AP NEWS

Allied Wallet Listed as a Key Player in $33.25 Billion Payment Gateway Market

October 2, 2018

LOS ANGELES--(BUSINESS WIRE)--Oct 2, 2018--Allied Wallet, a leading provider of online payment processing offering various payment solutions in 196 countries all over the world, was listed as a leading key player in the payment gateway market projected to reach $33.25 Billion in 2025.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20181002005197/en/

Verified Market Research Lists Allied Wallet as Key Player in Global Payment Gateway Market (Graphic: Business Wire)

Global Payment Gateway services are growing as e-commerce becomes more popular amongst modern society. Every online vendor needs a secure means for payment processing for their business.

Allied Wallet has been listed by Verified Market Research as a leading key player in the Global Payment Gateway Market that was valued at $10.21 Billion in 2016 with a CAGR (compound annual growth rate) of 14.02% from 2017 to 2025.

The Global Payment Gateway market is expected to reach over $33 Billion as its led by Allied Wallet and companies like PayPal, Adyen, and Stripe, according to Verified Market Research studies.

Adyen recently saw an IPO Valuation over $15 Billion and Stripe’s valuation was recently released as $20 Billion, more than doubling its previous valuation only two years ago.

“We’re very happy to be leading the industry alongside companies like PayPal and Stripe. Many of our customers are previous customers of theirs, and we pride ourselves on providing the best service while adding new and innovative features,” said Allied Wallet CEO Andy Khawaja.

This key player in Global Payment Gateway services has earned their reputation by leading the industry for over 13 years with over 150 million users globally.

Allied Wallet briefly discussed the possibility of going to market in the first quarter of 2019 earlier this year and exploring potential IPO and other options.

As the Fintech industry sees its highest valuations in history, only time will tell what is in store for these Fintech companies as their market continues to grow.

See the Verified Market Research Report here.

About Allied Wallet:

Allied Wallet continues to revolutionize the e-commerce industry by introducing new and innovative payment processing solutions for online merchants, enabling them to send and receive global payments. With PCI compliant merchant services for nearly any business size, Allied Wallet provides a state-of-the-art payment gateway to optimize online transactions. Please visit www.alliedwallet.com/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20181002005197/en/

CONTACT: Allied Wallet

A.J. Almeda, 310-424-5495

aalmeda@alliedwallet.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: ONLINE RETAIL PROFESSIONAL SERVICES ACCOUNTING FINANCE RETAIL

SOURCE: Allied Wallet

Copyright Business Wire 2018.

PUB: 10/02/2018 06:00 AM/DISC: 10/02/2018 06:01 AM

http://www.businesswire.com/news/home/20181002005197/en

AP RADIO
Update hourly