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Share this article Share this article ResearchAndMarkets.com s offering. The Middle East online payment gateway market registered a value of around USD 2300 Million in the year 2019 and is further estimated to reach around USD 9500 Million by the year 2028, by growing at a CAGR of 16.80% Over the forecast period of 2020-2028, increasing internet penetration, advancements in online payment technology, rise in the use of mobile wallets in the region and increase in preference for online retailing. The payment gateways transfer the information about the transaction between the bank and the payment portal and also enable enterprises to collect money through a bank selected by the customer, safely and securely. It acts as a mediator between e-commerce merchant website and a bank to authenticate online payments. Owing to advancements in mobile payment technology and the adoption of Internet of Things (IoT), a surge in automation of transaction processes is observed.

Laura woodCompany assessmentOrganization sizeTelr pte ltdOffice hours callResearch methodologyE st office hours callOnline payment gateway companiesMajor investment companiesPayfort internationalEast online payment gateway market outlookMiddle eastInfibeam avenuesTopics coveredRoadblocks for the marketOnline payment gateway