Payment gateway market size in various countries worldwide 2023

The market for payment gateways was significantly larger in the United States than in other parts of the world, according to a data model for 2023. This model comes from the "Global Payment Gateway Market (2023-2032)" report from Extrapolate. Note that only certain individual countries had figures available to them. No figures were provided, for example, on Indonesia, Hong Kong, Nigeria or Australia. Payment gateways refer to services such as Stripe, Braintree, Adyen, Square, or Worldpay. These are financial services that give merchants access to various digital payment methods on their platform, such as Visa but also Apple Pay or local payment options found within a country. Such services are also increasingly attracting interest within fintech as they have options to automatically charge customers for transactions on a consistent basis. These subscription-style payments, often referred to as "recurring billing", are a potential option to help reinforce customer loyalty alongside popular options like cash back.