“Can Adobe own the digital experience layer of commerce while remaining a neutral marketplace orchestrator for the payments and financial stack underneath?”
Magento was an open-source e-commerce platform acquired by Adobe in 2018 and rebranded as Adobe Commerce. Adobe's embedded-finance approach is distinctly platform-orchestrator: rather than owning the payments stack, Adobe runs a Commerce Marketplace where merchants choose from Stripe, Adyen, Checkout.com, and PayPal-backed Payment Services. Adobe's own 'Payment Services for Adobe Commerce' product is a thin orchestration layer over PayPal, with BNPL routed through PayPal Pay Later and Synchrony.
Adobe Commerce processes payments through Stripe, Adyen, Checkout.com, PayPal and Payment Services for Adobe Commerce (self-operated, powered by PayPal).
Adobe Commerce connects to bank accounts through TrueLayer.
Adobe Commerce integrates with QuickBooks, Xero and NetSuite.
The Embedded Finance Index 2026 maps 4 layers in Adobe Commerce's stack: Payments / PSP (Stripe, Adyen, Checkout.com, PayPal and 1 other); Lending (BNPL at checkout via PayPal Pay Later and Synchrony embedded credit & installment financing for SMBs); Open banking (TrueLayer); Accounting (QuickBooks, Xero and NetSuite).
Adobe Commerce is founded in 2008 and headquartered in San Jose, California, United States.
Get a read on where your own stack stands against Adobe Commerce and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.