Payment gateway market seen reaching $98.2 billion by 2030

Allied Market Research says the global payment gateway market will grow from $22.4 billion in 2021 to $98.2 billion by 2030, driven by mobile payments, e-commerce and rising digital transaction volume. The report points to fraud risk as a key challenge while Asia-Pacific remains the largest regional market. Why it matters: - Payment gateways sit at the center of digital commerce, connecting customers and merchants for online transactions. - The market’s projected jump to $98.2 billion by 2030 signals continued demand for secure payment infrastructure as more spending moves online. - Growth in mobile banking, mobile wallets and e-commerce is increasing the need for fast and reliable payment processing. What happened: - Allied Market Research said the global payment gateway market was valued at $22.4 billion in 2021. - The firm projected the market will reach $98.2 billion by 2030. - The forecast implies a 17.7% compound annual growth rate from 2022 to 2030. - The report was published June 17, 2026. - A sample report is available here . The details: - Payment gateways are digital interfaces that facilitate money transfers between clients and businesses. - Online payment systems can reduce losses tied to late payments and help ensure safer, easier transactions. - Increased demand for quick mobile payments is a major growth driver. - More consumers are shifting to digital payment technology and expecting smooth mobile-wallet experiences. - More online shoppers are driving higher digital payment volumes. - Online fraud remains a major challenge because account information can be misused during online payments. - Competitive pressure is pushing payment gateway providers to launch new services and pursue partnerships, collaborations and mergers. - The market is segmented by type, enterprise size, end use and region. - Hosted and non-hosted are the main type segments. - Small and medium enterprises and large enterprises are the main enterprise-size segments. - Travel and hospitality, BFSI, retail and ecommerce, media and entertainment, and others are the main end-use segments. - North America, Europe, Asia-Pacific and LAMEA are the main regional segments. - For purchase inquiries, the report directs readers to this page . - Leading players named in the report include PayPal Holdings, Stripe, Visa, Amazon, FIS Worldpay, Mastercard, PayU, BitPay, Fiserv BluePay and JPMorgan Chase. - The report says it covers market trends, major segments, statistics, dynamics, regional outlook, forecast, investment opportunities, top players, restraints, challenges and Porter’s five forces analysis. - The report says its data comes from primary interviews with top officials and secondary research. Between the lines: - The growth forecast reflects a broader shift toward cashless payments that accelerated during the COVID-19 pandemic. - Online transactions became more common during the pandemic because businesses and consumers sought faster, safer ways to move money. - The report’s focus on fraud risk suggests security will remain a key buying factor for merchants and payment providers. - Asia-Pacific’s leading share points to the region’s central role in digital payment adoption and e-commerce growth. What’s next: - Hosted payment gateways are expected to remain the largest type segment in 2021, while non-hosted gateways are expected to grow fastest through the forecast period. - Large enterprises led the market in 2021, but small and medium enterprises are projected to post the fastest growth. - BFSI led end-use demand in 2021, while travel and hospitality is expected to expand the fastest. - Asia-Pacific is projected to keep the largest regional share through 2030. - Providers are likely to keep competing through product launches, partnerships and mergers as demand rises.