| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 15.49 Billion |
| Market Size (2030) | USD 39.15 Billion |
| CAGR (2025 - 2030) | 20.37 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Payment Gateway Market Analysis
The North America Payment Gateway Market size is estimated at USD 15.49 billion in 2025, and is expected to reach USD 39.15 billion by 2030, at a CAGR of 20.37% during the forecast period (2025-2030).
- North America's demand for payment gateways is on the rise, fueled by factors such as the booming e-commerce sector, heightened security needs for online payments, the growing popularity of digital wallets, and the adoption of advanced financial technologies. Payment gateways act as crucial intermediaries, securely processing transactions between merchants and consumers. As businesses increasingly move online and consumers lean towards cashless transactions, the payment gateway market is witnessing swift growth, establishing North America as a leading contender in the global arena, marked by its maturity and competitiveness.
- Payment gateways also play a critical role in facilitating these alternative payment methods, integrating them seamlessly into online checkout processes. By offering support for digital wallets and other payment options, businesses can appeal to a broader range of consumers and provide a more flexible and personalized payment experience. This flexibility is particularly important as younger consumers, who are more likely to use digital wallets, become a larger part of the consumer base in North America.
- Further, payment gateways play a critical role in facilitating these alternative payment methods, integrating them seamlessly into online checkout processes. By offering support for digital wallets and other payment options, businesses can appeal to a broader range of consumers and provide a more flexible and personalized payment experience.
- For instance, in June 2024, Chase Payment Solutions expanded its "Tap to Pay on iPhone" feature for merchant clients in Canada. This feature enables merchants to accept contactless payments using just an iPhone. Sephora, the firm's inaugural client in Canada, is rolling out "Tap to Pay on iPhone" across over 130 freestanding stores nationwide.
- Hence, as businesses navigate this evolving digital landscape, the payment gateway market is poised for continued growth, presenting fresh opportunities for both established providers and emerging fintech players.
North America Payment Gateway Market Trends
Increasing Use of Payment Gateway in Large Enterprises
- In North America, large enterprises are increasingly adopting payment gateways. This shift is driven by rapid business digitization, a boom in e-commerce, and an urgent demand for secure, scalable payment solutions. Due to their size, these enterprises require payment gateways that are not just robust but also rich in features. Such capabilities allow them to manage high transaction volumes, maintain stringent security, and support diverse payment methods.
- Large enterprises face heightened risks of cyberattacks and data breaches due to their vast customer bases and significant transaction volumes. Consequently, there is a pronounced focus on payment security, elevating the necessity of payment gateways equipped with advanced security features. Essential features like encryption, tokenization, and fraud detection play a pivotal role in safeguarding sensitive payment information.
- Further, many large enterprises from North America have expanded their businesses in foreign companies. According to the data published by the World Bank, the share of digital remittances leaving the United States was higher in 2024 than in previous years, taking up the majority of money transfers. This is according to a custom-made calculation based on the number of reported remittance channels leaving the United States. Such growing demand for digital payments has driven the adoption of payment gateways.
- Moreover, payment gateways are evolving, harnessing AI and automation to bolster payment processing and security. For large enterprises, this evolution translates to quicker and more precise transaction processing, automated fraud detection, and tailored payment experiences for their customers. With AI-driven analytics, payment gateways empower enterprises to identify suspicious activities in real time, significantly reducing fraud risks.
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United States to Hold Significant Growth
- The United States has witnessed a notable rise in the adoption of payment gateways in recent years. This surge is attributed to changing consumer preferences, the growing e-commerce sector, technological advancements, and a heightened demand for secure online payment solutions. With both businesses and consumers increasingly leaning towards digital transactions, payment gateways have cemented their status as vital players in the US economy, ensuring transactions are seamless, secure, and instantaneous.
- Also, in the United States, consumers increasingly demand diverse payment options for online shopping. Although traditional credit and debit cards continue to dominate, alternative payment methods, including buy-now-pay-later (BNPL) services and cryptocurrencies, are rapidly gaining popularity. Payment gateways are adapting to meet these evolving preferences, enabling businesses to integrate multiple payment methods seamlessly into their checkout processes. This adaptability broadens the merchant's customer base and enhances conversion rates.
- Further, as per the report by the US Census Bureau, in the second quarter of 2024, the share of e-commerce in total US retail sales stood at 16 percent, up from the previous quarter. From April to June 2024, retail e-commerce sales in the United States hit over USD 291 billion, the highest quarterly revenue in history. Such growth in payments in the United States represents the growing demand for a payment gateway in the country.
- Also, as per the report by the US Census Bureau, in Q2 2024, e-commerce accounted for 16% of total US retail sales, marking an increase from the prior quarter. Between April and June 2024, US retail e-commerce sales surpassed USD 291 billion, achieving the highest quarterly revenue on record. Such growing consumer inclination toward e-commerce is driving the demand for payment gateways in the United States.
- Moreover, in the United States, the adoption of subscription-based models across various industries, such as media, entertainment, SaaS (Software as a Service), and retail, has significantly fueled the growth of payment gateways. These gateways empower businesses to seamlessly handle recurring payments, oversee subscriptions, and securely store payment details, thereby minimizing the chances of transaction failures and customer churn.
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North America Payment Gateway Industry Overview
The North American payment gateway market is semi-consolidated and has several major players. However, many companies are increasing their market presence by securing new contracts and acquiring others. Key players include PayPal Payments Private Limited, Stripe, Inc., Block, Inc., Amazon Pay, WePay Inc., and Others.
North America Payment Gateway Market Leaders
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PayPal Payments Private Limited
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Stripe, Inc.
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Block, Inc.
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Amazon Pay
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WePay Inc.
- *Disclaimer: Major Players sorted in no particular order
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North America Payment Gateway Market News
- September 2024: Paypal Holdings Inc. expanded its global strategic partnership with Shopify Inc. in the United States. As part of this collaboration, PayPal will serve as an additional online credit and debit card processor for Shopify Payments. This integration utilizes PayPal Complete Payments, a robust solution tailored for marketplaces and platforms, equipped with versatile developer tools. Furthermore, in a bid to enhance user experience, PayPal wallet transactions will now seamlessly integrate into Shopify Payments in the United States. This integration aims to simplify the management of orders, payouts, reporting, and chargeback processes.
- February 2024: Finix, a San Francisco-based FinTech company, introduced its business payments solution to the Canadian market. With this launch, Finix seeks to empower businesses of all sizes to efficiently process payments and manage money transfers. The solution boasts features such as embedded compliance, underwriting, fraud monitoring, reporting, and dispute management, all designed to enhance businesses' insights into their transaction-level data.
North America 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 North American payment gateway market is segmented by type (hosted and non-hosted), enterprise (small and medium enterprise (SME) and large enterprise), end user (travel, retail, BFSI, media and entertainment, and other end users), and country (United States and Canada). 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 | United States |
| Canada |
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North America Payment Gateway Market Research FAQs
How big is the North America Payment Gateway Market?
The North America Payment Gateway Market size is expected to reach USD 15.49 billion in 2025 and grow at a CAGR of 20.37% to reach USD 39.15 billion by 2030.
What is the current North America Payment Gateway Market size?
In 2025, the North America Payment Gateway Market size is expected to reach USD 15.49 billion.
Who are the key players in North America Payment Gateway Market?
PayPal Payments Private Limited, Stripe, Inc., Block, Inc., Amazon Pay and WePay Inc. are the major companies operating in the North America Payment Gateway Market.
What years does this North America Payment Gateway Market cover, and what was the market size in 2024?
In 2024, the North America Payment Gateway Market size was estimated at USD 12.33 billion. The report covers the North America Payment Gateway Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the North America Payment Gateway Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
North America Payment Gateway Industry Report
Statistics for the 2025 North America Payment Gateway market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America 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.
