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Payments Powering Platforms
TRACKER™ APRIL 2018
GODADDY TURNS TO INTEGRATED PAYMENTS TO POWER SMBS
How GoDaddy is powering
customers’ payments Mastercard, MegaFon collaborate on Find the top providers in our Tracker
new mobile apps Scorecard
– p. 6 (Feature Story)
– p. 10 (News and Trends) – p. 16
powered by
Table of Contents
PAGE What’s Inside
03 A look at the quickly evolving payments platforms ecosystem, including how
new digital and mobile payments platforms are helping boost online sales in
developing economies
PAGE Feature Story
06 Greg Goldfarb, vice president of product and eCommerce for GoDaddy,
on how the company works to help its SMB customers keep up with larger
competitors through new payment acceptance tools
PAGE News and Trends
10 Payments processing giants Discover, Mastercard and Visa announce new
platform partnerships, and plenty of other recent headlines from around
the Payments Powering Platforms space
PAGE Methodology | Top Ten Rankings
14 Best of the bunch
See which companies are on top and how they got there
PAGE Scorecard
16 The results are in.
See this month’s top providers
PAGE About
71 Information on PYMNTS.com and WePay
ACKNOWLEDGMENT
The Payments Powering Platforms Tracker™ is powered by WePay, and PYMNTS is grateful for the company’s support
and insight. PYMNTS.com retains full editorial control over the findings presented as well as the methodology and data
analysis.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2
What’s Inside
C
an digital payments be the key to unlocking basic move is designed to give the country’s online economy a
utilities for remote populations? jumpstart.
More than 110 million Africans live “under As mobile and online payments platforms continue to
the grid,” according to recent reports, meaning they expand their influence, companies around the world have
live directly below existing infrastructure and utilities recently looked to debut new solutions and offerings to
like electricity but lack access. Now, digital payment keep up with the pace of the payments evolution.
platforms are promising to bridge that gap.
A look around the Payments Powering Platform
This includes a recent partnership between Kenyan solar world
energy company M-KOPA and payments processor
Platform-powered payments are also coming to the
Mastercard. The pair will use Mastercard’s Masterpass
insurance industry.
mobile payments platform to help East African residents
afford and access solar power and other basic utilities. Insurance provider Allianz Partners recently announced it
is working with payments processor Visa to create a new
Africa isn’t the only region seeing improvements,
payment solution, Allianz Prime, allowing customers to
however. Digital payments platforms are also helping
make insurance payments on their mobile devices. The
to revolutionize the ways consumers worldwide pay for
app will also help them earn rewards as part of Visa’s
utilities and day-to-day purchases.
Wirecard-run loyalty program, and includes a smart
In Vietnam, for example, digital payment volume jumped spend tracker to help manage accounts and expenses.
by 22 percent in 2017, according to Vietnamese online
Social messaging service WhatsApp is also foraying into
news source VnExpress. Its consumers spent more than
mobile payments.
$6 billion via digital payments platforms that year, and
growth is expected to continue to climb in the coming The company recently announced it is adding payments
years. In fact, total volume is projected to hit $12.3 billion to its messaging app, which is especially popular among
by 2022. Indian consumers. Its person-to-person (P2P) payments
feature will be based on the Indian government’s
Perhaps inspired by digital payments platforms’ success
Universal Payments Interface (UPI), and the app will soon
in other countries, Saudi Arabia recently announced
support in-store payments through QR codes.
that its mada domestic payment network is partnering
with Mastercard to enable online payments via the Google is also getting in on the platform payments
latter’s Payment Gateway Services technology. The game. It recently announced that its Google Pay
mobile wallet can be used to pay for tickets for the
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3
Las Vegas Monorail. In a blog post, group product feature story (p. 6), Goldfarb gives PYMNTS an inside
manager for Google Pay Prakash Hariramani said the Las look into how the company is providing small businesses
Vegas Monorail is already powered by NXP’s MIFARE and their customers with all the payment tools and
contactless technology, enabling it to accept digital features needed to compete in the digital age.
payments for tickets.
Payments Powering Platforms April Updates
To find more on the latest platform payments solutions
We’ve profiled more than 100 players in this issue of the
from around the industry, check out the Tracker’s News
Tracker, including four new additions: BitPesa, Dream
and Trends section (p. 10)
Payments, Electronic Payments and Tipalti.
Why GoDaddy is turning to payments to help
boost SMBs
No matter the industry, small and medium-sized
businesses (SMBs) need an efficient, easy way to accept
and process payments. As it turns out, those payments
can often be the difference between their being able
to compete with industry giants or failing to get off the
ground.
Development platform provider GoDaddy is looking to
provide SMB owners with the payment tools to grow
their companies, according to Greg Goldfarb, vice
president of products and eCommerce. In an interview
for this month’s Payments Powering Platforms Tracker
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4
What’s Inside
5
Five Fast Facts
Percentage of Chinese travelers who would
91% spend more with overseas merchants if they
accepted Chinese mobile payment platforms
70 Projected number of payments made using
online platforms by 2022
billion
$3.3 Anticipated value of remote payments
spend for digital and physical goods
trillion
39.1% Projected CAGR of the mobile payment
platforms market by 2020
726 Predicted number of transactions made
through digital payment methods by 2020
Billion
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 5
GoDaddy
Turns
To Integrated
Payments
To Power
SMBs
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 6
FEATURE
STORY
“We serve a very broad range of different
types of small businesses or people who are in
the start of creating businesses.”
GREG GOLDFARB
vice president of products and
eCommerce at GoDaddy
Whether they’re hairdressers that are wizards with a that can display their latest styles and carpenters must
razor and shears, clothing designers with a knack for create an online presence to help them stand out and
new looks or carpenters with all the tools of the trade, all find work in, well, woodworking.
small businesses need to get paid.
To help address these challenges, development platform
While SMB owners may be masters of their crafts, few providers are working to integrate one-touch payments
are experts in efficiently resolving their payments pain on SMB websites, enabling companies to better
points. They need websites that offer online payment compete in the digital age. In a recent interview with
capabilities to stay competitive, preferably with clean and PYMNTS, Greg Goldfarb, vice president of products
simple interfaces to ensure they can quickly accept and and eCommerce at domain registrar and web hosting
process customers’ payments from a range of payment platform GoDaddy, explained how the firm is looking to
methods. use payments-powered products and features to stand
apart from other players in the space.
These small businesses may all need to get paid, but they
don’t all need — or want — to get paid the same way. “We serve a very broad range of different types of small
businesses or people who are in the start of creating
With customer expectations on the rise, SMBs also businesses,” Goldfarb said. “So, we really try to work to
need much more out of their websites than before. offer the tools that can make all different kinds of small
Hairdressers want to be able to book appointments at businesses successful online.”
the drop of a hat, clothing designers need an online store
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 7
Feature Story
Adding payments to online stores, calendars and
more
GoDaddy currently serves roughly 17 million businesses
around the globe, according to Goldfarb, and has
customers in just about every industry. To help them
grow, and help GoDaddy grow by extension, the
company must provide SMBs with tools to fit their
specific needs.
For example, GoDaddy recently added an online
appointment calendar feature to its platform, via
a partnership with Square, to aid salons and other
appointment-based businesses. The calendar is designed
to cut down on the number of missed appointments —
and associated missed revenue — by syncing with other
popular calendar apps to help inform customers of their
upcoming activities.
“There are millions of service-based businesses [that] get
Though online calendaring can help salons and other
bogged down with scheduling clients,” Goldfarb said.
appointment-based businesses run more efficiently, they
“Missed calls, multiple emails and texts and calendar
only solve part of the problem. To keep up with larger
malfunctions lead to missed appointments, which directly
“
competitors online, SMBs need eCommerce stores that
impact their success.”
are easy to navigate and help them grow beyond their
storefronts.
A robust online presence means it is critical for SMBs to
WE WANT TO HELP be able to seamlessly accept payments online. To that
”
SMALL BUSINESSES UP
end, GoDaddy now enables them to integrate payments
THEIR GAME SO THEY
CAN OFFER THE SAME into their web interfaces, allowing customers to purchase
FLEXIBILITY OF LARGER products with a single click, Goldfarb explained. The
MERCHANTS IN A MUCH company’s eCommerce store platform means businesses
EASIER WAY. can list up to 1,500 products with up to 10 photos per
product.
Payments can be made with the same payment types as
can be used for online appointments. GoDaddy partners
It also allows business owners to cut down on missed with Square and Stripe to accept those payments.
revenue by collecting payments when customers first
book their appointments. Customers can pay by credit “We want to help small businesses up their game so they
card, PayPal and Apple Pay, among other methods, and can offer the same flexibility of larger merchants in a
payments are processed by Square. much easier way,” Goldfarb said. “Our goal is to power
an experience on a small businesses’ site that is going
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 8
Feature Story
to help them win over customers, no matter where that checkout, cart abandonment reminder emails, mobile-
customer is coming from or what they want to do.” friendly websites and eCommerce stores, among others.
Helping small businesses grow bigger “Customer expectations are increasingly being pushed
higher and higher,” he added. “That’s because of the
While many of the SMBs that sign up to build an online
convenience, the price, all of the factors that lead to
store with GoDaddy are fledgling enterprises, most don’t
the positive interactions these customers are having by
plan to stay that way.
shopping online — whether it’s with Amazon Prime or
Entrepreneurs typically want to grow their businesses as with a small business. We want to help businesses keep
big and as quickly as possible, but success and growth up with those expectations by having an interface that is
come with challenges of their own. A growing company simple for business owners, but offers a robust and full
requires owners to offer a wide variety of payment set of features to customers.”
methods and features, particularly those that pertain to
Going forward, GoDaddy will continue to come up
the needs of their customers.
with other new payment features and tools to help
To tackle these challenges, GoDaddy works to offer small businesses grow into big ones. After all, whether
tools to help SMB owners keep up with their growing they’re salon savants, fashion gurus, master craftsmen or
businesses, Goldfarb said. These tools are often represent another niche entirely, everyone needs to get
designed to help them compete with larger competitors paid — and fast.
by offering many of the same features they offer. Along
with tools like the online calendar, the company provides
buy-online and pick up in-person services, one-tap
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 9NEWSAND
TRENDS
Partnering providers
Allianz, Visa partner for mobile payments, loyalty
Allianz Partners is turning to a payments giant for
help with its new mobile app. The company recently
announced it is working with Visa to create its Allianz
Prime payment solution, an offering that will allow
customers to make insurance payments on their mobile
devices and help them earn loyalty rewards through
Visa’s Wirecard-run loyalty program. It will also include
a smart spend tracker to help customers manage their
accounts and expenses.
Visa is providing security for the payment interface,
contributing a digital identifier or token assigned to each
The partnership was announced at the recent Mobile
customer that replaces sensitive card or account details
World Congress in Spain, and the services are available
and protects customer data. The app is currently being
as of March 1, with one major restriction: The maximum
tested in Italy, according to the press release, and Allianz
transfer amount is just RUB 100,000 (roughly $1,700
plans to roll it out to other markets in the near future.
USD) per month. It allows subscribers to create a
Mastercard, MegaFon make mobile moves virtual Mastercard bank card via the MegaFon.Bank
app. The card be used to make both online and offline
Visa isn’t the only payments giant looking to partner for
purchases once linked to Apple Pay, Android Pay or
mobile money apps. Mastercard recently announced new
Samsung Pay, and customers receive 20 percent cash
joint initiatives with Russian mobile phone and telecom
back for every third purchase they make. Users can
operator MegaFon to enable the latter’s subscribers to
create up to 10 virtual cards linked to one mobile phone
pay for purchases with their smartphones. Subscribers
account, handing them out to family members while also
link their mobile accounts to a mobile wallet through
monitoring their spending.
a virtual Mastercard card, and tokenize it via the
Mastercard platform.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 10News and Trends
Discover, FitPay announce new partnership said. Facebook and Google are cracking down on crypto-
related advertising, and the crypto space is experiencing
Discover has also joined the partnership game, teaming
disruption as regulatory entities take a closer look at
with startup technology platform FitPay to add Discover
digital currencies and the initial coin offerings (ICOs) that
to its platform. The move makes Discover the third
fund them.
major payment network to partner with FitPay, and its
capability will soon be added to the Garmin Dual Active 3
and Forerunner 645 smart watches, which began offering Industry insights
FitPay last month.
Online spend increase leads to Vietnam payments
In a recent interview with PYMNTS, Michael and Chris platforms boom
Orlando, FitPay’s co-founders, said the partnership It seems that increased use of mobile and digital
will both enable device partners and end users to add payments platforms is providing a boost to developing
digitized Discover cards to their accounts, and support eCommerce economies, particularly the growing online
tokenization practices. FitPay is working to expand the and mobile commerce sector in Vietnam. The country’s
platform to include bitcoin exchange and conversions. digital payment volume jumped by 22 percent in 2017,
Its $29 Flip Internet of Things (IoT) device is in presale according to VnExpress reports, and its consumers spent
with a public launch scheduled for Q2 2018. Flip has so more than $6 billion via digital payments platforms. That
far met expectations despite marketing challenges, Chris growth is expected to continue in the coming years, too,
with total volume projected to hit $12.3 billion by 2022.
Vietnam’s payments players are looking to meet
demand for digital payments as more consumers log
online to make purchases. Internet company VNG,
which owns popular mobile messaging app Zalo, has
announced plans to install ePayment service terminals
in 1,000 locations by the end of 2018, and state-owned
PetroVietnam Oil has released a mobile payments
platform of its own. Domestic payments provider MoMo
is working to expand its offering, giving residents the
ability to pay for online purchases, airline tickets, utility
bills and more via its payments platform.
Payments platforms power eCommerce in Saudi
Arabia
Meanwhile, Saudi Arabia’s domestic payments platform,
mada, is seeing a rapid increase in usage, with more
than 1.5 billion payments being made via the platform
last year. The country’s Monetary Authority now wants
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 11News and Trends
to use the network to power eCommerce payments, Funds are then draw from a linked account. The program
ATM processing and point-of-sale (POS) transactions, is currently being piloted with plans to expand it to other
and mada is partnering with Mastercard to do so via its countries following the test.
Payment Gateway Services technology.
According to the agreement, domestic online merchants
will now be able to accept mada cards as payment
on their websites. The partnership is aimed at driving
economic growth for the Saudi Arabian eCommerce
industry, according to general director of payment
systems Zaid Al Yousef, and would allow “Saudi
businesses to significantly increase their eCommerce
sales by offering consumers more flexibility and
convenience and diversify[ing] their available payment
options.”
Mobile payments mean cheaper electricity in
Africa
Can mobile payments platforms help impoverished
populations access basic utilities? That’s the plan in
Africa, where reports indicate mobile payments are
helping to power electricity and other utility payments in
Ghana, Kenya, Nigeria, Rwanda, Tanzania and Uganda.
Through a collaboration between local electric utility
M-KOPA and Mastercard’s Masterpass QR capabilities,
consumers in these countries are now able to pay for Mobile movements
electricity as part of a “pay-as-you-go” program.
WhatsApp adds P2P payments
Residents do not typically have access to traditional
Popular Indian social messaging service WhatsApp, is
electrical services, forcing them to rely on bio and fossil
adding payments to its platform. The company recently
fuels such as kerosene, wood, charcoal or solar power.
announced it would launch a P2P payments feature
While solar power is often more reliable and cleaner than
based on the Indian government’s Universal Payments
other options, it requires a large upfront investment that
Interface (UPI), and that it would expand its supported
most residents can’t afford. The M-KOPA and Mastercard
payment types by rolling out the ability to use QR codes
partnership is designed to defray the cost of solar power
for payments. Incorporating new payment capabilities
by allowing them to pay on a rolling basis rather than up
will give WhatsApp users access to additional features
front.
inside the app, thus incentivizing them to spend more
Customers can now make regular payments to their solar time on it more often.
electricity accounts by scanning a Masterpass QR code
via smartphone or entering the associated merchant ID.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 12News and Trends
Other payments players in the country — including Google Pay for the service to work, and riders must hold
Google’s Tez and Paytm — are also making P2P plays. their phones near the fare gate for admission.
Both recently launched chat features, but WhatsApp has
This news follows a February announcement that Google
an advantage: It already boasts more than 200 million
would launch a mobile app to help manage payments
unique users.
across platforms, cards and other methods. This is in
Now boarding at the Las Vegas Monorail: Google addition to its plans to make Google Pay accessible to
Pay all — regardless of device, shopping platform or current
account on a Google property. The goal? To enable easy,
Google is hopping aboard the transportation ticketing
secure payments for anyone, anywhere in the digital or
industry, recently announcing its Google Pay mobile
physical world, and all using a single account — the holy
wallet offering can now be used to pay for Las Vegas
grail of modern payments.
Monorail tickets. In a blog post, group product manager
Prakash Hariramani said the Las Vegas Monorail is Chase lets customers buy gas from inside their
already powered by tech company NXP’s MIFARE cars
contactless technology, enabling it to accept digital
payments for tickets. If a new integration catches on, getting out of the car at
the gas station could soon become a thing of the past.
Customers can now purchase their tickets online, save Shell recently announced it would expand its existing
them to Google Pay and use their phones to ride, partnership with Chase Pay to allow customers to pay
according to Hariramani, and all without opening the for gas from inside their cars. The companies are also
Google Pay app. Users must have the latest version of offering financial rewards, including a free rewards
card that provides cash-back bonuses on expenses like
traveling, dining and gas as part of Shell’s Fuel Rewards
Program.
The expanded service is making its debut in Denver,
Chicago and Dallas, and will be expanded to other
markets if the integration proves successful. The
partnership first launched in 2016, originally enabling
customers to pay for gas at the pump using their mobile
phones.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 13Methodology | Top Ten Rankings
The PYMNTS.com Payments Powering Platforms Tracker™ is designed to give an overview of the trends and activities
across the B2B payments platforms delivering on those services. Companies included in the Tracker Scorecard have
been scored on five primary criteria:
Merchant Onboarding
How flexible and fast a platform’s
user experience is, and whether it
includes merchant underwriting
Settlement/ Payment
Payouts Processing
How fast a platform How fast processing
is across different is, which channel and
channels and payment types are
payment types accepted and the
PAYMENTS area it covers
POWERING
PLATFORMS
Risk Enablement
Management and Value Added
and Compliance
Whether a platform offers
Whether a platform offers merchant/player support,
security and compliance third-party features and a
services dedicated point of contact
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 14Methodology | Top Ten Rankings
The Top 20 rankings represent the highest scoring companies in the Tracker’s Scorecard based on PYMNTS.com’s
proprietary methodology. The methodology evaluates providers based on the speed, flexibility, processing, security,
risk management, compliance, enablement and value-added services offered.
01 92 06 77
02 91 07 73
03 83 08 71
TIE
04 81 08 71
TIE
05 78 10 70
PYMNTS will periodically update scores based on new developments. If you would like your company to be considered
for inclusion in the Tracker’s Scorecard, or wish to have an existing listing reconsidered for an update, please head over
to our profile submission/update page.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 15Scorecard Note: Companies are listed in alphabetical order.
52
Merchant Onboarding
12
9 8
Settlement Payment
Payout Processing
Risk
15 8
Enablement &
Management
Value Added
& Compliance
Company: 2C2P Founded: 2003 Headquarters: USA
2C2P is a Singapore-based payment services provider offering services for online and mobile merchants, banks and
other financial institutions.
49
Merchant Onboarding
12
12 4
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 15 Management
& Compliance
Company: 2Checkout Founded: 1999 Headquarters: USA
2Checkout is a payment platform that enables merchants to accept online and mobile payments from customers.
The platform is used by over 50,000 merchants and supports transactions in 196 countries through eight payment
methods, 26 currencies and 15 languages.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 1646
Merchant Onboarding
0
4 12
Settlement Payment
Payout Processing
Risk
15 15
Enablement &
Management
Value Added
& Compliance
Company: Adyen Founded: 2006 Headquarters: Netherlands
Adyen is a technology company that aims to provide businesses with a single solution to accept payments anywhere in
the world. The company offers an end-to-end infrastructure connecting merchants directly to Visa, Mastercard and 250
other payment methods globally.
48
Merchant Onboarding
5
12 9
Settlement Payment
Payout Processing
Risk
7
Enablement &
Value Added 15 Management
& Compliance
Company: Airpay Founded: 2012 Headquarters: India
Airpay offers online payment gateway solutions for eCommerce and retail markets. The company’s solutions include a
PCIDSS Compliant IVR Payment Gateway, along with net banking and mobile Point-Of-Sale systems.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 1770
Merchant Onboarding
20
4 12
Settlement Payment
Payout Processing
Risk
25 9
Enablement &
Management
Value Added
& Compliance
Company: Amaryllis Payment Solutions Founded: 2015 Headquarters: USA
Amaryllis’ customized and modular solution is intended to solve the unique business needs of each acquirer or third-
party payment model, providing functionality such as instant onboarding, split payments, payout management and
reconciliation.
51
Merchant Onboarding
5
15 10
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 15 Management
& Compliance
Company: Atom Technologies Ltd Founded: 2006 Headquarters: India
Atom Technologies is an omni channel payment services provider offering a range of secure, efficient
payment services and solutions through online and offline platforms.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 1834
Merchant Onboarding
0
4 2
Settlement Payment
Payout Processing
Risk
18 10
Enablement &
Management
Value Added
& Compliance
Company: Auction Payment Network Founded: 2010 Headquarters: USA
Auction Payment Network (APN) is a provider of online payment processing solutions for online sellers. The company
also offers invoicing, reporting and reconciliation services in a PCI-complaint environment.
44
Merchant Onboarding
5
12 4
Settlement Payment
Payout Processing
Risk
8
Enablement &
Value Added 15 Management
& Compliance
Company: AsiaPay Founded: 2000 Headquarters: Hong Kong
AsiaPay is a payment services provider, electronic payment solution and technology vendor. It focuses on integrated
electronic payment processing solutions and services for banks and eCommerce businesses, including credit cards,
debit cards, bank accounts and online banking, among other payment methods.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 1943
Merchant Onboarding
5
10 8
Settlement Payment
Payout Processing
Risk
5
Enablement &
Value Added 15 Management
& Compliance
Company: Authorize.Net Founded: 1996 Headquarters: USA
Authorize.Net is a payment gateway service provider allowing merchants to accept credit card and electronic check
payments through their website and over an IP connection.
50
Merchant Onboarding
5
12 9
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: Bambora Founded: 2015 Headquarters: Sweden
Bambora offers payment solutions for small and medium-sized businesses (SMBs). The company’s simple-to-launch
platforms integrate with existing operations to help small businesses accept new payment types.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2046
Merchant Onboarding New!
12
12 6
Settlement Payment
Payout Processing
Risk
8 8
Enablement &
Management
Value Added
& Compliance
Company: BitPesa Founded: 2013 Headquarters: Kenya
BitPesa is an online payments platform that leverages blockchain settlement to lower the cost and increase the
speed of business payments to, from and within Sub-Saharan Africa. Its clients range from African businesses
and multinational companies paying suppliers in China and Dubai to international remittance companies using its
application program interface (API) services. The API allows for white-label payments to dozens of bank networks and
mobile money operators across Nigeria, Kenya, Uganda, Tanzania, Senegal and the Democratic Republic of Congo.
54
Merchant Onboarding
12
4 8
Settlement Payment
Payout Processing
Risk
15
Enablement &
Value Added 15 Management
& Compliance
Company: Bluefin Payments Systems Founded: 2007 Headquarters: USA
Bluefin Payment Systems develops integrated, secure payment technologies for independent software vendors, large
enterprises and small and medium-sized businesses. Also, it provides point-to-point encryption solutions.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2169
Merchant Onboarding
5
4 10
Settlement Payment
Payout Processing
Risk
25 25
Enablement &
Management
Value Added
& Compliance
Company: BluePay Founded: 2003 Headquarters: USA
BluePay provides credit card payment processing services for enterprises, small and medium-sized businesses in
the United States and Canada. The company also offers real-time settlement, reporting, reconciliation and security
features such as tokenization and point-to-point encryption.
34
Merchant Onboarding
5
9 6
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 8 Management
& Compliance
Company: BlueSnap Founded: 2002 Headquarters: USA
BlueSnap is a global payments technology company that aims to optimize global and mobile checkout and drives
higher payment conversions. The company’s Powered Buy Platform is designed to boost growth for businesses.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2269
Merchant Onboarding
13
7 9
Settlement Payment
Payout Processing
Risk
15
Enablement &
Value Added 25 Management
& Compliance
Company: Braintree Founded: 2007 Headquarters: USA
Braintree provides the global commerce tools to build businesses, accept payments and enable commerce for their
users.
42
Merchant Onboarding
5
12 4
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 15 Management
& Compliance
Company: Cardinity Founded: 2007 Headquarters: Lithuania
Click2Sell offers Cardinity, a licensed payment institution regulated by the Central Bank of the Republic of Lithuania
and active in the European Union. The company is registered to provide Visa Europe and Mastercard with International
payment cards processing platforms in the European Union.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2358
Merchant Onboarding
12
9 11
Settlement Payment
Payout Processing
Risk
11
Enablement &
Value Added 15 Management
& Compliance
Company: Cayan Founded: 1998 Headquarters: USA
Cayan is a provider of platform payment technologies. The company works to streamline the buying process by
providing credit card payment acceptance solutions for small businesses.
43
Merchant Onboarding
12
9 6
Settlement Payment
Payout Processing
Risk
8
Enablement &
Value Added 8 Management
& Compliance
Company: Chargebee Founded: 2011 Headquarters: USA
Chargebee is a subscription management and recurring billing platform. The company’s solution enables users to send
invoices as well as manage and analyze their eCommerce businesses.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2460
Merchant Onboarding
20
9 7
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: Chargent Founded: 2012 Headquarters: USA
Chargent develops payment applications and gateways. The company’s products include Payment Processing for
Salesforce a payments application on the Salesforce AppExchange. Chargent offers credit card and ACH acceptance
and offers recurring billing, and customer data management features.
65
Merchant Onboarding
20
4 6
Settlement Payment
Payout Processing
Risk
25 10
Enablement &
Management
Value Added
& Compliance
Company: Charity Checkout Founded: 2009 Headquarters: UK
Charity Checkout is a social enterprise that offers customized payment processing systems, websites and fundraising
platforms for its clients across the U.K. The company has helped charities raise over £9 million in online donations.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2532
Merchant Onboarding
0
9 8
Settlement Payment
Payout Processing
Risk
15
Enablement &
Value Added 0 Management
& Compliance
Company: Chase Paymentech Founded: 1985 Headquarters: USA
Chase Paymentech offers payment processing, including both mobile payment processing and POS processing, along
with authorization services, analytics, security features and other solutions.
50
Merchant Onboarding
12
9
Payment
6
Settlement
Payout Processing
Risk
Enablement &
Value Added 15 8 Management
& Compliance
Company: ChronoPay Founded: 2003 Headquarters: Netherlands
ChronoPay is an internet payment service provider enabling eCommerce companies to accept bank cards and
electronic cash online payments for their goods and services. Its solutions are designed for airlines, tourism, retail
trade, entertainment industry, publishing and education industries.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2658
Merchant Onboarding
0
4 9
Settlement Payment
Payout Processing
Risk
25 20
Enablement &
Management
Value Added
& Compliance
Company: Clarus Merchant Services Founded: 1999 Headquarters: USA
Clarus Merchant Services is a payment processor that provides POS solutions, online payment processing and other
services to companies, such as ERPs.
49
Merchant Onboarding
5
9 11
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: Creditcall Founded: 1997 Headquarters: USA
Creditcall provides a mobile processing platform for attended, unattended and online retail environments. The
company also offers an EMV-certified payment gateway, EMV mitigation services and other payment services.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2748
Merchant Onboarding
8
9 8
Settlement Payment
Payout Processing
Risk
15 8
Enablement &
Management
Value Added
& Compliance
Company: CyberSource Payment Management Founded: 2010 Headquarters: USA
CyberSource, a payment gateway and merchant services provider, focuses on the active management of the payment
process, from payment acceptance and order screening through reconciliation and payment security.
55
Merchant Onboarding New!
12
12 9
Settlement Payment
Payout Processing
Risk
7
Enablement &
Value Added 15 Management
& Compliance
Company: Dream Payments Founded: 2014 Headquarters: Canada
Dream Payments enables merchants to sell everywhere using mobile devices. Its cloud-based payments platform
combined with its mobile point-of-sale (mPOS) device allow merchants to accept credit and debit cards, access rich
analytics and reports, and provide digital receipts to customers.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2846
Merchant Onboarding
5
12 6
Settlement Payment
Payout Processing
Risk
15 8
Enablement &
Management
Value Added
& Compliance
Company: Due Founded: 2015 Headquarters: USA
Due provides time tracking and invoice tools for small business owners and freelancers. It offers a digital wallet, online
bank and online payment acceptance services.
54
Merchant Onboarding
15
10 5
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 18 Management
& Compliance
Company: Dwolla Founded: 2010 Headquarters: USA
Dwolla provides a service for bank transfers (i.e., ACH transactions) for platforms. Customers can use branded or
white-label APIs to verify bank accounts instantly, transfer payments, keep balances or route funds directly to bank
account and routing numbers.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 2973
Merchant Onboarding
13
4 11
Settlement Payment
Payout Processing
Risk
25 20
Enablement &
Management
Value Added
& Compliance
Company: Elavon Founded: 1991 Headquarters: USA
Elavon is a provider of payment processing solutions for large worldwide enterprises and locally owned small
businesses. The company aims to deliver flexible and secure alternatives for their customers.
46
Merchant Onboarding New!
5
12 7
Settlement Payment
Payout Processing
Risk
7
Enablement &
Value Added 15 Management
& Compliance
Company: Electronic Payments Founded: 1998 Headquarters: USA
Electronic Payments is a payments processing company that is continuously evolving its offerings to meet the
expanding needs of its business partners. From EMV-ready solutions to advanced point-of-sale (POS) systems, its
products are customizable and may be tailored exclusively to each business partner.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3056
Merchant Onboarding
5
12 13
Settlement Payment
Payout Processing
Risk
8
Enablement &
Value Added 18 Management
& Compliance
Company: eMoney Founded: Unknown Headquarters: USA
ETS developed and maintains the eMoney Commerce Platform, an end-to-end encrypted solution. The platform
processes face-to-face and back-office transactions, along with payment via eCommerce and mobile payment
applications.
40
Merchant Onboarding
5
Settlement
Payout 9 9
Payment
Processing
Risk
8 9
Enablement &
Management
Value Added
& Compliance
Company: EPX Founded: 1979 Headquarters: USA
EPX is a unified processing platform. The company offers end-to-end payment solutions for merchants, banks, ISOs
and other businesses.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3148
Merchant Onboarding
5
15 12
Settlement Payment
Payout Processing
Risk
8 8
Enablement &
Management
Value Added
& Compliance
Company: EVO Payments Founded: Unknown Headquarters: USA
EVO Payments International is a payments service provider of merchant acquiring and processing solutions. The
company offers solutions for merchants, financial institutions, independent software vendors, independent sales
organizations, government organizations and multinational corporations located throughout North America and
Europe.
43
Merchant Onboarding
5
7
Payment
7
Settlement
Payout Processing
Risk
Enablement &
Value Added 15 9 Management
& Compliance
Company: E-xact Transactions Founded: 1998 Headquarters: Canada
E-xact Transactions is a Canada-based eCommerce software company providing transaction solutions and specializing
in PCI security techniques and risk management. E-xact offers secure, real-time credit card transaction processing.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3256
Merchant Onboarding
12
9 11
Settlement Payment
Payout Processing
Risk
15 9
Enablement &
Management
Value Added
& Compliance
Company: FIS Founded: 1968 Headquarters: USA
FIS offers payment processing solutions. The company’s products are designed to accept payments in-store, over the
phone, at ATMs or via digital channels.
57
Merchant Onboarding
20
Settlement
Payout 4 4
Payment
Processing
Risk
25 4
Enablement &
Management
Value Added
& Compliance
Company: Fiserv Founded: 1984 Headquarters: USA
Fiserv offers financial services technology and services. The company’s solutions are designed for mobile and online
banking, payments, risk management, data analytics and core account processing.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3357
Merchant Onboarding
12
12 9
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: Flagship Founded: 2001 Headquarters: USA
Flagship Merchant Services offers a credit card processing platform. The company has partnered with several other
service providers in the space and specializes in credit card fraud, loss prevention and chargebacks.
31
Merchant Onboarding
8
4 7
Settlement Payment
Payout Processing
Risk
7 5
Enablement &
Management
Value Added
& Compliance
Company: Forte Payment Systems Founded: 1998 Headquarters: USA
Forte offers a multiplatform service as well as a payment gateway for nonprofit organizations, government, among
others. The company also provides comprehensive reporting of security for all the transactions performed on their
platform.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3448
Merchant Onboarding
12
9 6
Settlement Payment
Payout Processing
Risk
15 6
Enablement &
Management
Value Added
& Compliance
Company: Fortumo Founded: 2007 Headquarters: Estonia
Fortumo is a mobile payments platform that enables direct carrier billing with more than 350 mobile operators in
90+ countries. The company’s payment products work across a wide range of platforms including desktop devices,
smartphones, feature phones, tablets and smart TVs.
53
Merchant Onboarding
12
4 7
Settlement Payment
Payout Processing
Risk
15
Enablement &
Value Added 15 Management
& Compliance
Company: Freedom Pay Founded: 2000 Headquarters: USA
FreedomPay is a white-label eCommerce platform designed to provide cashless solutions for banks, retailers and
health care organizations. The company complies with the PCI Security Standards Council since it offers NFC
capabilities.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3551
Merchant Onboarding
13
Settlement
Payout 9 6
Payment
Processing
Risk
15 8
Enablement &
Management
Value Added
& Compliance
Company: FuturePay Founded: 2013 Headquarters: USA
FuturePay is a payment option that enables consumers to shop online without a credit card. FuturePay is a non-credit
card payment option giving shoppers the ability to buy now and pay later from any device.
45
Merchant Onboarding
5
9 8
Settlement Payment
Payout Processing
Risk
15 8
Enablement &
Management
Value Added
& Compliance
Company: G2A PAY Founded: 2015 Headquarters: Hong Kong
G2A PAY offers a payment and checkout solution which can be customized by merchants. It provides plugins to
several popular CMS platforms for simplified integration.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3661
Merchant Onboarding
12
12 11
Settlement Payment
Payout Processing
Risk
15 11
Enablement &
Management
Value Added
& Compliance
Company: GlobalOnePay Founded: 2003 Headquarters: USA
GlobalOnePay® is a leading provider of omnichannel payment processing technologies and merchant platforms.
The company’s modular, scalable, cloud-based offering works to enable businesses to grow accept a wide range of
payments. GlobalOnePay also provides a range of merchant services designed to help businesses increase sales and
efficiencies for online, in-store and mobile purchases.
55
Merchant Onboarding
20
9 6
Settlement Payment
Payout Processing
Risk
5
Enablement &
Value Added 15 Management
& Compliance
Company: Golden Giving Founded: 2011 Headquarters: U.K.
Golden Giving is a donation and fundraising website that is free to use for charities, donors and fundraisers. The
company supports domestic and overseas charities and causes. Organizations use the Golden Giving website to
support, extend and enhance their own fundraising and donation platforms.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3760
Merchant Onboarding
12
4 9
Settlement Payment
Payout Processing
Risk
25 10
Enablement &
Management
Value Added
& Compliance
Company: Greater Giving Founded: 2002 Headquarters: USA
Greater Giving was born out of the desire of shortening benefit auction checkout lines. The company provides support
with training classes, videos and resources, and ongoing phone, email and live chat coverage for its clients.
67
Merchant Onboarding
20
4 13
Settlement Payment
Payout Processing
Risk
15 15
Enablement &
Management
Value Added
& Compliance
Company: Handpoint Founded: 2009 Headquarters: U.K.
Handpoint provides a payment solution as a service for POS, delivering pre-certified chip and contactless payments
to POS developers, without the need of extra certifications. The company provides services in North America, Europe
and South Africa.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3856
Merchant Onboarding
12
12 10
Settlement Payment
Payout Processing
Risk
7
Enablement &
Value Added 15 Management
& Compliance
Company: Heartland Founded: 1997 Headquarters: USA
Heartland Payment Systems, Inc., provides a payment processing platform to merchants in the U.S. and Canada. This
involves facilitating the exchange of information and funds between merchants and a cardholder’s financial institutions,
providing electronic payment processing services to merchants, transaction authorization and electronic draft capture,
clearing and settlement, merchant accounting, merchant assistance, and support and risk management.
54
Merchant Onboarding
12
Settlement
Payout 9 9
Payment
Processing
Risk
15 9
Enablement &
Management
Value Added
& Compliance
Company: Heidelpay Founded: 2003 Headquarters: Germany
Heidelberger Payment GmbH (Heidelpay) provides electronic payment processing services ranging from transaction
processing to risk monitoring and management.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 3968
Merchant Onboarding
5
10 13
Settlement Payment
Payout Processing
Risk
25
Enablement &
Value Added 15 Management
& Compliance
Company: Ingenico Founded: 1996 Headquarters: France
Ingenico Group provides payment services for in-store, online and mobile channels and serves financial institutions,
retailers and merchants of all sizes.
63
Merchant Onboarding
20
12 8
Settlement Payment
Payout Processing
Risk
8
Enablement &
Value Added 15 Management
& Compliance
Company: Instamojo Founded: 2012 Headquarters: India
Instamojo is a web- and mobile-based platform enabling consumers and small businesses to collect payments online
by sharing a link. The link can be shared via SMS, WhatsApp, email, social channels, websites and blogs.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4039
Merchant Onboarding
5
9 4
Settlement Payment
Payout Processing
Risk
15 6
Enablement &
Management
Value Added
& Compliance
Company: iPay88 Founded: 2006 Headquarters: Malaysia
iPay88 is a payment gateway provider. Its platform offers merchants eCommerce and online payment services.
50
Merchant Onboarding
5
12 9
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: JetPay Founded: 1999 Headquarters: USA
JetPay offers technology solutions for the eCommerce and card-not-present marketplace, including processing and
acquiring platforms.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4148
Merchant Onboarding
5
15 7
Settlement Payment
Payout Processing
Risk
15 6
Enablement &
Management
Value Added
& Compliance
Company: Judopay Founded: 2012 Headquarters: UK
Judopay helps online merchants accept credit card and alternative payments. The company’s solution is designed for
easy integration, an enjoyable user experience and safer transactions.
49
Merchant Onboarding
12
12 6
Settlement Payment
Payout Processing
Risk
4
Enablement &
Value Added 15 Management
& Compliance
Company: Klarna Founded: 2005 Headquarters: Sweden
Klarna provides eCommerce payment platforms for merchants and shoppers. Klarna separates buying from paying by
allowing customers to pay for ordered goods after receiving them, providing them with a safe after-delivery payment
solution.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4249
Merchant Onboarding
8
15 12
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 8 Management
& Compliance
Company: MagicPay Founded: 2010 Headquarters: USA
MagicPay offers credit card processing for all platform merchants. Services include mobile payment processing, retail
solutions and a virtual payment gateway with recurring billing option for eCommerce merchants.
59
Merchant Onboarding
8
9 9
Settlement Payment
Payout Processing
Risk
15
Enablement &
Value Added 18 Management
& Compliance
Company: MagTek Founded: 1972 Headquarters: USA
MagTek is a manufacturer of electronic devices and systems for the issuance, reading, transmission and security of
cards, checks, PINs and other identification documents. Its products include secure card readers, check scanners, PIN
pads and distributed credential issuing systems. These products are used by financial institutions, retailers, hotels, law
enforcement agencies and other organizations to provide electronic payment and identification transactions.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4365
Merchant Onboarding
12
4 6
Settlement Payment
Payout Processing
Risk
25
Enablement &
Value Added 18 Management
& Compliance
Company: MangoPay Founded: 2013 Headquarters: Luxembourg
MangoPay is a payments app developed for marketplaces, crowdfunding platforms and collaborative consumption
platforms that can accept third-party payments.
53
Merchant Onboarding
12
4 4
Settlement Payment
Payout Processing
Risk
25
Enablement &
Value Added 8 Management
& Compliance
Company: Max Pay Founded: 2014 Headquarters: Malta
MaxPay is an eCommerce platform intended to build marketplaces, online storefront and/or subscription services. It
also provides anti-fraud security, which is customizable for any type of business.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4453
Merchant Onboarding
12
12 6
Settlement Payment
Payout Processing
Risk
8
Enablement &
Value Added 15 Management
& Compliance
Company: Mollie Founded: 2004 Headquarters: The Netherlands
Mollie builds payment products, commerce solutions and application program interfaces (APIs) that retail stores can
use to accept online and mobile payments.
52
Merchant Onboarding
5
12 11
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: MOLpay Founded: 2011 Headquarters: Malaysia
MOLPay is a multi-currency payment gateway. The company’s platform is designed to accept cash payments for online
purchases at physical outlets like convenience stores and bookstores. It also works to facilitate online payments via
credit card, debit card, eCheck and eWallet.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4543
Merchant Onboarding
5
9 7
Settlement Payment
Payout Processing
Risk
7
Enablement &
Value Added 15 Management
& Compliance
Company: Moneris Founded: 2000 Headquarters: Canada
Moneris provides payment processing services. The company’s offerings include credit and debit card processing
solutions.
56
Merchant Onboarding
12
9 11
Settlement Payment
Payout Processing
Risk
9
Enablement &
Value Added 15 Management
& Compliance
Company: NMI Founded: Unknown Headquarters: USA
NMI is a payment platform enabling online money acceptance for eCommerce and online retailers. The company
provides payments enablement technology allowing ISOs, VARs, ISVs and payment facilitators to offer branded
payment gateway services. NMI processes payments made via credit card, debit card or Apple Pay, and is EMV-
certified.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 4650
Merchant Onboarding
5
18 6
Settlement Payment
Payout Processing
Risk
6
Enablement &
Value Added 15 Management
& Compliance
Company: Nochex Founded: 1999 Headquarters: UK
Nochex is a provider of online credit and debit card payment services. The company’s software is designed for small-
and medium-sized businesses (SMBs), and includes multiple types of accounts and online shopping carts, among other
features.
61
Merchant Onboarding
5
15 12
Settlement Payment
Payout Processing
Risk
11
Enablement &
Value Added 18 Management
& Compliance
Company: North American Bancard Velocity Founded: Unknown Headquarters: USA
NAB Velocity aims to provide software developers and businesses with secure and customizable payment solutions.
These solutions include credit and debit card processing, ACH processing, and gift/loyalty card programs from an
ecosystem of payment service providers.
Payments Powering Platforms Tracker™ © 2018 PYMNTS.com All Rights Reserved April 2018 | 47You can also read
