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Gateway firms show significant strength in U.S. payments industry
Thursday, August 13, 2020
A Mercator Advisory Group research report discusses why exponential e-commerce growth will bring payment gateways along with it.
BOSTON, Aug. 5, 2020 /PRNewswire-PRWeb/ -- Payment gateways are the fastest growing part of the payments industry's value chain and have become disruptive forces that in some instances supplant legacy payments players such as merchant acquirers and processors. Payment gateways are a high growth and an intensely competitive category within the U.S. payments industry, offering both core and added-value services aimed at both consumer and B2B online merchants. A new research report from Mercator Advisory Group, Gateways Become Rising Force in U.S. Payments Industry, Part 1: A Market Overview, provides analysis and insight on the current state of the U.S. payments gateway market, supported by a Mercator Advisory Group e-commerce sales data forecast.
"E-commerce has been the driving force in the rise of payment gateways. These firms are lean and nimble, with the DNA of fintechs. Gateways serve online merchants, enabling them to accept card payments across borders and in multiple currencies for both consumers and B2B. With a crowded field of competing gateways, merchants face a daunting task of choosing from this large vendor category that serves the U.S. market with an ever-expanding array of payment solutions," commented Raymond Pucci, Director, Merchant Services Practice at Mercator Advisory Group, the author of this report.
Highlights of this research report include:
-- How gateways have become an essential payments vendor category
-- Mercator market data forecast for retail and travel e-commerce
-- Gateways that compete in the U.S. market
-- Contrasting paths of 2020 e-commerce sales categories due to Covid-19
-- Assessment framework for merchants considering gateway payment solutions
This report is 19 pages long and has 8 exhibits.
Companies and other organizations mentioned in this report: 2Checkout, ACI Worldwide, Adyen, AEVI, Authorize.Net, Bambora, BluePay, BlueSnap, Bolt, Braintree, CardConnect, Checkout.com, Converge, Cybersource, Elevon, FIS, Fiserve, Global Payments, Ingenico, JPMorgan Chase, Mastercard, Paysafe, Spreedly, Stripe, WePay, TSYS, US Bank, Visa Worldpay
Members of Mercator Advisory Group's Merchant Services continuous advisory practice have access to this report as well as the upcoming research for the year ahead, presentations, analyst access, and other membership benefits.
For more information and media inquiries, please call Mercator Advisory Group's main line: 1-781-419-1700, send email to media@mercatoradvisorygroup.com.
For free industry news, opinions, research, company information and more visit us at http://www.PaymentsJournal.com.
Follow us on Twitter @ http://twitter.com/MercatorAdvisor.
About Mercator Advisory Group
Mercator Advisory Group is the leading independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.
SOURCE Mercator Advisory Group
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