Guides and reports

Evolution of payments: The payment industry explained

Learn about key players and big changes in this brief history, covering 40 years of evolution in the payment industry.

31 May, 2023
 ·  6 minutes
Colorful tiles displaying Adyen payment features such as Auto-retry, Bank reconciliation, Card networks, Tokenization, DCC, and Digital wallet.

From gold coins to digital wallets, the way people pay and how businesses receive payments have changed a lot. But the current payment industry is a particularly complex space. Hundreds of companies offer payment systems and financial services that carve up the payment process into smaller, more intricate parts.

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