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business Business Commerce ePayment payment solution Uncategorized

Top Challenges In Developing A Payment Gateway Solution

We are living in the digital world, where all our commercial activity happens online. The rise of smartphones has leveraged digital exposure to each and every part of the nation. A single click is sufficient for getting all your favorites at your doorstep.

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Top 10 Must Have Features of a Digital Payment Gateway

A Payment gateway is the simplest and efficient mode of payment for businesses to collect digital payments via a website or an application. The online transactions happen not only using credit/debit cards but also through numerous other payment modes like UPI, net banking, mobile wallets, etc… 

According to BusinessWire, the e-payment system market is expected to reach USD 42.9 billion by 2025, at a CAGR of 16.43% over the forecast period (2020-2025). This growth report signifies the essence of payment systems across the globe. Now let’s dive deep into the features that need to be present in building a robust payment gateway.