Digital payment companies develop technology and solutions to simplify the exchange of money. Their products are used by businesses of all sizes to accept multiple forms of payment for online and in-app shopping. Consumers can also take advantage of these services to split bills and instantly transfer money to friends or family. Here’s an overview of some top digital payment companies making checkout easier for businesses and consumers.
Top Digital Payment Companies
- Checkout.com
- Navan
- Flywire
- PayPal
- Cash App
- Adyen
- Venmo
- Stripe
Top Digital Payment Companies
BillGO is a digital payments company that offers bill management and payments. Through integrations with a huge network of billers, consumers can make instant payments in low-friction processes, while accessing all their bills from a single dashboard. More than 30 million consumers use the platform, as well as thousands of financial institutions.
Remitly’s technology enables money transfers for users around the world. Its capabilities cover sending and receiving money across more than 170 countries, including Nigeria, Mexico, Greece, Belgium, Malaysia, South Africa, Canada, Thailand and Brazil. Users can access these money transfer services through Remitly’s website or mobile app.
Gusto’s technology is designed to simplify management of payroll and other HR processes. Besides enabling direct deposits for employee paychecks, Gusto provides businesses with several other payment features, including a wallet solution along with physical and virtual debit cards for managing spending accounts and savings tools. The company also has an offering that gives employees access to their money outside the regular payroll schedule.
Checkout.com is a payment services provider that facilitates digital payments for client businesses in multiple industries. Its platform is designed to protect merchants by preventing fraud through intelligent acceptance, layered authentication, identity verification and other fraud detection tools. Checkout.com’s operations are spread across more than a dozen global offices.
Wise aims to make international financial transactions smoother. Individuals and companies use its platform to invoice vendors and send payments across more than 160 countries, and balances can be held in more than 40 different currencies. Wise also offers an international debit card. The company, headquartered in Austin, Texas, employs over 5,000 people.
Check provides the embedded payroll infrastructure that allows software companies to integrate payroll capabilities into their platforms. Its solutions are designed to ensure accurate payroll and tax calculations and get money to workers on time. Check offers customizable components so that its customers can build a payroll product that serves their specific business strategy.
Pangea operates a global digital payments platform where users can send money anywhere in the world. The recipient can pick up the transfer as cash or deposit it into a bank account in the local currency. Pangea was designed to serve underbanked individuals or areas while reducing the cost and increasing the speed of international money transfers.
Flywire provides streamlined digital payment processing for international payers, often at rates lower than those for international bank transfers. Used by prominent universities and U.S. banking institutions like Bank of America, Flywire primarily serves payers in the education, healthcare, travel and B2B markets.
Developers can use Moov Financial’s open-source libraries to build payments into their programs, and its own payment platform makes it easy to accept, store, send and spend money from a single API. Moov Drops, the company’s bundle of secure, prebuilt UI components, allows for payments to be incorporated into products swiftly. Founded in 2018, Moov is a fully-remote business, employing over 100 people who work from wherever they choose.
Affirm provides e-commerce shoppers with a lending platform that allows them to pay for their online purchases in small installments. It offers users information about their interest rates and what they’ll owe upfront. Clients can use Affirm with interest rates as low as zero percent and plans that range from three to 36 months for their purchases that could include cars, electronics, furniture, shoes or vacations.
Stripe builds digital payment solutions for all types of companies, including e-commerce sites and subscription-based business models. Stripe’s technology gives its customers the flexibility to accept payments in-person, online or through a mobile app. Stripe also supports more than 135 currencies, ensuring its customers can do business internationally.
Social impact company ActBlue provides a fundraising platform for Democratic campaigns, progressive organizations and other nonprofits. The company’s platform provides customizable contribution forms and allows donors to contribute through a single link, making campaigns fueled by small-dollar donors viable and efficient. Founded in 2004, ActBlue is based in Somerville, Massachusetts.
Invoice Home is a billing and invoicing service for small businesses and freelancers. Its simple services and tools include customizable templates that allow businesses to add their own logos and signatures. Because they’re cloud-based, these products are available both on desktop and a mobile app. In addition to branded invoices and an invoice delivery system, Invoice Home offers tools for payment record and billing management.
Discover offers a variety of financial products for consumers, including credit cards, checking and savings accounts and home loans. Its cards are compatible with various digital wallet solutions like Apple Pay and Google Pay to make checkout simple and secure, while also helping customers accumulate Discover card rewards for their purchases. Discover also provides businesses with technology and expert support to innovate their payments experience.
Navan offers travel payment cards that simplify business transactions by using virtual cards associated with each booking, which reduces the need for manual reconciliation. These cards, available in virtual and physical formats, support both one-time and recurring payments. Users can also link their existing Visa or Mastercard to the Navan platform while retaining their card benefits.
Order.co offers solutions to streamline procurement processes for businesses across industries like healthcare, hospitality, retail and wellness. The company’s platform includes payments and accounting capabilities that allow businesses to pay one monthly bill covering all their vendors and benefit from extended payment terms.
JPMorgan Chase is a financial institution with upwards of 250,000 employees supporting operations that span dozens of global markets. It provides payment processing services through J.P. Morgan Payments, offering secure digital payments and embedded banking solutions for businesses across industries such as energy, retail, healthcare and media.
Upgrade’s mobile banking app connects consumers with checking and savings accounts as well as a variety of other financial products and services. FlexPay is the company’s buy now, pay later offering, which gives shoppers access to monthly payment plans and doesn’t charge prepayment fees. This flexible financing option is available when checking out with one of Upgrade’s many partner brands.
Financial services company PNC offers a broad array of solutions for businesses and consumers. Customers can enroll their PNC Visa cards in PNC Pay through the company’s app so they can use their mobile device to make in-person purchases. Customers can also put the points or cash rewards they’ve accumulated toward purchases through PNC Pay.
Gynger serves startup companies with financial services and software management. Its financial products include lines of credit and loans for specific use on technology investments or software. The company’s software management tools give new companies insights into the marketplace into B2B software and cloud-based products.
Businesses can use Adyen’s platform to accept in-person and online payments, prevent fraud and keep track of important financial insights. Major retail and e-commerce names like eBay and H&M have used Adyen’s products and services.
Pinwheel’s API platform securely updates direct deposits and accesses income data. Financial institutions, banks and lending apps use Pinwheel’s real-time income and employment data to help their clients manage taxes, project earnings, and verify data. This leads to reduced risk for banking institutions, helping them activate users and provide a better customer experience.
Venmo is a digital payment service used for everything from requesting rent money from a roommate to paying a friend back for a round of drinks. Businesses can also accept Venmo payments once they create profiles. For users who want to make the most of their Venmo balance, the company offers a debit card that connects directly to their account.
Cash App users can send and receive money, stocks and bitcoin without any fees. To add money to their Cash App balance, users can link a card or bank account, deposit cash through participating retailers or set up direct deposits. Cash App also offers banking services in connection with its Cash Card, which links in-store and online payments to Cash App.
PayPal lets individual users send and receive money, enables businesses to accept online payments and covers other key financial services for businesses and consumers. The digital payment company has upwards of 400 million active accounts and has handled 22.3 billion payment transactions over more than two decades.
MyBambu’s mobile app aims to bring accessible, trustworthy and affordable financial services to everyone. The app does not require a social security number, meaning it’s accessible to all, regardless of immigration status. MyBambu includes services like international money transfers, prepaid credit cards, direct deposit options and peer-to-peer payments.
