The Europe Payment Gateway Market would witness market growth of 21.5% CAGR during the forecast period (2021-2027).
The payments sector is still developing and evolving, with transactions, volume, and digital payments increasing all around the world. As they strive for a larger portion of the payment business, established suppliers of open and closed payments platforms faced increased rivalry in 2020. The availability of low cost internet and smart devices would accelerate the growth of the market.
Correspondent banking is also seen as a primary avenue for providing cross-border banking services, making it a profitable business for banks. The online payment gateway market in the region is predicted to increase significantly over the forecast period, owing to the rising adoption of mobile phones and cards as preferred modes of payment.
Because it is the front-end technology that sends client information to the merchant acquiring bank, which executes the transaction, the payment gateway is an integral aspect of the electronic payment processing system. Payment gateway systems are always improving to keep up with changing technological capabilities and consumer preferences. Earlier, credit cards with magnetic strips were accepted at terminals, and users had to sign paper signatures. The signature phrase could be replaced by a personal identification number (PIN) inserted directly into the payment gateway hardware as chip technologies advance. Contact less purchases are now possible, and many customers are opting to pay using their phones rather than conventional credit cards
The rising digitization of the financial industry is a crucial aspect i.e., positively influencing the success of the regional payment gateway market. Several big African banks are presently implementing various digital technologies to improve their clients' banking experiences. Furthermore, the growing count of internet banking customers is boosting the growth of the regional market. Payment gateway acceptance has accelerated in current years due to a change in customer preferences toward digital payment alternatives. Due to ongoing technological developments in these payment solutions, demand for them will continue to rise in the future years, enhancing the business picture.
The German FinTech market is the second largest in Europe and the fourth largest in the world. In between 2015 and 2019, the FinTech sector grew radically on an average. In 2019, Germany's FinTech acceptance rate mirrored that of the rest of the world, with over 64 percent of digital end consumers using FinTech services. These figures place Germany above the worldwide and European averages, making it Europe's second-most appealing FinTech market behind the United Kingdom. However, the United Kingdom's departure from the European Union in 2020, dubbed "Brexit," is predicted to have a long-term influence on the country's position as Europe's FinTech leader.
The Germany market dominated the Europe Payment Gateway Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $4,743.4 million by 2027. The UK market is experiencing a CAGR of 20.6% during (2021 - 2027). Additionally, The France market would witness a CAGR of 22.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Payment Gateway Market Size will Hit $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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe Payment Gateway Market, by Type
1.4.2 Europe Payment Gateway Market, by End Use
1.4.3 Europe Payment Gateway Market, by Enterprise Size
1.4.4 Europe 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. Europe Payment Gateway Market by Type
4.1 Europe Hosted Market by Country
4.2 Europe Non-hosted Market by Country
Chapter 5. Europe Payment Gateway Market by End-use
5.1 Europe Retail & E-commerce Market by Country
5.2 Europe BFSI Market by Country
5.3 Europe Travel & Hospitality Market by Country
5.4 Europe Media & Entertainment Market by Country
5.5 Europe Other End-use Market by Country
Chapter 6. Europe Payment Gateway Market by Enterprise Size
6.1 Europe Large Enterprises Market by Country
6.2 Europe Small & Medium Enterprises (SMEs) Market by Country
Chapter 7. Europe Payment Gateway Market by Country
7.1 Germany Payment Gateway Market
7.1.1 Germany Payment Gateway Market by Type
7.1.2 Germany Payment Gateway Market by End-use
7.1.3 Germany Payment Gateway Market by Enterprise Size
7.2 UK Payment Gateway Market
7.2.1 UK Payment Gateway Market by Type
7.2.2 UK Payment Gateway Market by End-use
7.2.3 UK Payment Gateway Market by Enterprise Size
7.3 France Payment Gateway Market
7.3.1 France Payment Gateway Market by Type
7.3.2 France Payment Gateway Market by End-use
7.3.3 France Payment Gateway Market by Enterprise Size
7.4 Russia Payment Gateway Market
7.4.1 Russia Payment Gateway Market by Type
7.4.2 Russia Payment Gateway Market by End-use
7.4.3 Russia Payment Gateway Market by Enterprise Size
7.5 Spain Payment Gateway Market
7.5.1 Spain Payment Gateway Market by Type
7.5.2 Spain Payment Gateway Market by End-use
7.5.3 Spain Payment Gateway Market by Enterprise Size
7.6 Italy Payment Gateway Market
7.6.1 Italy Payment Gateway Market by Type
7.6.2 Italy Payment Gateway Market by End-use
7.6.3 Italy Payment Gateway Market by Enterprise Size
7.7 Rest of Europe Payment Gateway Market
7.7.1 Rest of Europe Payment Gateway Market by Type
7.7.2 Rest of Europe Payment Gateway Market by End-use
7.7.3 Rest of Europe 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 Europe Payment Gateway Market, 2017 - 2020, USD Million
TABLE 2 Europe 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 Europe Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 8 Europe Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 9 Europe Hosted Market by Country, 2017 - 2020, USD Million
TABLE 10 Europe Hosted Market by Country, 2021 - 2027, USD Million
TABLE 11 Europe Non-hosted Market by Country, 2017 - 2020, USD Million
TABLE 12 Europe Non-hosted Market by Country, 2021 - 2027, USD Million
TABLE 13 Europe Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 14 Europe Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 15 Europe Retail & E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 16 Europe Retail & E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 17 Europe BFSI Market by Country, 2017 - 2020, USD Million
TABLE 18 Europe BFSI Market by Country, 2021 - 2027, USD Million
TABLE 19 Europe Travel & Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 20 Europe Travel & Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 21 Europe Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 22 Europe Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 23 Europe Other End-use Market by Country, 2017 - 2020, USD Million
TABLE 24 Europe Other End-use Market by Country, 2021 - 2027, USD Million
TABLE 25 Europe Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 26 Europe Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 27 Europe Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 28 Europe Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 29 Europe Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 30 Europe Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 31 Europe Payment Gateway Market by Country, 2017 - 2020, USD Million
TABLE 32 Europe Payment Gateway Market by Country, 2021 - 2027, USD Million
TABLE 33 Germany Payment Gateway Market, 2017 - 2020, USD Million
TABLE 34 Germany Payment Gateway Market, 2021 - 2027, USD Million
TABLE 35 Germany Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 36 Germany Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 37 Germany Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 38 Germany Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 39 Germany Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 40 Germany Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 41 UK Payment Gateway Market, 2017 - 2020, USD Million
TABLE 42 UK Payment Gateway Market, 2021 - 2027, USD Million
TABLE 43 UK Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 44 UK Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 45 UK Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 46 UK Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 47 UK Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 UK Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 France Payment Gateway Market, 2017 - 2020, USD Million
TABLE 50 France Payment Gateway Market, 2021 - 2027, USD Million
TABLE 51 France Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 52 France Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 53 France Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 54 France Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 55 France Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 France Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 Russia Payment Gateway Market, 2017 - 2020, USD Million
TABLE 58 Russia Payment Gateway Market, 2021 - 2027, USD Million
TABLE 59 Russia Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 60 Russia Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 61 Russia Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 62 Russia Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 63 Russia Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 Russia Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 Spain Payment Gateway Market, 2017 - 2020, USD Million
TABLE 66 Spain Payment Gateway Market, 2021 - 2027, USD Million
TABLE 67 Spain Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 68 Spain Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 69 Spain Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 70 Spain Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 71 Spain Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 72 Spain Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 73 Italy Payment Gateway Market, 2017 - 2020, USD Million
TABLE 74 Italy Payment Gateway Market, 2021 - 2027, USD Million
TABLE 75 Italy Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 76 Italy Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 77 Italy Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 78 Italy Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 79 Italy Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 80 Italy Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 81 Rest of Europe Payment Gateway Market, 2017 - 2020, USD Million
TABLE 82 Rest of Europe Payment Gateway Market, 2021 - 2027, USD Million
TABLE 83 Rest of Europe Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 84 Rest of Europe Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 85 Rest of Europe Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 86 Rest of Europe Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 87 Rest of Europe Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Rest of Europe 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.