In 2019, the payment gateway market was valued at $17.2 billion and is expected to reach $42.9 billion by 2025. The payment gateway integration is one of the most critical aspects of every business and it allows for the collection of money through customer-preferred banks.

80% of the population of developed countries has access to the internet as of 2018. Whereas, only 45% of developing countries have access to the internet. Cumulatively, 51% of the worldwide population has internet access and has seen a consistent 8% growth year on year. The increase in internet penetration has been driving the growth of payment gateway integration, especially in developing countries.