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Payment Orchestration Platform Market Growth Analysis & Forecast Report | 2023-2

The increasing shift from cash to digital payments, encompassing mobile and online transactions will drive the demand for payment orchestration solutions globally. Of late, consumers and several businesses are embracing the convenience of mobile wallets, online payment gateways, and contactless payment options.

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Payment Orchestration Platform Market Growth Analysis & Forecast Report | 2023-2

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  1. Payment Orchestration Platform Market 2023-2032; Growth Forecast & Industry Share Report

  2. Industry Insights • The increasing shift from cash to digital payments, encompassing mobile and online transactions will drive the demand for payment orchestration solutions globally. Of late, consumers and several businesses are embracing the convenience of mobile wallets, online payment gateways, and contactless payment options. • The proliferation of these payment methods has made way for complex payment ecosystem, adding challenges for businesses to manage diverse transactions seamlessly, further increasing the preference for payment orchestration platforms and solutions. With the ongoing expansion of digital payments, businesses are also adopting advanced payment orchestration solutions to stay competitive and adapt to the changing dynamics of the financial industry, further boosting the market revenue.

  3. Payment orchestration platform market from the cross-border transaction segment is set to record significant growth between 2023 and 2032. This can be attributed to the rising number of cross-border payments since the COVID-19 epidemic driven by the prohibition of international travel and the tightening of government boundaries. • According to Mastercard data, 47% of small firms are doing more overseas business than before the pandemic. Payment orchestration platforms streamline these processes by facilitating efficient and cost-effective cross-border transactions for businesses for ensuring compliance with international regulations. The rapid globalization of e-commerce is also surging cross-border transactions, further driving the market growth. • Payment orchestration platforms market from the B2B platform segment is poised to generate substantial revenue by the end of 2032. The shift towards digitalization is driving the adoption of payment orchestration platforms by businesses to manage complex B2B transactions through multiple currencies and various payment methods.

  4. Regional Analysis Asia Pacific held sizable share of the payment orchestration platform market in 2022 and is set to depict robust growth rate through 2032 attributed to the rapidly evolving payment landscape, increasing digitalization, and the surge in e-commerce activities in the region. According to Mastercard, 20% of Australians shopped from international suppliers in 2021 while 60% of Asians conduct payments through digital wallets. • Competitive Analysis • Akurateco, Spreedly, IXOLIT Group, Razorpay, Modo Payments, Aye4fin GmbH, BNT Soft, Payoneer Inc., CellPoint Digital, Stripe, APEXX Fintech Limited, and Rebilly.

  5. Payment Orchestration Platform Market@ https://www.gminsights.com/industry-analysis/payment-orchestration-platform-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/6427 Request for customization: https://www.gminsights.com/roc/6511

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