Industry landscapes
Industry report

Funding and advertised pay are reported in USD; filed accounts retain their stated source currency and basis.

Exchange-rate basis

Indicative conversions use ECB reference rates dated 2026-09-14, applied consistently across all periods. They are not historical exchange rates. Indian rupees may use crore (1 crore = 10 million); other currencies use K, M and B. CSV downloads, source documents and quoted news headlines retain their original currencies.

THE BRAZIL EDITION 2026

Brazil’s
payments infrastructure industry,
in focus.

The companies, capital and talent shaping payments infrastructure in Brazil. Find the leaders. Understand the segments. See where the activity is.

Snapshot: Funding in USD
Illustrated cover for Payments Infrastructure Industry Landscape of Brazil
BR
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Payments Infrastructure illustration
MEET THE COMPANIES

Explore Brazil’s payments infrastructure leaders

24 featured companies from the funding, hiring, revenue and team-size leaderboards.

Expand panel +
Payments Infrastructure company highlights in Brazil, snapshot 4 September 2026
Company
Cielocielo.com.br$2.28B13,347
Cloud Walkcloudwalk.io$480.78M500
EBANX$460M
ASAASasaas.com$185.02M482
isaacisaac.com.br$125M816
CERCcerc.com$120.8M
NG.CASHng.cash$50.03M71
Qiveqive.com.br$48M
Oxpayoxpay.com.br3 roles
Zigzig.fun3 roles200
Cardwaycardway.com.br2 roles
Coloca Paymentscolocapayments.com2 roles
Webropaywebropay.com.br2 roles18
vhsysvhsys.com.br2 roles272
Controllecontrolle.com1 roles20
Suppliersupplier.com.br1 roles
ACQIOacqio.com.br387
Bartebarte.com41
Capimcapim.com.br
InfintePayinfinitepay.io
Marvinmarvin.com.br
Meepmeep.com.br162
Neofinneofin.com.br
Nexxeranexxera.com164
24 featured companies

Locked revenue figures are available in Radar; the eight company financial previews stay the same throughout this page. A dash means the figure is outside these featured lists. Revenue years vary by company; the figures are not a like-for-like revenue comparison. Compare annual accounts ↗

Company discovery

Recorded evidence only

Explore the live startup set in Radar

No company example met every recorded classification, independence and public-profile gate in this snapshot. The live directory may have newer qualifying companies.

Explore classified startups in Radar ↗
THE KEY SIGNALS

Payments Infrastructure industry KPIs in Brazil

A few useful ratios bring the size of this ecosystem into perspective.

4 September 2026
Hiring participation5.3%

17 of 319 tracked companies have open roles.

Funding participation16.9%

54 of 319 tracked companies have a recorded round.

Top 3 funding share78.8%

Share of disclosed capital received by the three largest recorded recipients.

Median disclosed round$5.7M

Midpoint of 76 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 78.8% of disclosed capital, while 83.1% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How Brazil payments infrastructure has grown

Recorded company formation and disclosed funding across the complete annual series shown.

Expand panel +
2016 — 2025

Disclosed funding by year

Sum of recorded funding rounds · USD

Brazil payments infrastructure
$0$321.03M$642.06M$963.08M$1.28B2016: $330K20162017: $4.36M20172018: $39.64M20182019: $790.71M20192020: $47.27M20202021: $1.13B20212022: $151.6M20222023: $95.34M20232024: $252.09M20242025: $55.58M2025
View the numbers
Annual payments infrastructure funding and company formation in Brazil
YearFunding (USD)FoundedRaising
2016$330K181
2017$4.36M202
2018$39.64M243
2019$790.71M254
2020$47.27M436
2021$1.13B3212
2022$151.6M176
2023$95.34M1412
2024$252.09M712
2025$55.58M27
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Cielo55.8%
  • Cloud Walk11.7%
  • EBANX11.2%
  • Other companies21.2%

Funding by stage

85 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel41 48.2%
Series A–B36 42.4%
Series C+ / PE5 5.9%
Grants, debt & other3 3.5%

Recent recorded rounds

Latest recorded rounds · USD
1 rounds

Swipe or scroll horizontally to browse.

Seed05/2026
Beepay $405.71K

Backed by Sicredi and Acate and others.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series C06/2021
EBANX$430M

Backed by Advent International.

Series C10/2024
ASAASasaas.com$149.93M

Backed by 23S Capital and Bond Capital and others.

Series B01/2018
EBANX$30M

Backed by FTV Capital and Endeavor.

Series B07/2025
NG.CASHng.cash$27M

Backed by New Enterprise Associates and QuantumLight and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Expand panel +

Annual accounts availability

No reviewed exact national-ID connector has yet been qualified for Brazil; this is a checked implementation boundary, not evidence that filings are absent.; No reviewed exact national-ID connector has yet been qualified for Brazil; this is a checked implementation boundary, not evidence that filings are absent.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

How the Brazil companies on this page show up online: the sites people visit, the apps they install, and how often those apps ship.

Busiest websites

8 of the 319 companies on this page carry a measured traffic record (2.5%); these are the largest of those, by monthly visits. The median among them is 678,384 visits.

CompanyMonthly visitsAuthorityMobile
InfintePayinfinitepay.io9,528,6084789.4%
Cielocielo.com.br1,559,8045358.6%
Tonton.com.br1,443,0734391.2%
Bemobibemobi.com930,9973591.9%
PagBrasilpagbrasil.com425,7723881.8%
Flexpagflexpag.com294,4552675.6%
Blipayblipay.com.br209,1133188.6%
Datacaixadatacaixa.com.br121,7242687.5%

Visits and authority are third-party web estimates, not company-reported figures.

Most-installed apps

102 of these companies (32%) publish at least one Android app — 287 apps in all, carrying 150.8M installs between them.

Installs are lifetime totals to date at the June 2026 store reading — a measure of reach, not of people using an app today.

App reach by segment

The busiest app inside each of this page’s own segments, with the quarterly release trend behind it (2023Q4–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Payments138145.9MInfinitePay Tap, Conta, Cartão 27.8M
Finance & Accounting Tech15142.8MDigio: Cartão de crédito 23.6M
E-Commerce Enablers324.4MTon: maquininha, tap e conta 18.8M
Alternative Lending34.7MKoin: Crédito e Pix parcelado 4.6M
Food Tech13570.8KVMmarket 557.4K
Digital Remittance363.5KCloudbreak 35.7K
In Store Retail Tech334.5KSaúde Service 24.1K
Property Management Tech217.3KLocador Aluguel Hoje 15.7K

A company can carry several segment tags, so these rows overlap and should not be added together. Trend lines are zero-based and share one quarter grid, so a flat line is a quiet segment, not a missing one.

Release cadence by quarter

New apps published, beside apps whose most recent update landed in that quarter — the second bar is how much of the shelf is still being maintained.

2023Q1: 12023Q1: 02023Q12023Q2: 22023Q2: 112023Q22023Q3: 12023Q3: 12023Q32023Q4: 22023Q4: 42023Q42024Q2: 22024Q2: 32024Q22024Q3: 12024Q3: 12024Q32024Q4: 22024Q4: 82024Q42025Q1: 22025Q1: 142025Q12025Q2: 52025Q2: 102025Q22025Q3: 12025Q3: 202025Q32025Q4: 12025Q4: 152025Q42026Q1: 12026Q1: 312026Q1

Darker bars are new releases, lighter bars apps updated. 107 of 287 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The Brazil payments infrastructure market map

Explore the segments behind the headline numbers.

Expand panel +

Where companies are building

Rank segments by scale, hiring or disclosed funding.

Fintech316
Enterprise tech291
Commerce enablers182
Enterprise software160
Cfo stack80
Saas65
Consumer digital62
Blockchain in financial services11
Retail pos solutions9
Internet first lenders8
Nbfc lenders8
Internet first healthcare financing platforms6

Companies can sit in several segments. Counts and funding overlap.

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

316companies
5.4%have hiring activity

17 companies hiring · $4.09B disclosed funding

Explore in Radar

How companies make money

Common revenue models; a company can use more than one.

Subscription272
Commission on transaction180
E-commerce - service94
Fee-for-service33
Lending14
E-commerce - product9
Advertising5
Physical commerce2
THE COMPANIES IN MOTION

Who is listing, hiring leaders, launching and winning work

Recorded corporate activity linked to companies in this landscape.

Expand panel +
Recent corporate headlines 10 dated reports
Funding roundsisaac.com.br ↗

ISAAC has announced the closure of an investment round of 14 million euros, a strategic milestone in the company's industrial and international growth trajectory.

Mergers & acquisitionsasaas.com ↗

Asaas, an operational platform for financial management for companies, announces the acquisition of Mutual Insurance.

Funding roundsbeepayapp.com.br ↗

The Catarinian Association of Technology (ACATE) announced its participation in two new investment rounds through the ACATE Invest program.

Mergers & acquisitionszig.fun ↗

SEGG Media announced its intention to buy ZIG as part of a $300 million cash flow strategy.

Funding roundscloudwalk.io ↗

Cloudwalk led the list of major rounds, with two FIDCs, of $549 million and $444 million, captured with Itaú, BB, BTG and Safra.

Funding roundscub.com.br ↗

CUB, a fintech company that develops solutions for the management of receptibles in the real estate market, announced the capture of $5.5 million in Series A, led by Alexia Ventures and Upload Ventures. The new contribution will be used to accelerate the growth of the company, which intends to multiply by 10 its customer base by 2026. Created in 2022 by Leonardo Gasparin (CEO), Fábio Coutinho (CPO), Thais Matoszko (COO) and Lucas Zago (CTO), the startup integrates recovery automation, bank reconciliation, business intelligence and access to credit on a single platform.

Mergers & acquisitionsshipay.com.br ↗

The owner of the Brazilian stock exchange is acquiring 62% of fintech for R$ 37 million.

Funding roundsng.cash ↗

Brazilian digital banking platform NG.Cash also secured $26.5 million in Series B funding, backed by New Enterprise Associates (NEA), Quantum Light, and long-time investor Monashees.

Mergers & acquisitionsjusta.com.vc ↗

BTG Pactual announced the acquisition of Justa, a fintech specialized in acquisition solutions, for an undisclosed value.

Mergers & acquisitionsgrafeno.digital ↗

Pinheiro Neto Advogados advised Vórtx on the acquisition of all issued quotas of Grafeno, representing 100% of its total share capital.

Full recorded event mix

Top 10 categories among 88 recorded events in the 24-month window.

Funding rounds
29
Mergers & acquisitions
13
Company announcements
12
Earnings
9
Leadership moves
7
Capital infusions
5
Regulatory
4
Lawsuit
3
Contracts
2
Fundraising
1
6 activity cards

Swipe or scroll horizontally to browse.

IPO pipeline

1 companies with recorded IPO activity

ASAAS ↗

IPO · Brazilian stock exchange1 reports

Leadership moves

3 tracked people moves

NG.CASH ↗
Brian Zaki

Appointment Chief Human Resources Officer

Appmax ↗
Evelyn Torezone

Appointment Chief Technology Officer

ASAAS ↗
Naamisi Campos

Appointment Chief Human Resources Officer

Contract wins

1 recorded customer wins

Marvin ↗

Customer: suzanopulp and paper

Workforce actions

1 companies with reported reductions

Kyte ↗

Scale not stated rolescost reduction

Regulatory events

4 recorded events

NG.CASH ↗

approved for operationCentral Bank

Cloud Walk ↗

granted credit institution licenseCentral Bank of Brazil

Cloud Walk ↗

Approved to operate as a credit institutionCentral Bank of Brazil

Tino ↗

authorization to operate as a Direct Credit CompanyCentral Bank (BC)

Litigation

3 tracked suits

Company
N, A v Five employees of Volkswagen, supplier

aid to commercial fraudCriminal ·

Company
supplier v kronstadt

bankruptcy application over failure to comply with court decisionCivil · Filed

Mergers and acquisitions

Company-linked deal reports; status is preserved as recorded.

Acquirer → targetStatusDateValue / context
ASAASmutual insuranceAnnounced2026-02-03Not stated in snapshot
SEGG MediaZig ↗Announced2025-10-31$300.0M
isaacarcAnnounced2025-08-27Not stated in snapshot
b3Shipay ↗Announced2025-08-27Not stated in snapshot
btg pactualJUSTA ↗Announced2025-06-11Not stated in snapshot
vórtxGrafeno ↗Announced2025-05-29Not stated in snapshot

A discussion or rumour is not a completed transaction. An unstated value is not zero.

PEOPLE & OPPORTUNITY

The talent market

3 postings in the preceding 12 months. The full 8-posting snapshot covers 7 employers.

Expand panel +

Most advertised job titles

Infrastructure Architect1
Senior Infrastructure Engineer1
Senior Cloud & Infrastructure Architect (Gcp) (Architecture Team)1
0 internship postings

1 tracked postings mention remote work.

The seniority mix

3 postings specify a level.

unspecified
5
senior
2
lead
1

Skills employers mention

Top skills across 8 tracked postings in the available jobs snapshot.

Networks
5
Infrastructure
4
Gcp
2
Azure
2
Aws
2
Devops
2
Applications
2
Virtual Servers
1
Gerenciamento De Clientes
1
Processamento
1
THE PEOPLE BUILDING THE FIELD

Founders and leaders

205 founders and chief executives across 142 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

26 profiles with education records.

Harvard Business School
4
Stanford University
4
INSEAD
4
Kellogg School of Management
2
IE Business School
2
Columbia University
2
Columbia Business School
2
University of Pennsylvania
2

Prior employers

9 profiles with prior-work records.

McKinsey
2
Microsoft
2
Boston Consulting Group
2
Google
1
Apple
1
Bain
1
Goldman Sachs
1
Morgan Stanley
1

Profiles cover recorded founders and leaders; contact details remain in Radar.

NEWS INTELLIGENCE

How this industry appears in the news

472,674 articles in the measured 12-month window.

Expand panel +
472,674articles in the measured year
49,470articles in 2026Q1
25.7%positive tone in the latest complete year

News volume trends

Payments Infrastructure coverage across Brazil · articles per complete quarter

088,378176,757265,135353,5132021Q2: 45,2162021Q22021Q3: 49,7832021Q4: 38,2282022Q1: 40,0272022Q2: 40,8162022Q22022Q3: 43,6042022Q4: 69,4322023Q1: 60,8992023Q2: 89,4522023Q22023Q3: 71,2552023Q4: 51,1282024Q1: 58,5382024Q2: 70,0202024Q22024Q3: 77,2052024Q4: 80,6312025Q1: 98,1962025Q2: 75,5852025Q22025Q3: 307,4032025Q4: 47,2832026Q1: 49,4702026Q1
View quarterly article counts
QuarterArticles
2021Q245,216
2021Q349,783
2021Q438,228
2022Q140,027
2022Q240,816
2022Q343,604
2022Q469,432
2023Q160,899
2023Q289,452
2023Q371,255
2023Q451,128
2024Q158,538
2024Q270,020
2024Q377,205
2024Q480,631
2025Q198,196
2025Q275,585
2025Q3307,403
2025Q447,283
2026Q149,470

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
62,947 positive · 33,389 neutral · 45,488 negative
2022
92,650 positive · 52,261 neutral · 48,697 negative
2023
138,102 positive · 69,531 neutral · 64,690 negative
2024
123,075 positive · 101,333 neutral · 61,540 negative
2025
135,545 positive · 156,778 neutral · 235,567 negative

Leading coverage topics

Payments Infrastructure coverage across Brazil · ranked by full-period article count.

International And Transnational Geographic Entities299,970 articles in the full recorded period
108,080 recent · 81,378 prior
Geopolitical Disputes And Contested Areas299,969 articles in the full recorded period
108,080 recent · 81,375 prior
Administrative And Political Subdivisions299,936 articles in the full recorded period
108,066 recent · 81,368 prior
International Sports Competitions26,817 articles in the full recorded period
4,236 recent · 6,441 prior
Professional League Updates14,091 articles in the full recorded period
3,210 recent · 2,892 prior
International Political Relations13,094 articles in the full recorded period
2,855 recent · 3,517 prior
Trade Policies And Agreements11,586 articles in the full recorded period
5,508 recent · 3,524 prior
Olympic Games Coverage10,686 articles in the full recorded period
1,217 recent · 3,628 prior
Athlete Transfer Rumors10,358 articles in the full recorded period
2,501 recent · 2,168 prior
Cryptocurrency Impact On Forex Markets10,238 articles in the full recorded period
2,935 recent · 2,316 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Payments Infrastructure coverage across Brazil

KeywordRecentPriorChange
countries4,1911,859125%
tariff negotiations3,2392,04758%
trade dispute mechanisms1,37476779%
free trade deals1,34391147%
climate mobilization1,07675842%
angel investors1,057327223%
bilateral trade1,05263865%
preferential tariff1,00754585%
tariff rate quota849416104%
mfn tariff66636085%
olympic team selections1941,303-85%
geopolitical alliances7181,087-34%
ronaldo536964-44%
olympic trials153877-83%
summer olympics athletics63832-92%

Event and signal lenses

Payments Infrastructure coverage across Brazil

All complete annual cohorts shown
Rising

Regulatory Risk

601,884 classified articles

territories, disputed islands, countries

15.3% critical · 11.1% positive
Rising

Funding Momentum

40,672 classified articles

angel investors, early-stage investment, asset acquisition

33.4% critical · 41.4% positive
Rising

Growth

121,478 classified articles

gdp growth rate, economic growth statistics, economic output growth

26.5% critical · 45.1% positive

Payments Infrastructure coverage across Brazil. Topic labels describe recorded classifications and can include broad context.

RESEARCH SIGNALS

What Payments Infrastructure research is working on

24,130 papers in the recorded worldwide scope.

Expand panel +
24,130papers
24,130worldwide comparison pool
India-affiliated papers

Research orientation

Descriptive
7,441
Promising
6,662
Problem-identifying
5,340
Breakthrough
1,922
Cautionary
1,570
Comparative
873
Critical
322

Contribution mix

Empirical
14,345
Methods-led
4,931
Reviews
2,126
Position pieces
2,064
Theoretical
664

Tone counts: 20,970 positive · 1,336 neutral · 1,824 negative.

Common problems researchers identify
5,662 papers · 23.5% of this field
  • Payment3,621 papers
  • Mobile payment1,829 papers
  • Payment system841 papers
  • Financial inclusion529 papers
  • Payment service provider488 papers
  • Mobile device438 papers
  • Financial services430 papers
  • Mobile banking389 papers

Landmark: Beyond Mobile Payments: Exploring the Evolution and Future of Fintech (BY IJISRT)

Cautions
1,570 papers · 6.5% of this field
  • Payment1,050 papers
  • Mobile payment482 papers
  • Financial inclusion287 papers
  • Payment system197 papers
  • Financial services195 papers
  • Database transaction133 papers
  • Mobile banking115 papers
  • Digital currency95 papers

Landmark: Risk Sharing and Transactions Costs: Evidence from Kenya's Mobile Money Revolution

Opportunities
8,584 papers · 35.6% of this field
  • Payment5,460 papers
  • Mobile payment2,950 papers
  • Payment system1,156 papers
  • Database transaction1,015 papers
  • Financial inclusion873 papers
  • Computer security696 papers
  • Financial services662 papers
  • Mobile banking547 papers

Landmark: The long-run poverty and gender impacts of mobile money

Leading institutions

Georgetown University
3,453
Massachusetts Institute of Technology
2,881
National Bureau of Economic Research
2,378
Swansea University
2,164
Universidad de Granada
1,970
Innovations for Poverty Action
1,312

Leading researchers

Tavneet Suri
3,688
William Jack
3,465
Francisco Liébana‐Cabanillas
1,906
Yogesh K. Dwivedi
1,733
Mushtaq Ahmad Shah
1,634
Khomane Harish
1,632
Shradha
1,632
Kutlu Hansda
1,632

Highly cited breakthrough-labelled papers

  • Behavioural intention to adopt mobile wallet: a developing country perspective321 citations
  • An integrated framework for the adoption and continuance intention to use mobile payment apps289 citations
  • Bitcoin meets strong consistency224 citations
  • Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System223 citations
  • Mobile payments adoption – introducing mindfulness to better understand consumer behavior213 citations

Common problems researchers identify

5,077 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Core Payment System ChallengesCommon problems researchers identify · 01

Core Payment System Challenges

1,178 papers

23.2% of this theme group

Researchers examine fundamental issues in payment processing, settlement, and service provider operations.

Payment system (621) · Payment (1,132) · Payment service provider (245) · Settlement (113)

New payment systems

Payment system technologies and functions : innovations and developments

View research history
YearShare index
202253.1
202352.6
202446.4
202578.4
Mobile Payment Security ConcernsCommon problems researchers identify · 02

Mobile Payment Security Concerns

949 papers

18.7% of this theme group

Studies highlight privacy, authentication, and trust problems affecting mobile payment adoption.

Mobile payment (899) · Payment (794) · Computer security (114) · Internet privacy (81)

User Acceptance Testing of Mobile Payment in Various Scenarios

Exploring Determinants Influencing the Intention to Use Mobile Payment Service

View research history
YearShare index
20221082.6
20231033.1
2024693.1
2025299.1
Cryptocurrency and Digital Currency RisksCommon problems researchers identify · 03

Cryptocurrency and Digital Currency Risks

816 papers

16.1% of this theme group

Works discuss technical and regulatory vulnerabilities in blockchain‑based payment schemes.

Cryptocurrency (161) · Payment (716) · Digital currency (151) · Currency (136)

Digital Payments: Blockchain based Security Concerns and Future

Demystifying Electronic Payment Systems and Digital Currencies

View research history
YearShare index
2022429.6
2023435.5
2024348.9
2025379.2
Mobile Computing BarriersCommon problems researchers identify · 04

Mobile Computing Barriers

700 papers

13.8% of this theme group

Papers identify technical and usability obstacles in deploying mobile devices for payment services.

Mobile technology (236) · Mobile device (274) · Mobile computing (199) · Mobile business development (183)

Mobile Learning

Mobile application challenges

View research history
YearShare index
2022262.9
2023237.0
2024221.5
2025260.1
Mobile Banking Legal HurdlesCommon problems researchers identify · 05

Mobile Banking Legal Hurdles

600 papers

11.8% of this theme group

Research points to regulatory and practical challenges limiting mobile banking and SMS payment growth.

Mobile banking (283) · Mobile payment (438) · SMS banking (57) · Financial services (113)

THE POTENTIAL INNOVATIVE STRATEGIES OF USING MOBILE MONEY SYSTEMS FOR ENHANCING FINANCIAL INCLUSION IN TANZANIA

Assessment of Legal and Practical Challenges Affecting Mobile Banking: Case Study of Tanzania

View research history
YearShare index
202299.7
2023112.1
202487.0
2025130.1
Financial Inclusion ObstaclesCommon problems researchers identify · 06

Financial Inclusion Obstacles

425 papers

8.4% of this theme group

Analyses reveal gaps in access, infrastructure, and fintech integration for underserved populations.

Financial inclusion (337) · Financial services (212) · Inclusion (52) · FinTech (66)

Financial Inclusiveness : The role of mobile money and digital financial services.

The Future Is Mobile: Financial Inclusion and Technological Innovation in the Emerging World

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8
Healthcare Reimbursement IssuesCommon problems researchers identify · 07

Healthcare Reimbursement Issues

409 papers

8.1% of this theme group

Studies critique payment models and incentive structures within medical service financing.

Health care (147) · Reimbursement (71) · Payment (389) · Incentive (78)

Using Physician Payment Reform to Enhance Health System Performance

Challenges and suggestions on reform of provider payment system of medical services

View research history
YearShare index
2022294.9
2023284.7
2024201.5
2025244.0

Cautions

1,356 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

User Trust and Risk in Mobile PaymentsCautions · 01

User Trust and Risk in Mobile Payments

275 papers

20.3% of this theme group

Investigations caution about perceived risk, trust deficits, and satisfaction drivers for mobile payment users.

Mobile payment (175) · Mobile device (37) · Mobile technology (22) · Payment (134)

A mixed methods empirical exploration of UK consumer perceptions of trust, risk and usefulness of mobile payments

An Exploration of the Factors Affecting User's Satisfaction with Mobile Payments

View research history
YearShare index
2022230.9
2023207.2
2024178.2
2025224.6
Systemic Liquidity and Settlement RisksCautions · 02

Systemic Liquidity and Settlement Risks

220 papers

16.2% of this theme group

Research warns of liquidity strains and systemic vulnerabilities in large‑value payment infrastructures.

Market liquidity (52) · Payment (203) · Settlement (46) · Payment system (80)

Systemic risk and liquidity in payment systems

Quantifying the Economic Benefits of Payments Modernization: the Case of the Large-Value Payment System

View research history
YearShare index
202283.9
202382.1
202456.9
202583.2
Consumer Spending Impact of Digital PaymentsCautions · 03

Consumer Spending Impact of Digital Payments

218 papers

16.1% of this theme group

Papers assess how digital payment adoption reshapes purchasing behavior and transaction patterns.

Payment (204) · Database transaction (60) · Cash (40) · Mobile payment (62)

Impact Of Digital Payment Systems On Consumer Spending Habits

“ <b>Impact of Digital Payment Systems on Consumer Spending Behaviour”</b>

View research history
YearShare index
2022358.8
2023328.6
2024226.5
2025303.0
Inclusion Gaps in Mobile Financial ServicesCautions · 04

Inclusion Gaps in Mobile Financial Services

194 papers

14.3% of this theme group

Analyses highlight regulatory and service gaps that hinder mobile money’s role in financial inclusion.

Financial inclusion (176) · Financial services (102) · Inclusion (32) · Mobile payment (106)

Mobile Money for Financial Inclusion

A Systematic Review of Mobile Banking, Fintech Innovations, and Regulatory Gaps to Achieve Financial Inclusion in the Philippines

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8
Mobile Money in Anti‑Poverty ProgramsCautions · 05

Mobile Money in Anti‑Poverty Programs

177 papers

13.1% of this theme group

Studies examine effectiveness and adoption challenges of mobile cash transfers in low‑income contexts.

Mobile payment (98) · Tanzania (13) · Payment (76) · Monetary economics (11)

Payment Mechanisms and Antipoverty Programs: Evidence from a Mobile Money Cash Transfer Experiment in Niger

Factors influencing consumers’ adoption of mobile financial services in Tanzania

View research history
YearShare index
2022236.4
2023239.1
2024145.0
202572.6
Provider Response to New Reimbursement ModelsCautions · 06

Provider Response to New Reimbursement Models

152 papers

11.2% of this theme group

Research explores how hospitals and physicians adjust behavior under prospective payment schemes.

Reimbursement (36) · Health care (41) · Prospective payment system (33) · Payment (148)

Impacts of Diagnosis-Related Groups Payment on the Healthcare Providers’ Behavior in China: A Cross-Sectional Study Among Physicians

Hospital response to a new case-based payment system in China: the patient selection effect

View research history
YearShare index
2022219.2
2023212.4
2024161.8
2025191.0
Central Bank Digital Currency ImplicationsCautions · 07

Central Bank Digital Currency Implications

120 papers

8.8% of this theme group

Works caution about policy, stability, and banking role shifts linked to CBDC and crypto adoption.

Digital currency (76) · Cryptocurrency (53) · Currency (47) · Payment (104)

Central Bank Digital Currencies and payments: A review of domestic and international implications

Cryptocurrencies, Big Techs, central bank digital currencies and the changing role of banks in the payment industry: old wine in new bottles

View research history
YearShare index
2022429.6
2023435.5
2024348.9
2025379.2

Opportunities

7,530 papers · 7 recurring themes
7 cards

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Advancing Payment System DesignOpportunities · 01

Advancing Payment System Design

1,328 papers

22.1% of this theme group

Papers propose novel architectures and information systems to improve payment efficiency and health‑care billing.

Payment (1,268) · Payment system (591) · Health care (67) · Information system (64)

Measuring payment system development

Design and Research of Virtual Payment System in Colleges and Universities

View research history
YearShare index
2022316.1
2023298.5
2024240.2
2025290.6
Mobile Money Expansion in Emerging MarketsOpportunities · 02

Mobile Money Expansion in Emerging Markets

1,014 papers

16.9% of this theme group

Research showcases growth drivers and feature trends for mobile banking platforms in developing economies.

Mobile payment (513) · Mobile business development (112) · Mobile technology (125) · Mobile device (201)

Mobile Money: Cell Phone Banking in Developing Countries

An Analysis of Features and Tendencies in Mobile Banking Apps

View research history
YearShare index
2022231.0
2023207.8
2024178.6
2025225.0
Behavioral Models for Payment AdoptionOpportunities · 03

Behavioral Models for Payment Adoption

861 papers

14.3% of this theme group

Studies develop and test acceptance frameworks to predict user uptake of mobile payment technologies.

Mobile payment (685) · Technology acceptance model (159) · Payment (631) · Structural equation modeling (137)

Enjoyment and social influence: predicting mobile payment adoption

Mobile payment adoption: a multi-theory model, multi-method approach and multi-country study

View research history
YearShare index
2022220.6
2023234.8
2024140.6
2025192.9
Blockchain‑Based Payment SolutionsOpportunities · 04

Blockchain‑Based Payment Solutions

809 papers

13.5% of this theme group

Works explore distributed ledger designs that enhance security and transparency for digital transactions.

Blockchain (158) · Payment (724) · Cryptocurrency (127) · Database transaction (284)

Blockchain Based Architecture and Solution for Secure Digital Payment System

Towards a distributed token based payment system using blockchain technology

View research history
YearShare index
2022289.6
2023277.6
2024184.8
2025245.4
Financial Literacy and Digital Payment UseOpportunities · 05

Financial Literacy and Digital Payment Use

793 papers

13.2% of this theme group

Research links improved financial knowledge to higher adoption rates and business performance in digital payments.

Payment (682) · Database transaction (140) · Financial literacy (58) · Payment system (150)

Pengaruh Financial Knowledge, Perceived Ease of Use Serta Peran E-Commerce Terhadap Minat UMKM dalam Menggunakan Aplikasi Digital Payment

The Influence of Digital Financial Literacy on Digital Payment Adoption and Its Impact on the Financial Performance of MSMEs

View research history
YearShare index
2022173.7
2023174.3
2024111.7
2025204.7
Secure Mobile Payment ArchitecturesOpportunities · 06

Secure Mobile Payment Architectures

663 papers

11.1% of this theme group

Papers present authentication and NFC techniques to strengthen security for mobile electronic payments.

Computer security (347) · Mobile payment (431) · Authentication (120) · Near field communication (82)

A secure mobile electronic payment architecture platform for wireless mobile networks

Secure remote mobile payment architecture and application

View research history
YearShare index
2022854.0
2023823.1
2024531.0
2025226.5
FinTech for Inclusive Financial ServicesOpportunities · 07

FinTech for Inclusive Financial Services

532 papers

8.9% of this theme group

Studies evaluate how fintech innovations expand access to banking and credit for underserved groups.

Financial inclusion (479) · Financial services (297) · Inclusion (85) · FinTech (107)

Mobile banking for financial inclusion in a developing economy

Fintech and Financial Inclusion: Evaluating the Impact of Mobile Banking on SME Growth in Sub-Saharan Africa

View research history
YearShare index
202289.7
2023103.9
202488.3
2025146.8

How this field compares with the research baseline

Orientation shares compared with 25,000 papers in the reference sample.

Research orientationThis fieldReference sample
Descriptive30.8%18.3%
Promising27.6%37.1%
Problem-identifying22.1%9.5%
Breakthrough8.0%25.8%
Cautionary6.5%4.6%
Comparative3.6%3.9%
Critical1.3%0.9%

Concerns receiving less research attention

Counts and shares refer to the stated research pool. A low count describes how much of that research is recorded here, not the absence of a real-world concern.

Concern / example paperPapersShareRaised as a problemWorldwide share
Privacy & surveillanceIncentives for Mobile Crowd Sensing: A Survey2,12310.02%672 (31.7%)10.02%
Labour & data workMobile Money Taxation and Informal Workers: Evidence from Ghana’s E-Levy470.22%23 (48.9%)0.22%
Concentration of compute powerThe Economic Fallout of Exclusion of the Islamic Republic of Iran from the SWIFT International Payment Network410.19%23 (56.1%)0.19%
Safety & misuseWhispers of Wealth: Red-Teaming Google's Agent Payments Protocol via Prompt Injection80.04%4 (50.0%)0.04%
Bias & fairnessThe Impact of Mobile Data Cost on Consumer Price Sensitivity: A Study of a Hotel Booking App70.03%2 (28.6%)0.03%
Energy & datacenter footprintThe nexus between fintech and green finance in advancing sustainable performance across countries30.01%0 (0.0%)0.01%
Hardware, e-waste & supply chainA REVIEW ON MOBILE ELECTRONIC WASTE RECYCLING AMONG MALAYSIAN USERS30.01%1 (33.3%)0.01%
Water use00.0%0 (%)0.0%
Carbon & emissions of compute00.0%0 (%)0.0%

Institution and researcher rankings use citations to their covered work. Research scope: worldwide. This may be broader than the company geography.

GEOGRAPHIC FOOTPRINT

Where companies are based

Company counts, hiring and disclosed funding across the recorded hubs.

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UNDERSTAND THE LANDSCAPE

Payments Infrastructure in Brazil: key questions

Clear definitions for making better comparisons.

What does this landscape measure?

It measures the tracked company ecosystem, recorded funding, hiring and other available evidence. It is not a market-size estimate.

Can segment counts be added together?

No. A company can belong to several segments, so segment counts and funding can overlap.

What does a missing figure mean?

A dash or unavailable panel means the current reviewed source snapshot does not support that figure.

Company ecosystem snapshot: 4 September 2026. Funding is recorded in USD; filed accounts retain their stated currency and reporting basis. Each section identifies its own coverage. The news and research behind these sections is explorable in Prism.

Canonical landscape ↗
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