“Can a full-stack PSP and acquirer built for high-risk verticals become the complete payments infrastructure layer — covering acquiring, open banking, instalments, and merchant capital — for mid-market merchants globally?”
Founded in 2002, emerchantpay built its reputation as a full-stack PSP and acquirer focused on high-risk verticals including iGaming. The company holds an FCA Authorised EMI licence and is a Visa and Mastercard Principal Member with in-house acquiring capabilities. It has progressively layered open banking payments (via TrueLayer), instalment capabilities (Visa Instalments), and merchant capital/terminal financing (Propel) onto its core payment gateway (Genesis), evolving from a pure-play PSP toward a broader payments infrastructure provider for mid-market and enterprise merchants globally.
Emerchantpay processes payments through emerchantpay Genesis Gateway (self-operated).
Emerchantpay connects to bank accounts through TrueLayer.
The Embedded Finance Index 2026 maps 3 layers in Emerchantpay's stack: Payments / PSP (emerchantpay Genesis Gateway (self-operated)); Lending (Card payment terminal financing (via Propel) and Merchant Cash Advance / Working Capital (own product, in-house or via partner)); Open banking (TrueLayer).
Emerchantpay is founded in 2002 and headquartered in London, UK.
Get a read on where your own stack stands against Emerchantpay 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.