Digital payment solutions companies facilitate electronic transactions, transforming how consumers and businesses handle payments. This sector covers a spectrum of technologies, from online payment platforms to mobile wallets, automating financial processes and increasing transaction efficiency. As businesses shift to cashless operations, demand for innovative and secure payment technologies grows. Insights show a significant uptick in mobile transactions and peer-to-peer platforms, driving adoption in developing regions. Companies prioritizing security, accessibility, and user experience are well-positioned to lead the transformation in this essential financial service.

The list includes major players like Worldpay and Alipay, showing a mix of corporate and private ownership. Companies vary widely in size, ranging from hundreds to tens of thousands of employees. Many were founded in the past two decades, reflecting swift industry evolution. Their specializations include payment processing, gateway solutions, and mobile transactions, catering to a global market with local presence, particularly in regions like North America and Asia.

Read on to discover the top digital payment solutions companies.

Top 22 Digital Payment Solutions Companies

1. 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 firm provides a comprehensive suite of solutions designed to facilitate secure transactions across various channels, including in-person, online, and mobile. Worldpay serves a wide range of clients, from small to midsize businesses to large enterprises, helping them manage their payment processes effectively. The company is known for its robust fraud protection measures and payment optimization tools, which enhance transaction security and efficiency. With a global footprint, Worldpay supports over one million merchants and processes trillions of dollars in transactions annually. The company has also received significant funding, amounting to $22.7 billion, indicating strong investor confidence in its business model and growth potential.

2. 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 is a technology-driven company based in Lagos, Nigeria, specializing in electronic payments and digital commerce solutions. Founded in 2002, Interswitch has developed a robust suite of services that includes payment gateways, card issuance, and advisory services tailored for individuals and businesses. The company operates primarily in Africa, focusing on facilitating secure and efficient transactions for its clients. Interswitch's flagship product, the Interswitch Payment Gateway (IPG), allows businesses to accept payments through various channels, including cards, USSD, and bank transfers. The company also issues the Verve card, which is widely accepted across Nigeria and beyond. Interswitch has received significant funding, with the latest round amounting to $110 million in May 2022, underscoring its growth trajectory and commitment to enhancing digital payment solutions across the continent.

3. 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 prominent payment processing company that specializes in mobile and online payment solutions. With a user base exceeding 1.3 billion and partnerships with around 80 million merchants, Alipay plays a crucial role in the financial technology sector. The platform offers a variety of services designed to facilitate secure transactions and enhance digital business operations. Alipay's offerings cater to both consumers and businesses, making it a vital component of the digital economy. The company is owned privately and has a substantial workforce, indicating its operational capacity and commitment to innovation in payment solutions.

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, it has established itself as a key player in payment processing and merchant services. The company offers a wide array of solutions, including Clover POS systems and eCommerce services, designed to help businesses manage transactions efficiently. First Data serves various industries, providing technology-driven solutions that enhance customer experiences and streamline operations. With a significant annual processing volume and a global presence, First Data is committed to supporting businesses in optimizing their payment processes and improving operational efficiencies.

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 facilitating secure electronic transactions. With a workforce of over 4,200 employees, Ingenico provides a comprehensive suite of payment solutions, including point of sale terminals and software services. Their offerings are tailored primarily for businesses in sectors such as retail, hospitality, transportation, and energy. Ingenico's integrated payment solutions aim to enhance customer experiences and streamline transaction processes, making them a vital partner for businesses seeking to improve their payment systems. The company has not reported any recent funding, indicating a stable operational model under private equity ownership.

6. Klarna

• Website: klarna.com
• Ownership type: Venture Capital
• Headquarters: Stockholm, Stockholm, Sweden
• Employee distribution: Sweden 47%, Germany 25%, United States (USA) 6%, Other 22%
• Latest funding: $4.3M, December 2024
• Founded year: 2005
• Headcount: 1001-5000
• LinkedIn: klarna

Klarna Bank AB, founded in 2005 and headquartered in Stockholm, Sweden, is a fintech company that provides innovative payment solutions tailored for both consumers and businesses. The company is best known for its 'buy now, pay later' services, which allow consumers to make purchases with flexible payment options. Klarna partners with a wide array of e-commerce businesses, enhancing their payment processing capabilities and driving customer engagement. With a workforce of nearly 4,739 employees, Klarna operates primarily in Sweden, Germany, and the United States, among other regions. The company has recently secured funding, with a reported amount of approximately $4.3 million in December 2024, indicating ongoing investor interest in its growth and market potential.

7. PhonePe

• Website: phonepe.com
• Ownership type: Private Equity
• Headquarters: Attibele, Karnataka, India
• Employee distribution: India 100%
• Latest funding: $100.0M, May 2023
• Founded year: 2015
• Headcount: 5001-10000
• LinkedIn: phonepe-internet

PhonePe, founded in 2015 and based in Attibele, Karnataka, India, is a private equity-backed digital payments platform. The company has grown rapidly, employing between 5,001 and 10,000 individuals. PhonePe provides a comprehensive suite of financial services, including payment processing, insurance products, and investment options. It serves both consumers and businesses, facilitating secure transactions in a cashless economy. The platform is particularly notable for its integration with UPI (Unified Payments Interface), which has become a cornerstone of digital transactions in India. PhonePe's recent funding round in May 2023 raised $100 million, underscoring its growth trajectory and the confidence investors have in its business model. With a user base exceeding 56 crore and acceptance at over 4 crore merchants, PhonePe is a significant player in the Indian digital payments landscape, driving innovation and accessibility in financial services.

8. Skrill, a Paysafe Experience

• Website: skrill.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United States (USA) 50%, Greece 12%, United Arab Emirates 12%, Other 25%
• Latest funding: $936.8M, March 2015
• Founded year: 2001
• Headcount: 1001-5000
• LinkedIn: skrill

Skrill, a Paysafe Experience, is a digital payment service headquartered in London, England. Established in 2001, Skrill offers a comprehensive online wallet solution that enables users to send money, make online payments, and engage in cryptocurrency transactions. The platform is designed for both individual consumers and businesses, allowing for secure financial management without reliance on traditional banking systems. Skrill has made significant strides in the digital payment industry, providing services that include international money transfers and a prepaid card option. The company has also developed a loyalty program, Skrill Knect, which rewards users for transactions. With a workforce of around 130 employees and a global presence, Skrill continues to adapt to the evolving needs of its users, maintaining relevance in the competitive digital payment landscape.

9. 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 processing, including online payment gateways, point-of-sale (POS) systems, and subscription management tools. Paymob's solutions enable businesses to enhance customer experiences and streamline their payment operations. Recently, the company secured $22 million in Series B funding in September 2024, reflecting its growth trajectory and the confidence investors have in its business model. Paymob's innovative approach to digital payments, including features like payment links and cashless solutions, positions it as a key player in the financial technology sector.

10. 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 active in the industry since 1991. As a subsidiary of U.S. Bank, Elavon provides a wide range of payment solutions tailored to meet the needs of various businesses, including small, mid-sized, and large enterprises. The company specializes in secure transaction processing, compliance solutions, and customer support, serving over 1,000,000 merchant locations worldwide. Elavon offers services such as in-person payments, online payment gateways, and contactless payment options, making it a versatile choice for businesses looking to optimize their payment processes. With a strong focus on industry-specific solutions, Elavon caters to sectors like retail, healthcare, hospitality, and more. Their commitment to security and customer service is evident in their 24/7 support and adherence to PCI compliance standards. Elavon processes transactions valued at nearly $558 billion annually, showcasing its significant role in the global payment processing market.

11. 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 Solutions Corp., based in Toronto, Ontario, is a prominent payment processing company that specializes in financial technology solutions tailored for various sectors, including retail, restaurants, and professional services. Established in 2000, Moneris has grown to employ over 2,200 individuals, primarily in Canada. The company offers a comprehensive suite of products, including advanced point-of-sale (POS) systems, online payment solutions, and data services designed to enhance transaction efficiency and operational performance for businesses. Moneris serves a wide array of clients, processing approximately 3.5 billion transactions each year across more than 350,000 merchant locations. Their commitment to innovation is evident in their offerings, such as the Moneris Go app, which allows businesses to accept contactless payments directly on iPhones, and their Moneris Gateway for e-commerce transactions. Moneris has also received significant funding, amounting to $425 million in 2016, which underscores its growth potential and market confidence.

12. Ant Group

• Website: antgroup.com
• Ownership type: Private Equity
• Headquarters: Hangzhou, Zhejiang, China
• Employee distribution: China 88%, Singapore 4%, Other 8%
• Latest funding: Other (Debt), $6.5B, March 2023
• Founded year: 2014
• Headcount: 5001-10000
• LinkedIn: antfinancial

Ant Group, founded in 2014 and based in Hangzhou, Zhejiang, China, is a financial technology company that specializes in digital payment solutions and financial services. The company operates Alipay, one of the largest digital payment platforms globally, which serves millions of users and facilitates secure transactions for both consumers and businesses. Ant Group's offerings extend beyond payment processing; they provide a range of financial services and development tools aimed at improving user experiences in digital environments. The company has a substantial workforce, with over 10,000 employees, and has recently secured $6.5 billion in funding, indicating strong investor confidence in its growth and innovation potential.

13. Tsys

• Website: tsys.com
• Ownership type: Corporate
• Headquarters: Columbus, Georgia, United States (USA)
• Employee distribution: India 38%, United States (USA) 37%, United Kingdom (UK) 10%, Other 15%
• Latest funding: $21.5B, May 2019
• Founded year: 1983
• Headcount: 10001+
• LinkedIn: tsys

Total System Services, Inc. (TSYS), founded in 1983 and based in Columbus, Georgia, is a financial technology company that specializes in payment processing and related services. TSYS provides a wide array of solutions designed to assist financial institutions, fintech companies, and retailers in managing transactions, mitigating fraud, and enhancing customer relationships through advanced technology. The company operates on a global scale, leveraging a cloud-native platform that allows for scalable and secure payment solutions. TSYS's offerings include digital onboarding, payment processing, risk management, and data analytics, which are crucial for businesses aiming to optimize their payment systems. With a workforce of over 9,000 employees and a significant presence in various countries, TSYS is well-positioned in the digital payment sector, continuously evolving to meet the demands of its clients.

14. EVO Payments, Inc.

• Website: evopayments.com
• Ownership type: Corporate
• Headquarters: Atlanta, Georgia, United States (USA)
• Employee distribution: United States (USA) 67%, Mexico 14%, Ireland 6%, Other 12%
• Latest funding: $4.0B, August 2022
• Founded year: 1989
• Headcount: 1001-5000
• LinkedIn: evopayments

EVO Payments, Inc. is a payment technology and services provider based in Atlanta, Georgia. Established in 1989, the company specializes in integrated payment solutions and merchant services, facilitating secure payment processing for businesses globally. With operations in over 50 markets and the ability to handle transactions in more than 150 currencies, EVO supports a wide array of clients, including merchants and financial institutions. The company processes over $100 billion in transaction volume each year and serves more than 550,000 businesses worldwide. EVO's commitment to innovation is evident through its partnerships and acquisitions, such as its recent collaboration with Lawn Buddy to enhance payment processing for lawn care professionals. This focus on providing efficient and reliable payment solutions underscores EVO's role in the digital payment industry.

15. MercadoPago.com

• Website: mercadopago.com
• Ownership type: Private
• Headquarters: Brazil
• Founded year: 2004
• Headcount: 1001-5000
• LinkedIn: mercadopago-com

MercadoPago.com is a financial services company based in Brazil, primarily operating in the fintech sector. Founded in 2004, it has grown to offer a variety of digital financial solutions, including digital accounts, payment processing, and credit services tailored for both consumers and businesses. The platform allows users to manage their finances, make payments, and access credit with ease. Mercado Pago is particularly known for its innovative payment solutions, such as QR code payments and online sales links, which facilitate seamless transactions. The company has built a robust infrastructure to support online payments, making it a vital player in the digital payment ecosystem in Latin America. With a workforce of over 1,000 employees, Mercado Pago continues to expand its services and enhance its offerings to meet the evolving needs of its users.

16. 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 payment processing company that specializes in a variety of financial services. The company provides mobile payment solutions, card products, and cross-border remittance services, catering to both individual consumers and businesses. With a workforce of approximately 576 employees, UnionPay International has established a significant presence in the payment processing industry. Their services are designed to facilitate secure transactions across 183 countries, making them a vital resource for travelers and merchants. The company has not reported any recent funding, indicating a stable operational model since its inception. UnionPay International's commitment to enhancing payment security and convenience positions it as a key player in the evolving digital payment landscape.

17. 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 is a payment processing company founded in 2007 and headquartered in Chicago, Illinois. It provides e-commerce solutions that enable businesses to accept online payments securely. Braintree's primary product, Braintree Direct, serves as an all-in-one solution for merchants looking to streamline their payment processes. The company emphasizes data security, offering features that safeguard customer information and mitigate fraud risks. Braintree supports a variety of payment methods, including credit and debit cards, PayPal, and Venmo, catering to the needs of modern consumers. With a workforce of around 500 to 1,000 employees, Braintree has established itself as a significant player in the payment processing industry. As a service of PayPal, Braintree leverages the extensive experience and trust associated with one of the most recognized names in financial technology. This affiliation enhances its credibility and operational capabilities, allowing it to serve a global market effectively.

18. Zeta

• Website: zeta.tech
• Ownership type: Corporate
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: India 99%, Other 1%
• Latest funding: Series D, $50.0M, February 2025
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: zeta.in

Zeta is a banking technology firm based in San Francisco, California, founded in 2015. The company focuses on providing innovative solutions for payment processing and core banking, primarily serving banks and fintechs. Zeta's platform enables the launch of next-generation credit cards and enhances customer experiences through its cloud-native architecture. Their offerings include credit and debit card processing, buy now, pay later (BNPL) services, and managed services aimed at improving operational efficiency and customer engagement. With a workforce of approximately 1,930 employees, predominantly located in India, Zeta has established a significant presence in the financial technology sector. The company has recently secured $50 million in funding, reflecting its growth trajectory and the increasing relevance of its services in the evolving payments landscape.

19. HyperPay

• Website: hyperpay.com
• Ownership type: Venture Capital
• Headquarters: Riyadh, Riyadh, Saudi Arabia
• Employee distribution: Jordan 52%, Saudi Arabia 34%, United Arab Emirates 14%
• Latest funding: $36.8M, May 2022
• Founded year: 2010
• Headcount: 51-200
• LinkedIn: hyperpay

HyperPay, founded in 2010 and headquartered in Riyadh, Saudi Arabia, is a payment service provider that specializes in fintech solutions tailored for businesses in the MENA region. The company has developed a robust digital platform that offers a wide array of online payment processing services, including invoicing, fraud prevention, and recurring billing. With a workforce of approximately 127 employees, HyperPay has established a strong presence in the region, with significant operations in Jordan, Saudi Arabia, and the United Arab Emirates. The company has received funding amounting to approximately $36.8 million as of May 2022, indicating investor confidence in its growth potential. HyperPay aims to support the shift towards a cashless society by providing businesses with reliable and efficient payment solutions, thereby enhancing customer experiences and driving business growth.

20. Cashfree Payments

• Website: cashfree.com
• Ownership type: Venture Capital
• Headquarters: Bengaluru, Karnataka, India
• Employee distribution: India 100%
• Latest funding: Series C, $53.0M, February 2025
• Founded year: 2015
• Headcount: 501-1000
• LinkedIn: cashfree

Cashfree Payments, based in Bengaluru, Karnataka, India, is a payment service provider that specializes in a wide array of payment solutions tailored for businesses. Since its inception in 2015, the company has grown to support over 600,000 businesses across various sectors, facilitating efficient management of payment processing and financial transactions. Cashfree offers a robust platform that includes payment gateways, instant settlements, and identity verification services. Their innovative products, such as the ability to collect payments via UPI and provide instant refunds, cater to the evolving needs of modern businesses. The company has attracted significant venture capital, with a recent funding round of $53 million, underscoring its potential for continued growth and expansion in the digital payments industry.

21. OVO (PT Visionet Internasional)

• Website: ovo.id
• Ownership type: Corporate
• Headquarters: Jakarta, Jakarta, Indonesia
• Employee distribution: Indonesia 100%
• Latest funding: October 2021
• Founded year: 2017
• Headcount: 501-1000
• LinkedIn: visionetinternasional

OVO (PT Visionet Internasional) is a Jakarta-based digital payment service provider founded in 2017. The company operates primarily through its mobile application, which allows users to conduct financial transactions seamlessly. OVO offers two main features: OVO Cash, which serves as an electronic wallet for various transactions, and OVO Points, a loyalty rewards system that incentivizes users to shop at partner merchants. The platform is designed to enhance the financial experience for its users, making payments faster and more convenient. OVO has gained traction in Indonesia, serving a significant number of consumers and merchants, and has positioned itself as a key player in the digital payment landscape. The company has not reported any recent funding, indicating a stable operational model since its last funding round in October 2021.

22. Bill Me Later, Inc.

• Website: billmelater.com
• Ownership type: Corporate
• Headquarters: Timonium, Maryland, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: $945.0M, October 2008
• Founded year: 2000
• Headcount: 201-500
• LinkedIn: bill-me-later-inc-

Bill Me Later, Inc., based in Timonium, Maryland, operates as a financial technology company under the umbrella of PayPal. Founded in 2000, the company has carved out a niche in the digital payment space by offering services that allow consumers to buy products and pay for them later, a model that has gained traction in recent years. This 'Buy Now, Pay Later' service caters to a growing consumer base that values flexibility in payment options. Bill Me Later, Inc. is part of a broader suite of financial services provided by PayPal, which includes payment processing, rewards programs, and various financial management tools. The company has received significant funding, amounting to $945 million, which highlights investor confidence in its business model and growth potential.

Digital Payment Solutions Insights: Key Companies

Company	Headquarter	Size	Founded	Ownership
Worldpay	Cincinnati, Ohio, United States (USA)	5001-10000	1993	Corporate
Interswitch Group	Lagos, Lagos, Nigeria	1001-5000	2002	Private Equity
Alipay	Hangzhou, Zhejiang, China	10001+	2004	Private
First Data Merchant Services	Atlanta, Georgia, United States (USA)	10001+	1971	Corporate
Ingenico	Suresnes, Île-De-France, France	1001-5000	1980	Private Equity
Klarna	Stockholm, Stockholm, Sweden	1001-5000	2005	Venture Capital
PhonePe	Attibele, Karnataka, India	5001-10000	2015	Private Equity
Skrill, a Paysafe Experience	London, England, United Kingdom (UK)	1001-5000	2001	Corporate
Paymob	Cairo, Cairo Governorate, Egypt	1001-5000	2015	Private Equity
Elavon, Inc.	Atlanta, Georgia, United States (USA)	1001-5000	1991	Corporate
Moneris	Toronto, Ontario, Canada	1001-5000	2000	Corporate
Ant Group	Hangzhou, Zhejiang, China	5001-10000	2014	Private Equity
Tsys	Columbus, Georgia, United States (USA)	10001+	1983	Corporate
EVO Payments, Inc.	Atlanta, Georgia, United States (USA)	1001-5000	1989	Corporate
MercadoPago.com	Brazil	1001-5000	2004	Private
UnionPay International	Shanghai, Shanghai, China	501-1000	2012	Venture Capital
Braintree	Chicago, Illinois, United States (USA)	501-1000	2007	Corporate
Zeta	San Francisco, California, United States (USA)	1001-5000	2015	Corporate
HyperPay	Riyadh, Riyadh, Saudi Arabia	51-200	2010	Venture Capital
Cashfree Payments	Bengaluru, Karnataka, India	501-1000	2015	Venture Capital
OVO (PT Visionet Internasional)	Jakarta, Jakarta, Indonesia	501-1000	2017	Corporate
Bill Me Later, Inc.	Timonium, Maryland, United States (USA)	201-500	2000	Corporate

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