Payments stack
Card Networks & RailsOperate the underlying networks that route and settle payment transactions between banks.
V$692.19B
Visa Inc.
14.0x25.0%
Global card network and settlement rails
MA$502.05B
Mastercard Incorporated
12.9x22.0%
Global card network and settlement rails
AXP$234.71B
American Express Company
3.0x4.1%
Closed-loop card network and issuer
DFS$50.34B
Discover Financial Services
2.5x-7.6%
Card network and issuer
The Clearing Houseprivate
ACH and RTP real-time payment rails · private
COIN$40.01B
Coinbase Global, Inc.
6.0x-12.2%
Crypto and stablecoin settlement rails
Issuing & Issuer ProcessingIssue cards/accounts and process transactions on behalf of banks and fintechs.
FI$34.31B
Fiserv, Inc.
3.0x-1.9%
Issuer processing and core banking
FIS$22.29B
Fidelity National Information Services, Inc.
1.9x32.7%
Issuer processing and banking tech
MQ$1.71B
Marqeta, Inc.
0.9x24.8%
Modern card issuing platform
SOFI$23.78B
SoFi Technologies, Inc.
3.6x15.3%
Card issuing and BaaS APIs
NU$69.89B
Nu Holdings Ltd.
1.7x58.5%
Digital bank and card issuer
Stripeprivate
Issuing and banking-as-a-service APIs · private
Acquiring & Merchant ProcessingAcquire merchant transactions, manage authorization, clearing and settlement.
FI$34.31B
Fiserv, Inc.
3.0x-1.9%
Merchant acquiring (Clover, Carat)
GPN$21.77B
Global Payments Inc.
3.1x66.6%
Merchant acquiring and processing
ADYEY$34.01B
Adyen N.V.
7.5x22.2%
Unified global acquirer-processor
SQ$51.73B
Block, Inc.
1.2x36.3%
Merchant acquiring via Square
Worldpayprivate
Global merchant acquiring · private
Stripeprivate
Merchant acquiring and processing · private
Gateways, PSPs & OrchestrationProvide APIs, gateways and orchestration to route payments to processors and networks.
Stripeprivate
Developer-first payment gateway · private
ADYEY$34.01B
Adyen N.V.
7.5x22.2%
Single-platform payment orchestration
PYPL$49.91B
PayPal Holdings, Inc.
1.5x7.0%
Braintree gateway and PSP
Checkout.comprivate
Enterprise payment gateway · private
SQ$51.73B
Block, Inc.
1.2x36.3%
Embedded payment APIs
PAY$5.66B
Paymentus Holdings, Inc.
3.3x32.7%
Bill-payment gateway and orchestration
Merchant Platforms & CheckoutCommerce, POS and software platforms that embed payments at the point of sale.
SHOP$156.83B
Shopify Inc.
9.0x45.4%
E-commerce platform with embedded payments
TOST$19.53B
Toast, Inc.
2.2x32.9%
Restaurant POS and payments
LSPD$1.42B
Lightspeed Commerce Inc.
0.8x7.6%
Retail/hospitality POS and payments
SQ$51.73B
Block, Inc.
1.2x36.3%
Square POS and seller tools
VTEX$787M
Vtex
2.1x17.9%
Enterprise commerce platform with payments
WIX$3.75B
Wix.com Ltd.
1.4x20.4%
Website builder with integrated checkout
BILL$4.83B
Bill.com Holdings, Inc.
2.4x27.9%
B2B AP/AR payments platform
INTU$87.71B
Intuit Inc.
3.7x26.5%
QuickBooks payments for SMBs
Consumer Wallets & BNPLConsumer-facing apps, wallets and credit products that initiate payments.
PYPL$49.91B
PayPal Holdings, Inc.
1.5x7.0%
Digital wallet and consumer checkout
AFRM$26.52B
Affirm Holdings, Inc.
6.0x67.6%
Buy-now-pay-later consumer credit
SQ$51.73B
Block, Inc.
1.2x36.3%
Cash App consumer wallet
AAPL$4.55T
Apple Inc.
8.9x23.6%
Apple Pay mobile wallet
COIN$40.01B
Coinbase Global, Inc.
6.0x-12.2%
Crypto wallet and payments
SOFI$23.78B
SoFi Technologies, Inc.
3.6x15.3%
Consumer banking and payments app
HOOD$83.79B
Robinhood Markets, Inc.
17.8x32.9%
Consumer wallet and card products