Top 21 Mobile Payment Processing Companies

The mobile payment processing industry focuses on technologies that facilitate electronic payments using smartphones and other devices. Innovations in secure transactions, contactless payments, and e-commerce are shaping the future of commerce. Companies in this sector include payment gateways, mobile wallet services, and technology providers that ensure safe and efficient transactions. With rising smartphone usage, the industry is set for rapid expansion, catering to both consumers and businesses keen on convenience. As digital transactions become routine, customer experiences take precedence, pushing firms to continuously adapt and improve their offerings to meet these evolving demands.

This list features 21 companies spanning a range of sizes and specializations within mobile payment processing. Headquartered in various locations such as the USA, China, and Canada, these firms were established between 1971 and 2023. Attracting significant investment, organizations like Braintree and Alipay focus on secure transaction technology, catering to a growing base of electronic payment users. They provide tailored services such as online payment gateways and mobile wallets, reflecting the industry's movement towards integrated digital solutions for businesses and consumers alike.

Read on to learn more about the top mobile payment processing companies.

Top 21 Mobile Payment Processing Companies

1. Braintree

• Website: braintreepayments.com
• Ownership type: Corporate
• Headquarters: Chicago, Illinois, United States (USA)
• Employee distribution: United States (USA) 92%, Canada 3%, India 3%, Other 2%
• Latest funding: $800.0M, September 2013
• Founded year: 2007
• Headcount: 501-1000
• LinkedIn: braintree

Braintree, founded in 2007 and based in Chicago, Illinois, is a payment processing company that provides comprehensive e-commerce solutions for businesses. The company focuses on enabling secure online payments through its flagship product, Braintree Direct, which simplifies the payment process for merchants. Braintree caters primarily to e-commerce businesses, offering features such as data security, fraud prevention, and developer support to ensure a smooth transaction experience. The company has received significant funding, totaling $800 million, which underscores its growth potential and commitment to innovation in the payment processing industry. As a subsidiary of PayPal, Braintree leverages the extensive resources and expertise of one of the most recognized names in financial technology, further solidifying its position in the market.

2. Alipay

• Website: alipay.com
• Ownership type: Private
• Headquarters: Hangzhou, Zhejiang, China
• Founded year: 2004
• Headcount: 10001+
• LinkedIn: alipay-com

Alipay, founded in 2004 and based in Hangzhou, Zhejiang, China, is a private payment processing company that specializes in mobile and online payment solutions. With a workforce exceeding 10,000 employees, Alipay has established itself as a key player in the financial technology sector. The platform supports over 1.3 billion users and 80 million merchants, providing services that ensure secure transactions and innovative digital business solutions. Alipay's offerings include payment services, digital marketing, and financial services, which are tailored to meet the needs of both consumers and businesses in the evolving digital economy. The company operates under the umbrella of Ant Group, which further enhances its capabilities and reach in the payment processing industry.

3. Worldpay

• Website: worldpay.com
• Ownership type: Corporate
• Headquarters: Cincinnati, Ohio, United States (USA)
• Employee distribution: United States (USA) 35%, United Kingdom (UK) 34%, India 18%, Other 13%
• Latest funding: $22.7B, April 2025
• Founded year: 1993
• Headcount: 5001-10000
• LinkedIn: worldpay

Worldpay, founded in 1993 and headquartered in Cincinnati, Ohio, is a prominent payment processing company that specializes in financial technology services. The company supports businesses and financial institutions by enabling secure transactions across multiple channels, including in-person, online, and mobile. Worldpay's offerings include payment acceptance solutions, fraud protection tools, and payment optimization services. They cater to a wide range of clients, from small to midsize businesses to large enterprises, helping them effectively manage their payment processes. With a global presence, Worldpay processes transactions in over 135 currencies and supports more than one million merchants worldwide. Their commitment to innovation is evident in their partnerships with major technology firms and their focus on integrating mobile payment solutions, such as Apple Pay and Google Pay, into their services.

4. First Data Merchant Services

• Website: firstdata.com
• Ownership type: Corporate
• Headquarters: Atlanta, Georgia, United States (USA)
• Employee distribution: United States (USA) 70%, India 11%, United Kingdom (UK) 6%, Other 13%
• Latest funding: $22.0B, January 2019
• Founded year: 1971
• Headcount: 10001+
• LinkedIn: first-data-merchant-services

First Data Merchant Services, a subsidiary of Fiserv, is a financial services company based in Atlanta, Georgia. Founded in 1971, the company specializes in payment processing and merchant services, offering a comprehensive suite of solutions tailored to businesses of all sizes. Their product offerings include Clover POS systems, which provide an all-in-one solution for payment acceptance and business management. First Data serves various industries, focusing on technology-driven solutions that enhance customer experiences and streamline operations. The company has a significant global presence, with a workforce distributed across multiple countries, including the United States, India, and the United Kingdom. In 2019, First Data received substantial funding, indicating strong investor confidence in its business model and growth potential. This funding supports their ongoing innovation in payment processing technologies, particularly in mobile and eCommerce services.

5. Ingenico

• Website: ingenico.com
• Ownership type: Private Equity
• Headquarters: Suresnes, Île-De-France, France
• Employee distribution: France 30%, Australia 7%, India 7%, Other 55%
• Latest funding: October 2022
• Founded year: 1980
• Headcount: 1001-5000
• LinkedIn: ingenico

Ingenico, founded in 1980 and based in Suresnes, Île-De-France, France, is a merchant services technology company that specializes in secure electronic transactions. With a workforce of over 4,200 employees, Ingenico provides a wide range of payment solutions, including point of sale terminals and software services. Their offerings are tailored primarily for businesses in sectors such as retail, hospitality, and transportation. Ingenico's integrated payment solutions not only enhance customer experiences but also streamline transaction processes, making them a vital partner for businesses aiming to improve their payment systems. The company has not reported any recent funding, indicating stability in its operations and a focus on organic growth.

6. Moneris

• Website: moneris.com
• Ownership type: Corporate
• Headquarters: Toronto, Ontario, Canada
• Employee distribution: Canada 99%
• Latest funding: $425.0M, November 2016
• Founded year: 2000
• Headcount: 1001-5000
• LinkedIn: moneris-solutions

Moneris, founded in 2000 and headquartered in Toronto, Ontario, is a prominent payment processing company in Canada. With a workforce of over 2,200 employees, Moneris provides a wide array of financial technology solutions tailored for various industries, including retail, restaurants, and professional services. The company offers advanced point-of-sale (POS) systems, online payment solutions, and data services designed to enhance transaction efficiency and operational effectiveness for businesses. Moneris is particularly noted for its mobile payment capabilities, such as the Moneris Go app, which enables merchants to accept payments via smartphones. The company has processed approximately 3.5 billion transactions annually, serving over 350,000 merchant locations across Canada. This extensive reach and their commitment to innovation position Moneris as a key player in the payment processing sector.

7. Interswitch Group

• Website: interswitchgroup.com
• Ownership type: Private Equity
• Headquarters: Lagos, Lagos, Nigeria
• Employee distribution: Nigeria 96%, Kenya 2%, Other 2%
• Latest funding: $110.0M, May 2022
• Founded year: 2002
• Headcount: 1001-5000
• LinkedIn: interswitch-limited

Interswitch Group, founded in 2002 and based in Lagos, Nigeria, is a technology-driven company specializing in electronic payments and digital commerce solutions. The firm provides a wide array of services, including payment gateways, card issuance, and advisory services, catering to both individuals and businesses across various sectors. Interswitch operates primarily in Africa, facilitating secure and efficient transactions for its clientele. The company is known for its Interswitch Payment Gateway (IPG), which allows businesses to accept payments through multiple channels, including USSD, local and international cards, and bank transfers. Interswitch also plays a significant role in promoting financial inclusion through its various payment solutions. With a workforce of over 1,700 employees, the company has a strong presence in Nigeria, with additional operations in Kenya and other African countries. In May 2022, Interswitch secured $110 million in funding, underscoring its growth potential and relevance in the payment processing sector.

8. UnionPay International

• Website: unionpayintl.com
• Ownership type: Venture Capital
• Headquarters: Shanghai, Shanghai, China
• Employee distribution: China 36%, United States (USA) 7%, Hong Kong S.A.R 6%, Other 51%
• Latest funding: January 2015
• Founded year: 2012
• Headcount: 501-1000
• LinkedIn: unionpay-international

UnionPay International, founded in 2012 and headquartered in Shanghai, China, is a prominent payment processing company that specializes in mobile payments, card products, and cross-border remittance solutions. With a workforce of approximately 576 employees, the company operates in 183 countries, providing secure payment methods tailored for both consumers and businesses. UnionPay International has developed various mobile payment solutions, such as mobile quick payment, cloud flash payment, and QR code payments, which are essential for modern transactions. Their services are particularly beneficial for travelers and merchants, facilitating seamless transactions across borders. The company has established a strong presence in the mobile payment industry, focusing on enhancing user experience and security in financial transactions.

9. Elavon, Inc.

• Website: elavon.com
• Ownership type: Corporate
• Headquarters: Atlanta, Georgia, United States (USA)
• Employee distribution: United States (USA) 79%, Poland 10%, Ireland 5%, Other 6%
• Latest funding: April 2016
• Founded year: 1991
• Headcount: 1001-5000
• LinkedIn: elavon-inc

Elavon, Inc., based in Atlanta, Georgia, is a payment processing company that has been operational since 1991. As a subsidiary of U.S. Bank, Elavon provides a comprehensive suite of payment solutions tailored for businesses of all sizes. They serve over one million merchant locations globally, offering services that include in-person, online, and contactless payment processing. Elavon is recognized for its commitment to security and compliance, ensuring that transactions are handled safely and efficiently. The company has developed specialized solutions for various industries, such as retail, healthcare, and hospitality, demonstrating its adaptability to different market needs. With a workforce of over 4,500 employees, Elavon is equipped to support its clients with 24/7 customer service and dedicated relationship management. Their innovative approach and extensive experience position them as a notable player in the payment processing industry.

10. Paymob

• Website: paymob.com
• Ownership type: Private Equity
• Headquarters: Cairo, Cairo Governorate, Egypt
• Employee distribution: Egypt 90%, United Arab Emirates 5%, Pakistan 3%, Other 2%
• Latest funding: Series B, $22.0M, September 2024
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: paymobsolution

Paymob is a financial technology company based in Cairo, Egypt, that specializes in providing digital payment solutions to businesses across the Middle East and Africa. Founded in 2015, Paymob has grown to employ over 1,100 individuals, primarily in Egypt, with a small presence in the UAE and Pakistan. The company offers a range of services designed to facilitate seamless payment operations, including online payment processing, POS solutions, and subscription management. Paymob's innovative approach has attracted significant investment, with a recent Series B funding round raising $22 million in September 2024. This funding will likely support their ongoing efforts to enhance their product offerings and expand their market reach. Paymob's solutions are tailored to meet the needs of various business sizes, helping them improve customer experiences and streamline their payment processes.

11. CardConnect

• Website: cardconnect.com
• Ownership type: Corporate
• Headquarters: King Of Prussia, Pennsylvania, United States (USA)
• Employee distribution: United States (USA) 98%, Other 2%
• Latest funding: $750.0M, May 2017
• Founded year: 2006
• Headcount: 5001-10000
• LinkedIn: cardconnect

CardConnect, founded in 2006 and based in King of Prussia, Pennsylvania, is a payment processing company that specializes in providing a wide array of solutions for payment acceptance. Their offerings include online, in-store, and mobile payment processing, making them a versatile partner for businesses ranging from small retailers to large restaurants. The company provides tools such as POS systems, payment gateways, and fraud management solutions, which help businesses streamline their transaction processes. CardConnect's platform, CardPointe, allows merchants to manage payments efficiently across various channels. With a strong focus on security, they utilize advanced technologies like tokenization and point-to-point encryption to protect transactions. The company has also received significant funding, amounting to $750 million in 2017, which underscores its potential for growth and innovation in the payment processing industry.

12. Paystack

• Website: paystack.com
• Ownership type: Corporate
• Headquarters: Sunnyvale, California, United States (USA)
• Employee distribution: Nigeria 61%, South Africa 20%, Kenya 8%, Other 11%
• Latest funding: $200.0M, October 2020
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: paystack

Paystack, founded in 2015 and headquartered in Sunnyvale, California, is a payment processing company that provides financial technology solutions primarily for businesses in Africa. The company has made a significant impact in the payment processing industry by enabling businesses to accept payments through various methods, including card payments, bank transfers, and mobile money. Paystack's commitment to customer satisfaction is evident in its robust platform, which boasts high transaction success rates and advanced fraud detection systems. The company has garnered the trust of over 200,000 businesses, ranging from startups to large corporations. In 2020, Paystack secured $200 million in funding, further solidifying its position in the market and allowing for continued innovation and expansion of its services across the continent.

13. Authorize.net

• Website: authorize.net
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $565.0M, June 2007
• Founded year: 1996
• Headcount: 501-1000
• LinkedIn: authorize-net

Authorize.net, founded in 1996 and based in San Francisco, California, is a prominent payment processing company that specializes in providing a variety of online payment solutions. Their offerings include APIs that facilitate secure payment transactions and the management of customer profiles. Authorize.net serves a wide range of businesses, enabling them to efficiently handle customer payments in the e-commerce space. The company has made significant strides in integrating mobile payment options, allowing merchants to accept payments through platforms like Apple Pay and Google Pay. This adaptability to new payment technologies underscores their commitment to meeting the needs of modern businesses and consumers alike.

14. Xendit

• Website: xendit.co
• Ownership type: Venture Capital
• Headquarters: South Jakarta, Jakarta, Indonesia
• Employee distribution: Indonesia 64%, Philippines 13%, Singapore 8%, Other 15%
• Latest funding: Series D, $300.0M, May 2022
• Founded year: 2014
• Headcount: 501-1000
• LinkedIn: xendit

Xendit is a fintech company based in South Jakarta, Indonesia, specializing in payment processing solutions. Founded in 2014, Xendit has quickly become a key player in the Southeast Asian market, providing businesses with a range of services designed to streamline payment operations. Their offerings include payment gateways, automated payouts, and financing options, catering to the needs of various businesses across the region. Xendit supports over 38 payment methods, enabling clients to accept payments through credit and debit cards, e-wallets, and bank transfers. The company has a strong presence in Indonesia, the Philippines, Singapore, Thailand, and Malaysia, with a significant portion of its workforce based in Indonesia. In May 2022, Xendit secured $300 million in a Series D funding round, underscoring its growth potential and the confidence investors have in its business model. With millions of transactions processed monthly, Xendit is committed to providing secure and efficient payment solutions to help businesses thrive in a competitive market.

15. Payone

• Website: payone.com
• Ownership type: Private
• Headquarters: Frankfurt, Hesse, Germany
• Employee distribution: Germany 92%, Austria 8%
• Founded year: 2002
• Headcount: 1001-5000
• LinkedIn: payone_gmbh

Payone, founded in 2002 and based in Frankfurt, Hesse, Germany, is a private payment service provider with a workforce of approximately 904 employees. The company specializes in delivering payment solutions tailored for businesses across multiple sectors, including retail, hospitality, and services. Payone offers a comprehensive suite of services, such as card payment processing, e-commerce solutions, and integrated cash register systems. Their focus is on providing efficient and secure payment processing to enhance customer experiences. Operating primarily in Germany and Austria, Payone has established itself as a significant player in the payment processing industry, addressing the growing demand for cashless transactions. Their solutions are designed to meet the specific needs of various industries, ensuring that businesses can adapt to the evolving payment landscape.

16. Zalopay

• Website: zalopay.vn
• Ownership type: Private
• Headquarters: Ho Chi Minh City, Ho Chi Minh, Vietnam
• Employee distribution: Vietnam 100%
• Founded year: 2017
• Headcount: 501-1000
• LinkedIn: zalopay

Zalopay, operated by ZION Joint Stock Company, is a financial technology service provider based in Ho Chi Minh City, Vietnam. Launched in 2017, Zalopay offers an electronic payment platform that allows users to perform a variety of financial transactions seamlessly. The platform is integrated with Zalo, a widely used messaging app in Vietnam, enabling users to transfer money, pay bills, and shop online without needing to switch between different applications. Zalopay has positioned itself as a convenient solution for everyday financial needs, providing services such as free money transfers, bill payments for utilities, and online shopping. The company has also partnered with numerous merchants and service providers, enhancing its utility for consumers. Zalopay is fully licensed by the State Bank of Vietnam to operate as a payment intermediary, ensuring compliance with local regulations and security standards. With a dedicated workforce of around 412 employees, Zalopay continues to expand its offerings and improve user experience in the competitive mobile payment market.

17. Getnet Brasil

• Website: getnet.com.br
• Ownership type: Private
• Headquarters: Sao Paulo, Sao Paulo, Brazil
• Employee distribution: Brazil 100%
• Founded year: 2003
• Headcount: 1001-5000
• LinkedIn: getnet-br

Getnet Brasil, founded in 2003 and based in São Paulo, is a private financial technology company that specializes in payment processing and financial solutions tailored for both businesses and consumers. With a workforce of over 2,200 employees, Getnet provides a range of products designed to facilitate financial transactions, including payment machines, digital accounts, and loan services. The company aims to enhance cash flow and simplify payment processes through innovative solutions. Their offerings include mobile payment options, such as 'Get Tap', which allows users to accept payments via their smartphones, and various e-commerce solutions. Getnet Brasil is fully operational in Brazil, demonstrating a strong commitment to serving the local market and addressing the needs of various industries.

18. Vnpay

• Website: vnpay.vn
• Ownership type: Private
• Headquarters: Hanoi, Hanoi, Vietnam
• Employee distribution: Vietnam 100%
• Latest funding: April 2019
• Founded year: 2007
• Headcount: 1001-5000
• LinkedIn: vnpay

VNPAY, officially known as Công ty Cổ phần Giải pháp Thanh toán Việt Nam, is a fintech company based in Hanoi, Vietnam. Established in 2007, VNPAY specializes in electronic payment solutions, providing a range of services that include mobile banking applications, electronic wallets, and comprehensive payment processing systems. The company serves both individual consumers and businesses, facilitating efficient financial transactions and enhancing user experiences in payment processing. VNPAY has integrated its services with over 40 banks and collaborates with more than 250,000 businesses across Vietnam, showcasing its significant presence in the market. The company is recognized for its innovative payment solutions, such as VNPAY-QR, which allows for quick and secure transactions, and VNPAY Soft-POS, which transforms mobile devices into point-of-sale systems. VNPAY's commitment to leveraging modern technology positions it as a key player in the electronic payment sector.

19. Fortumo

• Website: fortumo.com
• Ownership type: Corporate
• Headquarters: Tartu, Tartu, Estonia
• Latest funding: $45.0M, June 2020
• Founded year: 2007
• Headcount: 51-200
• LinkedIn: fortumo-ltd-

Fortumo, now known as Boku, is a payment processing company based in Tartu, Estonia, founded in 2007. The company specializes in local payment methods and mobile wallet transactions, providing tailored solutions for large enterprises and digital merchants. Fortumo has built a strong network that supports over 200 local payment methods, reaching more than 7 billion consumer payment accounts across 70 countries. This extensive reach allows businesses to efficiently process payments and engage with mobile-first consumers. In June 2020, Fortumo secured $45 million in funding, which underscores its growth potential and commitment to enhancing its payment processing capabilities. The company focuses on custom implementations and performance strategies, ensuring that its clients can optimize their payment processes and improve user experiences.

20. Allied Wallet

• Website: alliedwallet.com
• Ownership type: Private
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United States (USA) 100%
• Founded year: 2002
• Headcount: 1001-5000
• LinkedIn: allied-wallet

Allied Wallet, founded in 2002 and based in London, England, is a payment processing company that specializes in providing a range of financial services tailored for small to medium-sized businesses. The company offers credit card processing, global payment gateways, and mobile point-of-sale solutions, making it a versatile player in the payment processing industry. With a strong emphasis on security, Allied Wallet ensures that all transactions are encrypted and compliant with PCI standards. They operate globally, facilitating transactions in 196 countries and accepting various payment methods, which enhances the e-commerce experience for their clients. Their mobile point-of-sale app allows businesses to accept payments anywhere, reflecting their commitment to innovation and customer convenience. Allied Wallet has processed billions of dollars in transactions, showcasing their operational scale and customer trust.

21. Flutterwave

• Website: flutterwave.com
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Nigeria 70%, United States (USA) 14%, United Kingdom (UK) 4%, Other 12%
• Latest funding: March 2023
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: flutterwave

Flutterwave is a fintech company founded in 2016, headquartered in San Francisco, California. It focuses on providing payment infrastructure and solutions for global merchants and payment service providers. The company enables businesses to accept payments from various locations and currencies, primarily targeting the African market and expanding its reach internationally. Flutterwave's offerings include money transfers, payment processing, and e-commerce solutions, which are crucial for businesses looking to operate in a global marketplace. The company has a significant presence in Africa, with a large portion of its workforce based in Nigeria. Flutterwave's Send App allows users to send money quickly and securely to local bank accounts and mobile wallets, emphasizing their role in mobile payment processing. The company is also ISO 27001 and PCI DSS certified, ensuring high standards of security and compliance in their operations.

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