Dismantling 80 mainstream payment agencies and wallets worldwide

Hello, I'm Chen Tianxi。

More than 200 countries and territories around the globe, thousands of payment modalities, complex regulatory plates, changes in cross-border exchange rates, and individualization of multiple payment zones divide global payments ecologically into numerous regions. Through local clearing networks, cross-border clearing networks, through mutual cooperation and links, and through cooperation with banks, they have worked together to create a global payment ecology that brings together global financial flows。

I COMBED THE 82+ MAINSTREAM GLOBAL PAYMENT AGENCIES, WALLETS, MONEY TRANSFER AGENCIES, CARD ORGANIZATIONS BY REGION AND BY ECOLOGICAL STATUS. THEY HAVE SPECIAL ORDERS, MONEY TRANSFERS, WALLETS, PISTOLS AND ACCELERATORS。

I think this paper will be very helpful in identifying global patterns and distribution of payments。

01 Our native system

Given that the readers are mostly domestic practitioners, let's start with Chinese players and go beyond it。

1. ants International

The ants International, based in Singapore and mainly in Asia, Europe, the Middle East and Latin America, is a leading global provider of digital payments, digitization and financial technology, committed to promoting inclusive growth through sustained innovation and broad cooperation. ants InternationalAlipay+I don't knowAntomI don't knowBettrI don't knowWorldFirstComposition。

Alipay+A single gateway, located in the world ' s leading modes of payment, a single wallet gateway for cross-border payments and digital services, connects global traders with billions of mobile users worldwide, and connects global businesses with one interface, allowing them to collect electronic wallets in more than a dozen countries in Asia. Gcash, Kakao Pay, TrueMoney, Touch 'n Go, the mainstream South-East Asian wallets, are in its network. The bottom is the technical base of an ant and the ability to process funds across borders, supporting the cross-border billing, interlocking wallets and marketing of members. Alipay+ is unique in that it is not a substitute for the local wallet but a connection to the local wallet。
AntomIt is the brand of paid and digitized services by businesses under the international flag of ants, which is fully active in overseas markets after 2024. Many people are unable to distinguish between Alipay, Alipay+ and Antom. In short, Alipay is a payment tool for our markets, Alipay+ is a polymer layer connecting global wallets, and Antom is an overseas billing service provided by Ants International to businesses, that is, to help global traders access the technical capacity and payment networks of ants. Antom's core competencies are “Aggregation of Payments plus Digital Added”. More than 300 payment methods have been supported, covering credit cards, digital wallets, bank transfers, first-order payments, consumers in over 200 markets and over 100 currency settlements. Unlike a pure gateway such as Stripe, Antom is not only a biller, but also an overpaid digital service, such as scrutinizing restaurants, e-membership marketing for retailers, smart routeing for electric power platforms and withholding payments。

BettrIt's the corporate financial management platform launched by ants International in 2024, and many people may not have heard of it, but it's the one behind ants International's four major business blocks. If Antom is a billing interface, Alipay+ is a wallet polymer and Miles is a cross-border account for small and medium-sized enterprises, Bettr is a financial management system dedicated to large multinational enterprises。
WorldFirstCollection and fund management of major services across borders. Many sellers of Amazon, Shopee, eBay, were first exposed to cross-border payments starting with a million miles of remittances. Its core product is a global multi-currency account, where sellers remit an account in 10,000 miles, which generates local collection numbers from the United States, the United Kingdom, Europe, Hong Kong, Japan, etc., and the Platform makes a direct account of the funds, which is then exchanged, paid to the supplier within a million miles. After being bought by an ant, the change in the Miles is connected to an ant's ecology. Now that the Miles Account is connected to Alipay+, Antom, and Bettr, sellers can pay overseas suppliers directly through Antom ' s money from the Miles Account, they can buy Bettr ' s risk avoidance products at the exchange rate of the Miles money, and cross-border sellers and offshore businesses can complete the full process of collection from payment to funds transfer in one account。

2. Microcredit International

Unlike Alipay+'s polymeric route, Micro-Credit International is following our tourists. It's everywhere we go。

The products are cross-border receipts, i.e., access to Twitter payments for overseas businesses; offshore wallets, of which WeChat Pay MY landed in Hong Kong and Malaysia; and cross-border marketing, which sends coupons from our users to overseas businesses. Advantage markets are South-East Asia, Japan, South Korea, and European tourist countries. Its moat is not technology, but the wallets of our users are used to, and micro-credit payments are preferred for travel abroad. For overseas businesses, the mail payments are not intended to serve the local population, but to accommodate the consumer power of our tourists。

And..Tenpay Global Global Cash StationIt is a one-stop approach to mainstream global payments for micro-credit processors, which enables them to easily receive payments from consumers across countries in small process scenarios. The global cashier service is currently open to Singapore and Macao, China。

Company International

Company International is a cross-border payment board under a series of digital flags, backed by a domestic payment licence accumulation and global billing network。

Its product lines are complete: global collection accounts, cross-border payments, foreign exchange exchange, VAT tax services, business wallets. This combination of boxing is a cross-border power vendor's full-link demand: From the return of the Amazon, Hopee platforms to vendor payments, tax payments, exchange rate risk management, one round. 100+ Global Electrician Platform, which is seamlessly linked to Amazon, TikTok Shop, Hopee, SHEIN, and so on。

THE ADVANTAGES COVER EUROPE AND THE UNITED STATES, SOUTH-EAST ASIA AND LATIN AMERICA, AND ARE MORE PERMEABLE IN CROSS-BORDER ELECTRIC OPERATORS, FOREIGN TRADE B2B, STUDY-ATTENDANCE PAYMENT. IT WAS CHINA ' S MONEY CONTROLLER WHO HELPED THE SELLER TO SMOOTH THE COMPLEX CROSS-BORDER FLOW OF FUNDS, RATHER THAN JUST A COLLECTION CHANNEL。

4. PingPong

PingPong is also the main source of cross-border payments from Hangzhou, starting with Amazon collections and gradually expanding to the collection, exchange of remittances and payment by suppliers of global mainstream power suppliers (Wish, Hopee, Mercado Libre)。

Its core capacity is to interface with the global electric power platform in depth, with the vendor backstage directly tied to the PingPong account, and the return is automatically recorded, and can then be paid to the supplier, VAT and cashed to the country. In Europe, Japan and South-East Asia, the market for dominance is a group of cross-border suppliers of electricity. It is based on transparent rates, fast billing and compliance, with a strong reputation in Chinese seller circles. In recent years, trade in services has also expanded, such as games to sea and the global collection of SaaS receipts。

5. XTransfer

XTransfer's focus is different from those above - it's a cross-border collection of B2B from foreign trade。

This market suffers from difficulties in opening Hong Kong accounts for small and medium-sized foreign trade enterprises, high rates and high compliance risks. XTransfer works with global majors such as Morgan Chase and Deutsche Bank to provide foreign-trade enterprises with a global collection account to address the high threshold for opening accounts, the denial of receipts and the problem of remittance。

PRODUCTS INCLUDE GLOBAL COLLECTION ACCOUNTS, SWAPS, AND WIND CONTROL COMPLIANCE SERVICES. THE DOMINANT MARKETS ARE IN EUROPE AND THE UNITED STATES, HONG KONG AND SINGAPORE, AND THEY ARE WELL REPRESENTED AMONG THE SOHO GROUP OF SMALL AND MEDIUM-SIZED FOREIGN TRADE FACTORIES AND FOREIGN TRADE. IT CUTS THROUGH B2B, A SUB-MARKET THAT HAS BEEN NEGLECTED BY MAINSTREAM PAYMENT AGENCIES, TO MAKE SMALL AND MEDIUM-SIZED FOREIGN TRADE ENTERPRISES COLLECT INTERNATIONAL MONEY AS DOMESTIC PAYMENTS。

6. Coral crossing

Coral Cross-border Headquarters Hangzhou, focusing on cross-border receipts in South-East Asian and African markets。

It is characterized by intensive cooperation with local banks and payment agencies to address the problems of small emerging market currencies, high exchange rate fluctuations and slow return of funds. Products include local collection accounts, such as guilders, Vietnamese guilders, Thai baht, Naira, Nigeria, etc.; cross-border payments; exchange rate management. Advantage markets are better penetration in Indonesia, Viet Nam, Thailand and Nigeria, with cross-border electricians and foreign trade enterprises targeting these markets。

Photonlithic

Optical ease is new in the area of cross-border payments, mainly through the integration of global receipts。

Global collection accounts, international payments, issuing cards, exchange rate risk management and embedded finance can be provided. It is characterized by a relatively smooth product experience, an API file that is friendly and suitable for integration by enterprises with a certain technical capability. In the case of SaaS, there is a certain share of the collection by App developers。

02 Global payment infrastructure

THE PLAYERS ON THIS LEVEL ARE DOING THE LOWEST DIRTY WORK: PUTTING BANKS, CARD ORGANIZATIONS, LOCAL PAYMENTS TOGETHER IN A FEW LINES OF API, SO THAT DEVELOPERS DON'T HAVE TO DEAL WITH HUNDREDS OF SINGLE-LINE BUSINESSES AROUND THE WORLD。

8. Stripe

It's American, but it's Irish brothers' hyperbole. Its moat is a development priority。

The product matrix is complete: Payments billing, Connect platform splits, Treasury manages funds, and Radar learns fraud by machine. The dominant market is a SaaS subscription, an electrical platform in the United States and Europe, typically with Shopify, Zoom, Slack. It is worth $159 billion in gas, not fees, but developers' locks。

9. Adyen

A special edition of the Dutch major client. Unlike Stripe, it does not work as a small business, but only at the levels of McDonald's, Uber, Spotify。

It is sold on a single platform, with receipts, gateways, wind controls and data on a single technology warehouse, and without multiple suppliers. Strengths include retail chains, catering, transnational platforms in Europe and North America. Large clients are willing to pay extra fees for a closed data loop, a globally reusable solution。

Airwallex

Air clouds are the most technical of all three, Singapore and San Francisco. Its positioning is not for cross-border powerer receipts, but for global payment infrastructure. From the point of view of cross-border collection, it extends to global payments, exchange of remittances, issuance cards, fund management, through enterprise-level cross-border bank accounts. In particular, they integrate the full-process financial life cycle of enterprises, covering the full spectrum of cross-currency, cross-subject collection, fund management and payments。

Core products include global multi-currency collection accounts, international payments, foreign exchange exchange, cloud cards, funds management API, etc. Covering Asia and the Pacific, North America, Europe and the United Kingdom, the landscape is deeply permeable in cross-border SaaS, electrical platforms and offshore enterprises。

One billion dollars in annual revenue, between 500 and 1 billion for one year
The annual turnover is over $260 billion, 94 per cent of which arrives on the same day
More than 80 global financial licences covering over 200 countries and territories
Helping clients save $1.2 billion a year in cross-border costs
Over half of the clients use multiple products, with net recommended value rising from 50+ to 60+

Payoneer

Ann and Miles are often compared, but the two companies are different. When acquired by ants, the Miles are increasingly like a puzzle in the international ecology of ants; and Ann is an American stock listing company, more like an independent global player, with an annual turnover of over $80 billion in 2024, covering 190 countries and territories, supporting over 7,000 trade routes。

Established in 2005, 10 years before many cross-border paying players. Initially, it was helping globalized SMEs to deal with the pains of cross-border payments: security compliance, faster than banks, lower rates, just as the wave of cross-border electric generators from 0 to 1. Early cross-border collections by eBay sellers and Amazon sellers are largely based on Beneon. Pai An Ying is now playing a one-stop financial vault around."Collect, manage, increase, expand"and spread out four words。

Take itIt is a multi-channel collection that supports more than 40 electrician platforms worldwide, such as Amazon, Shopee and América, as well as local collection accounts in currencies such as United States dollars, euro, pound sterling, Japanese yen and Mexican pesos, which can be used by vendors to collect money from local accounts and to save intermediate costs for cross-border transfers。
PipeIT IS THE MANAGEMENT OF FUNDS IN MULTIPLE CURRENCIES, WITH MORE THAN 70 CURRENCIES IN THE ACCOUNT, FREELY EXCHANGED, BULK PAYMENTS TO SUPPLIERS AND VAT。
IncreaseIt's a growth power, a product called the Olive branch program, which connects Chinese sellers to more than 40 electric power platforms around the world, which is equivalent to a green channel, and wants to connect you with Wal-Mart electricians, Metsto, and Korean Kuo-Yung。
TakuMarket expansion, including data insight, localized operational support, and even a summit with the Latin American electrician giant Mercosur, is planned to enable 600 Chinese enterprises to enter the Latin American market within three years。

12. Checkout.com

The player from London is called Stripe's mirror in Europe, but it's more customised and paid for。

Instead of a standardized plug-in shop, it sends a solution team to write codes and adjust parameters with large clients, especially in the high-compliance industries of encrypted currency, foreign exchange and games. Clients include Coinbase, Sony, Shein。

PayPal

Big brother of the global digital wallet, over 400 million users. It is based on the consumer side, starting with the buyer ' s account and retrogressing commercial access. Following the acquisition of Braintree in 2013, large clients such as Uber and Airbnb were also served。

Its biggest asset is user habits: a lot of people don't want to lose cards, but PayPal goes。

14. Square/Block

The soft and hard-line route follows: small micro-businesses under the line with a white small card reader, extended out of Square Online to help them make online malls, Square Capital for microloans, Cash App for consumer purses。

Its soul serves those neglected by the banks: street vendors, food trucks, freelancers. In the United States, Canada and Japan, the advantage is that the subdivision of small microbusiness aggregate payments is the bar。

15. Bolt

Bolt is the United States one-key bill player who calls users to avoid repeating addresses and card numbers. It is in-depth integration with electric power platforms such as Shopify and Salesforce, providing branders with the ability to skip the closing pages. The goal is to make the infrastructure at the shopping car level。

03 Traditional Monopoly

Technology companies play product and developer ecology, but these players play billboard licences and business networks。

16. Worldline

National teams in Europe. The combination of payments from Atos, France, and a number of European collections is essentially one-lined, with European countries receiving a single licence plate。

In particular, in the area of POS receipts, its terminals are everywhere in France, Germany and Belgium. The customers are large local European retailers, food chains, public institutions. Worldline ' s gateway could simplify cumbersome and complex payment processes for global businesses while providing consumers with more local payment options。

Global Payments

The United States is a single giant, operating in favour of North America and across borders. There are several brands such as the Service Catering Retail Heartland, OpenEdge for SMEs and Evo for Europe and Latin America。

Core competencies are full-source billing: online, underline, mobile. In the United States, Canada, the United Kingdom and Australia, clients include large retailers, hotels, health care, education。

18. JP Morgan Chase/Paymentech

The merchant billing sector under Morgan Chase's flag is the highest in the world on a perennial basis。

Its core advantages are not technology, but clearing networks and one-stop banking services, and enterprises leave payments and funds management in one bank to avoid multiple problems. Almost all clients are over 500 people in the world, such as Amazon, Starbucks, Wal-Mart。

19. Fiserv/First Data

The largest commercial billing service in the world by number of terminals. The field of down-line POS has accumulated in depth, with Clover being one of North America's best-selling smart POS。

Product coverage ranges from microbusinesses to large enterprises. Catering, retail, gas stations in the United States, Canada, the United Kingdom, Australia. Its methods are wide-spread, product-oriented and stable。

Elavon

Elavon is the global payment processing service provider under the umbrella of U.S. Bank. Focusing on providing safe and efficient payment solutions for businesses, supporting a variety of transactions such as credit cards, debit cards and mobile payments. Zenium

Advantages in Europe and North America are highly permeable in the aviation, hotel and tourism industries. It is characterized by a deep-seated relationship with the management of the funds of the parent bank, which allows large enterprises to settle receipts and public accounts on a one-stop basis。

21. Nexi

Italy's second largest European single line, after Worldline, integrated northern European Nets and German Concardis through mergers and acquisitions。

Its strategy is to open up a fragmented European billing market with a scale effect. The advantages are in Italy, Northern Europe, Germany, Austria ' s retail chains, public institutions, electrical platforms。

22. EVO Payments

It is a global commercial billing agency and payment processing company that provides payment solutions primarily for businesses in North America and Europe. Headquarters in the United States was acquired by Global Payments in 2021, but the brand operated independently。

IT HAS STRONG BILLING NETWORKS IN CENTRAL AND EASTERN EUROPE AND LATIN AMERICA, ESPECIALLY IN POLAND, THE CZECH REPUBLIC AND MEXICO. PRODUCTS INCLUDE POS RECEIPTS, PAYMENT GATEWAYS, AND CARD PROCESSING。

04 Asia-Pacific and South-East Asia

Asia and the Pacific is the region with the highest density of electronic wallets and the most active market for cross-border payments. The players here are divided into two categories: Wallet Composers, who help international merchants to connect to more than a dozen purses; and Kings of local purses, who can't get around their own territory。

23. 2C2P

Old players were bought by Fiserv in 2023 but the brand operated independently. For more than a decade in South-East Asia, it has consolidated 250 local payment modes such as bank transfers, electronic wallets, counter cash, and operator charges into a set of API。

In Thailand, Singapore, Malaysia, and Viet Nam, there are mainly cross-border electricians, game distribution, digital content subscriptions. Clients include UAA, Nike, and Uniqlo. In the past few years, the government has been trying to help international businesses not to connect themselves to dozens of local payers in South-East Asia。

24. Xendit

$300 million in financing in 2022. It is a hard-eating infrastructure from Indonesia because of the fragmentation of the islands, low bank penetration and fragmentation of payment methods, Xendit transfers virtual accounts, cash payments from retail stores, and the complete standardization of electronic wallets into API。

It's like Stripe's culture: developer first, file clean, support sandbox testing。

25. Doku

Old players paid locally in Indonesia were founded in 2007 and subsequently acquired by the Indonesian telecommunications giant Telkom. Virtual account transfers and ATM transfers were secured in Indonesia during the outbreak。

Products include billing gateways, bulk payments, electronic wallets. In Indonesia alone, the advantage is that it covers most of Indonesia ' s front-line electricians and online traders, including Tokopedia, Bukalapak and Traveloka. It is typical of a single market penetration。

26. Midtrans

Another major payment gateway in Indonesia was acquired by GoTo, which was deeply integrated with GoPay。

Products include the receipt gateway, route payment and instalments. Focusing on providing safe and efficient payment gateway solutions for enterprises in the electricity, subscription services, education, finance, etc. Up to 24 local methods of payment are supported, including electronic wallets such as GoPay, OVO, Dana, credit/debit cards, bank transfers, cash payments at convenience stores, etc。

GHL Systems

MALAYSIA ' S LISTED COMPANY, AN ESTABLISHED SOUTHEAST ASIAN PAYER, WAS ESTABLISHED IN 1999. IT IS A TWO-LEGGED OFF-LINE BILL + LINE, WITH SINGLE LICENCE PLATES AND A POS TERMINAL NETWORK IN MALAYSIA, THE PHILIPPINES, THAILAND AND INDONESIA. PRODUCTS INCLUDE POS RECEIPTS, PAYMENT GATEWAYS, PREPAID CARDS ISSUED。

28. GrabFin / GrabPay

The financial technology block under Grab. Grab made a drop-and-square in South-East Asia and paid for it。

Products include user-based GrabPay wallets, business receipts, microcredits, insurance. Covering six countries in South-East Asia, they have a natural monopoly on Internet-based vehicles, off-sale and fresh distribution payment rings. It's not technology, but presence control。

29. GoPay

A wallet under the Goto flag, one of two in Indonesia. Similar to GrabPay, they start up on the Internet by means of a car and a shopping mall, which then extends to submersible payments, business receipts and microloans. We're tied to the ecological depth of GoTo。

30. OVO

Another big purse in Indonesia, backed by the Indonesian consortium Lippo Group and Grab, is also an OVO shareholder. OVO has a wide range of offline businesses in Indonesia, particularly in the areas of convenience stores, restaurants and retail. It is characterized by open wallets, which serve not only a superapp but are integrated into various Apps as a universal payment tool。

31. DANA

Indonesian local purse, Ant Group strategic investment. During the Great Wallet War of OVO, GoPay and DANA in Indonesia, DANA, with the technical support of the ant and the penetration of the scene, was firmly attached to Bukalapak and BRI banks。

THE PRODUCT CORE CONSISTS OF WALLETS, P2P TRANSFERS, SWIPE PAYMENTS, BILLING FEES; AND BUSINESS RECEIPTS. IN INDONESIA'S SECOND-AND-THIRD-LINE CITIES AND MICROBUSINESSES。

TrueMoney

Thailand ' s largest electronic purse, with its back on a large group and ant group. TrueMoney does not only make wallets in Thailand, but also has a nationwide proxy network, like GCash in the Philippines, where users can deposit cash in their wallets at 7-11 or TrueMoney. Support mobile payment services in several countries, including Thailand, Cambodia and Viet Nam。

33. GCash

The Philippines ' largest electronic purse, with more than 80 million users, covers almost all adult Filipinos. It is a digital bank of Filipinos, not only a payment tool, but also a full range of financial services such as deposits, loans, insurance, investment, cross-border remittances. Including GCash wallets, business receipts GCash QR, microfinance, deposits. The Philippines is an absolute ruler in the payment ecology。

34. Maya

Another big purse in the Philippines, upgraded to Maya in 2022, evolved from a simple wallet to a “bank + wallet + billing” integration. Digital Bank plates in the Philippines were obtained, and Maya Bank provided deposits, loans, credit card services. The products include Maya wallets, Maya Business, Maya Bank. Its strategy is to bind payments and finances with bank plates。

35. Kakao Pay

Korea's national wallet, which grew out of the Korean version of Micro-Intelligence Kakao Talk. Korean users issued red bags, transferred funds, paid utilities, bought insurance and bought funds, all of which were handled in Kakao Talk. The advantage is in Korea, where the C-end penetration rate is close to 90 per cent. Its moat is the social chain of Kakao Talk, and the payment is an extension of society。

36. Naver Pay

Another large national wallet in Korea, backed by Naver, is the largest search engine in Korea. Unlike Kakao Pay, Naver Pay's strength is the electric business scene, Naver Shopping is the largest electric power platform in Korea, and Naver Pay is its default payment。

PayPay

Japan's 2D paid hegemonic. Japan was originally a cash kingdom, and since the establishment of PayPay by soft silver and Yahoo Japan, the 2-dimensional payment has been extended to the hard-core students of the Great War with 10 billion yen。

This is mainly due to the swipe of wallets, transfers and commercial receipts. The advantage is under the Japanese line of convenience stores, restaurants, small retail sales, with more than 60 million users and 4 million businesses. It is a typical case of capital-driven payment expansion。

Line Pay

Another big purse in Japan, backed by mainstream Japanese social service App Line. Line Pay has the advantage of being tied to Line's social ecology, where users can send red bags, transfers, payments. They include Line Pay wallets and business receipts。

39. Rapyd

BRITISH/ISRAELI HEADQUARTERS, BUT WITH GLOBAL OPERATIONS. IT'S THE AGGREGATE OF THE PAYMENT. COMBINING MORE THAN 900 PAYMENT MODES GLOBALLY, INVOLVING CARDS, WALLETS, BANK TRANSFERS, CASH, ETC., INTO A SET OF APIS, ALLOWING ENTERPRISES TO CONNECT GLOBALLY WITH ONE INTERFACE。

These include receipts, issue cards, fund management, foreign exchange exchange, etc. It mainly serves cross-border payment scenarios in emerging markets such as Latin America, South-East Asia and the Middle East. Clients are mainly multinational enterprises, offshore platforms, and SaaS companies that require global payments。

05 Latin America

Latin America is a highly complex market for payments, with low credit card penetration, a strong cash culture and a volatile political situation, but it has also given rise to a number of payment agencies that address particular pain points。

Mercado Pago

The payment platform under Mercado Libre, the Latin American electrician giant, is the cornerstone of the ecosystem of payments throughout Latin America. It is the electrician + payment integration, where users buy at Mercado Libre, by default pay with Mercado Pago, then go from the electric business scene to a line sweep, a P2P transfer, investment finance. Covers major Latin American countries such as Argentina, Brazil, Mexico and Chile。

Its moat is Mercado Libre's electric business scene, which can be described as a Latin American “paying treasure”。

41. PagSeguro

The Brazilian payment giant was established in 2006 to enable small Brazilian businesses to take credit cards. It involves swipe machines, 2-D payments, online billings, bank accounts. In particular, penetration rates are extremely high among micro-businesses, freelancers and self-employed persons. It plays like Square in the United States: prying the market with hardware and tying customers with bank accounts. It is also one of the largest providers of online payment solutions in Latin America, mainly for e-commerce, virtual shops and the online and face-to-face payment needs of physical businesses。

Stone

Another large Brazilian bill player who competes directly with PagSeguro. In contrast, Stone favours medium-sized businesses and business clients, including POS terminals, payment gateways, business bank accounts, credit. Retail chains, catering and service industries in Brazil have advantages. Its strategy is to provide service providers with a full life cycle, from receipt to financial management。

43. Cielo

Brazil ' s largest single bank was established by a joint venture of the Brazilian banks Bradesco and Banco do Brasil. It is the King of Banks, with the largest POS terminal network in Brazil. Includes POS billings, payment gateways, prepaid cards, etc. Coverage of spectral systems from large retailers to small microbusinesses。

44. Getnet

Another major single bank in Brazil belongs to the Santander Group of Banks. Similar to Cielo, but deeper penetration of small and medium-sized businesses. Products include POS receipts, payment gateways, digital accounts, etc。

45. Clip

Mexico ' s payments were new and were marketed at $2 billion in 2021 and subsequently privatized. Its products are POS terminals and two-dimensional code payments, mainly for small and medium-sized microbusinesses in Mexico. Mexico has a low credit card penetration rate, with Clip taking a large market for micro-businesses with low-threshold hardware and flexible settlement cycles。

46. Conekta

Mexico's payment gateway, mainly friendly to developers, is known as Stripe in Mexico. Online billing, instalments and optimized route of payments can be provided. In Mexico, there are more fragrances in the fields of electricians, SaaS and digital products. Clients include Uber Eats and Shopify Mexican traders. The ecological value is to provide international businesses with access to Mexico's complex local payment networks, such as OXXA's cash payments。

47. Kushki

Ecuador has a payment gateway, which covers many Latin American countries, such as Mexico, Colombia, Chile and Peru. It is a Latin American uniform payment layer, with a set of API covering local payment patterns in Latin American countries. It is mainly in Mexico, Colombia, Chile, cross-border electricians, SaaS receipts, etc。

48. Yuno

The Colombia/United States payment organization platform, which was rapidly financed after its establishment in 2022. Its product is the payment hierarchy, which helps businesses to move dynamic routes from trading to optimal billing lines, increases authorization rates and reduces costs. There is a certain share in large electric power platforms and in cross-border businesses。

Europe and the Middle East

EUROPE IS THE REGION WITH THE MOST STRINGENT REGULATION OF PAYMENTS, WITH PSD2, STRONG CUSTOMER CERTIFICATION, ANTI-MONEY-LAUNDERING RULES STACKED, BUT ALSO A NATURAL HUB FOR CROSS-BORDER PAYMENTS。

49. Klarna

Sweden's first buyer and first payer, one of Europe's highest-valued financial technology companies. Positioning is to make the shopping experience more silky, and users buy items that can delay payments and be paid in instalments without having to pass cards on the closing page. The services were paid for Pay Later, Slice It, Klarna App. In Europe, North America, fashion, make-up and home-based electricity businesses are deeply permeable。

50. Afterpay

The Australian BNPL player was subsequently acquired by Block. Similar to Klarna, but more focused on young consumers and North American markets. The product was a four-stage interest-free break, with the user opting for Afterpay in four instalments and the buyer receiving the full amount once. There is high acceptance among young consumer groups in North America, Australia and the United Kingdom。

Clearpay

Afterpay ' s brand name in Europe is mainly in the United Kingdom, France and Italy. The product logic is the same as Afterpay, which is an important player in the European BNPL market。

52. Sofort

On-line bank transfer payments in Germany were subsequently acquired by Klarna. Sofort is unique in Europe, where users directly log in to make payments on their own bank, and businesses receive immediate confirmation that they do not need credit cards, i.e., the way in which money transfers are made. Online banking systems covering European countries such as Germany, Austria, Switzerland, Belgium and the Netherlands. For European electric operators, Sofort is one of the necessary local payments。

53. iDEAL

In the Netherlands, the online payment modality at the national level is not a company, but a payment standard introduced jointly by major Dutch banks. Users choose iDEAL when shopping online and jump directly to their own bank to complete payment. Because of the low credit card penetration rate in the Netherlands, iDEAL has taken over 60 per cent of the Dutch electrician ' s payment market. International merchants sell to Dutch consumers, mostly to iDEAL。

54. Bancontact

In Belgium, payments at the national level, similar to iDEAL, are the preferred option for Belgian consumers to shop online. The product is a net transfer payment, covering almost all Belgian banks. The Belgian market is served by international businesses, and Bancontact is the standard。

55. Twint

The Swiss Mobile Payment App, launched by a number of Swiss banks. It is a Swiss purse, with a very high penetration rate of commercial and P2P transfers under the Swiss line. This includes sweep payments, P2P transfers, billing fees. In Switzerland alone, it dominates payment ecology。

56. Bizum

The Spanish Mobile Payment App, launched by various Spanish banks. It is an instant transfer tool for Spaniards, which allows users to transfer each other with a mobile phone number and online traders to access Bisum receipts. In Spain, P2P transfers and electricity-business penetration rates are high。

57. Blik

Mobile payments in Poland are introduced jointly by several Polish banks. Its special feature is six dynamic codes, which the user generates in the bank App a six-digit number when the electronics firm closes its accounts, so that the payment can be made on the business page. Online payments, ATM withdrawals, P2P transfers. In Poland, payment ecology is absolutely mainstream。

PayU

The Dutch Prosus-flagged payment company, focused on emerging markets. In India, Turkey, Poland, Latin America and South-East Asia there are local billboard licences and business networks. Services include online billing, payment gateways, credit, etc. There is greater penetration in the areas of cross-border electricians, game distribution, digital subscriptions. It represents the emerging market payment network。

Paytm

India's largest payment platform, starting with electronic wallets, was later issued with a bank licence and became a “pay + bank + electrician” complex. It involves Paytm's wallet, Paytm Payments Bank, business receipts, electric power platform Paytm Mall. On-line sweeps, P2P transfers, and small microbusinesses receive single scene coverage。

Razorpay

India's payment gateway, called Stripe in India. Products are on-line billing, payment route, subscription management, cards, micro-credit. The main hitrs in India, SaaS, and digital products are the first payment gateway for Indian developers and start-ups。

Cashfree

Another major payment gateway in India competes directly with Razorpay. Products and services such as cable receipts, bulk payments, route payments, wind controls, etc. There are strong advantages in the electricity industry, financial technology, education, and the B2B payment scenario。

07 Middle East and Africa

Paytabs

Payment gateway for the Middle East and North Africa, Saudi Arabia, United Arab Emirates, headquarters. Products such as cable receipts, route payments, instalments, cards, etc. In the Middle East, electricity, tourism and aviation scenes are deeply permeable。

Checkout.com

As mentioned earlier, the Middle East market is particularly worth mentioning. Checkout.com's early deployment in the Middle East, with single licence plates from Saudi Arabia, the United Arab Emirates and Egypt, is one of the preferred payment gateways for large and multinational enterprises in the Middle East。

Flutterwave

AFRICA ' S PAYMENT UNICORN, BASED IN THE UNITED STATES AND NIGERIA, COVERS MANY AFRICAN COUNTRIES. THE STANDARDIZATION OF PAYMENTS IN AFRICA INTO API HAS HELPED INTERNATIONAL ENTERPRISES TO CONNECT TO LOCAL PAYMENTS IN AFRICAN COUNTRIES. INCLUDES RECEIPT GATEWAYS, BULK PAYMENTS, ISSUE CARDS。

Paystack

Nigeria ' s payment gateway was acquired by Stripe in 2020 at $200 million. It is the most popular payment gateway in Nigeria and has a good reputation among African developers. Products include online billing, payment route, subscription management, etc. There is a strong base for the African electrician, SaaS scene。

66. Interswitch

Nigeria ' s old payer company, founded in 2002, is an important player in Nigeria ' s payment infrastructure. Products include payment gateway Verve, issue card processing, POS billing, wallet Quickteller. Covers the entire chain from inter-bank liquidation to the receipt of a commercial account。

67. M-Pesa

The most successful mobile wallet in Africa was launched by Kenyan telecommunications operator Safaricom. In Africa, where smartphone penetration is low, M-Pesa is able to make transfers, payments, deposits, loans using a functional machine. These include P2P transfers, business receipts, and microfinance. Covers East African countries such as Kenya, Tanzania and the Congo and is represented by African financial science and technology。

08 Cross-border remittances and transfers

PLAYERS IN THIS CATEGORY DO NOT ACT AS MERCHANTS ' RECEIPTS, BUT AS TRANSFERS FROM COUNTRY A TO COUNTRY B: REMITTANCES, SWAPS, BULK PAYMENTS。

68. Wise

United Kingdom-based cross-border remittance platforms. Products include individual cross-border remittances, multi-currency accounts, in which users can hold more than 50 currencies; debit cards, which are withheld in local currency for consumption abroad. The global coverage is highly permeable in the context of individual remittances, freelance payments and cross-border payments by SMEs。

Remitly

The United States ' cross-border remittance platform focuses on transfers from developed to developing countries. Focusing on individual remittances, from the United States, Canada, the United Kingdom to Mexico, the Philippines, India and Nigeria. The quickness and availability of the accounts allows the payee to choose the bank account, the cash withdrawal and the mobile wallet。

70. WorldRemit

Britain's cross-border remittance platform, similar to Remitly, focuses on emerging market remittances. From Europe, North America, Australia to Africa, Asia, Latin America. Purely on-line, no off-line points, lower cost。

71. Xe

Canada ' s foreign exchange and remittance platform is the remittance service of the known exchange rate reference website XE.com. Includes individual remittances, bulk payments by enterprises, foreign exchange risk management. Exchange rates are transparent and have a high visibility in the global market for individual remittances。

72. OFX

CROSS-BORDER REMITTANCE PLATFORMS IN AUSTRALIA AND THE UNITED STATES FOCUSING ON CROSS-BORDER PAYMENTS BY SMES. INCLUDES CORPORATE REMITTANCES, BULK PAYMENTS, FOREIGN EXCHANGE EXCHANGE. REMITTANCES FROM AUSTRALIA, NEW ZEALAND, THE UNITED STATES AND CANADA TO THE GLOBAL LEVEL HAVE PERMEATED THE B2B PAYMENT SCENE FOR SMES。

Western Union

Western Union, 100-year-old store for global cross-border remittances. Cash-to-cash... Cash is paid at a Western link point, and the recipient collects cash at a Western link point in another country without needing a bank account. This is the infrastructure for global remittances, especially in countries and regions with low bank penetration rates, where Western Union is the main channel for remittances. Digital channels have also been online in recent years, but offline points remain its core asset。

74. Moneygram

The second largest remittance company in the world, similar to the Western Union, makes cash-to-cash transfers. From the United States, Europe to Latin America, Africa, Asia. Digital channels and emerging market layouts are being strengthened after acquisition in 2023 by Madiq, Abu Dhabi Holdings。

75. Ria

The third largest remittance company in the world is under the Euronet flag. Similar to Western Union, Moneygram, but more focused on America’s corridors to Latin America, especially Mexico. There is a high penetration rate among Latin American immigrant groups in the United States。

09 Payment card organization and liquidation network

Finally, the payment card organizations, which are not payment agencies, cannot be bypassed by the entire ecosystem of payment。

76. Visa

The largest card organization in the world covers more than 200 countries and territories. It is a payment network operator, which does not issue cards, does not charge bills, but is linked to the issuer and receipt lines and handles the settlement of transactions. In recent years, Visa Direct, Visa B2B Contact has also been pushed。

77. Mastercard

The world's second-largest card, similar to Visa. Mastercard invested more in B2B payments, cross-border remittances and the issuance of virtual cards, including real-time payments for Master Send, multi-scenes payment token Multi-Token。

78. Silver Union International

Chongryon International Business Block. The Federation ' s offshore processing network already covers more than 180 countries and territories, particularly in Asia-Pacific markets such as Australia, Japan and South-East Asia. In recent years, new operations such as the Silver Union 2D Code and the Union ' s cross-border remittances have also been promoted。

79. American Express

American Express, model for the integration of card organizations and issuers. It locates high-end cardholders and high-end businesses. The cardholders are well-consumable and the merchants are willing to pay higher fees to serve this group of customers. High-end retailing, tourism, catering scenes in North America and Europe are unique。

80. JCB

JAPANESE CARD ORGANIZATIONS, MAINLY IN JAPAN AND ASIAN MARKETS. JCB HAS A HIGH SHARE OF THE DOMESTIC MARKET IN JAPAN, AND IN RECENT YEARS HAS ALSO BEEN EXPANDING ITS OVERSEAS PROCESSING NETWORK, PARTICULARLY IN ASIAN MARKETS SUCH AS CHINA, KOREA AND SOUTH-EAST ASIA。

81. Discovery card

Discover, United States Card Organization, has a certain share of the United States market. It has a partnership agreement with the Federation, which allows it to brush on the Discover network and the Discover network。

82. International

Diners Club International, a long-standing card organization, now under the banner of Discover. There is a certain stock market in the Web at large。

Finally

After looking at almost a hundred institutions, you will find a tendency for the payment industry to move from the era of Grand Central to a multilayered infrastructure。

At the bottom of the scale are the network of cascading organizations, Visa, MasterCooper, the Federation and Bank Settlements. The next level is the single-line and payment gateways Worldline, Global Payments, Adyen, etc. API payments to developers, such as Stripe, Checkout.com. And up there are the payment rings in the Alipay+, 2C2P and SuperApp layers, such as GrabPay, Kakao Pay. There are also Wise, Western Union, Klarna, Afterpay, BNPL, iDEAL, Bancontact, Blik, which specializes in cross-border remittances。

No one's home to eat. Each player built a moat on its own ecological level: Stripe's developers locked, Adyen's big customers customised, Alipay+'s wallet aggregate, PayPay's subsidy for the market, PingPong's Chinese seller's reputation, M-Pesa's SMS, Western Union's cash network。

Pay, look simple, but once the moat is built, the world is invincible。

I'm Chen Tianxi, see you next time。