We outline the market outlook for payment APIs & infrastructure in the financial services industry — from investment trends and leading companies to recommendations for the players in the space.
What are payment APIs & infrastructure?
Payment application programming interface (API) and infrastructure companies enable small and medium-sized businesses (SMBs) to manage payments by providing APIs and infrastructure tech that act like credit card processors. This technology can handle a wide array of payment tasks — from one-time payments to subscription payments to crypto payments — to create a smooth checkout experience for merchants and shoppers.
Features & capabilities
Payment APIs and infrastructure provide SMB leaders with several capabilities, including the following:
- Fraud detection and risk-scoring technologies
- Recurring billing and subscription management tools
- White-label digital wallet infrastructure solutions
- Online payment gateways
- Open banking payments platform
- Payment-linked loyalty platform
Benefits
Payment APIs and infrastructure offer these substantial benefits to SMB leaders:
- Increased revenue margins
- Improved customer experience
- Reduced operational costs
- Reduce manual work
- Reduced costs of delivery
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