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Showing posts with the label Payment Gateway Market outlook

Payment Gateway Market Analysis, Trends, growth by 2020 to 2028

  The  global payment gateway market  forecast at  $ 67,434.4 million by 2028 , surging from  $19,250.0 million in 2020 , at a noteworthy  CAGR of 16.6% Covid-19 Impact On Payment Gateway Market COVID-19 has spread around the world, posing a serious threat to the global economy and financial systems. Manufacturing, car, retail, aviation, and hospitality are all witnessing the effects of the COVID-19 epidemic, with manufacturing, auto, retail, aviation, and hospitality bearing the brunt of the shutdown. As a result, fast-growing payment gateways, which are intimately tied to the above-mentioned sectors, have suffered. However, due to increasing adoption during the shutdown, a few localities are seeing a boost in digital payments. E-commerce, insurance, essentials, media/entertainment, online grocery stores, online pharmacies, EdTechs, online gaming, recharges, and utility/bill payments are just a few examples. One of the immediate effects of the pandemic has been a noticeable increase i