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What is a Payment Service Provider (PSP) and How Do They Work?

Stax

The dominance of cashless commerce means only businesses that ensure the seamless processing of in-store and online credit and debit card payments will remain competitive. The question is: how do payment service providers work and how can you choose the right one for your business?

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Cashfree Payments Launches UPI(Acquiring) Switch to Boost Success Rates for Online Businesses

Fintech Finance

Cashfree Payments , India’s leading payments and API banking company announced that its UPI(Acquiring) Switch has received certification from the NPCI and has started processing transactions.

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Aleph Acquires Controlling Equity Interest in Localpayment and Targets $1.4 Trillion Digital Payments Market

Fintech Finance

Aleph will be able to leverage its exclusive relationships with top-tier digital partners such as Amazon, Google, Snapchat, Spotify, TikTok, Uber, and X among others, along with over 26,000+ advertisers, digital native companies and online retailers to rapidly grow its payments solution.

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payabl. Launches Payment Accounts to Streamline Financial Operations for Businesses

Fintech Finance

a leading European financial services provider, today announced the launch of its Payment Accounts, a cloud-based, API-first solution designed to help businesses of all sizes manage their day-to-day payment needs within a single easy-to-use platform. Developed by payabl.’s Developed by payabl.’s With payabl.’s

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6 Asian Companies Recognized Among the World’s Most Promising in Cross-Border Payments

Fintech News

FXC Intelligence, a data platform specializing in the cross-border payment and e-commerce sectors, has released its annual selection of the world’s most promising cross-border payments companies in 2024. One of Singapore’s entries is Partior. million Series A funding round led by Sequoia Capital Southeast Asia.

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Payment Facilitator vs Payment Gateway: Key Differences and Similarities

Stax

In a world where we’re spending more and more time online and every click is a potential transaction, it’s no surprise the eCommerce and digital payments sectors are experiencing exponential growth. In this article, we’ll dive into the intricacies of two types of players in the eCommerce ecosystem: payment gateways and payment facilitators.

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Paydock and Forter: Empowering merchants and financial institutions with seamless payments and fraud prevention

The Payments Association

A strategic layer for agnostic fraud prevention Paydock serves as a strategic layer in the payment stack, allowing merchants to integrate Forter’s powerful fraud prevention solution independently of their chosen downstream payment providers.