APAC Payment Gateway Market Size
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 13.01 Billion |
| Market Size (2030) | USD 34.99 Billion |
| CAGR (2025 - 2030) | 21.89% |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
APAC Payment Gateway Market Analysis
The APAC Payment Gateway Market size is estimated at USD 13.01 billion in 2025, and is expected to reach USD 34.99 billion by 2030, at a CAGR of 21.89% during the forecast period (2025-2030).
- Asia Pacific (APAC) is witnessing a surge in demand for payment gateways, driven by its swift digital transformation, a growing embrace of e-commerce, and an escalating need for secure online payment solutions. With the region's economies on the rise and an increasing number of consumers opting for digital platforms to make purchases, payment gateways have taken center stage. This heightened demand is also spurred by the growing trend of contactless payments, the ascent of mobile commerce, and the rapid expansion of the financial technology sector.
- APAC boasts some of the world's largest and fastest-growing e-commerce markets, notably in China, India, Japan, and Southeast Asia. The surge in online retail, fueled by a growing number of internet users and widespread smartphone adoption, has heightened the demand for secure and efficient payment gateways. As APAC consumers become more comfortable with online shopping, merchants increasingly adopt digital payment solutions to enhance customer experiences and minimize transaction friction.
- Also, the APAC region stands out as a global hub for FinTech innovation, attracting substantial investments. Nations such as Singapore, Hong Kong, and India have established themselves as FinTech epicenters, nurturing startups that pioneer new payment solutions. These innovative solutions depend on payment gateways to execute transactions, manage payment data, and uphold compliance with both local and international regulations.
- Recently, in June 2024, nine prominent fintech firms have been chosen to join the FinTech Innovation Lab Asia-Pacific program. This initiative aims to delve into fresh growth avenues within the finance sector as fintechs adapt and innovate in response to technological disruptions, thereby driving regional advancements.
- Moreover, as consumers increasingly adopt payment gateways, they enjoy a secure, swift, and convenient purchasing experience. The incorporation of digital wallets, mobile payments, and contactless methods offers consumers a diverse range of tailored payment options. Furthermore, payment gateways prioritize security by encrypting sensitive payment data, thereby mitigating fraud risks and bolstering consumer trust in online transactions.
APAC Payment Gateway Market Trends
Growing Use of Payment Gateway in Tavel Industry.
- Online travel services have experienced substantial growth in the APAC region. Consumers increasingly turn to digital platforms for researching, booking, and paying for their travel experiences. Popular online travel agencies like Agoda, Expedia, and Ctrip are streamlining the process, allowing users to conveniently book flights, hotels, and tours all in one place.
- Advanced and adaptable payment gateways are essential to support these digital services. These gateways must accommodate a variety of payment methods, handle high transaction volumes, and navigate cross-border payments. As the trend of online bookings continues to rise, there's a heightened demand for payment gateways that facilitate real-time transactions, support multiple currencies, and ensure secure payment processing.
- Also, according to a report published by the World Tourism Organization, the number of international tourist arrivals in Asia increased across all regions in 2023 compared to the previous year. In 2020, the number of international tourists arriving in Asia Pacific was 58.96 million, which reached 237.24 million in 2023. This growing number of tourists is driving the market of payment gateways. This trend has significantly increased the need for payment gateways that can process multi-currency transactions and manage cross-border payments.
- Moreover, travel businesses benefit from payment gateways by gaining access to diverse payment options, multi-currency acceptance, and secure transaction processing. Collaborating with a trusted payment gateway provider enables these businesses to streamline payment processes, mitigate fraud risks, and decrease chargebacks. Furthermore, payment gateways furnish detailed transaction data and analytics, empowering businesses to track booking trends, handle refunds adeptly, and enhance financial oversight. Such tools are pivotal for cash flow management and elevating the customer experience.
Japan Witnessing a Growth in Payment Gateways
- Japan's demand for payment gateways is surging, fueled by a nationwide pivot to digital payments, the burgeoning e-commerce sector, and a growing embrace of cashless solutions. While Japan has long been synonymous with cash transactions, concerted initiatives from both governmental and private entities are redefining the nation's payment dynamics. With businesses and consumers leaning more toward digital payments, the importance of dependable, secure, and efficient payment gateways has never been more pronounced in this evolving landscape.
- Also, Japan’s e-commerce market has been growing steadily, with more consumers turning to online platforms to shop for a wide range of products and services. Japan’s e-commerce sector is expected to continue expanding, with projections indicating strong growth in the coming years. As per the report by Mitsui Fudosan, in fiscal year 2023, the sales revenue of online retailer Amazon Japan amounted to around JPY 3.7 trillion (USD 26 billion), which was JPY 1.5 trillion (USD 10 billion) in 2018. Such growing e-commerce in Japan is driving the payment gateeway in the country. As online shopping becomes more prevalent, businesses are increasingly adopting payment gateways to offer customers secure and convenient payment options.
- Additionally, in Japan, the rising prominence of financial technology (FinTech) companies has notably driven up the demand for payment gateways. FinTech startups, alongside established financial institutions, are developing innovative payment solutions that cater to the evolving needs of both consumers and businesses.
- These advanced solutions often rely on sophisticated payment gateways to guarantee secure and efficient transaction processing. Consequently, payment gateways that integrate smoothly with FinTech platforms have become essential for businesses looking to offer modern payment options, such as peer-to-peer (P2P) payments, real-time settlements, and blockchain-based transactions.
APAC Payment Gateway Industry Overview
The APAC Payment Gateway Market is semi-consolidated, with some of the major vendors holding a significant market share. Market players are advancing their payment gateway investments in the region to expand their market share. The major players in the market are Paypal, Amazon Pay, Stripe, and others. In addition, partnership, acquisition, and merger activities are shaping the competitive landscape of the APAC Payment Gateway market.
APAC Payment Gateway Market Leaders
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PayPal
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Stripe
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Amazon Pay
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RazorPay
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PhonePay
- *Disclaimer: Major Players sorted in no particular order
APAC Payment Gateway Market News
- May 2024: Mastercard officially rolled out its domestic payment processing services in China. Through its joint venture, Mastercard NetsUnion Information Technology, the company can now process payments made with Mastercard cards issued by Chinese banks. The payment services provider can also accept Mastercard-branded cards from China for international transactions.
- April 2024: Soft Space, a fintech-as-a-service provider, teamed up with JCB, a prominent international payments brand from Japan, to introduce a payment gateway in Malaysia. The new gateway addresses the surging demand for secure digital transactions by leveraging JCB's expansive global network and Soft Space's advanced technical expertise. Furthermore, Soft Space's API specification empowers acquirers and payment facilitators, enabling retail merchants to tap into JCB's vast network serving over 156 million card members—without needing a direct connection.
APAC Payment Gateway Industry Segmentation
A payment gateway is a technology that retailers use to enable client debit or credit card purchases. The primary function of an online payment gateway is to authorize the exchange of money between a retailer and a customer. It is crucial to make an online purchase and authorize transactions between sellers and buyers.
The APAC payment gateway market is segmented by type (hosted, non-hosted), enterprise (small and medium enterprise (SME), large enterprise), end-user (travel, retail, BFSI, media and entertainment, and other end users), and country (China, Japan, India, South Korea, and rest of APAC). The market size and forecasts are provided in terms of value (USD) for all the above segments.
| By Type | Hosted |
| Non-hosted | |
| By Enterprise | Small and Medium Enterprise (SME) |
| Large Enterprise | |
| By End User | Travel |
| Retail | |
| BFSI | |
| Media and Entertainment | |
| Other End Users | |
| By Country*** | China |
| Japan | |
| South Korea | |
| India | |
| Australia | |
| New Zealand | |
| Rest of APAC |
APAC Payment Gateway Market Research FAQs
How big is the APAC Payment Gateway Market?
The APAC Payment Gateway Market size is expected to reach USD 13.01 billion in 2025 and grow at a CAGR of 21.89% to reach USD 34.99 billion by 2030.
What is the current APAC Payment Gateway Market size?
In 2025, the APAC Payment Gateway Market size is expected to reach USD 13.01 billion.
Who are the key players in APAC Payment Gateway Market?
PayPal, Stripe, Amazon Pay, RazorPay and PhonePay are the major companies operating in the APAC Payment Gateway Market.
What years does this APAC Payment Gateway Market cover, and what was the market size in 2024?
In 2024, the APAC Payment Gateway Market size was estimated at USD 10.16 billion. The report covers the APAC Payment Gateway Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the APAC Payment Gateway Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
APAC Payment Gateway Industry Report
Statistics for the 2025 APAC Payment Gateway market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. APAC Payment Gateway analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
