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4 Payments Players - Coggle Diagram
4 Payments Players
Players
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Acquirers
Worldpay, globaldata, Adyen
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Payments Network
(VisaNet, Banknet (Mastercard))
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Gateway Evolution
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- Payment Facilitators (PayFac)
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Gateway transforming to PayFac (Payment Facilitator) by Merchant Onboarding, Underwriting, Compliance (KYB, AML) and claiming a larger share.
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Replacing Gateway at marchant by offering fully integrated services such as Accounting, Invoicing, Tax, etc.
Note: Shopify has integration with payments such as Stripe.
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