What Are the Best Payment Orchestration Platforms in 2023?

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If your business needs to offer different payment options for customers globally, it may be a good idea to consider partnering with a payment orchestration platform (POP). Payment orchestration is a platform that integrates and manages the whole payment process on a single, unified software layer. In a previous post, we discussed payment orchestration, the benefits, and how this process works for merchants. This article will look at the top payment orchestration platforms in the current market, which can help you decide which option is best for your organization’s payment needs.  

The Best Payment Orchestration Platforms 

Like any payment technology, there are various factors to consider when choosing a POP. The payment orchestration platform should be vendor-agnostic, which gives merchants the ability to connect to any payment service provider (PSP) and payment gateway they need. A vendor-agnostic platform will find the best routes to send transactions. This can help increase acceptance rates and approved transactions, therefore boosting profits and improving the overall customer checkout process. Indeed, a POP that isn’t this flexible can lower acceptance rates and increase fees, negatively impacting an organization’s bottom line and scalability. Additionally, a POP should help reduce compliance scope. 

Furthermore, an ideal POP should have the tools and third-party integrations businesses need to achieve their goals. These services may allow international customers to purchase products and services using their preferred payment methods (e.g., credit card, debit card, digital wallet, etc.). Of course, merchants should also consider how user-friendly a platform is to use. If a business does not have a designated IT team, it may be better to choose a user-friendly platform that does not require technical expertise to use and manage.  


Magnius is a white-label payment orchestration platform (POP) designed for banks, payment service providers (PSPs), and large merchants. The Intelligent Payment platform acts as a Software as a Service (SaaS) model and an enterprise solution. This POP helps merchants optimize conversions, accelerate growth, reduce payment fraud, avoid vendor lock-in, and reduce IT costs up to 75 percent. Typical use cases for their state-of-the-art platform include running full PSP or merchant operations, entering new markets and countries globally, or prototyping new payment technologies. By using Magnius, clients can benefit from having an all-in-one payment platform that offers the independence and flexibility to scale their businesses seamlessly and easily.  

Magnius Platform includes: 

  • Amazon cloud hosting (AWG) 
  • Intelligent payment routing 
  • Hosted payment page 
  • Multi-currency 
  • 500+ payment methods (global and local) 
  • Global coverage 
  • Dynamic 3-D Secure 
  • Fraud prevention tools 
  • Risk management engine 
  • Settlement reports 
  • Payment experts support 
  • PCI Level 1 and PSD2 compliant 

Magnius White Label Services include: 

  • Buy & sell rates management 
  • Client-specific white label URLs 
  • Interface for PSPs 
  • Merchant invoicing 
  • Unlimited merchant accounts 
  • White label API documentation 

Nexio is a payment orchestration platform specializing in helping merchants simplify the complex, fragmented, and ever-changing payment ecosystem. The platform empowers merchants to swiftly adapt for global expansion, new compliance requirements, and strategic changes. Merchants use Nexio to design a future-conscious payments strategy that eliminates complexity from stunting their growth today and tomorrow.  

Nexio helps merchants accomplish this by embedding eight essential components into their payment stack: connectivity, control, security, optimization, recovery, redundancy, adaptability, and optionality. As for connectivity, Nexio clients can connect with a single integration point and expand into new markets by sending and receiving payments through a neutral network of processors and gateways. Clients can also avoid gateway lock-in by controlling their data and tokens. Since security is a top priority, clients can protect their sales and customers by preventing fraud and reducing chargebacks. To optimize payments, merchants can make transactions smarter, increasing authorization rates and minimizing processing costs. Merchants can save lost sales and reduce decline rates by 30%. Clients can increase redundancy by creating contingency plans for declined transactions, gateway outages, and processor disputes. Furthermore, clients can keep their payment stack modern with access to new technologies, connections, and compliances to stay adaptable. Indeed, Nexio clients can command their payments destiny by maintaining gateway and processor choice. 

Nexio Premier Platform includes: 

  • 3DS Support 
  • Virtual terminal 
  • Global coverage 
  • iframe and server-to-server payment options 
  • Shopping cart plugins 
  • Gateway failover 
  • PCI-DSS Level 1 compliant 
  • 24/7 Customer support 
  • 99.99% uptime 
  • Fast and elegant integration 
  • Secure and external tokenization 

Akurateco is a white-label payment service provider based in Amsterdam that provides payment solutions to businesses. Merchants have access to more than 150 payment integrations, data reporting and management, and a payments calendar to track monthly and yearly fees. This SaaS platform provides features like smart routing and automated retries, which can help boost conversion rates by 30%. Additionally, Akurateco uses real-time payment analytics tracking to help users make more informed decisions about their organizations. Indeed, merchants can gain more loyal customers by offering a diverse range of payment methods, having fewer false declines, and using a no-fuss refund process. Furthermore, merchants can enjoy fully automated payment flows, improved distribution traffic, decision-making based on data, and various integrations to boost payment processing like a CMS plugin, mobile SDK, REST or SOAP APIs, and Hosted Payment Page (HPP).   

Akurateco Platform includes:

  • Cloud deployment either on hardware or Amazon AWG 
  • Currency conversions 
  • PCI DSS 3.2 certification (for equipment, processes, and solutions) 
  • Support for SMS and DMS payment schemes 
  • 3DS 2.0 support 
  • 24/7 software and hardware maintenance 
  • SLA 99.995% 

Corefy is another top-rated payment orchestration platform enabling merchants to connect to a network with more than 650 providers and more than 400 payment methods in over 200 currencies. This platform offers a variety of resources to maximize revenue potential, which businesses can appreciate. By partnering with Corefy, companies have access to a wide range of services, including cascading, routing, retries, failover, anti-fraud protection, tokenization, abandoned cart recovery, and A/B testing. In turn, these services can increase conversion rates by 40%, reduce fees by 30%, and lower profit losses by 20%. Having a centralized platform makes it easy to access payment data and manage the entire payment process all in one convenient location. 

Furthermore, merchants have access to real-time analytics about their payment data. Batch payouts and payment splitting can help optimize the transaction routing process. As for integrations, businesses can choose from the following:

  • Components 
  • Embedded/iFrame 
  • Flash/Modal 
  • Pay-by-link 
  • Self-hosted 

Corefy Platform includes:

  • Currency conversion 
  • ISO certification 
  • PCI DSS Level 1 
  • PSD2 and GDPR compliance 
  • 3DS support 
  • 24/7 software and hardware support 

Ikajo is a payment orchestration platform that provides more than 100 payment connections in over 150 currencies with a single integration point. This SaaS platform offers payment options, including credit cards, cryptocurrencies, and alternatives like Klarna and PayPal. Like other POPs mentioned, merchants have access to a plethora of functionality, including the ability to change priority, turn on or off payment methods, and receive real-time payment analytics, all in a centralized, user-friendly dashboard. Additionally, Ikajo users can receive automated reconciliation and a payment calendar that tracks incoming and outgoing transactions from each payment connection. Furthermore, Ikajo’s smart routing service can help organizations improve their conversion rates by up to 30% when selecting a PSP with the best terms and rates for payment processing. Further, Ikajo’s cascading tool can help improve payment approval rates by up to 20%. Ikajo’s platform provides two integration options – REST or SOAP APIs and HPP.  

Ikajo Platform includes:

  • AML/CTF compliance 
  • Cloud development for hardware or Amazon AWS 
  • Currency conversion 
  • PCI Level 1 certification 
  • PCI 3DS certification (1.0 and 2.0) 
  • SMS and DMS payment schemes support 
  • 24/7 software and hardware maintenance 

IXOPAY is a payment orchestration platform that provides a single integration for merchants to use and manage their entire payment lifecycle. By using the IXOPAY software, businesses can connect to any PSP, acquirer, payment processor, and third-party integration necessary to achieve their goals. Specifically, this POP provides a network of more than 100 PSPs and more than 200 payment methods, ideal for merchants with international customers. Like other payment orchestration platforms, IXOPAY offers numerous valuable features, including risk-based routing, cascading and fallback, automatic card updates, customizable dashboards, and real-time KPI reporting. Automatic card updates are especially crucial for merchants because it helps increase payment optimization while reducing chargebacks and false declines. Additionally, IXOPAY offers other services, such as automated reconciliation and settlement, fee management engines, risk and fraud management tools, and smart payment routing. At IXOPAY, businesses can choose from the following integrations:

  • HPP 
  • Plugins 
  • Mobile SDK 
  • Payment.js library 
  • Server-to-server API for PCI compliant environments 
  • Virtual terminals 

IXOPAY Platform includes:

  • GDPR compliance 
  • PCI DSS Level 1 compliance 
  • PCI 3DS certification (1.0 and 2.0) 
  • 24/7 support 

Payoneer is yet another well-rated POP due to the variety of payment connections and services offered to merchants. At Payoneer, businesses have access to more than 100 payment methods in over 200 countries and 150 currencies, which is necessary for global organizations. This platform uses a global automated payment solution and key services, including Enterprise Resource Planning (ERP) integration, flexible payment approval processes, quick reconciliation and data reporting, risk mitigation, tax reporting. In turn, this platform can help improve the payment process by making a merchants payment flow more secure and compliant. Further, businesses can simplify and optimize their payment approach by utilizing mass payouts, automating reconciliation and settlements, and reducing transactional fees and chargebacks. The platform offers three integrations, including HPP, iFrame, and an alternative.

Payoneer Platform includes:

  • AML/CTF compliance 
  • PCI Level 1 certification 
  • PSD2 compliance 
  • SSL connectivity via DigiCert 
  • US and EU licenses 
  • 24/7 support 
Combine Data Protection with Payment Orchestration 

We hope you found this article helpful in your quest for the best payment orchestration platform for your organization’s unique needs and goals. While POPs are beneficial in many ways, your business may require a customized payment solution that is not available with all-in-one orchestration platforms. If this sounds like you, you may want to look for a tokenization platform that provides both payment orchestration and data protection into your existing payment flow.  

At TokenEx, our cloud-based tokenization platform offers the freedom and flexibility to route payment data via a single integration point, enabling businesses to connect to any combination of processors, gateways, or payment orchestration platforms. Furthermore, TokenEx can help maintain PCI compliance, maximize payment acceptance rates and secure payment data with tokenization. Tokenization is the process of replacing the original payment data with randomly generated unique tokens that do not contain any of the original data. If a data breach strikes, hackers will only find tokens that lack real value on their own.

Are you ready to optimize your payment flow?