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Latest Study on Industrial Growth of Payment Gateway Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of the Payment Gateway market. The report contains different market predictions related to revenue size, production, CAGR, Consumption, gross margin, price, and other substantial factors. While emphasizing the key driving and restraining forces for this market, the report also offers a complete study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financial summary and SWOT analysis.

The Major Players Covered in this Report: Billdesk, PayTM, CCAvenue, MobiKwik, PayPal, and PayU

Payment Gateway Market Study guarantees you to remain / stay advised higher than your competition. With Structured tables and figures examining the Payment Gateway, the research document provides you a leading product, submarkets, revenue size and forecast to 2027. Comparatively is also classifies emerging as well as leaders in the industry. Click To get SAMPLE PDF of Payment Gateway Market (Including Full TOC, Table & Figures) @ https://www.htfmarketreport.com/sample-report/4137981-payment-gateway-market

A payment gateway is a medium that connects a merchant’s mobile application or website with the bank that verifies the details from the bank and transfers the transaction amount from a buyer’s bank account to the merchant’s bank account. Growing digital payment and transaction volumes are aiding the expansion and evolution of the payments industry.

Read Detailed Index of full Research Study at @ https://www.htfmarketreport.com/reports/4137981-payment-gateway-market

Market insights:

The payment gateway market in India was valued at INR 73 Bn in 2021. It is expected to expand at a CAGR of ~20.11% during the 2022 – 2027 period. Technological advancements such as internet banking and contactless payments, along with improved internet connectivity are aiding the growth of the payment gateway markets. UPI for peer-to-peer and peer-to-merchant transactions, such as, Bharat QR, AEPS, NETC, BBPS, and RuPay cards gained popularity during the COVID-19 pandemic and all these payment modes require the usage of payment gateways.

 

Market Influencers:

Rapid digitalization, promotion of cashless society by the government and subsequent adoption of cashless transactions in recent times, sustained innovations in digital payments are driving the growth of the market. However, lack of data security and trust, and of consolidation of payments across players are restricting the market growth.

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COVID-19 impact analysis:

In the wake of the pandemic, the National Payments Corporation of India (NPCI) encouraged customers and providers of critical services to adopt digital payment systems to ensure security, driving the market. Payment gateways are mostly used in sectors such as e-commerce, insurance, essentials, donation, online education, and media/entertainment during the pandemic. The usage of payment gateways witnessed negative impact in sectors such as travel, tourism, and hospitality. The pandemic also forced people to make online payment as home delivery of products increased and acceptance of cash decreased. Hence, people preferred mobile and UPI transactions that necessitated use of payment gateways.

Enquire for customization in Report @ https://www.htfmarketreport.com/enquiry-before-buy/4137981-payment-gateway-market

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