PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1399789
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1399789
A payment gateway is an online money processing gateway that connects a buyer and a seller via digital technology. A payment gateway ensures that the bank account has enough money, protects the security of the customer's card information, and eventually enables shops to get reimbursed. In essence, a payment gateway is an internet interface that makes it easier for a consumer and a business to transfer money.
Global e-commerce sales are increasing as a result of the COVID-19 outbreak, since millions of people who are under quarantine buy products, services, and entertainment online. Transaction volumes in most retail sectors significantly surged compared to the same period the previous year, which worked as a positive growth factor for the payment gateway business, according to an ACI Worldwide research of hundreds of online retail transactions worldwide.