Mobile payment gateways serve as vital facilitators in the digital economy, enabling swift and secure transactions between consumers and merchants. These platforms allow users to perform financial activities from their smartphones, thus simplifying payments for everything from online shopping to in-store purchases. In recent years, the mobile payment industry has witnessed unprecedented growth, fueled by technological advancements and the increased use of smartphones globally. With the rise of contactless payments and emerging methods like cryptocurrencies, the industry's trajectory points towards further digitization, making it essential for businesses to adapt to this evolving financial landscape.

The companies listed range from start-ups to established players, with headquarters mainly in Asia, North America, and Europe. Founded between 2000 and 2017, these firms focus on various niches within the payment processing space. They offer a variety of specialties, from advanced point-of-sale systems and e-commerce solutions to mobile wallets and fraud protection services. In total, the workforce across these companies typically varies from small teams of fewer than 200 to several thousand employees, highlighting the growth and scale of this industry.

Continue reading to discover the top mobile payment gateway companies.

Top 27 Mobile Payment Gateways Companies

1. 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 offers 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 clientele. The company has made significant strides in the payment industry, with over 31,000 businesses relying on its services. Interswitch has also received substantial funding, with a reported amount of $110 million in May 2022, indicating investor confidence in its growth potential. Their payment gateway, known as Interswitch Payment Gateway (IPG), provides tools for seamless collections and transaction tracking, further solidifying their role in the digital payment space.

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. It serves over 1.3 billion users and 80 million merchants, making it a cornerstone of the financial technology sector. Alipay offers a range of services designed to facilitate secure transactions and provide digital business solutions. Its platform caters to the needs of both consumers and businesses, enabling seamless payment experiences in various contexts, from e-commerce to in-store transactions. Alipay is also part of Ant Group, which further strengthens its position in the financial services industry, allowing it to integrate additional offerings such as credit services and digital banking. This multifaceted approach positions Alipay as a key player in the mobile payment ecosystem.

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 facilitates secure transactions across multiple channels, including in-person, online, and mobile platforms. Worldpay's offerings include payment processing solutions, fraud protection tools, and payment optimization services, catering to a wide range of clients from small businesses to large enterprises. With a global presence, Worldpay supports over one million merchants and processes transactions in 135 currencies. Their commitment to innovation is evident in their partnerships with major technology firms and their integration of mobile payment solutions, such as Apple Pay and Google Pay. Recently, Worldpay secured a substantial funding amount, indicating strong investor confidence in their business model and growth potential.

4. 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 range of payment solutions tailored to various sectors, including retail, hospitality, transportation, and more. Their offerings include point of sale terminals, software services, and integrated payment solutions designed to enhance customer experiences and streamline transaction processes. Ingenico is actively involved in the mobile payment industry, providing solutions that allow businesses to accept payments anytime and anywhere, on any device. Their innovative products, such as SoftPOS and Android-based terminals, reflect their commitment to adapting to the changing needs of merchants and consumers alike.

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 player in the financial services sector, focusing on payment processing and merchant services. Founded in 1971 and headquartered in Atlanta, Georgia, the company provides a comprehensive suite of solutions designed to help businesses manage transactions effectively. Their offerings include Clover POS systems, which serve small to mid-sized businesses, and advanced eCommerce services that facilitate online transactions. First Data's technology-driven approach aims to enhance customer experiences while optimizing operational efficiency. The company has a significant global presence, processing trillions of dollars in transactions annually, and serves a wide array of industries. With a workforce distributed across multiple countries, First Data continues to innovate and adapt to the changing demands of the payment processing landscape.

6. 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 mobile payments, card products, and cross-border remittance solutions. With a workforce of approximately 576 employees, the company operates in 183 countries, facilitating secure payment methods for travelers and merchants alike. UnionPay International offers various mobile payment solutions, including mobile quick payment, cloud payment, and QR code payment, which are integral to their service offerings. The company has established a strong presence in the global market, catering to the needs of both consumers and businesses, and providing a comprehensive suite of financial services. Their focus on enhancing mobile payment capabilities positions them as a relevant player in the industry.

7. 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 since 1991. As a subsidiary of U.S. Bank, Elavon provides a comprehensive suite of payment solutions designed to meet the needs of businesses of all sizes. The company specializes in in-person, online, and contactless payment services, processing transactions valued at approximately $558 billion annually. Elavon serves over one million merchant locations worldwide, offering tailored solutions across various industries, including retail, healthcare, and hospitality. Their commitment to security and compliance is evident in their approach to transaction processing, ensuring that clients can operate with confidence. Elavon also emphasizes customer support, providing 24/7 assistance to its clients, which enhances their service offering in the competitive payment processing market.

8. 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 industries such as retail, restaurants, and professional services. Their offerings include advanced point-of-sale (POS) systems, online payment solutions, and data services designed to enhance transaction efficiency and operational performance. Moneris processes approximately 3.5 billion transactions annually for over 350,000 merchant locations across Canada. The company has also secured substantial funding, with a notable amount of $425 million reported in 2016, which underscores its growth and investment in technology to better serve its clients.

9. 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 headquartered in Chicago, Illinois, is a payment processing company that provides comprehensive e-commerce solutions for businesses. The company enables merchants to accept online payments securely through its platform, which includes services like Braintree Direct and robust data security features. Braintree caters primarily to e-commerce businesses, offering a seamless payment experience that supports various payment methods, including credit cards, PayPal, and Venmo. With a workforce of around 500 to 1,000 employees, Braintree has established itself as a significant player in the payment processing industry. The company received substantial funding of $800 million in 2013, which has likely contributed to its growth and technological advancements. As a service of PayPal, Braintree leverages the extensive experience and infrastructure of one of the most trusted names in fintech, enhancing its capabilities in the payment processing space.

10. 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 specializes in offering a comprehensive suite of payment solutions. The company provides payment gateways, payouts, and identity verification services, catering to a wide array of sectors. With a client base exceeding 600,000 businesses, Cashfree has established itself as a significant player in the payment processing industry. The company has received substantial venture capital funding, with its latest round raising $53 million in February 2025. This financial backing supports its mission to enhance payment processing efficiency and expand its service offerings, including instant settlements and international payment capabilities. Cashfree Payments is also recognized for its developer-friendly APIs, making it easier for businesses to integrate their payment solutions seamlessly.

11. 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 prominent player in the Southeast Asian market, providing businesses with a range of services that 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 significant presence in Indonesia, the Philippines, Singapore, Thailand, and Malaysia, with a workforce that reflects this geographic distribution. 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 environment.

12. 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 range of solutions for payment acceptance. The company serves various sectors, including retail and hospitality, by offering tools that streamline transaction management. Their services include point-of-sale (POS) systems, payment gateways, and fraud management tools, all designed to enhance the efficiency of payment processes. CardConnect's platform, CardPointe, allows businesses to accept payments in-store, online, and on-the-go, catering to the needs of merchants in a fast-paced environment. The company has also received significant funding, amounting to $750 million in 2017, which underscores its growth potential and market relevance.

13. 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 is a payment service provider based in Riyadh, Saudi Arabia, specializing in fintech solutions. Founded in 2010, the company has grown to employ around 127 people, with a significant portion of its workforce located in Jordan, Saudi Arabia, and the United Arab Emirates. HyperPay offers a wide range of online payment processing services tailored to businesses in the MENA region. Its platform includes features such as invoicing, fraud prevention, and recurring billing, aimed at facilitating secure transactions and improving customer experiences. The company has received notable funding, with its last round amounting to approximately $36.8 million in May 2022, reflecting its growth trajectory and the confidence investors have in its business model. HyperPay operates multiple regional offices and connects merchants to a network of local and global payment methods, positioning itself as a key player in the shift towards a cashless society in the region.

14. 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 payment processing systems. The company serves both 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 various sectors. Their innovative offerings, such as VNPAY-QR for quick payments and Soft-POS technology that turns smartphones into payment terminals, demonstrate their active role in advancing mobile payment solutions in Vietnam. VNPAY's focus on technology and customer service has positioned it as a key player in the electronic payment landscape.

15. 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 specializes in providing digital payment solutions tailored for businesses across the Middle East and Africa. Their product suite includes online payment processing, point-of-sale (POS) systems, payment links, subscription management, and mass payout services. Paymob aims to simplify payment operations for businesses of all sizes, enhancing customer experiences through secure and efficient payment methods. With a workforce of over 1,100 employees, the company has a strong presence in Egypt, with additional operations in the United Arab Emirates and Pakistan. In September 2024, Paymob secured $22 million in Series B funding, reflecting its growth trajectory and the increasing demand for its services in the evolving digital payment landscape.

16. Wave Money

• Website: wavemoney.com.mm
• Ownership type: Corporate
• Headquarters: Yangon, Yangon, Myanmar
• Employee distribution: Myanmar 97%, Other 3%
• Latest funding: January 2022
• Founded year: 2015
• Headcount: 201-500
• LinkedIn: digital-money-myanmar

Wave Money, founded in 2015 and based in Yangon, Myanmar, is a mobile financial service provider that has transformed the way people in Myanmar access financial services. The company offers a range of services, including money transfers, bill payments, and a mobile wallet application known as WavePay. With a workforce of approximately 563 employees, Wave Money has built a robust network of over 65,000 agents, covering around 89% of the country. This extensive network allows Wave Money to serve both consumers and businesses, particularly those in remote areas where traditional banking is often inaccessible. The company was the first in Myanmar to receive a mobile financial services registration certificate from the Central Bank in 2016 and has since maintained its profitability. WavePay, launched in 2020, enables users to perform various transactions, including cashing in and out, topping up mobile accounts, and making online purchases. Wave Money's focus on providing accessible financial solutions positions it as a key player in Myanmar's evolving fintech landscape.

17. 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 and 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, making it easier for them to engage in international commerce. Flutterwave operates primarily in Africa, with a significant presence in Nigeria, and has expanded its services to other regions, including the United States and the United Kingdom. Their offerings include the Send App for international money transfers, payment processing solutions for e-commerce, and point-of-sale systems. Flutterwave is recognized for its commitment to security, holding certifications such as ISO 27001 and PCI DSS compliance, which assure users of safe transactions. The company has also received funding, which supports its growth and innovation in the payment processing industry.

18. PayTabs Global

• Website: paytabs.com
• Ownership type: Private
• Headquarters: Riyadh, Riyadh, Saudi Arabia
• Employee distribution: United Arab Emirates 27%, Egypt 22%, Saudi Arabia 20%, Other 31%
• Founded year: 2014
• Headcount: 201-500
• LinkedIn: paytabs-holding-company

PayTabs Global, based in Riyadh, Saudi Arabia, is a private payment solutions provider that has been operational since 2014. The company specializes in delivering a comprehensive suite of digital payment services tailored for businesses and organizations. Its offerings include payment gateways, invoicing solutions, and social commerce tools, all designed to streamline payment processes and enhance customer experiences. PayTabs serves a variety of sectors, including retail, e-commerce, and government, demonstrating its capability to cater to different market needs. The company has a notable presence in the Middle East and North Africa, with a workforce distributed across countries like the United Arab Emirates, Egypt, and India. PayTabs is committed to innovation, providing features such as real-time onboarding and a robust merchant dashboard that allows businesses to manage transactions efficiently. This focus on technology and customer service positions PayTabs as a relevant player in the payment solutions industry.

19. 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 a range of financial services. These include credit card processing, global payment gateways, and mobile point-of-sale solutions. The company primarily serves small to medium-sized businesses, offering secure and efficient payment solutions to facilitate transactions. With a global reach, Allied Wallet processes payments in 196 countries and supports a multitude of payment methods, enhancing the e-commerce experience for its clients. Their mobile point-of-sale solution, AW mPOS, allows merchants to accept payments via mobile devices, reflecting their adaptability to current market trends. Allied Wallet is also PCI DSS Level 1 compliant, ensuring high standards of security for transactions. The company has not reported any recent funding, indicating a self-sustaining business model.

20. 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), founded in 2017 and based in Jakarta, Indonesia, is a digital payment service company that provides a platform for financial transactions through its mobile application. The company offers OVO Cash, which allows users to make payments at various merchants, and OVO Points, a loyalty rewards system that incentivizes consumer spending. OVO serves both consumers and merchants, enhancing the financial experience by facilitating easy payments and offering attractive deals. The application is designed to be user-friendly, allowing users to manage their finances effectively while enjoying rewards for their transactions. OVO has established partnerships with numerous merchants, enabling a wide acceptance of its payment solutions across Indonesia. As of the latest information, OVO has not reported any recent funding, indicating a stable operational phase since its inception.

21. 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 boasts over 200 local payment methods across more than 70 countries, Boku has positioned itself as a significant player in the mobile payment industry. The company processes over $9 billion 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 valuable partner for businesses looking to enhance their payment processing capabilities.

22. Paysera

• Website: paysera.com
• Ownership type: Private
• Headquarters: Vilnius, Vilnius, Lithuania
• Employee distribution: Lithuania 63%, Bulgaria 9%, Morocco 7%, Other 22%
• Founded year: 2004
• Headcount: 201-500
• LinkedIn: paysera

Paysera, founded in 2004 and based in Vilnius, Lithuania, is a financial services company that specializes in payment processing, currency exchange, and money transfers. With a workforce of approximately 275 employees, Paysera caters to both businesses and consumers, providing tools for effective financial management through their mobile app and online platforms. The company operates a payment gateway that facilitates seamless transactions for e-commerce, allowing merchants to accept payments via card, bank, or SMS. Paysera also offers a ticketing system for events, enhancing their service portfolio. Their commitment to security and user-friendly solutions has attracted a substantial client base, with over 13,000 merchants relying on their payment processing capabilities. Paysera's services extend to fast and competitively priced international money transfers, making them a versatile player in the financial services industry.

23. ZainCash

• Website: zaincash.iq
• Ownership type: Private
• Headquarters: Baghdad, Baghdad Governorate, Iraq
• Employee distribution: Iraq 99%
• Founded year: 2015
• Headcount: 51-200
• LinkedIn: zain-cash

ZainCash is a financial services company based in Baghdad, Iraq, founded in 2015. It specializes in providing electronic financial solutions tailored to the Iraqi market. The company offers a range of services, including mobile wallets, money transfers, and payment gateways, aimed at enhancing financial accessibility and security for individuals, businesses, and organizations. ZainCash is licensed by the Central Bank of Iraq, which underscores its legitimacy and commitment to regulatory compliance. Since its inception, ZainCash has facilitated billions of transactions, showcasing its significant impact on the local economy. The company has also received recognition for its innovative approaches, including awards for mobile innovation. ZainCash continues to expand its offerings, including partnerships with international organizations to provide financial assistance and cash disbursement services, further solidifying its role in the financial ecosystem of Iraq.

24. 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 various financial transactions, such as money transfers, bill payments, and online shopping, through a user-friendly app. The platform is integrated with Zalo, a widely used messaging service in Vietnam, allowing users to send money and make payments directly within their chat conversations. Zalopay has gained traction in the Vietnamese market by providing a range of services, including mobile top-ups, utility bill payments, and e-commerce transactions. The company emphasizes security and user experience, boasting international security certifications and a commitment to free transactions for most services. Zalopay primarily targets individual consumers, making it a relevant player in the mobile payment gateway industry.

25. 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 based in Sunnyvale, California, with a significant operational presence in Africa, particularly in Nigeria, South Africa, and Kenya. Founded in 2015, 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, ranging from startups to large corporations, by simplifying payment processes and enhancing customer experiences. The company is known for its robust APIs, which allow developers to create custom payment solutions tailored to their specific needs. In October 2020, Paystack secured $200 million in funding, further supporting its mission to power growth for businesses across Africa. As a subsidiary of Stripe, Paystack benefits from strong global partnerships and expertise in the fintech sector.

26. PaymentCloud

• Website: paymentcloudinc.com
• Ownership type: Corporate
• Headquarters: Los Angeles, California, United States (USA)
• Employee distribution: United States (USA) 98%, India 2%
• Latest funding: January 2024
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: paymentcloud

PaymentCloud, founded in 2016 and based in Los Angeles, California, is a payment processing company that provides a comprehensive suite of services designed to facilitate secure and efficient payment acceptance for businesses across various sectors. The company offers credit card processing, ACH payments, and advanced fraud prevention tools, catering to a wide range of industries, including eCommerce, tech support, and even high-risk sectors like adult services and firearms. PaymentCloud emphasizes a personalized approach, ensuring that clients receive tailored solutions that fit their unique operational needs. Their platform supports mobile payments, allowing businesses to accept transactions on-the-go, which is increasingly important in today's digital economy. With a dedicated team of representatives, PaymentCloud aims to provide exceptional customer service and support, helping businesses navigate the complexities of payment processing. As of now, there is no reported funding for the company, indicating a self-sustained operational model.

27. Infibeam Avenues Limited

• Website: ccavenue.com
• Ownership type: Private
• Headquarters: Mumbai, Maharashtra, India
• Employee distribution: India 100%
• Latest funding: $9.0M, June 2016
• Founded year: 2000
• Headcount: 501-1000
• LinkedIn: ccavenues

Infibeam Avenues Limited, based in Mumbai, Maharashtra, India, is a private company founded in 2000. It operates primarily through its CCAvenue platform, which provides a range of fintech solutions including payment gateways, invoice payments, and mobile payment applications. The company serves online merchants and businesses, enabling them to accept various payment methods and enhance transaction success rates. CCAvenue is recognized for its extensive payment options, including credit cards, debit cards, net banking, and UPI, making it a versatile choice for e-commerce and retail sectors. With a workforce of around 255 employees, Infibeam Avenues has positioned itself as a significant player in the Indian payment processing industry, catering to nearly 3 million merchants. The company has also received funding, with a notable amount of $9 million reported in 2016, indicating investor confidence in its growth potential.

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