Payment gateway market size in India 2018-2022, with forecasts to 2030

Payment gateways in India are predicted to nearly triple in market size between 2023 and 2030, according to a data model. This model comes from the "Global Payment Gateway Market (2023-2032)" report from Extrapolate. The source adds this would mean a CAGR of 16.2 percent between those years. 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.