US & India Online Payment Gateway Market Research Report Forecast to 2030

Online payments have become a routine for individuals as it is convenient to make transactions online. The increased popularity of online shopping among individuals has risen the need for secure, fast, and enhanced payment solutions to offer a smooth flow of transactions. Moreover, online payments are anonymous and are difficult to verify resulting in fraudulent transactions that can lead to security breaches in the system. Authorization and tokenization of entities have become a necessity to ensure smooth, error-less transactions. Thus, payment gateways have become an important part and parcel of secure online payments.

A payment gateway is an intermediary entity that connects merchants' and customers' bank accounts for transaction processes. Payment gateways provide a convenient payment platform for businesses for e-commerce. Technological advancements in encryption methods have provided these payment platforms with secure transmission of data resulting into the prevention of fraudulent transactions.

Digitization has played a major role in the adoption of online payment system by individuals. Promoting cashless transactions for payments of smaller denominations has risen the need for quick and enhanced payment platforms which are relatively secure. The major driver fueling the growth of online payment gateways is the increased usage of card payments by individuals for transactions. However, security concerns regarding online payments is still refraining the growth of online payment gateway market. This has become a major area of concern for service providers as data needs to be highly encrypted. Additionally, authentication of identities from both merchant's and customer's end is necessary to process smooth flow of transaction processes.

Market Segmentation

US & India Online Payment Gateway Market is classified in terms of Type, Application, and industry.

Regional Analysis

In terms of regions, the online payment gateway market is divided into US and India. The market in the US is the largest in 2021 and the market of India is expected to grow with the highest CAGR of 15.8% during the forecast period 2022 to 2030.

Major Players

The major players in the online payment gateway market providing online payment platforms across the globe include PayPal Holdings, Inc., Stripe, 2Checkout, Amazon.com, Inc., PaySimple, SecurePay, Braintree, DigiPay, and BlueSnap.

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY

1.1 MARKET ATTRACTIVENESS ANALYSIS

2 MARKET INTRODUCTION

2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE

3 RESEARCH METHODOLOGY

4 MARKET DYNAMICS

4.1 INTRODUCTION
4.2 DRIVERS
- 4.2.1 INCREASING DIGITAL PAYMENT TRANSACTIONS IN E-COMMERCE AND M-COMMERCE
- 4.2.2 NEED FOR USER-FRIENDLY METHODS FOR ONLINE PAYMENTS AND RESERVATIONS
- 4.2.3 DRIVERS IMPACT ANALYSIS
4.3 RESTRAINTS
- 4.3.1 SECURITY CONCERNS REGARDING ONLINE PAYMENT
- 4.3.2 RESTRAINTS IMPACT ANALYSIS
4.4 OPPORTUNITY
- 4.4.1 GROWING USE OF SMARTPHONES FOR ONLINE PAYMENTS
4.5 IMPACT OF COVID-19
- 4.5.1 IMPACT OF COVID-19 ON IT & TELECOM INDUSTRY
- 4.5.2 IMPACT ON COVID-19 ON BUSINESSES ACROSS VARIOUS INDUSTRY VERTICALS
- 4.5.3 IMPACT ON DEMAND FROM EMERGING ECONOMIES

5 MARKET FACTOR ANALYSIS

5.1 VALUE CHAIN ANALYSIS
- 5.1.1 PAYMENT PLATFORM DEVELOPERS
- 5.1.2 SYSTEM INTEGRATORS
- 5.1.3 SERVICE PROVIDERS
- 5.1.4 END USERS
5.2 PORTER'S FIVE FORCES MODEL
- 5.2.1 THREAT OF NEW ENTRANTS
- 5.2.2 BARGAINING POWER OF SUPPLIERS
- 5.2.3 THREAT OF SUBSTITUTES
- 5.2.4 BARGAINING POWER OF BUYERS
- 5.2.5 INTENSITY OF RIVALRY

6 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY TYPE

6.1 OVERVIEW
6.2 HOSTED PAYMENT GATEWAYS
6.3 API/NON-HOSTED PAYMENT GATEWAYS
6.4 PRO/SELF-HOSTED PAYMENT GATEWAYS
6.5 LOCAL BANK INTEGRATES
6.6 DIRECT PAYMENT GATEWAYS
6.7 PLATFORM-BASED PAYMENT GATEWAY SOLUTION
- 6.7.1 ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030

7 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION

7.1 OVERVIEW
7.2 MICRO AND SMALL ENTERPRISES
7.3 MID-SIZE ENTERPRISES
7.4 LARGE ENTERPRISES
- 7.4.1 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030

8 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY

8.1 OVERVIEW
8.2 BFSI
8.3 RETAIL & E-COMMERCE
8.4 MEDIA & ENTERTAINMENT
8.5 TRAVEL & HOSPITALITY
8.6 OTHERS.
- 8.6.1 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030

9 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY

9.1 OVERVIEW
9.2 US
- 9.2.1 US: ONLINE PAYMENT GATEWAY MARKET SHARE, BY TYPE, 2018-2030 (USD MILLION)
- 9.2.2 US: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030
- 9.2.3 US: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030
9.3 INDIA
- 9.3.1 INDIA: ONLINE PAYMENT GATEWAY MARKET SHARE, BY TYPE, 2018-2030 (USD MILLION)
- 9.3.2 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030
- 9.3.3 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030

10 COMPETITIVE LANDSCAPE

10.1 COMPETITIVE BENCHMARKING
10.2 VENDOR SHARE ANALYSIS
10.3 RECENT DEVELOPMENTS
- 10.3.1 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS
- 10.3.2 BUSINESS EXPANSIONS/ACQUISITIONS
- 10.3.3 PRODUCT LAUNCHES/DEVELOPMENTS

11 COMPANY PROFILES

11.1 PAYPAL HOLDINGS, INC.
- 11.1.1 COMPANY OVERVIEW
- 11.1.2 FINANCIAL OVERVIEW
- 11.1.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.1.4 KEY DEVELOPMENTS
- 11.1.5 SWOT ANALYSIS
- 11.1.6 KEY STRATEGIES
11.2 AUTHORIZE.NET.
- 11.2.1 COMPANY OVERVIEW
- 11.2.2 FINANCIAL OVERVIEW
- 11.2.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.2.4 KEY DEVELOPMENTS
- 11.2.5 SWOT ANALYSIS
- 11.2.6 KEY STRATEGIES
11.3 STRIPE, INC.
- 11.3.1 COMPANY OVERVIEW
- 11.3.2 FINANCIAL OVERVIEW
- 11.3.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.3.4 KEY DEVELOPMENTS
- 11.3.5 SWOT ANALYSIS
- 11.3.6 KEY STRATEGIES
11.4 VERIFONE
- 11.4.1 COMPANY OVERVIEW
- 11.4.2 FINANCIAL OVERVIEW
- 11.4.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.4.4 KEY DEVELOPMENTS
- 11.4.5 SWOT ANALYSIS
- 11.4.6 KEY STRATEGIES

11.5 AMAZON PAY (AMAZON.COM, INC)
- 11.5.1 COMPANY OVERVIEW
- 11.5.2 FINANCIAL OVERVIEW
- 11.5.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.5.4 KEY DEVELOPMENTS
- 11.5.5 SWOT ANALYSIS
- 11.5.6 KEY STRATEGIES
11.6 PAYSIMPLE
- 11.6.1 COMPANY OVERVIEW
- 11.6.2 FINANCIAL OVERVIEW
- 11.6.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.6.4 KEY DEVELOPMENTS
- 11.6.5 SWOT ANALYSIS
- 11.6.6 KEY STRATEGIES
11.7 BLUESNAP INC.
- 11.7.1 COMPANY OVERVIEW
- 11.7.2 FINANCIAL OVERVIEW
- 11.7.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.7.4 KEY DEVELOPMENTS
- 11.7.5 SWOT ANALYSIS
- 11.7.6 KEY STRATEGIES
11.8 GLOBAL PAYMENTS INC.
- 11.8.1 COMPANY OVERVIEW
- 11.8.2 FINANCIAL OVERVIEW
- 11.8.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.8.4 KEY DEVELOPMENTS
- 11.8.5 SWOT ANALYSIS
- 11.8.6 KEY STRATEGIES
11.9 WORLDPAY BY FIS
- 11.9.1 COMPANY OVERVIEW
- 11.9.2 FINANCIAL OVERVIEW
- 11.9.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.9.4 KEY DEVELOPMENTS
- 11.9.5 SWOT ANALYSIS
- 11.9.6 KEY STRATEGIES

11.10 CCBILL, LLC.
- 11.10.1 COMPANY OVERVIEW
- 11.10.2 FINANCIAL OVERVIEW
- 11.10.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.10.4 KEY DEVELOPMENTS
11.11 FIRST DATA CORP (FISERV, INC)
- 11.11.1 COMPANY OVERVIEW
- 11.11.2 FINANCIAL OVERVIEW
- 11.11.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.11.4 KEY DEVELOPMENTS
- 11.11.5 SWOT ANALYSIS
- 11.11.6 KEY STRATEGIES
11.12 INFIBEAM AVENUES
- 11.12.1 COMPANY OVERVIEW
- 11.12.2 FINANCIAL OVERVIEW
- 11.12.3 PRODUCTS/SOLUTIONS/SERVICES OFFERED
- 11.12.4 KEY DEVELOPMENTS
- 11.12.5 SWOT ANALYSIS
- 11.12.6 KEY STRATEGIES

LIST OF TABLES

TABLE 1 MARKET SYNOPSIS 13
TABLE 2 ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030 (USD MILLION) 33
TABLE 3 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 35
TABLE 4 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030 (USD MILLION) 38
TABLE 5 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY, 2018-2030 (USD MILLION) 40
TABLE 6 US: ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030 (USD MILLION) 41
TABLE 7 US: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 42
TABLE 8 US: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030 (USD MILLION) 43
TABLE 9 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030 (USD MILLION) 44
TABLE 10 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 45
TABLE 11 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030 (USD MILLION) 46
TABLE 12 PARTNERSHIPS/AGREEMENTS/CONTRACTS/COLLABORATIONS 49
TABLE 13 BUSINESS EXPANSIONS/ACQUISITIONS 51
TABLE 14 PRODUCT LAUNCHES/DEVELOPMENTS 52
TABLE 15 PAYPAL HOLDINGS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 54
TABLE 16 PAYPAL HOLDINGS, INC.: KEY DEVELOPMENTS 55
TABLE 17 AUTHORIZE.NET: PRODUCTS/SOLUTIONS/SERVICES OFFERED 58
TABLE 18 STRIPE, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 59
TABLE 19 STRIPE, INC.: KEY DEVELOPMENTS 59
TABLE 20 VERIFONE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 61
TABLE 21 VERIFONE: KEY DEVELOPMENTS 61
TABLE 22 AMAZON.COM, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 64
TABLE 23 AMAZON.COM, INC: KEY DEVELOPMENTS 65
TABLE 24 PAYSIMPLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED 68
TABLE 25 PAYSIMPLE: KEY DEVELOPMENTS 68
TABLE 26 BLUESNAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED 70
TABLE 27 BLUESNAP: KEY DEVELOPMENTS 70
TABLE 28 GLOBAL PAYMENTS INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 73
TABLE 29 GLOBAL PAYMENTS INC.: KEY DEVELOPMENTS 73
TABLE 30 FIS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 76
TABLE 31 FIS: KEY DEVELOPMENTS 77
TABLE 32 CCBILL, LLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 78
TABLE 33 FISERV, INC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 80
TABLE 34 FISERV, INC: KEY DEVELOPMENTS 81
TABLE 35 INFIBEAM AVENUES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 83
TABLE 36 INFIBEAM AVENUES: KEY DEVELOPMENTS 83

LIST OF FIGURES

FIGURE 1 MARKET ATTRACTIVENESS ANALYSIS: US & INDIA ONLINE PAYMENT GATEWAY MARKET 13
FIGURE 2 US & INDIA ONLINE PAYMENT GATEWAY MARKET: STRUCTURE 14
FIGURE 3 BOTTOM-UP AND TOP-DOWN APPROACHES 19
FIGURE 4 MARKET DYNAMIC ANALYSIS OF THE US & INDIA ONLINE PAYMENT GATEWAY MARKET 22
FIGURE 5 DRIVERS IMPACT ANALYSIS: US & INDIA ONLINE PAYMENT GATEWAY MARKET 24
FIGURE 6 RESTRAINTS IMPACT ANALYSIS: US & INDIA ONLINE PAYMENT GATEWAY MARKET 25
FIGURE 7 VALUE CHAIN: US & INDIA ONLINE PAYMENT GATEWAY MARKET 28
FIGURE 8 PORTER'S FIVE FORCES MODEL: US & INDIA ONLINE PAYMENT GATEWAY MARKET 29
FIGURE 9 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2021 (% SHARE) 32
FIGURE 10 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2021 VS 2030 (USD MILLION) 33
FIGURE 11 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2021 (% SHARE) 35
FIGURE 12 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2021 VS 2030 (USD MILLION) 35
FIGURE 13 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2021 (% SHARE) 37
FIGURE 14 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2021 VS 2030 (USD MILLION) 38
FIGURE 15 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY, MARKET SHARE 2021 (%) 39
FIGURE 16 US & INDIA ONLINE PAYMENT GATEWAY MARKET, BY COUNTRY, 2021 VS 2030 (USD MILLION) 40
FIGURE 17 US ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030 (USD MILLION) 41
FIGURE 18 US: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 41
FIGURE 19 US: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030 (USD MILLION) 43
FIGURE 20 INDIA ONLINE PAYMENT GATEWAY MARKET, BY TYPE, 2018-2030 (USD MILLION) 44
FIGURE 21 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY APPLICATION, 2018-2030 (USD MILLION) 45
FIGURE 22 INDIA: ONLINE PAYMENT GATEWAY MARKET, BY INDUSTRY, 2018-2030 (USD MILLION) 46
FIGURE 23 US & INDIA ONLINE PAYMENT GATEWAY MARKET: COMPETITIVE BENCHMARKING 48
FIGURE 24 VENDOR SHARE ANALYSIS, 2021 (%) 49
FIGURE 25 PAYPAL HOLDINGS, INC.: FINANCIAL OVERVIEW SNAPSHOT 54
FIGURE 26 PAYPAL HOLDINGS, INC.: SWOT ANALYSIS 56
FIGURE 27 VISA: FINANCIAL OVERVIEW SNAPSHOT 57
FIGURE 28 AUTHORIZE.NET: SWOT ANALYSIS 58
FIGURE 29 STRIPE, INC.: SWOT ANALYSIS 60
FIGURE 30 VERIFONE: SWOT ANALYSIS 62
FIGURE 31 AMAZON.COM, INC.: FINANCIAL OVERVIEW SNAPSHOT 64
FIGURE 32 AMAZON.COM, INC: SWOT ANALYSIS 66
FIGURE 33 EVERCOMMERCE: FINANCIAL OVERVIEW SNAPSHOT 67
FIGURE 34 PAYSIMPLE: SWOT ANALYSIS 68
FIGURE 35 BLUESNAP: SWOT ANALYSIS 71
FIGURE 36 GLOBAL PAYMENTS INC.: FINANCIAL OVERVIEW SNAPSHOT 72
FIGURE 37 GLOBAL PAYMENTS INC.: SWOT ANALYSIS 74
FIGURE 38 FIS: FINANCIAL OVERVIEW SNAPSHOT 76
FIGURE 39 FIS: SWOT ANALYSIS 77
FIGURE 40 FISERV, INC: FINANCIAL OVERVIEW SNAPSHOT 80
FIGURE 41 FISERV, INC: SWOT ANALYSIS 81
FIGURE 42 INFIBEAM AVENUES: FINANCIAL OVERVIEW SNAPSHOT 82
FIGURE 43 INFIBEAM AVENUES: SWOT ANALYSIS 83