Payment Orchestration Platform Market Analysis And Forecast To 2032: By Type (B2B, B2C, C2C), By Application (BFSI, E-commerce, Healthcare, Travel & Hospitality, Others), By Functionalities (Cross Border Transactions, Risk Management, Advanced Analytics &

Payment Orchestration Platform Market Analysis And Forecast To 2032: By Type (B2B, B2C, C2C), By Application (BFSI, E-commerce, Healthcare, Travel & Hospitality, Others), By Functionalities (Cross Border Transactions, Risk Management, Advanced Analytics & Reporting), And By Region

The global Payment Orchestration Platform Market was valued at USD 1.1 Billion in 2022 and it is anticipated to grow up to USD 10.1 Billion by 2032, at a CAGR of 24.5% during the forecast period.

Payment orchestration platforms provide a way for businesses to automate their payment processing. By using a payment orchestration platform, businesses can streamline their payment processing by automating tasks such as invoicing, payments, and reconciliations. This can save businesses time and money by reducing the need for manual processing of payments. In addition, payment orchestration platforms can provide businesses with visibility into their payment processing, helping to identify issues and optimize performance.
Global Payment Orchestration Platform Market Scope and Report Structure
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Market Trends and Drivers
The growing prevalence of e-commerce platforms is driving the industry during the forecast period as e-commerce vendors are adopting Payment Orchestration Platforms (POPs) to ensure consumer security and payment integrity. Moreover, the increasing penetration of smartphones and the internet contributes significantly to the market’s development. The growing utilization of smartphones for online transactions through digital payment platforms is expected to propel industry growth. Payment orchestration platforms are assisting vendors in fast-tracking Buy Now Pay Later (BNPL) payments. As a result, the increasing popularity of the BNPL platform among vendors worldwide is one of the key factors fueling the market expansion. POPs help consumers by offering convenience and flexibility to pay for merchant services. Merchants are equally keen about the adoption of BNPL as this point-of-sale credit helps them with higher customer conversion rates by lifting average ticket sales. Hence, payment orchestration providers allow businesses to deploy the BNPL platform without many technological developments. The smartphones and internet penetration worldwide are anticipated to create further growth opportunities for the industry. Moreover, many businesses across the globe are taking steps to improve their business models.
Market Restraints and Challenges
The key restraints and challenges in payment orchestration platform market include the need for data security, the need for transparency, the need for interoperability, and the need for scalability. Data security is a major concern for businesses and individuals alike, and it is essential that payment orchestration platforms provide data security in order to maintain customer trust. Transparency is also essential in order to ensure that businesses and individuals can trust the platform and that they know where their money is going. Interoperability is another key concern, as businesses need to be able to use the platform with other systems in order to streamline their operations. Finally, scalability is essential in order to ensure that the platform can grow with the needs of the business.
Global Payment Orchestration Platform Market Segmental Overview
The report analyses the global Payment Orchestration Platform Market based on type, application, functionalities, and region.

Global Payment Orchestration Platform Market by Type

By type, the market is segmented into B2B, B2C, and C2C. The B2B type segment dominated the industry in 2022 and accounted for the largest revenue share. The expansion of global trade has accelerated the need for B2B payments among businesses and is expected to create growth opportunities for POPs. Moreover, businesses are looking forward to dealing with different nations to expand their operations, thereby boosting international business transactions. In addition, the increasing use of technology in B2B payments and growing developments in small- & medium-sized organizations are also boosting segment growth. The B2C segment is expected to register the fastest growth rate during the forecast period. The rising adoption of digital payments, such as digital wallets, mobile banking, and cashless trends are anticipated to boost the segment growth significantly. Furthermore, the growth of the e-commerce industry is intertwined with the penetration of digital payment platforms. In line with this, customers are inclined toward online shopping as it saves them from the hassle of going to physical stores.

Global Payment Orchestration Platform Market by Application

By application, the Payment Orchestration Platform Market is classified into BFSI, E-commerce, Healthcare, Travel & Hospitality, and Others. The BFSI segment dominated the market in 2022 and accounted for a share of more than 28% of the global revenue. Instant, online, and easier payments are considered the way of future banking. These trends have evolved based on the developments of newer business models and POP features, such as greater connectivity, responsiveness, reliability, and security for financial services. Furthermore, as per EQUINIX, a global digital infrastructure company, payment orchestration platform is modernizing traditional core banking solutions, and around 85% of the IT budgets at banks are aimed at maintaining the integrity of their payment system.

Global Payment Orchestration Platform Market by Functionalities

On the basis of functionalities, the industry has been further categorized into cross-border transactions, risk management, and advanced analytics & reporting. The cross-border transactions functionalities segment dominated the industry in 2022. The high growth of this segment can be attributed to the high financial inclusion and the growth of digital remittances across the globe. Many developing nations rely mainly on remittances as a foreign income source, thereby allowing them to build their assets. Moreover, as per the World Bank data, in 2020, the total global remittances amounted to USD 702 billion, despite the negative effect due to the pandemic, indicating the increase in cross-border transactions. The advanced analytics & reporting segment is expected to register the fastest growth during the forecast period. The growing demand for AI-powered centralized dashboards for business efficiency is expected to boost segment growth. Several businesses across the globe are adopting AI-enabled POPs to process payment transactions. For instance, ESW, a global DTC e-commerce business, selected APEXX Global as the primary processor of their payment transactions carried out in the U.S. and Canada.
Geographical Analysis of Global Payment Orchestration Platform Market
Region-wise, it is studied across North America, Europe, Asia Pacific, and the Rest of the World. North America dominated the global industry in 2021 and accounted for the maximum share of more than 25% of the overall revenue. The dominance of this region can be attributed to the presence of several prominent players across North America along with the rising need to prevent fraudulent activities due to the growing cybercrimes. For instance, in June 2022, Spreedly, a payment orchestration provider, in collaboration with Mastercard, launched its Network Tokenization payment program, enabled by Mastercard’s MDES for vendors across North America. The new offering enables customers and merchants across North America to choose network tokens for maintaining payment integrity. This, in turn, is further creating growth opportunities for the regional market.

The Asia Pacific is expected to register the fastest growth rate during the forecast period. This growth is attributed to the growing e-commerce sector and increased foreign investments in this region. In addition, numerous fintech players are launching POP for e-commerce merchants in the Asia Pacific, which will further boost the regional market growth. For instance, in Jan 2021, Payoneer, Inc. announced its new POP, available for e-commerce vendors across Asia Pacific, to accept international payments through various providers.
Major Players in the Global Payment Orchestration Platform Market
The key players in the Payment Orchestration Platform Market CellPoint Digital, IXOLIT Group, Payoneer Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Modo Payments, Akurateco, BNT Soft, and aye4fin GmbH. among others.
COVID-19 Impact
The COVID-19 pandemic has boosted the trend of financial transactions becoming more digital. The popularity of payment orchestration platforms is increasing as organizations across the globe adopt them to offer their customers a seamless payment experience with multiple payment options and maintain their payment integrity. For managing things effectively at a large scale, several businesses globally are going with payment orchestration services to ensure payment security and safety. Therefore, the industry is anticipated to witness continuous growth post-pandemic.
Recent Developments

In June 2022, Trustly, a key player in open banking payments, announced its partnership with Gr4vy, Inc., a prominent payment orchestration platform provider. This partnership allows Gr4vy’s merchants to add Trustly as a payment option, thereby bringing more flexibility to their customers.
In June 2022, a payment orchestration platform, IXOPAY, partnered with Concardis/Nets, a Payment Service Provider (PSP) that provides a complete service for digital payments. Through this cooperation, merchants are expected to have access to Concardis/Nets solutions support and access to IXOPAYs more complicated installations.
In June 2022, INETCO BullzAI was chosen by RedAbierta, a prominent fintech company, to protect the integrity of its payment channels.
In May 2022, CellPoint Digital partnered with Continuum Commerce, a multi-currency and FX services provider. Under this partnership, CellPoint would continue to offer its payment orchestration platform to Continuum in order to address the challenges encountered particularly by the airline sector.
In April 2022, CellPoint Digital entered into a partnership with MTC Game, an eCommerce platform for video gamers. With this partnership, CellPoint aimed to aid MTC in accelerating its expansion.
In March 2022, IXOPAY partnered with Hawk AI, an anti-money laundering surveillance technology provider. This partnership aimed to bolster IXOPAY’s portfolio by offering access to state-of-the-art fraud prevention to white-label clients that leverage conventional guidelines along with artificial intelligence to identify suspicious behavior.
In February 2022, Spreedly extended its partnership with Stripe, a range of APIs driving online payment processing and commerce solutions. Through this partnership, Spreedly aimed to provide more local payment methods to customers by leveraging alternative payment methods of Stripe and Radar, Stripe’s anti-fraud tool.
In January 2022, IXOPAY entered into a partnership with GoCardless, a fintech leading in direct bank payment solutions. This partnership aimed to streamline the merchants to gather recurring and one-off payments across more than 30 countries.



Frequently Asked Questions
Q1. How big is the biliary stents market?

Ans. The global Payment Orchestration Platform Market was valued at USD 1.1 Billion in 2022 and it is anticipated to grow up to USD 10.1 Billion by 2032, at a CAGR of 24.5% during the forecast period.

Q2. What is the Payment Orchestration Platform Market growth rate?

Ans. The growth rate of the Payment Orchestration Platform Market is 24.5%

Q3. Which region holds a major market share for the market?

Ans. North America holds a major market share of the Payment Orchestration Platform Market in 2022.

Q4. Which segment accounted for the largest Payment Orchestration Platform Market share?

Ans. By functionalities, the Cross Border Transactions segment accounted for the largest Payment Orchestration Platform Market share.

Q5. Who are the key players in the kidney stones management market?

Ans. The global Payment Orchestration Platform Market report includes players such as   CellPoint Digital, IXOLIT Group, Payoneer Inc., APEXX Fintech Ltd., Rebilly, Spreedly, Modo Payments, Akurateco, BNT Soft, and aye4fin GmbH., among others.

Q6. What are the factors driving the Payment Orchestration Platform Market growth?

Ans. The major factors driving the growth of the market are the increasing penetration of smartphones and the internet contributes significantly to the market’s development.

Q7. What are the key growth strategies of Payment Orchestration Platform Market players?

Ans. The key growth strategies of Payment Orchestration Platform Market players are product launch and product approval.

Q8. Which region will provide more business opportunities for the Payment Orchestration Platform Market during the forecast period?

Ans. The Asia-Pacific region will provide more business opportunities for the Payment Orchestration Platform Market during the forecast period.

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