GCC Payment Gateway Market 2021-2026: Industry Trends, Share, Size, Growth and Opportunities

According to the latest report by IMARC Group, titled, “GCC Payment Gateway Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026″, the GCC payment gateways market is expected to continue its strong growth during the forecast period (2021-2026).

The payment gateway works as an intermediary between various e-commerce websites and banks by facilitating the transaction of payments. It protects the user from fraudulent activities by securing their sensitive data, such as debit and credit card numbers, Card Certification Value (CVV), and other bank account details. Payment gateways also use the HTTPS protocol that prevents personal information for the transaction and provides numerous other benefits, such as expense and loss management, a user-friendly interface and time efficiency.

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The GCC payment gateway market is primarily driven by the growing adoption of online financial services across the BSFI and e-commerce sectors. Additionally, the increasing use of mobile wallets due to rising internet penetration and constant advancements in mobile payment technologies is also bolstering the market growth across GCC countries. Furthermore, the payment gateways also help the organizations, including both brick-and-mortar stores and online retail platforms, to collect money without compromising their sensitive data. Besides this, growing investments in fintech startups based on payment and crowdfunding and elevating disposable income of the consumer are projected to drive the market for payment gateways in the GCC region over the coming years.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

For more information about this report visit: https://www.imarcgroup.com/gcc-payment-gateway-market

GCC Payment Gateway Market 2021-2026 Analysis and Segmentation:

The report has segmented the market on the basis of Mode of Interaction, Application and Region.

Breakup by Application:

Large Enterprises
Micro and Small Enterprises
Mid-Size Enterprises

Breakup by Mode of Interaction:

Hosted Payment Gateways
Pro/Self-Hosted Payment Gateways
API/Non-Hosted Payment Gateways
Local Bank Integrates
Direct Payment Gateways
Platform-Based Payment Gateways

Breakup by Country:

Saudi Arabia
UAE
Qatar
Oman
Kuwait
Bahrain

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