Top 10 in Payments
- Gambling IQ
- Mar 22
- 5 min read
iGaming isn't just leading the charge for innovations in payment technology - it's also serving as a testing ground for other industries. With its unique blend of high volume transactions and strict regulations, the iGaming sector has become the perfect proving ground for payment solutions that could later be adopted in other sectors. When Gambling IQ first unveiled its groundbreaking report on Open Banking, the potential was crystal clear: the innovative technology was not only about enabling smooth deposits and withdrawals but also offered a tangible solution for problem gambling by providing direct, secure access to funds.
Read the GamblingIQ iGaming Payments Innovators magazine report here:
Trustly
Trustly connects over 9,000 merchants to more than 12,000 banks globally, establishing a unique network that reaches upwards of 650 million consumers across 33 markets. In 2024, this network processed a total transaction value of $100 billion. Over its 15-year journey as an open banking pioneer, the Swedish firm has emerged as the leading provider of account-to-account payments in iGaming. Headquartered in Stockholm, Trustly recently launched Azura, an advanced data engine that offers a highly personalised payment experience. By owning and managing its entire infrastructure, the company achieves unparalleled uptime and reliability. Key strategic moves include the €70 million acquisition of French fintech SlimPay, a partnership with BNY Mellon to launch Bankify, version 3.0 of its industry-defining Pay N Play® onboarding flow, and a major deal with crypto giant Coinbase in Canada.
Website: https://www.trustly.com
2. Paysafe
Paysafe brings over two decades of specialised payments experience supporting the global iGaming and sports-betting sectors and provides operators with a comprehensive suite of traditional and alternative payment methods through a single, streamlined API integration. Paysafe is also a leader in digital and affiliate marketing technology and services for iGaming operators through its Income Access business unit. Since the opening-up of the U.S. iGaming market in May 2018, Paysafe has consistently stated its ambitions to be the payments leader in the fast-growing sector, building on its leadership in Canada and Europe. As of March 2025, the company supports 75% of operators in the USA with payments or marketing solutions across 34 jurisdictions. In Canada, Paysafe also has a leading position and partners with the majority of regulated iLottery and gaming brands.
Website: https://www.paysafe.com
MiFinity
Not to be underestimated. MiFinity boasts a talented and experienced multi-national team. In a sector where agility is key, MiFinity has mastered the art of payment innovation - building a global footprint while staying ahead of regulatory shifts and evolving consumer demands. Having launched Rabbit Line Pay in Thailand, LinkAja in Indonesia, along with A2A direct bank transfers, with further integrations planned throughout 2025, MiFinity is deepening its presence in Asia. With a growing merchant base, the company is proving that adaptability and precision are the cornerstones of lasting success.
Website: https://mifinity.com
4. Sightline
Sightline Payments is transforming the gaming industry with cutting-edge financial technology solutions. As a leading provider of digital payment technology, Sightline empowers gaming operators with seamless, secure, and omnichannel payment experiences. With a deep understanding of consumer behaviour, regulatory requirements, and gaming operations, Sightline delivers innovative, compliant, and scalable payment solutions that enhance both operator efficiency and patron experience. Trusted by more than 70 partners across 44+ states, we are redefining how payments drive the future of gaming.
OKTO
OKTO drives digital payments for online and retail businesses worldwide. Its unified payment platform securely processes transactions in the digital and real-world sectors, crafting immersive payment experiences for merchants and consumers alike. With a team of 200+ payment experts and technologists, OKTO orchestrates digital payments across the Americas, Europe, and Asia through a blend of local expertise, sector knowledge, and international capabilities. The company's embedded omnichannel approach supports customers across diverse regulatory landscapes, ensuring low friction and high protection. OKTO operates in over 20 countries, serving more than 100 leading merchants. With over €11 billion in processed volume by over 25 million consumers worldwide, it is continuously driving digital transformation in payments.
6. Plaid
Few companies have dealt with fintech’s highs and lows quite like Plaid. Founded in 2013 by Zach Perret and William Hockey, the company built the digital infrastructure that links financial accounts across platforms, powering everything from Robinhood to Chase. When fintech was soaring, so was Plaid—culminating in a $5.3 billion merger deal with Visa in early 2020. But regulatory scrutiny arrived swiftly, with the Justice Department intervening to block the acquisition. By early 2021, the deal was dead. Like many in the sector, Plaid faced a tough reset—its valuation took a hit, layoffs followed, and the broader fintech landscape cooled. But Plaid wasn’t down for long. Its revenue surged by more than 25% in 2024, with nearly half of all US consumers interacting with its technology in some capacity. If the company deepens its ap- petite for the iGaming market, it could become a serious player in the space by 2026, building on its success with PokerStars in Europe.
Rapyd
Arik Shtilman, CEO and co-founder of Rapyd, has redefined global payments by building a seamless platform for cross-border transactions. After selling a multimillion-dollar cloud computing company, he identified a critical gap in international payments and moved swiftly to bridge it. Through strategic acquisitions—including PayU for £485m (US$616.4m)—Rapyd has expanded into more than 100 countries, integrating over 1,200 payment methods. With offices in Tel Aviv, Dubai, London, Iceland, San Francisco, Miami, Hong Kong, and Singapore, the company now offers end-to-end coverage across cards, e-wallets, bank transfers, and cash payments. A key player in the iGaming payments space, Rapyd's progress will certainly be interesting to watch through 2026.
8. Worldpay
Long story short: After being acquired by FIS (Fidelity National Information Services, Inc.) in 2019 for $43 billion - worldpay was no longer a publicly traded entity. However, in 2023, FIS spun off worldpay into a separate private company, selling a majority stake (55%) to private equity firm GTCR for $18.5 billion. Lots of disruption, but as an independent company, CEO Charles Drucker has said worldpay intends to be faster, nimbler and innovative.
Worldline
Worldline [Euronext: WLN] generated 4.6 billion euro revenue in 2024. The company helps businesses of all shapes and sizes to accelerate their growth journey – quickly, simply, and securely. With advanced payments technology, local expertise and solutions customised for hundreds of markets and industries, it powers the growth of over one million businesses around the world.
10. Pagsmile
Founded in 2012 by Liu Di in China, and operating in Brasil since 2015, the São Paulo-based company offers over 150 payment methods and processes more than US$88m per month. Through a well-tested API, Pagsmile can really take advantage of the new iGaming laws in Latin America and Brasil through its specialisation in localised payment solutions. As of January 2025, the company operates with a team of 120 employees.