STICPAY , a global e-wallet service provider and payment gateway, has announced the integration of Visa and Mastercard debit and credit card payment processing into its platform. As per the announcement, this enhancement offers over 5,000 merchant and corporate clients increased flexibility and convenience in managing their payments.

With this new service, merchants who lack the infrastructure to process Visa and Mastercard payments on their websites can now do so by integrating the STICPAY API. This allows them to process Visa and Mastercard payments alongside other existing payment methods, such as local bank wire, cryptocurrency payments, and various alternative payment methods (APM) — including STICPAY’s e-wallet, which serves over a million customers across more than 200 countries. Despite the growing popularity of alternative payment methods, the global credit card market is expected to grow at a compound annual growth rate (CAGR) of 7.45% from 2023 to 2033, while the debit card market is projected to grow at 1.4%.

In 2023, there were over 724 billion credit card transactions and 266 billion debit card transactions worldwide. About STICPAY STICPAY is a global e-wallet and payment gateway that provides local and international payment methods to over one million users and 5,000 corporate clients across more than 200 countries. STICPAY enables users to transfer dozens of fiat and cryptocurrencies through bank wire, credit card and local payment and crypto methods.

For online merchants with global customers, STICPAY securely facilities international e-commerce marketplace transactions. For individuals, STICPAY provides a fast, safe and cost-effective transfer service, including for those using non-major currencies. STICPAY also provided thousands of trusted partners in the forex and online gaming sectors with cashback services, empowering them to provide cashback rewards to their clients.

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