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The Online Payment Ecosystem Part 1: How Does it Work

Author
Nnamdi Osuagwu
Published
Fri 03 Feb 2023
Episode Link
https://www.spreaker.com/episode/the-online-payment-ecosystem-part-1-how-does-it-work--56176959

The global digital payments market is estimated to reach $20 Trillion by 2026. "The Tech Behind FinTech" proudly presents a two-episode series that will dive into the intricacies of the online payment ecosystem. Join us in Episode 1 as we explore how online payments work, from the moment a customer initiates a transaction to the final receipt of funds. In Episode 2, we'll dive into the best practices for securing the online payment ecosystem. We'll examine the various players involved, including payment gateways, processors, and acquiring banks, and explain their roles in the payment process. Whether you're a tech enthusiast, a business owner, or simply curious about how online payments work, this series is for you. Get ready to gain a deeper understanding of the technology behind the FinTech revolution and how it's changing the way we pay for goods and services online.

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