Payment service provider

Payment systems

(PSP).

1.

Defined broadly, a payment service provider is an organisation that:

• provides payment services to others that are not participants in a payment system
• for the purposes of enabling the transfer of funds using the payment system.

2.

In a narrower sense, an online payment service provider (PSP) enables e-commerce merchants to accept payments on the merchant's own website.

See also

• Aggregator
• Approved payment institution
• e-commerce
• Faster Payments Service
• Fintech
• Information technology
• P2P
• Payment system
• TTP