The North America Payment Gateway Market would witness market growth of 21.4% CAGR during the forecast period (2021-2027).
E-commerce firms are cooperating with payment service providers to serve customers and merchants with a digital payments infrastructure. Because merchants handle a huge volume of transactions, gateway systems have been integrated into their sales channels. For example, in July 2021, PayU, a payment gateway service provider, announced a partnership with WooCommerce, a customizable e-commerce platform, to deliver digital payment infrastructure and end-to-end digitization of business operations to WooCommerce businesses. This cooperation is anticipated to provide merchants with contactless payment solutions that will help them scale their growth and profitability, as well as exclusive transaction pricing and no hidden fees.
Many banks around the world are attempting to form agreements with payment gateway service providers to give customers and merchants real-time payment options. Yes Bank, for example, established a partnership with Amazon Web Services (AWS)) and Amazon Pay in November 2021 to provide a real-time payment system via the Unified Payment Interface (UPI) transaction capability. UPI supports inter-bank person-to-merchant and peer-to-peer network transactions using the Yes Bank digital payment platform as a result of this agreement.
Instant payments are prompting new client expectations and requirements in North America, as well as sparking new business possibilities for service providers. The payment environment is projected to be disrupted by new companies with the launch of open APIs and other technologies, and immediate payment can evolve as a viable alternative to conventional payment systems.
Banks are working hard to stay competitive, especially in light of the advent of FinTech and the regulatory push for system modernization. Because of the convenience and ease of use, customers are increasingly requesting fast payment-based overlay services. Increased use of fast payment systems in key economies, combined with FinTech growth and efforts, is projected to speed up transformation and assist initial adopter banks to stand out.
The US market dominated the North America Payment Gateway Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $19,171.9 million by 2027. The Canada market is poised to grow at a CAGR of 24.2% during (2021 - 2027). Additionally, The Mexico market would exhibit a CAGR of 23.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Payment Gateway Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Payment Gateway Market, by Type
1.4.2 North America Payment Gateway Market, by End Use
1.4.3 North America Payment Gateway Market, by Enterprise Size
1.4.4 North America 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. North America Payment Gateway Market by Type
4.1 North America Hosted Market by Country
4.2 North America Non-hosted Market by Country
Chapter 5. North America Payment Gateway Market by End-use
5.1 North America Retail & E-commerce Market by Country
5.2 North America BFSI Market by Country
5.3 North America Travel & Hospitality Market by Country
5.4 North America Media & Entertainment Market by Country
5.5 North America Other End-use Market by Country
Chapter 6. North America Payment Gateway Market by Enterprise Size
6.1 North America Large Enterprises Market by Country
6.2 North America Small & Medium Enterprises (SMEs) Market by Country
Chapter 7. North America Payment Gateway Market by Country
7.1 US Payment Gateway Market
7.1.1 US Payment Gateway Market by Type
7.1.2 US Payment Gateway Market by End-use
7.1.3 US Payment Gateway Market by Enterprise Size
7.2 Canada Payment Gateway Market
7.2.1 Canada Payment Gateway Market by Type
7.2.2 Canada Payment Gateway Market by End-use
7.2.3 Canada Payment Gateway Market by Enterprise Size
7.3 Mexico Payment Gateway Market
7.3.1 Mexico Payment Gateway Market by Type
7.3.2 Mexico Payment Gateway Market by End-use
7.3.3 Mexico Payment Gateway Market by Enterprise Size
7.4 Rest of North America Payment Gateway Market
7.4.1 Rest of North America Payment Gateway Market by Type
7.4.2 Rest of North America Payment Gateway Market by End-use
7.4.3 Rest of North America 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 North America Payment Gateway Market, 2017 - 2020, USD Million
TABLE 2 North America 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 North America Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 8 North America Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 9 North America Hosted Market by Country, 2017 - 2020, USD Million
TABLE 10 North America Hosted Market by Country, 2021 - 2027, USD Million
TABLE 11 North America Non-hosted Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Non-hosted Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 14 North America Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 15 North America Retail & E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Retail & E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 17 North America BFSI Market by Country, 2017 - 2020, USD Million
TABLE 18 North America BFSI Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Travel & Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Travel & Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Other End-use Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Other End-use Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 26 North America Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 27 North America Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Payment Gateway Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Payment Gateway Market by Country, 2021 - 2027, USD Million
TABLE 33 US Payment Gateway Market, 2017 - 2020, USD Million
TABLE 34 US Payment Gateway Market, 2021 - 2027, USD Million
TABLE 35 US Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 36 US Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 37 US Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 38 US Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 39 US Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 40 US Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 41 Canada Payment Gateway Market, 2017 - 2020, USD Million
TABLE 42 Canada Payment Gateway Market, 2021 - 2027, USD Million
TABLE 43 Canada Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 44 Canada Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 45 Canada Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 46 Canada Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 47 Canada Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Canada Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 Mexico Payment Gateway Market, 2017 - 2020, USD Million
TABLE 50 Mexico Payment Gateway Market, 2021 - 2027, USD Million
TABLE 51 Mexico Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 52 Mexico Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 53 Mexico Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 54 Mexico Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 55 Mexico Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 Mexico Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 Rest of North America Payment Gateway Market, 2017 - 2020, USD Million
TABLE 58 Rest of North America Payment Gateway Market, 2021 - 2027, USD Million
TABLE 59 Rest of North America Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 60 Rest of North America Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 61 Rest of North America Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 62 Rest of North America Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 63 Rest of North America Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 Rest of North America Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 Key Information – Visa, Inc.
TABLE 66 Key Information – PayPal Holdings, Inc.
TABLE 67 Key Information – BitPay, Inc.
TABLE 68 Key information – Stripe, inc.
TABLE 69 key information – JPMorgan Chase & Co.
TABLE 70 Key Information – Amazon.com, Inc.
TABLE 71 key information – Naspers LIMITED
TABLE 72 Key Information – VeriFone Holdings, Inc.
TABLE 73 Key Information – Adyen N.V.
TABLE 74 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.