Payment gateways are critical to the growth of any online business, especially e-commerce. Unfortunately, today's e-commerce environment is plagued by slow payment processes and a complicated checkout process—both leading to high abandonment rates. Therefore, e-commerce platforms strive to provide a hassle-free checkout experience to reduce abandonment rates. In this article, we'll discuss some of the largest payment gateways available in the global and regional markets. We have identified PayPal, Square, Razorpay, Adyen, and Stripe as the largest payment gateways based on their Total Payment Volume (TPV).
