Driving Efficiency and Innovation: The Role of Integrated Payment Platforms in Modernizing Organizational Payment Processing

Organizations implement Integrated Payment Platforms with the goal of automating manual accounting, decreasing human error, expediting cash flow, automating payment processing, and streamlining the entire payment process. Banks, processors, networks, acquirers, central infrastructures, and merchant intermediaries may all handle the complete payment lifecycle with the help of an integrated payment platform.

Across all business lines, including retail banking, corporate banking, acquisitions, and payment networks, the platform assists in managing both new and historical payment kinds. Across these various business categories, a number of top suppliers provide all essential functional solutions, such as acquiring, issuing, corporate and consumer real-time payments, and fraud monitoring. Integrated payment platforms function as a single point of contact for all domestic and international payments, acting as a payment processor.

To enable a flawless customer experience, a number of top platform providers might additionally support digital real-time payments, retail, card, and high- and low-value real-time payments. By enabling merging and alternative payment methods including social media payments, instant payments, dynamic QR codes that allow billers, merchants, and banks to send and receive money in real-time, and QR codes, the solutions assist modernize the payment experience.

Key questions this study will answer:

• How quickly is the market for integrated payment platforms expanding?

• Which are the main factors driving the global integrated payment platform market and limiting its growth?

• Which sectors have the most potential for growth throughout the projected period?

• Which area in the world presents the most potential for growth in the integrated payment platform industry?

• Which customer categories are using integrated payment platforms the most frequently?

• Which integrated payment platform deployment choices are anticipated to increase at a quicker rate over the next five years?
  

Vendors Covered:

ACI Worldwide, CBA, CGI, Finastra, Fiserv, Global Payments, IBM, Infosys, Oracle, Pelican, SAP, Stripe, TCS, Volante Technologies, and Worldline.

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