Frost Radar™: Embedded Payments, 2024

Frost Radar™: Embedded Payments, 2024

A Benchmarking System to Spark Companies to Action - Innovation That Fuels New Deal Flow and Growth Pipelines

Frost & Sullivan defines embedded payments as the seamless integration of payment processing capabilities into non-financial service platforms. The embedded payments industry comprises applications and software that enable businesses to offer payment acceptance in their digital stores.

There has been a noticeable increase in the number of businesses migrating resources and infrastructure to cloud environments and SaaS platforms. Businesses can streamline product development, reduce integration complexities, and accelerate time to market by using a cloud platform, adopting low-code/no-code software development approaches, and utilizing API-based integration. This operational foundation is essential for implementing embedded payment solutions, enabling businesses to remain relevant in light of emerging trends and customer dynamics.

Frost & Sullivan independently positioned the top 12 embedded payment companies in this Frost Radar™. Their solutions include payment gateway, risk management, processing, issuance, acquisition, settlement, SaaS, messaging hubs, and POS devices to facilitate cashless payment in-store.

Frost & Sullivan analyzes numerous companies in an industry. Those selected for further analysis based on their leadership or other distinctions are benchmarked across 10 Growth and Innovation criteria to generate their position on the Frost Radar™. The publication presents competitive profiles of each company on the Frost Radar™, considering their strengths and the opportunities that best fit those strengths.