Payment Orchestration Platform Market Size

Global Payment Orchestration Platform Market size was valued at USD 1.4 billion in 2023 and is poised to grow from USD 1.69 billion in 2024 to USD 7.73 billion by 2032, growing at a CAGR of 20.9% during the forecast period (2025-2032).

As digital payments are becoming the global standard everywhere, the global payment orchestration platform market is expanding fast. While 89% of Americans are making digital payments and two-thirds of people globally, businesses must be able to accept payments via various channels seamlessly. eCommerce is estimated to account for 24% of worldwide consumer expenditure by 2026, driving the projected USD 14.79 trillion in global digital payments revenue by 2027. Payment orchestration platforms facilitate rapid and simple transaction routing, security, and compliance for businesses, as digital wallets account for 49% of worldwide eCommerce transactions.

Payment orchestration platforms are assisting the vendors in accelerating the BNPL payments. As a result, increased demand for the BNPL platform by vendors worldwide is among the most significant drivers of the global payment orchestration platform market growth. Advancement in the technologies of the domains, including application programming interfaces (APIs) and cloud computing, has assisted in driving the payment orchestration platform market growth. The payment orchestration platforms, with the API, facilitate businesses to process multiple modes of payments by interfacing with several banks, PSPs, and other financial organizations. Further, the increasing digitalization in various sectors, like banking, supports the development of the market. Furthermore, advanced data analytics solutions enable payment orchestration platforms to provide businesses with valuable insights related to consumer behavior, with the aim of enhancing customer experience.

The growing adoption of payment orchestration platforms has attracted increased investments by venture capital companies into businesses that offer payment orchestration platforms, driving the growth of the market.

Why AI is Future of Payment Orchestration Platforms?

Artificial Intelligence (AI) is revolutionizing the payment orchestration platform market by enhancing security, making transactions easier, and improving fraud detection. AI-driven innovations are assisting businesses in making payments in a more efficient manner, reducing operational costs, and delivering targeted customer experiences. While online transactions are increasing, AI is becoming a crucial solution for payment automation and fraud protection.

• For instance, in September 2024, Visa had bought Featurespace, an AI-powered enterprise technology firm that fights fraud and detects financial crime. The acquisition strengthens Visa's real-time fraud management, demonstrating how AI is making transactions more secure, reducing fraudulent transactions, and establishing more trust in digital payment systems. Artificial intelligence-driven risk assessment and predictive analytics now lead the way in frictionless and secure payment processing, driving AI adoption growth further in financial services.

How are Startups Redefining Payment Processing?

The payment orchestration platform market is witnessing a wave of innovative entrepreneurs transforming online payments. These new companies use automation, artificial intelligence, and real-time analytics to improve the scalability, security, and efficiency of payment processing. These new companies are redefining the path of frictionless and intelligent financial transactions by solving issues like multi-channel integration, fraud protection, and cross-border payments.

• OpenPayd is a banking-as-a-service platform that was launched in London in 2015 and offers accounts, virtual IBANs, payment infrastructure, and foreign exchange capabilities. Bitfinex and eToro are among the clients, and the company operates in a wide range of sectors, from digital assets to financial services. With an annual payment volume exceeding Euro 50 billion, OpenPayd is a major player in the market.

• Sunrate is a Singapore-based fintech firm that was established in 2016 and provides global payment and treasury management services. Its system facilitates business-to-business payments in 190 countries and more than 130 currencies. Sunrate has raised significant amounts to fuel its growth and development through collaborations with global banks such as Citibank and Barclays.

• One of the most innovative fintech firms in 2022 was Atlar, a Stockholm-based firm that created an automated bank-to-bank payment platform. It provides businesses with accelerated financial transactions via Sweden's highly developed fintech ecosystem, eliminating inefficiencies and helping to manage cash flow more effectively. By incorporating frictionless payment processing capabilities, Atlar is seeking to enhance companies' operational effectiveness and further establish Stockholm as a top European fintech hub, commonly known as the Silicon Valley of Europe.

How B2B Payments are Driving Growth in Payment Orchestration Platforms?

As per the global payment orchestration platform market analysis, the B2B type segment dominated the market by holding the largest market share of more than 62.0% by 2032. The segment will continue to dominate the industry in the forecast period. Growing global trade has triggered the need for B2B payments between enterprises and will drive growth opportunities for POPs. Further, corporations are eager to establish themselves in new countries to expand business, thereby driving cross-border business transactions. Further, the increased use of technology for B2B payments and improving innovations in small- & medium-sized businesses are also driving segment growth.

The B2C segment is expected to register the highest growth rate during the forecast period. Increased adoption of digital payments such as digital wallets, mobile banking, and cashless transactions is expected to make the biggest contribution towards segmental growth. The higher convenience extended to consumers by payment segments is also good for segmental growth. For instance, the implementation of payment orchestration platforms supports cost-savings in cross-border payments on an open basis.