Payments Ecosystem

A payments ecosystem is the network of all parties involved in transferring money, including consumers, merchants, banks, payment providers, and technology platforms. It facilitates secure, quick, and convenient transactions, whether online or in person. This system involves various methods like credit/debit cards, mobile wallets, and bank transfers, all working together through digital infrastructure. The ecosystem ensures that payments are processed efficiently, securely, and reliably, supporting daily commerce and financial activities across different channels and regions.