The Asia Pacific Payment Gateway Market would witness market growth of 22.9% CAGR during the forecast period (2021-2027).
Customers have gained more comfort as a result of the widespread use of low-cost communication technologies and faster Internet connections, which has resulted in a surge in the use of digital payments across South Asia and the Pacific. Banks and regulatory agencies have influenced the movement of payments to the digital realm, which can lower transaction costs for banks and, as a result, lower operational costs. Governments recognize that encouraging the use of digital payments can reduce concealed finances and improve commerce efficiency, resulting in faster GDP development.
Whether it's an in-store gateway or an online payment portal, the architecture of a payment gateway will change. Application programming interfaces (APIs) will be required by online payment gateways for the website in question to interact with the actual payment processing network. In-store payment gateways will use a POS terminal to connect to the payment processing network via an electronic link via a phone line or the Internet. A payment gateway differs from a payment processor, which links the customer's bank account to the merchant account and facilitates money flow. A payment gateway receives client information for payment and a payment processor utilities that information to communicate with the customer's bank and the merchant account, debiting one and crediting the other.
Because of the rise in smartphone users, Asia-Pacific is outpacing other regions in terms of online transaction adoption. According to the GSMA, mobile internet penetration in Asia is expected to reach 62 percent in 2025, up from 45 percent in 2018. Tencent and Alibaba, two Chinese behemoths, pioneered digital merchant payments and have played a key role in the Chinese economy's transition away from cash. Ali Pay and WeChat Pay, the firms' mobile payment systems, have quickly changed China's payment ecosystem. Mobile and digital wallets, such as Ali pay and We Chat Pay, now dominate China's internet industry and are driving physical shop growth.
Japan's populace is also noted for being early technological adopters. The Japanese are enthusiastic players in modern e-commerce and the creators of two important cashless payment technologies: QR codes and near-field communication (NFC). Credit cards are now the main means of payment for online transactions in the country. Furthermore, when it comes to e-commerce purchases, Indians prefer to use their digital/mobile wallets.
The China market dominated the Asia Pacific Payment Gateway Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $6,174.6 million by 2027. The Japan market is estimated to witness a CAGR of 22.1% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 23.6% during (2021 - 2027).
Based on Type, the market is segmented into Hosted and Non-hosted. Based on End Use, the market is segmented into Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Payment Gateway Market is Projected to reach USD 73.9 Billion by 2027, at a CAGR of 22%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Visa, Inc., PayPal Holdings, Inc., BitPay, Inc., Stripe, Inc., JPMorgan Chase & Co., Amazon.com, Inc., Naspers Limited, VeriFone Holdings, Inc., Adyen N.V., and Worldline.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End Use
- Retail & E-commerce
- BFSI
- Travel & Hospitality
- Media & Entertainment and
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Visa, Inc.
- PayPal Holdings, Inc.
- BitPay, Inc.
- Stripe, Inc.
- JPMorgan Chase & Co.
- Amazon.com, Inc.
- Naspers Limited
- VeriFone Holdings, Inc.
- Adyen N.V.
- Worldline
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Payment Gateway Market, by Type
1.4.2 Asia Pacific Payment Gateway Market, by End Use
1.4.3 Asia Pacific Payment Gateway Market, by Enterprise Size
1.4.4 Asia Pacific Payment Gateway Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Dec – 2022, Feb) Leading Players
Chapter 4. Asia Pacific Payment Gateway Market by Type
4.1 Asia Pacific Hosted Market by Country
4.2 Asia Pacific Non-hosted Market by Country
Chapter 5. Asia Pacific Payment Gateway Market by End-use
5.1 Asia Pacific Retail & E-commerce Market by Country
5.2 Asia Pacific BFSI Market by Country
5.3 Asia Pacific Travel & Hospitality Market by Country
5.4 Asia Pacific Media & Entertainment Market by Country
5.5 Asia Pacific Other End-use Market by Country
Chapter 6. Asia Pacific Payment Gateway Market by Enterprise Size
6.1 Asia Pacific Large Enterprises Market by Country
6.2 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country
Chapter 7. Asia Pacific Payment Gateway Market by Country
7.1 China Payment Gateway Market
7.1.1 China Payment Gateway Market by Type
7.1.2 China Payment Gateway Market by End-use
7.1.3 China Payment Gateway Market by Enterprise Size
7.2 Japan Payment Gateway Market
7.2.1 Japan Payment Gateway Market by Type
7.2.2 Japan Payment Gateway Market by End-use
7.2.3 Japan Payment Gateway Market by Enterprise Size
7.3 India Payment Gateway Market
7.3.1 India Payment Gateway Market by Type
7.3.2 India Payment Gateway Market by End-use
7.3.3 India Payment Gateway Market by Enterprise Size
7.4 South Korea Payment Gateway Market
7.4.1 South Korea Payment Gateway Market by Type
7.4.2 South Korea Payment Gateway Market by End-use
7.4.3 South Korea Payment Gateway Market by Enterprise Size
7.5 Singapore Payment Gateway Market
7.5.1 Singapore Payment Gateway Market by Type
7.5.2 Singapore Payment Gateway Market by End-use
7.5.3 Singapore Payment Gateway Market by Enterprise Size
7.6 Malaysia Payment Gateway Market
7.6.1 Malaysia Payment Gateway Market by Type
7.6.2 Malaysia Payment Gateway Market by End-use
7.6.3 Malaysia Payment Gateway Market by Enterprise Size
7.7 Rest of Asia Pacific Payment Gateway Market
7.7.1 Rest of Asia Pacific Payment Gateway Market by Type
7.7.2 Rest of Asia Pacific Payment Gateway Market by End-use
7.7.3 Rest of Asia Pacific Payment Gateway Market by Enterprise Size
Chapter 8. Company Profiles
8.1 Visa, Inc. (Authorize.Net)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.1 Recent strategies and developments:
8.1.1.1 Acquisition and Mergers:
8.2 PayPal Holdings, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 BitPay, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.4 Stripe, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Geographical Expansions:
8.5 JPMorgan Chase & Co. (Wepay, Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.6 Amazon.com, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Product Launches and Product Expansions:
8.6.5 SWOT Analysis
8.7 Naspers Limited (PayU Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.8 VeriFone Holdings, Inc. (Francisco Partners)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Adyen N.V.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.9.4.2 Product Launches and Product Expansions:
8.10. Worldline (Ingenico Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional and Segmental Analysis
TABLE 1 Asia Pacific Payment Gateway Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Payment Gateway Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Payment Gateway Market
TABLE 4 Product Launches And Product Expansions – Payment Gateway Market
TABLE 5 Acquisition and Mergers – Payment Gateway Market
TABLE 6 Geographical Expansions – Payment Gateway Market
TABLE 7 Asia Pacific Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Hosted Market by Country, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Hosted Market by Country, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Non-hosted Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Non-hosted Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Retail & E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Retail & E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific BFSI Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific BFSI Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Travel & Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Travel & Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Other End-use Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Other End-use Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Payment Gateway Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Payment Gateway Market by Country, 2021 - 2027, USD Million
TABLE 33 China Payment Gateway Market, 2017 - 2020, USD Million
TABLE 34 China Payment Gateway Market, 2021 - 2027, USD Million
TABLE 35 China Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 36 China Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 37 China Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 38 China Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 39 China Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 40 China Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 41 Japan Payment Gateway Market, 2017 - 2020, USD Million
TABLE 42 Japan Payment Gateway Market, 2021 - 2027, USD Million
TABLE 43 Japan Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 44 Japan Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 45 Japan Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 46 Japan Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 47 Japan Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Japan Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 India Payment Gateway Market, 2017 - 2020, USD Million
TABLE 50 India Payment Gateway Market, 2021 - 2027, USD Million
TABLE 51 India Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 52 India Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 53 India Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 54 India Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 55 India Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 India Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 South Korea Payment Gateway Market, 2017 - 2020, USD Million
TABLE 58 South Korea Payment Gateway Market, 2021 - 2027, USD Million
TABLE 59 South Korea Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 60 South Korea Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 61 South Korea Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 62 South Korea Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 63 South Korea Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 South Korea Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 Singapore Payment Gateway Market, 2017 - 2020, USD Million
TABLE 66 Singapore Payment Gateway Market, 2021 - 2027, USD Million
TABLE 67 Singapore Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 68 Singapore Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 69 Singapore Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 70 Singapore Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 71 Singapore Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 72 Singapore Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 73 Malaysia Payment Gateway Market, 2017 - 2020, USD Million
TABLE 74 Malaysia Payment Gateway Market, 2021 - 2027, USD Million
TABLE 75 Malaysia Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 76 Malaysia Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 77 Malaysia Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 78 Malaysia Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 79 Malaysia Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 80 Malaysia Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 81 Rest of Asia Pacific Payment Gateway Market, 2017 - 2020, USD Million
TABLE 82 Rest of Asia Pacific Payment Gateway Market, 2021 - 2027, USD Million
TABLE 83 Rest of Asia Pacific Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 84 Rest of Asia Pacific Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 85 Rest of Asia Pacific Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 86 Rest of Asia Pacific Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 87 Rest of Asia Pacific Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Rest of Asia Pacific Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 89 Key Information – Visa, Inc.
TABLE 90 Key Information – PayPal Holdings, Inc.
TABLE 91 Key Information – BitPay, Inc.
TABLE 92 Key information – Stripe, inc.
TABLE 93 key information – JPMorgan Chase & Co.
TABLE 94 Key Information – Amazon.com, Inc.
TABLE 95 key information – Naspers LIMITED
TABLE 96 Key Information – VeriFone Holdings, Inc.
TABLE 97 Key Information – Adyen N.V.
TABLE 98 Key Information – Worldline
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Dec – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: Stripe, Inc.
FIG 6 Recent strategies and developments: Amazon.com, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Naspers Limited
FIG 9 Recent strategies and developments: Adyen N.V.