The mobile app payment companies industry focuses on enabling seamless transactions via digital platforms. This sector includes innovative companies that offer a variety of payment solutions, from mobile wallets to online processing systems. As cashless transactions and e-commerce boom, these companies play a crucial role in facilitating secure, instant payments for both consumers and businesses. An interesting trend is the growing intersection of mobile payments with emerging technologies, such as blockchain and biometrics, indicating a shift towards even more secure and efficient transaction methods in the future.

This listing encompasses 22 notable mobile app payment companies, ranging from startups to well-established firms. Companies like Braintree and PayPal leverage high financial backing, supporting thousands of employees worldwide. Founded between 1996 and 2021, many of these companies specialize in innovative solutions such as mobile wallets, payment gateways, and buy-now-pay-later options. Geographically, they span continents, mainly focused in the US, China, and Europe, which reflects the global demand for mobile payment technologies.

Continue reading to explore the top mobile app payment companies.

Top 22 Mobile App Payment 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. It specializes in enabling secure online payments, catering primarily to e-commerce and mobile app developers. Braintree offers a range of services, including Braintree Direct, which allows businesses to accept payments seamlessly through their mobile applications. The company emphasizes data security, ensuring that customer information is safeguarded during transactions. Braintree also provides robust developer support, offering detailed integration guides and API documentation to facilitate the implementation of its payment solutions. As a subsidiary of PayPal, Braintree leverages the extensive experience and resources of its parent company, enhancing its capabilities in the payment processing industry. The company has received significant funding, totaling $800 million, which underscores its growth potential and commitment to innovation in payment technology.

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 prominent payment processing company that specializes in mobile and online payment solutions. With a user base exceeding 1.3 billion and a merchant network of around 80 million, Alipay plays a crucial role in the financial technology sector. The company offers a wide range of services designed to facilitate secure transactions and provide digital business solutions. Alipay's platform addresses the needs of both consumers and businesses, making it a vital player in the digital economy. Its services include payment processing, digital marketing, and financial services, which enhance the overall user experience and operational efficiency for merchants. Alipay continues to innovate and expand its offerings, solidifying its position in the mobile payment 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 firm supports businesses and financial institutions by facilitating secure transactions across various channels, including in-person, online, and mobile. Worldpay's solutions are designed to optimize payment processes, enhance fraud protection, and provide valuable insights for businesses. They serve a wide range of clients, from small to midsize businesses to large enterprises, helping them navigate the complexities of payment management. In 2025, Worldpay secured a substantial funding amount of $22.7 billion, underscoring its financial strength and ongoing relevance in the industry. The company is also known for its partnerships with major technology firms, enhancing its capabilities in mobile payment solutions.

4. 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 focuses on providing innovative payment solutions for both consumers and businesses. The company is particularly 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 5,000 employees, Klarna operates in multiple countries, including significant markets in Germany and the United States. The company has recently secured funding, amounting to over 4 million dollars, which reflects its ongoing growth and relevance in the fintech sector.

5. 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 prominent financial services company based in Atlanta, Georgia. Founded in 1971, the company specializes in payment processing and merchant services, catering to businesses of all sizes. Their product suite includes Clover, an all-in-one point-of-sale system that allows merchants to accept payments, manage inventory, and streamline operations. First Data's technology-driven solutions enhance customer experiences and optimize transaction management across various industries. The company has a significant global presence, with a workforce distributed across the United States, India, the United Kingdom, Canada, and Brazil. Their commitment to innovation is evident in their partnerships with major tech companies, enabling features like mobile payments and contactless transactions. First Data Merchant Services continues to evolve, adapting to the changing needs of the payment processing landscape.

6. 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 that specializes in electronic payments and digital commerce solutions. The firm provides a comprehensive suite of services, including payment gateways, card issuance, and advisory services tailored for individuals and businesses across various sectors. Interswitch operates primarily in Africa, facilitating secure and efficient transactions for its clients. The company has developed the Interswitch Payment Gateway (IPG), which allows businesses to accept payments through multiple channels, including local and international cards, USSD, and bank transfers. With a workforce of over 1,700 employees, Interswitch has established itself as a key player in the payment ecosystem, serving more than 31,000 businesses. The company received $110 million in funding in May 2022, underscoring its growth potential and relevance in the digital payment industry.

7. 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 array of payment solutions, including point of sale terminals and software services. Their primary focus is on enhancing customer experiences and streamlining transaction processes across various sectors such as retail, hospitality, transportation, and more. Ingenico's product offerings include advanced payment methods, mobile payment solutions, and integrated management systems for payment devices. They are actively involved in the development of technologies that support mobile payments, making it easier for businesses to accept transactions anytime and anywhere. Ingenico's commitment to innovation is evident in their recent collaborations, such as facilitating cryptocurrency acceptance and enhancing sustainability in payment processes.

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 payment processing company that specializes in a wide array of financial services. These include mobile payments, card products, and cross-border remittance solutions. The company operates in 183 countries, providing secure payment methods that cater to both consumers and businesses. UnionPay International is particularly focused on enhancing the payment experience for travelers and merchants, offering services like mobile quick payment, QR code payments, and a dedicated app known as 'Cloud Flash Pay'. Their solutions are designed to meet the evolving needs of the payment industry, making them a relevant player in the mobile payment space.

9. 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 specializes in financial technology solutions tailored for various industries, including retail and restaurants. The company provides a comprehensive suite of products, such as point-of-sale (POS) systems, online payment solutions, and data services, aimed at enhancing transaction efficiency and operational effectiveness for businesses. Moneris processes approximately 3.5 billion transactions each year and serves over 350,000 merchant locations across Canada. Their innovative offerings include mobile payment solutions, such as the Moneris Go app, which enables businesses to accept payments via iPhone, showcasing their commitment to adapting to the evolving payment landscape.

10. 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 enables users to perform a variety of financial transactions, including money transfers, bill payments, and online shopping. The app is seamlessly integrated with Zalo, a widely used messaging service in Vietnam, allowing users to transfer money and pay bills directly within their chat interface. This integration not only simplifies the payment process but also leverages Zalo's extensive user base, enhancing user engagement. Zalopay is dedicated to providing a secure payment environment, having achieved certifications for international security standards. The company primarily serves individual consumers in Vietnam, focusing on making financial transactions easy and accessible. With a workforce of around 412 employees, Zalopay continues to expand its service offerings and partnerships across various sectors, including e-commerce and entertainment, solidifying its position in the Vietnamese payment industry.

11. 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 payment processing company that specializes in providing online payment solutions. The company offers a range of services, including APIs for payment transactions and customer profiles, which are essential for businesses looking to manage secure e-commerce transactions effectively. Authorize.net has established itself as a reliable player in the payment processing industry, catering to various business needs, from small enterprises to larger organizations. Their platform supports multiple payment methods, including credit cards and eChecks, and has expanded to accommodate mobile payment options, reflecting the growing trend of mobile commerce. The company has received significant funding, amounting to $565 million, which underscores its potential and commitment to enhancing payment solutions for its clients.

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, based in Hangzhou, Zhejiang, China, is a financial technology company that specializes in digital payment solutions and financial services. Established in 2014, the company operates the Alipay platform, which serves a vast customer base, including both consumers and businesses. Alipay facilitates secure transactions and offers tools for financial management, making it a cornerstone of digital commerce in China. Ant Group also provides various development tools and frameworks aimed at enhancing user experiences in digital environments. The company has received substantial funding, with a notable $6.5 billion raised in March 2023, indicating its ongoing growth and commitment to innovation in the financial technology sector.

13. 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, founded in 2015. The company provides a range of digital payment solutions designed to facilitate transactions for businesses of all sizes across the Middle East and Africa. Their product suite includes online payment processing, POS systems for in-store transactions, and tools for subscription management. Paymob aims to simplify payment operations and improve customer experiences through its innovative solutions. The company has recently secured $22 million in Series B funding, which underscores its growth trajectory and commitment to expanding its services. With a workforce of over 1,100 employees, Paymob is well-positioned to address the evolving needs of the payment industry, particularly in mobile applications.

14. 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 is a digital payments platform based in Attibele, Karnataka, India, founded in 2015. The company operates primarily in the Indian market, providing a comprehensive suite of financial services that includes payment processing, insurance, and investment options. PhonePe aims to enhance financial accessibility and convenience for both consumers and businesses. It facilitates a variety of payment methods, including UPI, wallets, and cards, making it a versatile choice for users. The platform has gained significant traction, with over 56 crore registered users and acceptance at more than 4 crore stores across India. In May 2023, PhonePe secured $100 million in funding, underscoring its growth trajectory and the confidence investors have in its business model. The company is committed to driving the cashless economy forward by offering innovative solutions that cater to the evolving needs of its users.

15. 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, founded in 2014 and based in South Jakarta, Indonesia, is a fintech company that specializes in payment processing solutions. The company provides a comprehensive suite of services, including payment gateways, automated payouts, and financing options, primarily targeting businesses across Southeast Asia. Xendit aims to streamline payment operations for its clients, ensuring secure and efficient transactions. With a workforce of around 630 employees, the company has established a significant presence in Indonesia, the Philippines, Singapore, Thailand, and Malaysia. In May 2022, Xendit secured $300 million in Series D funding, underscoring its growth trajectory and the increasing demand for its services. The company is particularly noted for its mobile app, which allows businesses to manage payments conveniently, reflecting the shift towards mobile-centric financial solutions in today's market.

16. Venmo

• Website: venmo.com
• Ownership type: Corporate
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 84%, Mexico 4%, Guatemala 3%, Other 9%
• Latest funding: $800.0M, January 2014
• Founded year: 2009
• Headcount: 201-500
• LinkedIn: venmo

Venmo, based in New York City, is a mobile payment service that facilitates quick and easy money transfers between users. Launched in 2009, it has grown to serve millions of consumers who use the app to split bills, pay for services, and send money to friends. Venmo operates under the PayPal umbrella, which adds a layer of trust and security to its transactions. The platform is designed to be user-friendly, incorporating social elements that allow users to share their payment activities with friends, making financial transactions feel more personal. Venmo also caters to businesses, enabling them to accept payments through the app, thus expanding its utility beyond peer-to-peer transactions. The company has received significant funding, totaling $800 million, which underscores investor confidence in its business model and growth potential.

17. Lyra

• Website: lyra.com
• Ownership type: Corporate
• Headquarters: Gueux, Grand Est, France
• Employee distribution: France 49%, India 26%, Brazil 16%, Other 9%
• Latest funding: April 2012
• Founded year: 2001
• Headcount: 201-500
• LinkedIn: lyra-network_2

Lyra, founded in 2001 and based in Gueux, Grand Est, France, is a payment processing company that specializes in secure online and in-store payment solutions. With a workforce of around 579 employees, Lyra serves businesses by facilitating various financial transactions, including mobile payments, recurring payments, and international transactions. The company is PCI DSS certified, ensuring a high level of security for its clients. Lyra's services are designed to help businesses manage their payment processes efficiently, offering tools such as a mobile SDK and REST API for seamless integration into mobile applications. Their global presence includes operations in France, India, Brazil, Colombia, and Spain, reflecting their commitment to supporting businesses in expanding their payment capabilities across different markets.

18. 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 founded in 2007 and based in Tartu, Estonia. The company specializes in local payment methods and mobile wallet transactions, catering primarily to large enterprises and digital merchants. Boku's platform is designed to help businesses efficiently process payments and connect with mobile-first consumers. With a network that includes over 200 local payment methods across more than 70 countries, Boku has established itself as a significant player in the mobile payment industry. The company processes over $9 billion in transactions annually and has seen a remarkable growth in monthly active users since 2018. Their focus on custom implementations and individualized performance strategies allows them to meet the unique needs of their clients, making them a relevant choice for businesses looking to enhance their payment processing capabilities.

19. 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, was founded in 2007 and is headquartered in Hanoi, Vietnam. The company operates in the fintech sector, focusing on electronic payment solutions. VNPAY provides a range of services, including mobile banking applications, electronic wallets, and payment processing systems. They serve both consumers and businesses, facilitating efficient financial transactions. VNPAY has integrated its services with over 40 banks and has developed partnerships with numerous businesses, enhancing its footprint in the Vietnamese market. The company has also introduced innovative solutions like VNPAY-QR for quick payments and VNPAY SoftPOS, which turns smartphones into payment terminals. With a workforce of around 950 employees, VNPAY continues to evolve and adapt to the changing landscape of digital payments in Vietnam.

20. 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 is a payment processing company founded in 2015, headquartered in Sunnyvale, California, with a strong operational presence in Africa, particularly Nigeria, South Africa, and Kenya. The company provides financial technology solutions that enable businesses to accept payments seamlessly through various methods, including card payments, bank transfers, and mobile money. Paystack has gained the trust of over 200,000 businesses, helping them simplify their payment processes and enhance customer experiences. The company has also received significant funding, amounting to $200 million, which underscores its growth potential and commitment to expanding its services across the continent. Paystack is recognized for its technical capabilities, offering well-documented APIs that allow developers to create custom payment solutions. Their focus on high transaction success rates and robust fraud protection further solidifies their position in the payment processing industry.

21. 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, founded in 2015 and based in Bengaluru, Karnataka, India, is a payment service provider that offers a comprehensive suite of payment solutions tailored for various business needs. The company provides payment gateways, payouts, and identity verification services, serving over 600,000 businesses across multiple sectors. Cashfree Payments has established itself as a key player in the payment processing industry, particularly in India, where it facilitates efficient management of financial transactions. The company has received substantial venture capital funding, with its latest round amounting to $53 million in February 2025. This financial backing supports its growth and innovation in payment solutions, including mobile app integrations and advanced features like instant refunds and recurring payments.

22. 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 comprehensive suite of solutions for payment acceptance. The company serves a variety of businesses, including retailers and restaurants, by offering tools that streamline transaction management. Their services include point-of-sale (POS) systems, payment gateways, and fraud management tools. Notably, CardConnect has a strong emphasis on mobile payments, allowing businesses to accept payments on-the-go. The company has received substantial funding, amounting to $750 million, which underscores its growth potential and commitment to enhancing payment solutions. CardConnect operates primarily in the United States, with a workforce that is predominantly based there, ensuring a focused approach to the domestic market.

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