The Latin America, Middle East and Africa Payment Gateway Market would witness market growth of 23.9% CAGR during the forecast period (2021-2027).
Technological developments, like the internet of things (IoT) and artificial intelligence, can automate the entire transaction process and execute a specified set of duties. Artificial intelligence, for instance, can be employed at payment gateways to acquire greater insights on feedback and statistics. As a result, the organization can acquire human insights and waiting time, as well as produce user insights to aid in the understanding of payment patterns and the introduction of new products. In addition, with the growing popularity of mobile payments and online around the world, a slew of new businesses are attempting to break into the market.
Additionally, mobile payments are used for a variety of operations, such as purchasing cinema tickets, ordering takeout food, and upgrading smartphone games, which is likely to drive the market's growth throughout the forecast period. In addition, the use of credit or debit cards to make these payments is expanding in both developed and developing countries. This is because card information can be retained on mobile phones and payments can be completed quickly.
The Middle East online payment gateway market is booming, due to the booming e-commerce industry, growing cashless transaction predominance, rising internet usage, and the availability of safe online payment methods for both consumers and businesses. Furthermore, due to developments in mobile payment technology and the acceptance of IoT, a boom in transaction process automation has been witnessed, allowing users to execute payments via various device modules. Digital payments are also gaining popularity over traditional cash transactions as consumers' trust in online buying grows, along with awareness of the convenience of online purchases. The market is highly fragmented, with each country launching its digitization and e-commerce strategy. Furthermore, the region's central banks are establishing national payment gateways (NPG) for online transactions to provide businesses and customers with safe and secure payment gateways.
The Brazil market dominated the LAMEA Payment Gateway Market by Country in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $1,325.8 million by 2027. The Argentina market is anticipated to grow at a CAGR of 24.6% during (2021 - 2027). Additionally, The UAE market would experience a CAGR of 23.6% during (2021 - 2027).
Based on Type, the market is segmented into Hosted and Non-hosted. Based on End Use, the market is segmented into Retail & E-commerce, BFSI, Travel & Hospitality, Media & Entertainment and Others. Based on Enterprise Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Payment Gateway Market is Predict to reach $73.9 Billion by 2027, at a CAGR of 22%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Visa, Inc., PayPal Holdings, Inc., BitPay, Inc., Stripe, Inc., JPMorgan Chase & Co., Amazon.com, Inc., Naspers Limited, VeriFone Holdings, Inc., Adyen N.V., and Worldline.
Scope of the Study
Market Segments Covered in the Report:
By Type
By End Use
- Retail & E-commerce
- BFSI
- Travel & Hospitality
- Media & Entertainment and
- Others
By Enterprise Size
- Large Enterprises
- Small & Medium Enterprises (SMEs)
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Visa, Inc.
- PayPal Holdings, Inc.
- BitPay, Inc.
- Stripe, Inc.
- JPMorgan Chase & Co.
- Amazon.com, Inc.
- Naspers Limited
- VeriFone Holdings, Inc.
- Adyen N.V.
- Worldline
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Payment Gateway Market, by Type
1.4.2 LAMEA Payment Gateway Market, by End Use
1.4.3 LAMEA Payment Gateway Market, by Enterprise Size
1.4.4 LAMEA Payment Gateway Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2017-2021)
3.3.2 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Dec – 2022, Feb) Leading Players
Chapter 4. LAMEA Payment Gateway Market by Type
4.1 LAMEA Hosted Market by Country
4.2 LAMEA Non-hosted Market by Country
Chapter 5. LAMEA Payment Gateway Market by End-use
5.1 LAMEA Retail & E-commerce Market by Country
5.2 LAMEA BFSI Market by Country
5.3 LAMEA Travel & Hospitality Market by Country
5.4 LAMEA Media & Entertainment Market by Country
5.5 LAMEA Other End-use Market by Country
Chapter 6. LAMEA Payment Gateway Market by Enterprise Size
6.1 LAMEA Large Enterprises Market by Country
6.2 LAMEA Small & Medium Enterprises (SMEs) Market by Country
Chapter 7. LAMEA Payment Gateway Market by Country
7.1 Brazil Payment Gateway Market
7.1.1 Brazil Payment Gateway Market by Type
7.1.2 Brazil Payment Gateway Market by End-use
7.1.3 Brazil Payment Gateway Market by Enterprise Size
7.2 Argentina Payment Gateway Market
7.2.1 Argentina Payment Gateway Market by Type
7.2.2 Argentina Payment Gateway Market by End-use
7.2.3 Argentina Payment Gateway Market by Enterprise Size
7.3 UAE Payment Gateway Market
7.3.1 UAE Payment Gateway Market by Type
7.3.2 UAE Payment Gateway Market by End-use
7.3.3 UAE Payment Gateway Market by Enterprise Size
7.4 Saudi Arabia Payment Gateway Market
7.4.1 Saudi Arabia Payment Gateway Market by Type
7.4.2 Saudi Arabia Payment Gateway Market by End-use
7.4.3 Saudi Arabia Payment Gateway Market by Enterprise Size
7.5 South Africa Payment Gateway Market
7.5.1 South Africa Payment Gateway Market by Type
7.5.2 South Africa Payment Gateway Market by End-use
7.5.3 South Africa Payment Gateway Market by Enterprise Size
7.6 Nigeria Payment Gateway Market
7.6.1 Nigeria Payment Gateway Market by Type
7.6.2 Nigeria Payment Gateway Market by End-use
7.6.3 Nigeria Payment Gateway Market by Enterprise Size
7.7 Rest of LAMEA Payment Gateway Market
7.7.1 Rest of LAMEA Payment Gateway Market by Type
7.7.2 Rest of LAMEA Payment Gateway Market by End-use
7.7.3 Rest of LAMEA Payment Gateway Market by Enterprise Size
Chapter 8. Company Profiles
8.1 Visa, Inc. (Authorize.Net)
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.1 Recent strategies and developments:
8.1.1.1 Acquisition and Mergers:
8.2 PayPal Holdings, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Regional Analysis
8.2.4 Research & Development Expense
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.3 BitPay, Inc.
8.3.1 Company Overview
8.3.2 Recent strategies and developments:
8.3.2.1 Product Launches and Product Expansions:
8.4 Stripe, Inc.
8.4.1 Company Overview
8.4.2 Recent strategies and developments:
8.4.2.1 Partnerships, Collaborations, and Agreements:
8.4.2.2 Geographical Expansions:
8.5 JPMorgan Chase & Co. (Wepay, Inc.)
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.6 Amazon.com, Inc.
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Segmental and Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Partnerships, Collaborations, and Agreements:
8.6.4.2 Product Launches and Product Expansions:
8.6.5 SWOT Analysis
8.7 Naspers Limited (PayU Group)
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Regional Analysis
8.7.4 Recent strategies and developments:
8.7.4.1 Partnerships, Collaborations, and Agreements:
8.7.4.2 Product Launches and Product Expansions:
8.8 VeriFone Holdings, Inc. (Francisco Partners)
8.8.1 Company Overview
8.8.2 Recent strategies and developments:
8.8.2.1 Partnerships, Collaborations, and Agreements:
8.9 Adyen N.V.
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Regional Analysis
8.9.4 Recent strategies and developments:
8.9.4.1 Partnerships, Collaborations, and Agreements:
8.9.4.2 Product Launches and Product Expansions:
8.10. Worldline (Ingenico Group)
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Regional and Segmental Analysis
TABLE 1 LAMEA Payment Gateway Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Payment Gateway Market, 2021 - 2027, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Payment Gateway Market
TABLE 4 Product Launches And Product Expansions – Payment Gateway Market
TABLE 5 Acquisition and Mergers – Payment Gateway Market
TABLE 6 Geographical Expansions – Payment Gateway Market
TABLE 7 LAMEA Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 8 LAMEA Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 9 LAMEA Hosted Market by Country, 2017 - 2020, USD Million
TABLE 10 LAMEA Hosted Market by Country, 2021 - 2027, USD Million
TABLE 11 LAMEA Non-hosted Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Non-hosted Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 14 LAMEA Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 15 LAMEA Retail & E-commerce Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Retail & E-commerce Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA BFSI Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA BFSI Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Travel & Hospitality Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Travel & Hospitality Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Media & Entertainment Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Media & Entertainment Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Other End-use Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Other End-use Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 26 LAMEA Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 27 LAMEA Large Enterprises Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Large Enterprises Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Small & Medium Enterprises (SMEs) Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Payment Gateway Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Payment Gateway Market by Country, 2021 - 2027, USD Million
TABLE 33 Brazil Payment Gateway Market, 2017 - 2020, USD Million
TABLE 34 Brazil Payment Gateway Market, 2021 - 2027, USD Million
TABLE 35 Brazil Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 36 Brazil Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 37 Brazil Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 38 Brazil Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 39 Brazil Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 40 Brazil Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 41 Argentina Payment Gateway Market, 2017 - 2020, USD Million
TABLE 42 Argentina Payment Gateway Market, 2021 - 2027, USD Million
TABLE 43 Argentina Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 44 Argentina Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 45 Argentina Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 46 Argentina Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 47 Argentina Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 48 Argentina Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 49 UAE Payment Gateway Market, 2017 - 2020, USD Million
TABLE 50 UAE Payment Gateway Market, 2021 - 2027, USD Million
TABLE 51 UAE Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 52 UAE Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 53 UAE Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 54 UAE Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 55 UAE Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 56 UAE Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 57 Saudi Arabia Payment Gateway Market, 2017 - 2020, USD Million
TABLE 58 Saudi Arabia Payment Gateway Market, 2021 - 2027, USD Million
TABLE 59 Saudi Arabia Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 60 Saudi Arabia Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 61 Saudi Arabia Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 62 Saudi Arabia Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 63 Saudi Arabia Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 64 Saudi Arabia Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 65 South Africa Payment Gateway Market, 2017 - 2020, USD Million
TABLE 66 South Africa Payment Gateway Market, 2021 - 2027, USD Million
TABLE 67 South Africa Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 68 South Africa Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 69 South Africa Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 70 South Africa Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 71 South Africa Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 72 South Africa Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 73 Nigeria Payment Gateway Market, 2017 - 2020, USD Million
TABLE 74 Nigeria Payment Gateway Market, 2021 - 2027, USD Million
TABLE 75 Nigeria Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 76 Nigeria Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 77 Nigeria Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 78 Nigeria Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 79 Nigeria Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 80 Nigeria Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 81 Rest of LAMEA Payment Gateway Market, 2017 - 2020, USD Million
TABLE 82 Rest of LAMEA Payment Gateway Market, 2021 - 2027, USD Million
TABLE 83 Rest of LAMEA Payment Gateway Market by Type, 2017 - 2020, USD Million
TABLE 84 Rest of LAMEA Payment Gateway Market by Type, 2021 - 2027, USD Million
TABLE 85 Rest of LAMEA Payment Gateway Market by End-use, 2017 - 2020, USD Million
TABLE 86 Rest of LAMEA Payment Gateway Market by End-use, 2021 - 2027, USD Million
TABLE 87 Rest of LAMEA Payment Gateway Market by Enterprise Size, 2017 - 2020, USD Million
TABLE 88 Rest of LAMEA Payment Gateway Market by Enterprise Size, 2021 - 2027, USD Million
TABLE 89 Key Information – Visa, Inc.
TABLE 90 Key Information – PayPal Holdings, Inc.
TABLE 91 Key Information – BitPay, Inc.
TABLE 92 Key information – Stripe, inc.
TABLE 93 key information – JPMorgan Chase & Co.
TABLE 94 Key Information – Amazon.com, Inc.
TABLE 95 key information – Naspers LIMITED
TABLE 96 Key Information – VeriFone Holdings, Inc.
TABLE 97 Key Information – Adyen N.V.
TABLE 98 Key Information – Worldline
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2017-2021)
FIG 4 Key Strategic Move: (Partnerships, Collaborations and Agreements: 2018, Dec – 2022, Feb) Leading Players
FIG 5 Recent strategies and developments: Stripe, Inc.
FIG 6 Recent strategies and developments: Amazon.com, Inc.
FIG 7 SWOT analysis: Amazon.com, Inc.
FIG 8 Recent strategies and developments: Naspers Limited
FIG 9 Recent strategies and developments: Adyen N.V.