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Payment Orchestration Platform Market Trends

Report ID: GMI6427
Published Date: May 2024
Report Format: PDF

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Payment Orchestration Platform Market Trends

The increasing trend of API integration and enhanced security measures propels the payment orchestration platform industry forward. Seamless API integration allows platforms to connect with diverse payment methods, gateways, and services, enhancing flexibility and convenience for businesses. Moreover, robust security measures such as tokenization and encryption instill trust in transactions, ensuring the integrity and confidentiality of sensitive payment data, thus fueling adoption and market expansion.

For instance, in April 2024, Emagia unveiled GiaPay, an AI-powered B2B payments orchestration platform aimed at global enterprises. It can be used independently or integrated with Emagia's AR modules for streamlined financial operations.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of payment orchestration platform reached USD 1.2 billion in 2023 and is set to witness 19% CAGR from 2024 to 2032, led by innovations in payment technologies coupled with the growing demand for streamlined payment solutions.

B2C payment orchestration platform industry registered held 60% revenue share in 2023, attributed to the increasing complexity and volume of transactions between businesses.

North America market recorded over 34% share in 2023, attributed to the presence of robust technological infrastructure and early adoption of advanced payment solutions.

Some of the top companies engaged in the industry are Akurateco, Spreedly, IXOLIT Group, Razorpay, Modo Payments, Aye4fin GmbH, BNT Soft, Payoneer Inc., CellPoint Digital, Stripe, APEXX Fintech Limited, and Rebilly, among others.