The Payment Gateways Market is projected to witness robust growth, with an estimated increase of USD 11.23 billion, reflecting a compound annual growth rate (CAGR) of 13.42% during the period from 2023 to 2028. Key drivers behind this growth include the rapid adoption of contactless payment solutions, such as virtual cards, which are favored for their convenience and hygienic attributes. Additionally, there is a marked increase in the demand for Point of Sale (PoS) terminals as users seek more efficient transaction processing capabilities. Furthermore, the trajectory of the market is closely linked to a strong commitment to customer satisfaction. Businesses are focusing on delivering seamless payment experiences and expediting transaction processing, which in turn fuels the demand for cutting-edge PoS technologies and cardless ATMs. Together, these trends underscore the essential role of contactless payments and PoS systems in modernizing the retail landscape, enhancing efficiency, and improving customer interactions.

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