Payments are a necessary component for your business for the simple reason that all businesses need to get paid to remain profitable. In order to facilitate payments, you need to become familiar with payment gateways. Payment gateways are a critical aspect of the entire payments ecosystem. It serves as a…
According to Grand View Research, the global payment gateway market size was estimated at $18.21 billion back in 2020. It has a compound annual growth rate or (CAGR) of 21.7% for 2021 to 2028. Advances in mobile payment technology and the growing use of mobile wallets are two key factors…
A payment gateway is a critical tool that facilitates the ability for a merchant to process credit card payments for their e-Commerce business. It securely captures sensitive credit card data from the customer and where it is then transferred to the acquirer or merchant account. This can result in an…
With the surge in online transactions worldwide, customers are becoming more particular in how they participate within the payment ecosystem. Specifically, they are demanding two qualities that are absolutely non-negotiable: security and convenience. EMV Specifications are answering the call, addressing the issues by filling in the security gaps. What Are…
Any business in existence wants to ensure that they continue to grow and remain profitable. However, simply hoping for this outcome is not going to make this a reality. The key to accelerated growth requires continuous innovation in both business and technology. If there are any limitations found within current…
In this fast-moving, modern era of e-Commerce, the customer payment journey is of critical importance. As customers shop online and ultimately fill their carts, one thing they will not endure is a clunky, awkward, time-consuming payment process. Based on a variety of e-Commerce studies, it was reported that, on average,…
As e-Commerce continues to expand worldwide, there is no question that the future remains bright for online sales. According to Statista, the percentage of e-Commerce retail sales was at 16% in the U.S. In the U.K., e-Commerce sales rose to almost a third of overall retail in May 2020. Alongside…
The most recent Online Payment Gateway Market Report assesses Coronavirus’s effect on the industry, including looming opportunities and setbacks, driving factors, risks, and industry growth forecast, depending on different scenarios. The report answers questions like; What will the industry growth rate of the online payment gateway market be by 2026? Which primary factors…