Days
The US payment gateway market is expected to continue its moderate growth during the forecast period (2021-2026), according to the latest report from IMARC group.
Payment gateways refer to web applications that act as an interface between various e-commerce websites and banks and facilitate payment transactions. They use the HTTP protocol to encrypt sensitive information such as credit card numbers and bank details to secure the transmission of credentials from payer to payee. Payment gateways offer the ability to make purchases at any time of the day without the inconvenience of waiting in long queues and offer a user-friendly interface.
Note: We regularly track the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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The payment gateway market in the United States is mainly propelled by the expansion of the e-commerce sector as well as the increase in the disposable income levels of consumers. Additionally, payment gateways help organizations, such as brick-and-mortar stores and online retail platforms, collect money without compromising sensitive data. Additionally, the increasing adoption of Internet of Things (IoT), Artificial Intelligence (AI), cloud computing, and Near Field Communications (NFC) has simplified the process of paying bills by minimizing the need physical cards.
Additionally, various leading companies in the United States are expanding their consumer base by offering various cashback programs, rebates, rebates, etc., to expand their customer base, which will continue to further drive the payment gateway market in the years to come.
Some of the major players operating in the global payment gateway industry include Worldpay Group, WIRED CARD AG (WCAGY), Adyen, Allied Wallet, PayPal Holdings, Inc. (PYPL)
Analysis and segmentation of the payment gateway market in the United States 2021-2026:
The report has segmented the market based on mode of interaction, application, and region.
Breakdown by application:
- Large companies
- Micro and small enterprises
- Medium-sized companies
Breakdown by mode of interaction:
- Hosted payment gateways
- Pro/self-hosted payment gateways
- APIs/non-hosted payment gateways
- Integrate local bank
- Direct payment gateways
- Platform based payment gateways
Breakdown by country:
For more information on this report, visit: https://bit.ly/3tP2R0y
As the novel coronavirus (COVID-19) crisis engulfs the world, we continuously monitor changes in markets, as well as consumer behaviors in the industry around the world and our estimates on the latest market trends and forecasts are made. after considering the impact of this pandemic.
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