May 22, 2020 at 10:40 am #62407
Payment Gateways Report: Top Providers & Strategies in 2020
This is a preview of The Payments Gateways research report from Business Insider Intelligence.Purchase this report.Business Insider Intelligence offers even more insights like this with our brand new Banking coverage. Subscribe today to receive industry-changing banking news and analysis to your inbox.
As global retail e-commerce volume soars from an estimated $3.1 trillion in 2018 to an expected $5.8 trillion in 2024, Business Insider Intelligence projects that the revenue that companies offering payments gateways — the online payments offerings that process e-commerce payments — can collect as fees will rise apace, increasing from $82 billion to $138 billion over the same period.To get more news about RCPro, you can visit WikiFX news official website.
Gateways are getting increasingly sophisticated: They’re becoming easier to integrate and incorporating value-added services outside of just payments processing, such as fraud detection/prevention and transaction analytics. Each new service grants providers an additional opportunity to upsell clients and drive greater revenue.But no single provider dominates the payments gateways market, and there are several giants in the space, each following a different strategy in its rise to prominence. In The Payments Gateways Report, Business Insider Intelligence gives an account of the most important aspects of five major payments gateway providers, including their histories, vital details, and some of their major clients; analyzes the factors that have contributed to their rise to prominence; and discusses top tactics to sustain growth into the future. We then briefly take a look at a noncomprehensive list of other noteworthy providers that merit mentioning. Finally, we provide insights into the best practices that payments gateway providers should observe to succeed in this highly competitive market.
The companies mentioned in this report are: Adyen, Alipay, Amazon Pay, BlueSnap, Braintree, Cybersource, Ingenico, Klarna, PayU, Square, Stripe, Verifone, WeChat Pay, WePay, WorldpayHere are some of the key takeaways from the report:As global retail e-commerce grows, the opportunity for the payments gateway providers that process online transactions to collect fees for their services is becoming even more massive, expected to surge from an estimated $82 billion in 2018 to $138 billion in 2024. To maximize this opportunity, payments gateway providers are stretching across the payments value chain and proving new value-added services, creating more opportunities to drive revenue from merchant clients.But no one provider is dominating the market and competition remains as stiff as ever as providers compete to establish an advantage in terms of scale (e.g. merchant segments, geography, completeness of solution) or merchant-facing factors (e.g. price, ease of integration, channels).
The vastly different approaches taken by the giants in the payments gateways space reveal some best practices that providers should take note of to optimize their chances of success.In full, the report:Describes what payments gateways are, the metrics by which providers’ performances are measured, and the ways they can establish competitive advantages. Provides a competitive showcase analyzing five major payments gateway providers in depth.Discusses selected other payments gateway providers that are relevant in the space.Recommends some best practices for succeeding in the hotly competitive payments gateway market.Interested in getting the full report？
Here’s how to get access:Purchase & download the full report from our research store. Purchase & Download NowSign up for Payments & Commerce Pro, Business Insider Intelligence’s expert product suite keeping you up-to-date on the people, technologies, trends, and companies shaping the future of consumerism, delivered to your inbox 6x a week. Get StartedJoin thousands of top companies worldwide who trust Business Insider Intelligence for their competitive research needs. Inquire About Our Enterprise MembershipsCurrent subscribers can read the report here.
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