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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.
Middle East Online Payment Gateway Market Outlook Report 2020-2028 Featuring Telr Pte, Payfort International, Checkout.com, 2Checkout, PayTabs, CASHU, and Infibeam Avenues
April 19, 2021 04:08 ET | Source: Research and Markets Research and Markets Dublin, IRELAND
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.
Research and Markets: Middle East $9.5 Bn Online Payment Gateway Market Outlook 2028 - ResearchAndMarkets.com
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 su