The payments industry is a confusing place. Everywhere you turn, you are met by terms, phrases, and definitions that can leave you scratching your head. Innovation is constant, making it that much more challenging to keep up with the Joneses of Payments.

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There are dozens of providers, each specialising in different aspects.  At Worldwide Pay we offer an agnostic view and work with you to understand the provider who best suits your needs.

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However, when it comes to the key players that make it possible for consumers and businesses to exchange money, there are a few staples. The hard part is understanding what these players do, because, at first glance, you may think, "what is the difference?!".

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Well, that is what we are here to tell you. The card networks, card-issuing banks, acquiring banks, payment gateways, payment service providers (PSP), and independent sales organizations (ISO) that work behind the scenes have been the stable and constant framework of the payments landscape.

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Customer payments can be seperated in to two categories.  Traditional card payments and Instant Bank Transfer via Open Banking.  Find out more below.