Definition
A payment tech provider builds the underlying technology that enables banks, enterprises, and platforms to design, scale, and manage complex payment journeys beyond standard gateway capabilities.
How this works
The provider offers APIs, orchestration layers, dashboards, compliance tools, and reporting systems that sit between merchants, banks, and payment networks.
Benefits
• Customisable payment flows
• Enterprise-grade scalability
• Better control over routing and reconciliation
FAQs
How is a payment tech provider different from a payment gateway?
A payment gateway focuses on transaction acceptance, while a payment tech provider offers orchestration, reconciliation, compliance, and infrastructure capabilities.
Who typically uses payment tech providers?
Banks, large enterprises, fintech platforms, and marketplaces use payment tech providers to manage complex payment operations.
Are payment tech providers regulated?
Yes. They must comply with RBI, NPCI, and data security regulations depending on their operating model.