Payment Service Providers (PSPs)
Intermediaries facilitating electronic transactions between merchants and customers.
What is Payment Service Providers (PSPs)?
PSPs like Stripe or Adyen handle payment processing, fraud detection, and compliance, supporting multiple methods including cards and wallets, with global revenues exceeding $150 billion in 2025. They provide APIs for integration, reducing merchant setup costs by 30-50%.
In FinTech and digital assets, PSPs enable cryptocurrency payments and CBDC integrations, as 75% shift to blockchain solutions amid banking restrictions. They ensure AML/CFT adherence, bridging traditional finance with DeFi.
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