A payment gateway is an e-commerce application that authorizes payments for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar businesses. It transmits Transaction information to Acquiring Banks and responses from Issuing Banks (such as whether a transaction is approved or declined). In other words, the transaction flows through the payment gateway, to the payments ecosystem, and should it be approved, will eventually make its way into the merchant account.
A payment gateway is a system connecting the merchant and the bank to facilitate online transactions. The term particularly refers to the server that transfers the customer's credit card information to the Internet Merchant Account for assessment.
China is the largest countries of Payment Gateways in the world in the past few years and it will keep increasing in the next few years. China market took up about 26.93% the global market in 2016, while USA and Europe were about 18.86%, 23.50%.
USA, Germany, UK, France, Canada, etc. are now the key developers of Payment Gateways. There are a few vendors to develop Payment Gateways in China, such as Alipay and Tenpay.

According to this study, over the next five years the Payment Gateways market will register a 18.1% CAGR in terms of revenue, the global market size will reach USD 6756700 million by 2024, from USD 2490200 million in 2019. In particular, this report presents the global revenue market share of key companies in Payment Gateways business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Payment Gateways market by product type, application, key companies and key regions.

This study considers the Payment Gateways value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Online Mode
Offline Mode
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Retail
Catering Industry
Medicine & Cosmetics
Other

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
PayPal
Stripe
Amazon Payments
Authorize.net
WorldPay
Adyen
CCBill
2Checkout
First Data
SecurePay
PayU
MOLPay
Paymill
GMO
Alipay
Tenpay
Ping++
Boleto
CashU
OneCard

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Payment Gateways market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Payment Gateways market by identifying its various subsegments.
Focuses on the key global Payment Gateways players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Payment Gateways with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Payment Gateways submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.