We outline the market outlook for payment APIs & infrastructure for vendors in the payments space — from market size, to leading companies, to recommendations for leading players.
What are payment APIs & infrastructure?
Payment APIs & infrastructure companies enable businesses to seamlessly manage payments. APIs provide direct connections to payment infrastructure, allowing for faster, more secure, and lower cost transaction processing.
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. APIs can also empower businesses to accept a range of payment solutions by allowing them to act as credit card processors.
Ultimately, companies in this space are helping automate the payments process so businesses can spend less time and resources on payment systems. Additionally, payment APIs are making it easier for e-commerce developers to build payment processing capabilities.