Integrated Payment Platform (IPP) Market: Quadrant Knowledge Solutions Reveals Why this Market is Projected to Register a CAGR of 14.6% by 2027
A platform seamlessly links payment processing and merchant services with diverse business management tools such as accounting systems, ERP, CRM software, eCommerce shopping carts, website platforms, invoicing solutions, and more. This integration empowers banks and financial intermediaries to manage various payment types—from domestic to cross-border, RTGS to ACH—while streamlining the entire process from initiation through clearance to real-time settlement connectivity. This software caters to the evolving needs of banks, financial institutions, merchants, and billers by addressing the demands of payment modernization. It facilitates support for alternative payment methods (APMs) and new payment types across consumer, merchant, and corporate payments. The system covers real-time payments, mobile payments, tokenization, virtual cards and accounts, cross-border transactions, global clearing gateways, open banking, and compliance—all within a unified framework. I...