Westford, USA, Sept. 27, 2022 (GLOBE NEWSWIRE) — There’s no doubt about it online payment gateway market is becoming increasingly popular as more businesses find the convenience and security that it brings. In fact, there was a recent study that showed that 73% of all online shoppers now use a payment gateway, up from 34% in 2013. SkyQuest expects total traction through the payment gateway to exceed $2.5 trillion by 2025, up from $1.9 trillion in 2020. This trend is being fueled by increasing adoption of mobile apps and online shopping via smartphones and other mobile devices .

Some of the most popular players in the global payment gateway market are Stripe, PayPal, Square, and Dwolla.

As the world becomes more digital, companies are increasingly looking for payment processing options. One of the most popular methods is payment gateways, which allow customers to easily and securely pay for their purchases online. However, due to the increasing popularity of online payments, the demand for the payment gateway market has increased. This has led to an increase in the number of companies offering these services and the amount they are willing to pay for them. As a result, both providers and customers are likely to face increased competition in the near future.

Ultimately, this will result in better prices for both consumers and payment gateway service providers. Moreover, it will also boost consumers’ confidence in online transactions, making them more likely to use these platforms in the future.

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The top 10 companies hold over 60% share of the payment gateway market

In today’s payment gateway market, it seems like the top few companies dominate the payment gateway industry. According to SkyQuest analysis, the top 10 companies account for over 60% of all transactions that take place through payment gateways. Whereby PayPal, Amazon Pay, Square, …