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 THE UNITED STATES EDITION 2026

the United States’s
payments infrastructure industry,
in focus.

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

Snapshot: Funding in USD
Illustrated cover for Payments Infrastructure Industry Landscape of the United States
US
COMPANIES · CAPITAL · TALENT

An industry ecosystem,
measured in context.

Payments Infrastructure illustration
MEET THE COMPANIES

Explore the United States’s payments infrastructure leaders

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

Expand panel +
Payments Infrastructure company highlights in the United States, snapshot 30 August 2026
Company
Stripestripe.com$10.06B13 roles5,904
Tauliataulia.com$6.22B185
SumUpsumup.com$4.03B7
Rampramp.com$3.14B930
Squaresquareup.com$2.71B9,358
SunGardsungard.com$2.09B25,000
Airwallexairwallex.com$1.58B13 roles1,400
Billbill.com$1.48B11 roles1,384$1.46BFYFY2025 filing
Corpaycorpay.com11 rolesFinancial figure available in RadarView in Radar
Global Paymentsglobalpayments.com11 roles27,000$7.71BFYFY2025 filing
TreviPaytrevipay.com11 roles812
Xsollaxsolla.com11 roles1,000
Deluxe corporationdeluxe.com10 roles5,863$2.13BFYFY2025 filing
ACI Worldwideaciworldwide.com4,732$1.76BFYFY2025 filing
Cloverclover.com6
Derisqderisq.com6,632
Flutterwaveflutterwave.com750
Flywireflywire.com171Financial figure available in RadarView in Radar
HighRadiushighradius.com3,500
Incedoincedoinc.com3,264
Invoice Homeinvoicehome.com6
Marqetamarqeta.com771$624.88MFYFY2025 filing
PayPalpaypal.com29,900
Wright Expresswexinc.com6,100$1.85BFYFY2025 filing
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
THE KEY SIGNALS

Payments Infrastructure industry KPIs in the United States

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

30 August 2026
Hiring participation6.7%

234 of 3,473 tracked companies have open roles.

Funding participation22.7%

788 of 3,473 tracked companies have a recorded round.

Top 3 funding share30.1%

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

Median disclosed round$5.5M

Midpoint of 1,222 rounds with a disclosed amount.

Scale is concentrated. Opportunity is broader. The three largest funding recipients hold 30.1% of disclosed capital, while 77.3% of tracked companies have no recorded funding round.

Explore the segments →
CAPITAL & COMPANY FORMATION

How the United States 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

the United States payments infrastructure
$0$4.07B$8.14B$12.22B$16.29B2016: $1.61B20162017: $2.58B20172018: $4.62B20182019: $3.16B20192020: $6.65B20202021: $14.29B20212022: $5.93B20222023: $9.21B20232024: $5.15B20242025: $3.64B2025
View the numbers
Annual payments infrastructure funding and company formation in the United States
YearFunding (USD)FoundedRaising
2016$1.61B16580
2017$2.58B15897
2018$4.62B17194
2019$3.16B18394
2020$6.65B215120
2021$14.29B246141
2022$5.93B183132
2023$9.21B19289
2024$5.15B8079
2025$3.64B3275
WHERE CAPITAL SITS

Funding concentration

Share of all disclosed company funding.

  • Stripe14.9%
  • Taulia9.2%
  • SumUp6.0%
  • Other companies69.9%

Funding by stage

1,486 recorded rounds since 2016

NUMBER OF ROUNDS
Seed & Angel565 38.0%
Series A–B483 32.5%
Series C+ / PE201 13.5%
Grants, debt & other237 15.9%

Recent recorded rounds

Latest recorded rounds · USD
8 rounds

Swipe or scroll horizontally to browse.

Series B05/2026
Vori $22M

Backed by Cherryrock Capital and Greylock Partners and others.

Series B05/2026
Anomaly $17M

Backed by RRE Ventures and Link Ventures and others.

Series A05/2026
Fazeshift $17M

Backed by F-Prime Capital and Gradient Ventures and others.

Seed05/2026
Astrada $3.8M

Backed by Bain Capital Ventures and QED Investors and others.

Series A05/2026
Cauridor $2M

Backed by Proparco and Flourish and others.

Seed05/2026
Alacriti

Backed by Sageview Capital and BMO Capital Partners and others.

Largest and notable recorded rounds

Each card is one recorded round
10 cards

Swipe or scroll horizontally to browse.

Series I03/2023
Stripestripe.com$6.87B

Backed by Thrive Capital and Andreessen Horowitz and others.

Series I04/2024
Stripestripe.com$694.16M

Participating investors were not recorded in this snapshot.

Series G03/2020
Stripestripe.com$631M

Backed by Andreessen Horowitz and General Catalyst and others.

Series E06/2022
SumUpsumup.com$624M

Backed by Bain Capital and BlackRock and others.

Series E07/2025
Rampramp.com$514.09M

Backed by Iconiq Capital and Founders Fund and others.

Series D10/2021
Boltbolt.com$399M

Backed by Untitled Investments and Willoughby Capital and others.

Series E12/2021
Boltbolt.com$355M

Backed by BlackRock and Schonfeld and others.

Series C08/2021
Rampramp.com$350.75M

Backed by Founders Fund and Redpoint Ventures and others.

THE BUSINESS BEHIND THE ACTIVITY

Revenue, profitability & financial strength

Annual accounts for reporting companies linked to this landscape, on like-for-like currency and reporting bases.

Expand panel +
USD · millions · consolidated

Display conversions use the dated reference rates above. Where a verified rate is unavailable, figures retain their source currency. Each reporting cohort keeps its currency and accounting basis separate.

FY2025 · annual statements grouped by reported fiscal year; exact entity periods remain on preview rows · 16 reporting entities from 31 eligible matches.

Revenue in covered accounts$23,950.4m

Sum of reporting-entity revenue; not the United States market sales.

Net profit / loss$2,261.3m

Combined result for the same cohort.

Aggregate net margin+9.4%

Combined net income ÷ combined revenue.

Median company revenue$719.1m

The middle covered reporting entity.

Profitable entities+81.2%

13 of 16 covered entities.

Top-five concentration+73.6%

Share of covered revenue from the five largest entities.

Annual account trend

Reported cohort totals by year; coverage is stated for every period.

Bar height shows revenue. Changes in coverage can affect totals.

Profitability has two perspectives

FY2025 · 16 reporting entities

Open the company accounts

Up to eight fixed company previews show financial amounts. Search and sort the wider company list, then continue in Radar.

16 reporting entities
Continue your financial research in Radar

Explore full company accounts and filings.

View financials in Radar ↗
THE UNITED STATES · INDUSTRY COHORTS

How does payments infrastructure compare?

Each pair uses the same year, currency and reporting basis. Cohort overlap is disclosed.

IndustryCovered / eligibleRevenue totalMedian revenueNet profit / lossAggregate marginProfitable shareOverlap

Available-account cohorts are not estimates of whole industries. Overlapping entities can occur in more than one cohort; do not add cohort totals.

Coverage, calculations & financial sources

Filed annual accounts for exact designated national identifiers. Every aggregate and peer pair uses one fiscal year, source currency and reporting basis; periods, coverage and overlap are explicit; 2026 partials are excluded.

The same up to eight reporting entities remain open across years, filters and sorts. Other company figures are available in Radar.

Source currencies and accounting bases stay separate. Missing accounts are excluded rather than treated as zero. Exact reporting periods appear on company previews. Annual totals can change with coverage and do not measure growth of a fixed company cohort.

DIGITAL FOOTPRINT

Web traffic, app reach and release cadence

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

Busiest websites

94 of the 3,473 companies on this page carry a measured traffic record (2.7%); these are the largest of those, by monthly visits. The median among them is 335,720 visits.

CompanyMonthly visitsAuthorityMobile
PayPalpaypal.com718,036,1259378.1%
Stripestripe.com190,046,7167950.3%
Payoneerpayoneer.com10,226,9936436.7%
Xsollaxsolla.com9,734,3094768.5%
Airwallexairwallex.com9,558,4125470.2%
SumUpsumup.com9,366,5986469.5%
First Datafirstdata.com7,537,3964166.9%
CyberSourcecybersource.com6,323,0324552%
PerPayperpay.com5,995,5524997.5%
CareCreditcarecredit.com4,579,8227279.5%

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

Most-installed apps

368 of these companies (10.6%) publish at least one Android app — 596 apps in all, carrying 629.6M 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 (2024Q1–2026Q2).

SegmentAppsInstallsLeading appRelease trend
Payments465591.9MPayPal - Pay, Send, Save 481.9M
Grc Software9512.2MPayPal Business 30.3M
Digital Remittance5138.7MPayoneer - Business Payments 14.2M
In Store Retail Tech7213.8MSezzle: Buy Now, Pay Later 5.7M
Alternative Lending2912.5MPerpay - Shop and Build Credit 2.4M
Finance & Accounting Tech13710.9MInvoice Maker by Invoice Home 3.6M
E-Commerce Enablers127.2MinstaProtek 664.4K
Property Management Tech112.8MFlex - Rent On Your Schedule 1.5M

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.

2023Q2: 202023Q2: 62023Q22023Q3: 152023Q3: 262023Q32023Q4: 122023Q4: 112023Q42024Q1: 102024Q1: 102024Q12024Q2: 122024Q2: 102024Q22024Q3: 142024Q3: 132024Q32024Q4: 162024Q4: 142024Q42025Q1: 132025Q1: 172025Q12025Q2: 212025Q2: 162025Q22025Q3: 302025Q3: 482025Q32025Q4: 282025Q4: 542025Q42026Q1: 182026Q1: 822026Q1

Darker bars are new releases, lighter bars apps updated. 558 of 596 apps carry a release date. The series ends at 2026Q1, the last quarter that closed before the June 2026 reading.

INSIDE THE INDUSTRY

The the United States 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.

Fintech3,428
Enterprise tech3,037
Enterprise software2,050
Commerce enablers1,821
Saas988
Cfo stack756
Consumer digital655
Internet first healthcare financing platforms135
Blockchain in financial services128
Retail pos solutions109
Healthtech96
Inc 500079

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

SEGMENT TO EXPLORE

Fintech

The largest measured segment in this report snapshot.

3428companies
6.8%have hiring activity

233 companies hiring · $66.12B disclosed funding

Explore in Radar

How companies make money

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

Subscription2,617
Commission on transaction1,838
E-commerce - service1,067
Fee-for-service689
E-commerce - product93
Advertising63
Lending59
Physical commerce34
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
Mergers & acquisitionsequalizercm.com ↗

Global investment firm Carlyle (NASDAQ: CG) today announced it has acquired a majority stake in Knack RCM (“Knack”) and EqualizeRCM (“Equalize”), two leading U.S. healthcare revenue cycle management (“RCM”) providers, to create an AI-native, global, multi-specialty RCM platform.

Mergers & acquisitionsfindanomaly.com ↗

Reliance Retail today announced that it has acquired actor Priyanka Chopra Jonas' haircare brand ‘Anomaly’, including its brand assets, digital properties and trademarks, in a move that significantly expands its beauty portfolio, the company said in a statement on 30 April.

IPO activityflutterwave.com ↗

the strategic commitment forms a core component of Flutterwave’s planned US$250 million Initial Public Offering (IPO) on the Nigerian Exchange Limited (NGX).

Funding roundszenskar.com ↗

Zenskar, the AI-native billing and revenue automation platform powering Zero-Touch Finance for real-world complexity, announced a $15 million Series A led by Susquehanna Venture Capital, Bessemer Venture Partners, Shine Capital and Rho.

Mergers & acquisitionsglobalpayments.com ↗

Deseret Mutual Benefit Administrators increased its stake in Global Payments by 23.4% in the 3rd quarter.

Mergers & acquisitionskubra.com ↗

REPAY’s Board of Directors and management team acknowledge receipt of a letter from Veradace Partners regarding governance requests and our recently announced agreement to acquire KUBRA.

Mergers & acquisitionsmagna.so ↗

Mutares SE & Co. KGaA has signed agreements to acquire two automotive supplier businesses from Magna.

Mergers & acquisitionsaciworldwide.com ↗

Jefferson Bridge Capital LLC acquired a new stake in shares of ACI Worldwide, Inc. (NASDAQ:ACIW – Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 24,595 shares of the technology company’s stock, valued at approximately $1,176,000.

Mergers & acquisitionsgetbeyond.com ↗

Beyond Inc. has agreed to acquire The Container Store for approximately $150 million, in a deal that aims to combine the two brands.

Mergers & acquisitionsmobilemoney.net ↗

Scancom PLC, its Ghanaian subsidiary, has finalised the merger of its mobile money subsidiary, MobileMoney Ltd, with a newly created entity, MobileMoney Fintech Ltd (MMFL).

Full recorded event mix

Top 10 categories among 1,761 recorded events in the 24-month window.

Leadership moves
454
Earnings
312
Mergers & acquisitions
284
Funding rounds
166
New products
144
Company announcements
118
Contracts
77
Lawsuit
66
Regulatory
36
Capital infusions
25
7 activity cards

Swipe or scroll horizontally to browse.

Leadership moves

157 tracked people moves

Lauren Taylor Wolfe

Appointment Board Member

Ellen Alemany

Appointment Board Member

Kurt Adams

Appointment Board Member

PayPal ↗
Enrique Lores

Appointment Chief Executive Officer

PayPal ↗
Antonio Lucio

Appointment Chief Marketing and Corporate Affairs Officer

PayPal ↗
Frank Keller

Appointment President of Checkout Solutions and PayPal

Bastion ↗
Alicia Tutty

Appointment Media Partner

Bastion ↗
Joanna Barnes

Appointment Executive Media Director

Product launches

Products, platforms and features in the recorded window

Elavon ↗
Elavon Business Solutions

Platform

Sunbit ↗
Sunbit financing on Stripe

BNPL / Consumer Financing

Stripe ↗
Agent-compatible payment tools

Payments

Airwallex ↗
POS product

Product

Airwallex ↗
point-of-sale product

Payments

Emagia ↗
Gia Order Management Super Agent

AI-powered Order Management

firmly ↗
Firmly Connect

No-code onboarding platform

Marqeta ↗
Real-Time Decisioning (RTD) offering

risk services

Contract wins

45 recorded customer wins

Flywire ↗

Customer: knowbe4Payments

Stripe ↗

Customer: mercorFintech

Alacriti ↗

Customer: arizona financial credit unionFinance

Cfm ↗

Customer: ryanairAviation

Customer: Alpha Modus Financial ServicesFinancial services

Flywire ↗

Customer: simovativeEducation

Regulatory events

46 recorded events

Flutterwave ↗

licensing granted

Flutterwave ↗

Banking license grantedCentral Bank of Nigeria

Flutterwave ↗

Officially licensed by the Central Bank for Central African StatesCentral Bank for Central African States

Flutterwave ↗

approved to operate

Litigation

27 tracked suits

Company
Investors who purchased or acquired PayPal common stock betw v paypal

securities fraud (material misstatements and omissions)Class Action · Filed

Company
Hayden Artificial AI Technologies Inc. v seon, safe fleet

trade secrets and copyright infringementCivil · Ongoing

Earnings pulse

Reported company results in the recorded window.

37companies
358period observations
9.0%median reported growth

Median across 258 reported growth observations; companies may contribute multiple periods.

Mergers and acquisitions

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

Acquirer → targetStatusDateValue / context
reliance retailAnomaly ↗Completed2026-05-05Not stated in snapshot
carlyleEqualizeRCM ↗Announced2026-05-04Not stated in snapshot
swedbankGlobal Payments ↗Announced2026-04-14$4.3M
deseret mutual benefit administratorsGlobal Payments ↗Announced2026-04-14$67.0K
traynor capital managementGlobal Payments ↗Announced2026-04-14$327.0K
Thomasville National BankGlobal Payments ↗Announced2026-04-14$1.5M

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

PEOPLE & OPPORTUNITY

The talent market

9,759 postings in the preceding 12 months. The full 14,231-posting snapshot covers 388 employers.

Expand panel +

Most advertised job titles

Financial Consultant191
Outside Sales Representative175
Account Executive78
Cdl A Company Truck Driver77
Special Education Teacher 2026 2027 School Year74
Business Development Representative60
1 internship postings

238 tracked postings mention remote work.

The seniority mix

4,973 postings specify a level.

unspecified
9,258
manager
2,873
senior
1,450
lead
461
intern
110
entry
79

Skills employers mention

Top skills across 14,231 tracked postings in the available jobs snapshot.

Python
222
Salesforce
183
React
181
Typescript
169
Sql
165
Aws
155
Excel
148
Javascript
123
Kubernetes
123
Crm
120
ADVERTISED PAY$99.7K/ year

Median across 1,453 postings with pay data, expressed in USD.

Salary by seniority

manager$100.0K/ year396 postings
senior$130.5K/ year121 postings
lead$150.7K/ year61 postings

Advertised posting medians do not describe all employees or roles.

THE PEOPLE BUILDING THE FIELD

Founders and leaders

1,702 founders and chief executives across 1,296 companies.

Expand panel +
12 profiles

Swipe or scroll horizontally to browse.

Education networks

265 profiles with education records.

Stanford University
37
Harvard University
32
Harvard Business School
23
Massachusetts Institute of Technology
23
University of California (Berkeley)
19
University of Pennsylvania
14
Stanford Business School
13
Carnegie Mellon University
12

Prior employers

86 profiles with prior-work records.

Google
17
Microsoft
12
McKinsey
10
Paypal
9
Facebook
9
Uber
7
Goldman Sachs
6
Salesforce
5

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

NEWS INTELLIGENCE

How this industry appears in the news

339,186 articles in the measured 12-month window.

Expand panel +
339,186articles in the measured year
48,073articles in 2026Q2
51.6%positive tone in the latest complete year

News volume trends

Payments Infrastructure coverage across United States · articles per complete quarter

039,79879,597119,395159,1932021Q2: 54,9772021Q22021Q3: 56,7252021Q4: 51,3932022Q1: 73,6572022Q2: 74,6902022Q22022Q3: 70,6272022Q4: 75,7102023Q1: 79,4952023Q2: 84,5732023Q22023Q3: 80,0202023Q4: 75,2932024Q1: 88,0212024Q2: 66,3972024Q22024Q3: 82,9462024Q4: 113,0552025Q1: 138,4292025Q2: 115,9562025Q22025Q3: 109,1402025Q4: 89,5912026Q1: 92,3822026Q2: 48,0732026Q2
View quarterly article counts
QuarterArticles
2021Q254,977
2021Q356,725
2021Q451,393
2022Q173,657
2022Q274,690
2022Q370,627
2022Q475,710
2023Q179,495
2023Q284,573
2023Q380,020
2023Q475,293
2024Q188,021
2024Q266,397
2024Q382,946
2024Q4113,055
2025Q1138,429
2025Q2115,956
2025Q3109,140
2025Q489,591
2026Q192,382
2026Q248,073

Article volume measures coverage, not market sales.

Tone of coverage over time

2021
108,483 positive · 2,561 neutral · 66,719 negative
2022
162,733 positive · 4,033 neutral · 127,500 negative
2023
172,802 positive · 5,406 neutral · 140,686 negative
2024
210,673 positive · 5,237 neutral · 134,059 negative
2025
233,696 positive · 6,533 neutral · 212,364 negative

Leading coverage topics

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

Cryptocurrency Impact On Forex Markets256,302 articles in the full recorded period
67,590 recent · 68,230 prior
/People & Society/Social Issues & Advocacy/Immigration Policy & Migrant Rights56,563 articles in the full recorded period
16,965 recent · 20,178 prior
Regulatory Compliance In Foreign Exchange Trading50,159 articles in the full recorded period
12,916 recent · 10,249 prior
Political Asylum And Refugee Policies40,292 articles in the full recorded period
10,991 recent · 16,343 prior
Human Rights Advocacy Reports38,032 articles in the full recorded period
10,080 recent · 15,088 prior
Macroeconomic Indicators In Forex Analysis33,018 articles in the full recorded period
6,808 recent · 9,041 prior
Central Bank Monetary Policies Impacting Forex31,100 articles in the full recorded period
6,372 recent · 7,993 prior
Geopolitical Events And Forex Fluctuations27,961 articles in the full recorded period
6,005 recent · 8,404 prior
Major Currency Pair Trading (E.G., Eur/Usd, Usd/Jpy)26,522 articles in the full recorded period
5,925 recent · 6,548 prior
Fundamental Analysis Of Currency Valuations25,952 articles in the full recorded period
5,079 recent · 6,608 prior

Recent and prior counts use the source comparison windows.

Topics gaining and losing attention

Payments Infrastructure coverage across United States

KeywordRecentPriorChange
stablecoin fx impact11,2587,94842%
h-1b visa3,824854348%
employment-based visas2,8061,078160%
crypto volatility fx2,3141,48756%
h-2b visa2,151409426%
temporary worker visas1,421617130%
company-specific visas1,389512171%
skill shortage visas1,379655111%
vix currency index1,36395343%
retail fx brokers1,28986250%
inflation reports fx3,4476,559-47%
currency intervention policies4,1856,434-35%
trade deficits fx2,9785,357-44%
quantitative easing forex3,0124,854-38%
gdp growth forex2,9294,616-37%

Event and signal lenses

Payments Infrastructure coverage across United States

All complete annual cohorts shown
Rising

Regulatory Risk

577,773 classified articles

currency intervention policies, inflation reports fx, quantitative easing forex

59.9% critical · 28.4% positive
Rising

Funding Momentum

118,321 classified articles

inflation reports fx, currency intervention policies, trade deficits fx

53.1% critical · 34.3% positive
Rising

Growth

144,083 classified articles

gdp growth forex, inflation reports fx, trade deficits fx

57.7% critical · 31.9% positive

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

RESEARCH SIGNALS

What Payments Infrastructure research is working on

1,534 papers in the recorded india scope.

Expand panel +
1,534papers
24,130worldwide comparison pool
1,534India-affiliated papers

Research orientation

Problem-identifying
380
Descriptive
376
Promising
376
Breakthrough
169
Cautionary
152
Comparative
55
Critical
26

Contribution mix

Empirical
786
Methods-led
317
Position pieces
205
Reviews
191
Theoretical
35

Tone counts: 1,259 positive · 92 neutral · 183 negative.

Common problems researchers identify
406 papers · 26.5% of this field
  • Payment261 papers
  • Mobile payment142 papers
  • Payment system53 papers
  • Financial inclusion46 papers
  • Computer security34 papers
  • Financial services34 papers
  • Payment service provider28 papers
  • Mobile banking21 papers

Landmark: An extended UTAUT model to explain the adoption of mobile banking

Cautions
152 papers · 9.9% of this field
  • Payment92 papers
  • Mobile payment50 papers
  • Financial inclusion31 papers
  • Financial services21 papers
  • Database transaction13 papers
  • Payment system13 papers
  • Cryptocurrency10 papers
  • Incentive10 papers

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

Opportunities
545 papers · 35.5% of this field
  • Payment314 papers
  • Mobile payment206 papers
  • Financial inclusion72 papers
  • Computer security64 papers
  • Database transaction61 papers
  • Financial services59 papers
  • Payment system52 papers
  • Payment service provider44 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
Innovations for Poverty Action
1,312
Tufts University
719
University of California, Irvine
681

Leading researchers

Tavneet Suri
3,667
William Jack
3,447
Bill Maurer
687
Ignacio Mas
537
Ainsworth Anthony Bailey
425
Jenny C. Aker
420
Rachid Boumnijel
380
Amanda McClelland
380

Highly cited breakthrough-labelled papers

  • Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System223 citations
  • Building a Research Model for Mobile Wallet Consumer Adoption: The Case of Mobile Suica in Japan213 citations
  • Disentangling Digital Platform Competition: The Case of UK Mobile Payment Platforms171 citations
  • The bright side of online consumer behavior: Continuance intention for mobile payments170 citations
  • DCAP: A Secure and Efficient Decentralized Conditional Anonymous Payment System Based on Blockchain163 citations

Common problems researchers identify

363 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Core Payment System ChallengesCommon problems researchers identify · 01

Core Payment System Challenges

76 papers

20.9% of this theme group

Researchers highlight systemic issues in payment infrastructures, including cryptocurrency integration and service provider complexities.

Payment (67) · Payment system (26) · Cryptocurrency (13) · Payment service provider (14)

Social Payments: Innovation, Trust, Bitcoin, and the Sharing Economy

A Lawyer's Perspective on U.S. Payment System Evolution and Money in the Digital Age

View research history
YearShare index
2022155.2
2023150.3
2024108.7
2025155.6
Healthcare Payment IncentivesCommon problems researchers identify · 02

Healthcare Payment Incentives

69 papers

19.0% of this theme group

Studies examine how payment models affect physician behavior, costs, and quality within the health sector.

Health care (25) · Reimbursement (19) · Payment (67) · Incentive (17)

Rising hospital employment of physicians: better quality, higher costs?

Reforming the Primary Care Physician Payment System

View research history
YearShare index
2022294.9
2023284.7
2024201.5
2025244.0
Mobile Payment Security ConcernsCommon problems researchers identify · 03

Mobile Payment Security Concerns

63 papers

17.4% of this theme group

Papers focus on privacy, computer security, and trust barriers hindering mobile payment adoption.

Mobile payment (58) · Payment (43) · Computer security (12) · Internet privacy (8)

Determinants of Mobile Payments: An Empirical Analysis

Secure Mobile Payment Systems

View research history
YearShare index
20221082.6
20231033.1
2024693.1
2025299.1
Financial Inclusion via Mobile MoneyCommon problems researchers identify · 04

Financial Inclusion via Mobile Money

52 papers

14.3% of this theme group

Research investigates how mobile payments aim to serve unbanked populations and expand financial services.

Financial inclusion (36) · Financial services (22) · Mobile payment (28) · Unbanked (10)

Mobile Banking and Financial Inclusion: The Regulatory Lessons

Mobile Money as an Information Utility That Touches Everyone: Refining the Vision for Financial Inclusion

View research history
YearShare index
202285.8
202398.7
202483.8
2025141.8
Cashless Transition and NFCCommon problems researchers identify · 05

Cashless Transition and NFC

40 papers

11.0% of this theme group

Analyses explore the shift from cash to mobile and near‑field communication payment methods.

Mobile payment (33) · Mobile phone (7) · Cash (7) · Near field communication (3)

Banking on Mobiles: Why, How, for Whom?

Mobile Money: Implications for Emerging Markets

View research history
YearShare index
2022431.8
2023396.5
2024290.8
2025334.2
Data Breach Risks in PaymentsCommon problems researchers identify · 06

Data Breach Risks in Payments

35 papers

9.6% of this theme group

Works assess vulnerabilities and privacy threats within electronic payment systems.

Payment (32) · Computer security (11) · Payment system (15) · Data breach (5)

Payment Systems and Privacy

Security of Electronic Payment Systems: A Comprehensive Survey

View research history
YearShare index
2022880.1
2023852.6
2024559.9
2025281.2
Mobile Technology Adoption BarriersCommon problems researchers identify · 07

Mobile Technology Adoption Barriers

28 papers

7.7% of this theme group

Studies identify factors influencing mobile commerce uptake and secure device communication.

Mobile technology (11) · Mobile device (10) · Mobile business development (9) · Mobile telephony (5)

Investigation of Factors for Adopting Mobile Commerce in Developing Country [Abstract]

Analyzing Secure and Attested Communication in Mobile Devices

View research history
YearShare index
2022231.0
2023207.8
2024178.6
2025225.0

Cautions

129 papers · 4 recurring themes
4 cards

Swipe or scroll horizontally to browse.

Inclusion Risks of Mobile MoneyCautions · 01

Inclusion Risks of Mobile Money

48 papers

37.2% of this theme group

Cautions about transaction costs and risk sharing that may limit financial inclusion benefits.

Financial inclusion (22) · Mobile payment (25) · Financial services (13) · Mobile banking (5)

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

Innovations in emerging markets: the case of mobile money

View research history
YearShare index
2022102.3
2023117.9
202498.6
2025158.3
Security Trade‑offs in Digital PaymentsCautions · 02

Security Trade‑offs in Digital Payments

45 papers

34.9% of this theme group

Authors warn of heightened security and market participation risks linked to mobile payment platforms.

Payment (40) · Mobile payment (24) · Database transaction (6) · Computer security (4)

Digital Payment and Its Discontents

Mobile payment and risky financial market participation: evidence from China

View research history
YearShare index
2022933.3
2023897.3
2024575.9
2025333.2
Payment System Reform UncertaintiesCautions · 03

Payment System Reform Uncertainties

24 papers

18.6% of this theme group

Analyses question the outcomes of prospective payment and reimbursement reforms in healthcare.

Prospective payment system (9) · Payment (22) · Reimbursement (6) · Payment system (10)

Strategic Patient Discharge: The Case of Long-Term Care Hospitals

The Medicare hospice payment system: a consideration of potential refinements.

View research history
YearShare index
202247.5
202347.7
202437.8
202556.2
Cryptocurrency Viability ConcernsCautions · 04

Cryptocurrency Viability Concerns

12 papers

9.3% of this theme group

Papers scrutinize economic and governance challenges surrounding digital and virtual currencies.

Cryptocurrency (8) · Digital currency (6) · Virtual currency (5) · Payment (10)

Bitcoin: Economics, Technology, and Governance

Bitcoin as money

View research history
YearShare index
2022141.7
2023145.7
2024110.3
2025132.5

Opportunities

460 papers · 7 recurring themes
7 cards

Swipe or scroll horizontally to browse.

Consumer Acceptance of Mobile PaymentsOpportunities · 01

Consumer Acceptance of Mobile Payments

94 papers

20.4% of this theme group

Research shows how perceived security and knowledge drive continued use of mobile fintech services.

Mobile payment (71) · Marketing (20) · Payment (53) · Technology acceptance model (9)

An Empirical Study of the Impacts of Perceived Security and Knowledge on Continuous Intention to Use Mobile Fintech Payment Services

Impacts of mobile payment‐related attributes on consumers' repurchase intention

View research history
YearShare index
20221108.1
20231128.6
2024606.5
2025286.1
Blockchain for Fraud PreventionOpportunities · 02

Blockchain for Fraud Prevention

85 papers

18.5% of this theme group

Studies explore blockchain integration to enhance real‑time security and transparency in payment transactions.

Payment (80) · Database transaction (32) · Blockchain (18) · Cryptocurrency (17)

Integrating blockchain for real-time fraud prevention in payment systems

Payment Application Using Crypto Currencies

View research history
YearShare index
2022289.6
2023277.6
2024184.8
2025245.4
Mobile Money’s Development ImpactOpportunities · 03

Mobile Money’s Development Impact

71 papers

15.4% of this theme group

Investigations assess how mobile banking fuels socioeconomic growth in emerging economies.

Mobile payment (60) · Mobile phone (13) · Developing country (8) · Mobile banking (12)

A Qualitative Exploration of Mobile Money in Ghana

Mobile Money and Socioeconomic Development: A Cross-Country Investigation in Sub-Saharan Africa

View research history
YearShare index
2022240.9
2023228.7
2024164.2
2025196.7
E‑Commerce Payment System EvolutionOpportunities · 04

E‑Commerce Payment System Evolution

65 papers

14.1% of this theme group

Works analyze modern payment architectures and settlement processes supporting online commerce.

Payment (56) · Payment system (20) · Settlement (8) · Payment service provider (11)

A Theoretical Analysis of Payment Systems

Evolution of Payment Systems in E-Commerce: A Case Study of CRM Integrations

View research history
YearShare index
202253.1
202352.6
202446.4
202578.4
Secure NFC and Mobile ComputingOpportunities · 05

Secure NFC and Mobile Computing

60 papers

13.0% of this theme group

Research proposes robust authentication and encryption methods for near‑field and mobile payment interactions.

Computer security (38) · Mobile computing (13) · Mobile payment (33) · Near field communication (8)

Identity Authentication Security Management in Mobile Payment Systems

A secure mobile electronic payment architecture platform for wireless mobile networks

View research history
YearShare index
2022920.7
2023884.2
2024594.9
2025313.9
FinTech for Financial LiteracyOpportunities · 06

FinTech for Financial Literacy

48 papers

10.4% of this theme group

Papers highlight digital platforms that expand inclusion and improve financial knowledge among underserved groups.

Financial inclusion (37) · Financial services (25) · FinTech (13) · Financial literacy (8)

Advancing financial inclusion through digital payment platforms in emerging markets

Mobile money, digital financial inclusion, and evidence on saving and borrowing

View research history
YearShare index
2022102.9
2023118.3
2024108.2
2025182.8
Incentive‑Based Healthcare Payment ModelsOpportunities · 07

Incentive‑Based Healthcare Payment Models

37 papers

8.0% of this theme group

Studies present frameworks linking reimbursement structures to provider performance and patient outcomes.

Actuarial science (9) · Incentive (12) · Payment (36) · Reimbursement (7)

Using Medicare Payment Policy To Transform The Health System: A Framework For Improving Performance

Payment Models to Coordinate Healthcare Providers with Partial Attribution of Outcome Costs

View research history
YearShare index
2022222.9
2023214.6
2024105.8
202590.5

How this field compares with the research baseline

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

Research orientationThis fieldReference sample
Problem-identifying24.8%9.4%
Descriptive24.5%17.7%
Promising24.5%37.7%
Breakthrough11.0%25.9%
Cautionary9.9%4.6%
Comparative3.6%3.8%
Critical1.7%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 & surveillanceA comparison of mobile money-transfer UIs for non-literate and semi-literate users16612.75%65 (39.2%)10.02%
Labour & data workEvaluating the Role of UPI in Fostering Economic Inclusion among Gig Workers in Mumbai City70.54%2 (28.6%)0.22%
Concentration of compute powerTwo-Sided Market, R&D and Payments System Evolution30.23%1 (33.3%)0.19%
Hardware, e-waste & supply chainMobile Phone Repair as a Strategy for Reducing E-Waste, Enhancing Data Privacy, and Promoting Digital Sustainability in 10.08%0 (0.0%)0.01%
Bias & fairnessThe Impact of Mobile Data Cost on Consumer Price Sensitivity: A Study of a Hotel Booking App10.08%1 (100.0%)0.03%
Energy & datacenter footprint00.0%0 (%)0.01%
Water use00.0%0 (%)0.0%
Carbon & emissions of compute00.0%0 (%)0.0%
Safety & misuse00.0%0 (%)0.04%

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

GEOGRAPHIC FOOTPRINT

Where companies are based

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

Expand panel +
8 cards

Swipe or scroll horizontally to browse.

UNDERSTAND THE LANDSCAPE

Payments Infrastructure in the United States: 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: 30 August 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 ↗
Coming soon