The proportion of online sales has been significantly accelerated, with the e-commerce proportion of total sales increasing for both B2C and B2B businesses. Marketplaces have gained a lot of attention in the last few years and have become an increasingly popular way for e-commerce platforms to drive revenue. According to an e-commerce statistic, the online marketplace will top-up to a growth of $6.5 Trillion by 2023.

Marketplaces face a number of challenges when choosing their preferred payment infrastructure. This sharing economy business model demands a new approach to payments to be able to offer both buyers and suppliers the best experience possible and to consider costs, security, regulatory compliance, and other factors.