Glossary
Payments Value Chain
The Payments Value Chain describes the intricate ecosystem involved in supporting a payment transaction. This chain encompasses a wide array of participants, each playing a crucial role in the seamless execution of payment processes. The key entities in this ecosystem include:
Additionally, there are numerous third-party servicing entities involved in the payments value chain, supporting various aspects of the transaction process. These may include:
The Payments Value Chain not only ensures that each transaction is processed smoothly and securely but also supports the overall functioning of the global financial system. By facilitating efficient and secure transactions, the Payments Value Chain plays a critical role in the economy, fostering trust and convenience in the marketplace.