The emerging industry of fintech has revolutionised traditional finance, including services such as fintech payment companies. The payments sector has contributed to the growing trend of implementing technology to improve efficiency, security, and consumer satisfaction in financial services.

The Largest Payments Fintech Companies in 2022 by Market Capitalisation - CFTE's Fintech Unicorns Ranking

Here are the Top 10 Largest Payments Companies in 2022:

Visa – US
Visa remains the king of the mountain in payments. In addition to credit and debit cards, Visa operates electronic funds transfer division Interlink.
Mastercard – US
Mastercard, another mighty payments giant stand second on the leaderboard. Mastercard uses its proprietary global payments network, which it refers to as its core network, to facilitate payment transactions.
Paypal – US
PayPal revolutionised the way we pay for online shopping and provided a channel to seamlessly connect consumers and markets around the world, hence its market valuation being at a staggering 228 billion.
Square (Block) – US
Block, fomerly known as Square, the payments company possess a powerful ecosystem of commerce solutions.
Stripe – US
Known to be one of the fastest-growing fintech platforms that is always dedicated to providing top services to all customers. By providing flexibility with cloud-based software solutions for companies to program their payment methods sets it apart from other Fintech platforms.
Adyen – Netherlands
Founded in 2006, Adyen is a payments platform that aims to help businesses grow and enables merchants to accept payments in a single system, enabling revenue growth online, on mobile devices and at the point of sale.
Gojek – Indonesia
Based in Jakarta, Gojek is a digital payment technology that was only known to be Indonesias first unicorn, as well as being the country’s first decacorn. Gojek offers a selection of online apps for transportation, payment, food delivery and daily services.
Klarna – Sweden
Klarna is a Swedish fintech company that provides online financial services such as e-commerce payment solutions platform for merchants and shoppers. – US is a leading provider whos platform brings smart AP and AR automation and new bill payment capabilities to businesses – UK
Offers a cloud-based payments platform that helps businesses move faster by making payments seamless.

Find the complete ranking of payments companies in fintech in our full list of fintech unicorns by market capitalisation

Which countries do Payments unicorns come from?

Countries with the largest Payments unicorns include the United States (19 unicorns), the United Kingdom (8 unicorns), India (5 unicorns) and Israel (4 unicorns).

Payment solutions and their penetration level is substantial due to the surge of online transactions caused by the pandemic. Furthermore, the capitalisation of projects focusing on online payments also contributed to the surge.

CFTE's Live Ranking of Fintech Unicorns by Market Valuation

What were the biggest trends in Payments in 2021-2022?

According to, the global digital payments industry is expected to hit $6.6 trillion in value in 2021.

The top 5 trends in payments:

  • Rise in Innovative Payment Products

Globally, people today are trying to go contactless in every possible area. Products such as NFC and EMV, where things like tap and go QR codes and contactless cards would are more popular than ever.

  • Focus on stronger security

Due to increasing cybersecurity threat, improving existing cybersecurity framework is a must. The best approaches that are currently being taken is AI (Artificial Intelligence) and ML (Machine Learning) powered systems.

  • Integrated Payments

According to Accenture, 50% of adults are comfortable letting third party’s initiate payments on their behalf, mainly due to the offering of a seamless checkout experience for customers.

  • B2B Payments Redefined

Integrated payments will allow the B2B payments sector to connect with payment facilitators and take a revenue cut from the transaction cost.

  • Evolution of P2P payments

Platforms like PayPal and Stripe have seen a growth in popularity with their customers broadening from tech-savvy millennials to older generations. The pandemic contributed to this, making the platforms see a surge in their average transaction volumes

What is the future of Payments in the next 5 years?

According to analysis by PwC and Strategy&, Global cashless payment volumes are set to increase by more than 80% from 2020 to 2025. Figures include about 1tn transactions to almost 1.9tn, and to almost triple by 2030.

With respect to continients:

  • Asia-Pacific will have cashless transaction volume growing by 109% until 2025 and then by 76% percent from 2025 to 2030
  • Africa will have cashless transaction volume growing 78% until 2025, 64% from 2025 to 2030
  • Europe will have cashless transaction volume growing 64%, 39% from 2025 to 2030
  • Latin America will have cashless transaction volume growing 52%, 48% from 2025 to 2030
  • US and Canada growing least rapidly at 43% until 2025, 35% from 2025 to 2030
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