Infibeam

Middle East Online Payment Gateway Market Report 2020-2028: Lack of Regulatory Framework for Online Payment Gateways Hampering Growth

Retrieved on: 
Wednesday, April 21, 2021
Payment systems, Online payments, Money, Finance, CashU, Maktoob, Infibeam, E-commerce payment system, Digital wallet, Mobile payment, Payment gateway, E-commerce

It acts as a mediator between e-commerce merchant website and a bank to authenticate online payments.

Key Points: 
  • 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.\nOn the basis of organization size, the Middle East online payment gateway market is segmented into small & medium enterprises (SMEs) and large enterprises.
  • The small & medium enterprises segment is growing on the back of increasing awareness among merchants for the rising incidences of payment frauds.\nIncreasing online transactions and rising demand for mobile wallets are anticipated to contribute to the growth of Middle East online payment gateway market.
  • Mobile wallets are gaining popularity as domestic and international tech players, telecom operators and local banks are committed to offer mobile wallet-based solutions, which further drives the growth of the market.\nHowever, lack of regulatory framework for online payment gateways, absence of payment security protocols, increasing number of cyber-attacks, and high setup cost of online payment gateways, are the various factors which are anticipated to hamper the growth of Middle East online payment gateway market over the forecast period.\nSome of the affluent industry leaders in the Middle East online payment gateway market are Telr Pte Ltd., Payfort International FZ LLC, Checkout.com, 2Checkout, PayTabs, CASHU, and Infibeam Avenues among others.\n'

Middle East $9.5 Bn Online Payment Gateway Market Outlook 2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 15, 2021
Technology, Finance, Security, Professional services, Software, Internet, Retail, Other Professional Services, Online Retail, Payment systems, Money, Online payments, Finance, E-commerce payment system, CashU, Digital wallet, Infibeam, Payment gateway, Mobile payment, E-commerce

b'The "Middle East Online Payment Gateway Market Outlook 2028" report has been added to ResearchAndMarkets.com\'s offering.\nThe 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%\nOver 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.\nThe 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.

Key Points: 
  • b'The "Middle East Online Payment Gateway Market Outlook 2028" report has been added to ResearchAndMarkets.com\'s offering.\nThe 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%\nOver 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.\nThe 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.
  • Owing to advancements in mobile payment technology and the adoption of Internet of Things (IoT), a surge in automation of transaction processes is observed.\nOn the basis of organization size, the Middle East online payment gateway market is segmented into small & medium enterprises (SMEs) and large enterprises.
  • The small & medium enterprises segment is growing on the back of increasing awareness among merchants for the rising incidences of payment frauds.\nIncreasing online transactions and rising demand for mobile wallets are anticipated to contribute to the growth of Middle East online payment gateway market.
  • Mobile wallets are gaining popularity as domestic and international tech players, telecom operators and local banks are committed to offer mobile wallet-based solutions, which further drives the growth of the market.\nHowever, lack of regulatory framework for online payment gateways, absence of payment security protocols, increasing number of cyber-attacks, and high setup cost of online payment gateways, are the various factors which are anticipated to hamper the growth of Middle East online payment gateway market over the forecast period.\nSome of the affluent industry leaders in the Middle East online payment gateway market are Telr Pte Ltd., Payfort International FZ LLC, Checkout.com, 2Checkout, PayTabs, CASHU, and Infibeam Avenues among others.\n'

India Online Retail Market Assessment 2015-2025 with Analysis of Flipkart Internet, Myntra Designs, Amazon Retail, One97 Communication, Snapdeal and Others

Retrieved on: 
Tuesday, September 8, 2020
Companies based in Bangalore, Economy of India, Retailers, Companies, Flipkart, Walmart, Infibeam, Myntra, Snapdeal, Jabong.com, Nykaa, Retail

The Indian Online Retail Market is projected to grow at a double-digit CAGR during the forecast period, due to increasing penetration of internet and smartphones in the country.

Key Points: 
  • The Indian Online Retail Market is projected to grow at a double-digit CAGR during the forecast period, due to increasing penetration of internet and smartphones in the country.
  • Majority of online shoppers are millennials and favorable policy reforms are attracting foreign companies to invest in the online retail market of India.
  • The Indian Online Retail Market can be segmented based on segment and region.
  • Major players operating in the Indian Online Retail Market include Flipkart Internet Private Limited, Myntra Designs Private Ltd., Amazon Retail India Private Limited, One97 Communication Limited, Snapdeal Private Limited, Jade eServices Private Limited (Jabong.com), Nykaa E-Retail Pvt Ltd, Brainbees Solutions Pvt Ltd (Firstcry.com), eBay India, Infibeam Avenues Ltd., etc.