Market Share of Europe Payment Gateway Industry
Payment gateways serve as intermediaries between e-commerce platforms and banks, facilitating secure payment transactions. Handing sensitive data like bank account details and credit cards, these gateways prioritize protection against fraud. Utilizing the HTTP protocol, payment gateways ensure secure order submissions, safeguarding personal information. They provide benefits like user-friendly interfaces, efficient expense and loss management, and time-saving solutions.
In Europe, the payment gateway market is largely fueled by the growing adoption of mobile wallets and advancements in mobile payment technologies. The integration of near-field communications (NFC), artificial intelligence (AI), cloud computing, and the Internet of Things (IoT) has streamlined bill payments, diminishing the need for physical cards. Europe's robust retail e-commerce sector, bolstered by a significant online shopping populace, has further propelled the market. The ability of payment gateways to facilitate transactions for customers, brick-and-mortar stores, and online retailers—while ensuring the security of sensitive data—underscores the market's positive trajectory.
The Europe Payment Gateway Market is fragmented, with major players like WorldPay, PayPal, etc. Players are adopting strategies like acquisitions and partnerships to improve their product offerings and gain sustainable competitive advantage.
Europe Payment Gateway Market Leaders
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VERIFONE, INC.
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Amazon Payments, Inc.
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PayPal Holdings, Inc.
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WorldPay
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Stripe
*Disclaimer: Major Players sorted in no particular order
