Platform Based Payment Gateway Market Report 2025

The platform-based payment gateway market size has grown rapidly in recent years. It will grow from $33.11 billion in 2024 to $36.66 billion in 2025 at a compound annual growth rate (CAGR) of 10.7%. The growth during the historic period can be attributed to the increasing adoption of digital payments, rising smartphone penetration, growth in e-commerce transactions, higher demand for cashless payment options, and expanding government initiatives promoting the digital economy.

The platform-based payment gateway market size is expected to see rapid growth in the next few years. It will grow to $54.35 billion in 2029 at a compound annual growth rate (CAGR) of 10.3%. In the forecast period, growth is expected to be driven by the rise of cross-border e-commerce, greater adoption of embedded finance, growing demand for omnichannel payment solutions, increased preference for contactless payments, and a surge in fintech startups. Key trends include advancements in payment infrastructure, innovations in biometric authentication, increased investment in fraud prevention research and development, the emergence of AI-powered payment solutions, and progress in real-time settlement systems.

The growth of e-commerce is expected to drive the expansion of the platform-based payment gateway market. E-commerce involves conducting commercial transactions online through the internet, and its rise is fueled by increasing internet penetration, which provides consumers with reliable access to convenient shopping anytime and anywhere. Platform-based payment gateways strengthen e-commerce ecosystems by enabling seamless integration with online stores, allowing secure and efficient transactions. These gateways streamline the checkout process by supporting multiple payment options, enhancing customer experience and boosting conversion rates. For example, according to the United States Census Bureau in February 2025, total e-commerce sales reached $1.19 trillion in 2024, an 8.1% increase from 2023. Therefore, the surge in e-commerce is accelerating growth in the platform-based payment gateway market.

Key players in the platform-based payment gateway market are developing innovative solutions such as unified payments interface (UPI)-based platforms to improve convenience, speed, and interoperability in digital payments. UPI-based payment platforms leverage India’s Unified Payments Interface to enable seamless, real-time, and secure transactions across multiple banks and merchants. For instance, in August 2024, Setu, an India-based software firm, partnered with Axis Bank to launch UPISetu, a UPI-focused payments platform. UPISetu simplifies merchant transactions by providing a unified, interoperable solution supporting all UPI payment apps, including PhonePe, Google Pay, and Paytm. It allows businesses to accept UPI payments without needing multiple QR codes, streamlining operations and enhancing customer checkout experiences. The platform also offers dynamic QR generation and instant settlements, reducing friction in digital payments for both merchants and consumers.

In March 2025, UK-based fintech Rapyd Financial Network acquired PayU Global Payment Organisation (GPO), a Netherlands-based payment gateway provider, for an undisclosed sum. This acquisition aims to expand Rapyd’s global reach, strengthen its platform-based payment gateway offerings, and boost its presence in emerging markets by providing a unified solution for both local and cross-border payments.

Major players in the platform based payment gateway market are PayPal Holdings Inc., MOLPay Sdn. Bhd., National Australia Bank Limited, Worldpay Group plc, Klarna Bank AB, Alipay.com Co. Ltd., Stripe Inc., Skrill Ltd., Paytm, CyberSource Corporation, PayU Group, CCBill LLC, One MobiKwik Systems Ltd., Beanstream Inc., BillDesk, Wirecard AG, WePay Inc., Realex Payments Ltd., PesoPay Sdn. Bhd., Eway Pty Ltd, and Mercado Pago S.A.

North America was the largest region in the platform-based payment gateway market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in platform-based payment gateway report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the platform-based payment gateway market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The rapid escalation of U.S. tariffs and the resulting trade tensions in spring 2025 are significantly impacting the financial sector, particularly in investment strategies and risk management. Heightened tariffs have fueled market volatility, prompting cautious behavior among institutional investors and increasing demand for hedging instruments. Banks and asset managers are facing higher costs associated with cross-border transactions, as tariffs disrupt global supply chains and dampen corporate earnings, key drivers of equity market performance. Insurance companies, meanwhile, are grappling with increased claims risks tied to supply chain disruptions and trade-related business losses. Additionally, reduced consumer spending and weakened export demand are constraining credit growth and investment appetite. The sector must now prioritize diversification, digital transformation, and robust scenario planning to navigate the heightened economic uncertainty and protect profitability.

A platform-based payment gateway is a digital system embedded within online platforms that enables secure and efficient processing of electronic payments. It supports various payment methods within the platform’s ecosystem and facilitates smooth financial transactions among users, merchants, and service providers while ensuring security, compliance, and scalability.

The core components of a platform-based payment gateway are software and services. The software acts as the central engine managing secure online payments by handling data encryption, transaction authorization, and communication among all parties involved. This software can be deployed via cloud-based, on-premises, or hybrid models and supports a wide range of payment options including credit cards, debit cards, net banking, digital wallets, and cryptocurrencies. It processes different transaction types such as one-time payments, recurring payments, peer-to-peer transfers, and cross-border transactions. The gateway finds applications across industries such as e-commerce, banking and financial services (BFSI), healthcare, travel and hospitality, retail, and more.

The platform based payment gateway market research report is one of a series of new reports that provides platform based payment gateway market statistics, including the platform based payment gateway industry global market size, regional shares, competitors with the platform based payment gateway market share, detailed platform based payment gateway market segments, market trends, and opportunities, and any further data you may need to thrive in the platform based payment gateway industry. This platform based payment gateway market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The platform-based payment gateway market consists of revenues earned by entities by providing services such as online payment processing, recurring payments and subscriptions, multi-currency support, fraud detection and risk management, and payment link generation. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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