Demand for Online Payment Gateway Set for a Massive Hit in and Post 2020, with Corona Virus Outbreak Projected to Threaten Global Market
Government organizations across the globe are promoting digital transactions that are leading to the development of card acceptance infrastructure such as payment gateways, and, in turn, growing debit and credit card usage for shopping. Branches and ATM growth rates declined from 2012-2014 in countries such as India, Taiwan, China, Indonesia, Thailand, Malaysia, Philippines, and Hong Kong due to increasing usage of cards and net banking. However, security related concerns may obstruct the climb of the market in several regions. In online payment consumers and enterprises need to share their card and banking details to online payment gateway companies to process their transactions. While sharing these credentials, there are some security related issues being witnessed – for instance, the mass cyber theft that occurred in the central bank of Bangladesh. This may restrict the usage of online payment gateways.
Government organizations across the globe are promoting digital transactions that are leading to the development of card acceptance infrastructure such as payment gateways, and, in turn, growing debit and credit card usage for shopping. Branches and ATM growth rates declined from 2012-2014 in countries such as India, Taiwan, China, Indonesia, Thailand, Malaysia, Philippines, and Hong Kong due to increasing usage of cards and net banking. However, security related concerns may obstruct the climb of the market in several regions. In online payment consumers and enterprises need to share their card and banking details to online payment gateway companies to process their transactions. While sharing these credentials, there are some security related issues being witnessed – for instance, the mass cyber theft that occurred in the central bank of Bangladesh. This may restrict the usage of online payment gateways.
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Research Methodology (1/2)
Systematic Research Approach
Market profiling
Formulating discussion guide
Developing list of respondents
Data collection
Data validation
Data analysis
Insights
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In-depth secondary research is used
to ascertain overall market size, top
industry players, top products,
industry associations, etc.
FMI formulates a detailed discussion
guide to conduct expert and industry
interviews
FMI develops a list of industry players
(manufacturers), distributors,
retailers and industry experts
FMI conducts interviews with industry
experts, industry players, distributors
and retailers
Data is validated by triangulation
method, wherein secondary, primary
and FMI analysis contribute to the
final data
Data is scrutinized using MS-Excel to
obtain qualitative and quantitative
insights about the industry
FMI delivers industry insights and
information in the required format
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Data
Collection
Data Filter
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Identifying key opinion leaders
Questionnaire design
In-depth interviews
Coverage across value chain
Market participants
Key strengths
Product portfolio
Mapping as per value
chain
Key focus segments
Primary Research #
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Salesforce
Avention
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Primary
Research
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Company
Analysis
Research &
Intelligence
SOLUTION
Secondary Research
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❑ Company websites
❑ Company annual
reports
❑ White papers
❑ Financial reports
Actionable
Insights
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Desk
Research
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Business
Solution
Key industry
experts
Channel study
Developments
Market dynamics
Products
Conclusions
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GBI
Genios
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