{"id":1761,"date":"2024-09-17T08:43:03","date_gmt":"2024-09-17T03:13:03","guid":{"rendered":"https:\/\/in.nttdatapay.com\/blog\/?p=1761"},"modified":"2025-07-10T12:45:41","modified_gmt":"2025-07-10T07:15:41","slug":"difference-between-psps-and-payment-gateway","status":"publish","type":"post","link":"https:\/\/in.nttdatapay.com\/blog\/difference-between-psps-and-payment-gateway\/","title":{"rendered":"What Are The Differences Between PSPs and Payment Gateways?"},"content":{"rendered":"\r\n<p>This article will answer the question: What are the <strong>differences between PSPs and payment gateways<\/strong>? And elaborate these both individually too. This digital era has become a turning point for various industries and their development among their competitors.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>The banking sector is one of the industries which has also seen multiple changes and has developed a lot. Unlike before, carrying money in hand is unnecessary as everything is digitally enabled. Various payment service providers are approved by the bank available to choose and these services aid in having a safe and quick transaction.<\/p>\r\n\r\n\r\n\r\n\n<div class=\"wpcf7 no-js\" id=\"wpcf7-f2460-o1\" lang=\"en-GB\" dir=\"ltr\" data-wpcf7-id=\"2460\">\n<div class=\"screen-reader-response\"><p role=\"status\" aria-live=\"polite\" aria-atomic=\"true\"><\/p> <ul><\/ul><\/div>\n<form action=\"\/blog\/wp-json\/wp\/v2\/posts\/1761#wpcf7-f2460-o1\" method=\"post\" class=\"wpcf7-form init\" aria-label=\"Contact form\" novalidate=\"novalidate\" data-status=\"init\">\n<fieldset class=\"hidden-fields-container\"><input type=\"hidden\" name=\"_wpcf7\" value=\"2460\" \/><input type=\"hidden\" name=\"_wpcf7_version\" value=\"6.1.4\" \/><input type=\"hidden\" name=\"_wpcf7_locale\" value=\"en_GB\" \/><input type=\"hidden\" name=\"_wpcf7_unit_tag\" value=\"wpcf7-f2460-o1\" \/><input type=\"hidden\" name=\"_wpcf7_container_post\" value=\"0\" \/><input type=\"hidden\" name=\"_wpcf7_posted_data_hash\" value=\"\" \/><input type=\"hidden\" name=\"_wpcf7_recaptcha_response\" value=\"\" \/>\n<\/fieldset>\n<div class=\"cus-form\">\n\t<p style=\"font-size: 24px;font-weight: 600;text-align: center;\">Enquire Now\n\t<\/p>\n\t<p><label>Products Required:<\/label><span class=\"wpcf7-form-control-wrap\" data-name=\"products\"><select class=\"wpcf7-form-control wpcf7-select wpcf7-validates-as-required form-control\" aria-required=\"true\" aria-invalid=\"false\" name=\"products\"><option value=\"Payment Gateway\">Payment Gateway<\/option><option value=\"POS Machine\">POS Machine<\/option><option value=\"Reseller\">Reseller<\/option><\/select><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"uname\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-text wpcf7-validates-as-required form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Name*\" value=\"\" type=\"text\" name=\"uname\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"phone\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-tel wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-tel form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Phone*\" value=\"\" type=\"tel\" name=\"phone\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"email\"><input size=\"40\" maxlength=\"400\" class=\"wpcf7-form-control wpcf7-email wpcf7-validates-as-required wpcf7-text wpcf7-validates-as-email form-control\" aria-required=\"true\" aria-invalid=\"false\" placeholder=\"Email*\" value=\"\" type=\"email\" name=\"email\" \/><\/span><br \/>\n<span class=\"wpcf7-form-control-wrap\" data-name=\"message\"><textarea cols=\"10\" rows=\"3\" maxlength=\"2000\" class=\"wpcf7-form-control wpcf7-textarea form-control\" aria-invalid=\"false\" placeholder=\"Message\" name=\"message\"><\/textarea><\/span><br \/>\n\t\n\t<input class=\"wpcf7-form-control wpcf7-hidden\" id=\"utm\" value=\"\" type=\"hidden\" name=\"utm\" \/><input class=\"wpcf7-form-control wpcf7-submit has-spinner\" type=\"submit\" value=\"Submit\" \/>\n\t<\/p>\n<\/div>\n<style>\n.cus-form .form-control{width: 100%!important;margin: 7px 0px;padding: 8px;border-radius: 3px;height: auto;line-height: 20px;}\n.cus-form{display: block;margin: 0 auto;max-width: 400px;width: 100%;padding: 20px;box-shadow: 0px 0px 4px 0px #0000002b;border-radius: 6px;margin-bottom: 25px;padding-bottom: 0px;}\n.cus-form .wpcf7-submit{margin: 0 auto;display: block;}\n.cus-form h3{background: #ff6644;text-align: center;margin: -21px;margin-bottom: 20px;padding: 6px;}\n<\/style>\n<p><script>\ndocument.getElementById(\"utm\").value = window.location.href;\n\ndocument.addEventListener( 'wpcf7mailsent', function( event ) {\n location = 'https:\/\/in.nttdatapay.com\/blog\/thankyou\/';\n}, false );\n<\/script>\n<\/p><div class=\"wpcf7-response-output\" aria-hidden=\"true\"><\/div>\n<\/form>\n<\/div>\n\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What are PSPs?<\/h2>\r\n\r\n\r\n\r\n<p>The abbreviation of PSP is the payment service provider. PSP acts as a bridge between the customer and the merchant while transacting, as well as transmitting information about each other. It helps to have a smooth and hassle-free transaction.<\/p>\r\n\r\n\r\n\r\n<p>To elaborate more clearly for a better understanding, let us take an example. When someone buys a product from a website and makes the payment using a card, the first procedure will be to enter the required details, like the details on the card. Then comes the payment service provider to the action. The PSP transmits the details of the payment initiator, i.e., the buyer and the merchant, who is the receiver. It all starts when the buyer initiates the payment.<\/p>\r\n\r\n\r\n\r\n<p>The details will be sent to the payment service provider from which it bridges both. The PSP sends the details to the card network to verify them, then proceeds to transmit them to the bank, where the <a href=\"https:\/\/in.nttdatapay.com\/blog\/what-is-open-banking-payments\/\">bank confirms the payment<\/a> initiator&#8217;s account, like the fund sufficiency.<\/p>\r\n<p>Once the bank endorses and approves the payment, it sends the information to the card network and the payment service provider. As the final step, the PSP shares the details with the payment initiator and the receiver and, thus, when the <a href=\"https:\/\/in.nttdatapay.com\/blog\/how-to-know-transactions-are-successful-in-payment-gateway\/\">payment transaction is successfully<\/a> done.<\/p>\r\n\r\n\r\n\r\n<p>The payment service provider provides a total solution that includes technical transaction processing and money collecting. The payment service provider is responsible for all arrangements with banks and other sources.<\/p>\r\n<p>The payment service provider has various online transaction modes, including cards, e-wallets, and e-banking. The PSPs aid by not restricting access with the particular payment mode; instead, gives vast options to choose from for various level payments.<\/p>\r\n<h2 style=\"text-align: center;\"><em><span id=\"Recent_Web_Stories\">Recent Web Stories<\/span><\/em><\/h2>\r\n\t\t<div class=\"web-stories-list alignnone has-archive-link is-view-type-circles is-style-default is-carousel\" data-id=\"1\">\n\t\t\t<div\n\t\t\tclass=\"web-stories-list__inner-wrapper carousel-1\"\n\t\t\tstyle=\"--ws-circle-size:150px\"\n\t\t\t>\n\t\t\t\t\t\t\t\t\t<div\n\t\t\t\t\tclass=\"web-stories-list__carousel circles\"\n\t\t\t\t\tdata-id=\"carousel-1\"\n\t\t\t\t\tdata-prev=\"Previous\"\n\t\t\t\t\tdata-next=\"Next\"\n\t\t\t\t\t>\n\t\t\t\t\t\t\t\t\t<div\n\t\t\t\tclass=\"web-stories-list__story\"\n\t\t\t\tdata-wp-interactive=\"web-stories-block\"\n\t\t\t\tdata-wp-context='{\"instanceId\":1}'\t\t\t\tdata-wp-on--click=\"actions.open\"\n\t\t\t\tdata-wp-on-window--popstate=\"actions.onPopstate\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<div class=\"web-stories-list__story-poster\">\n\t\t\t\t<a href=\"https:\/\/in.nttdatapay.com\/blog\/web-stories\/future-of-digital-currency-how-to-use-cbdc-in-india\/\" >\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Future-of-Digital-Currency-How-to-Use-CBDC-in-India-poster-page-640x853.jpg\"\n\t\t\t\t\t\talt=\"Future of Digital Currency: How to Use CBDC in India\"\n\t\t\t\t\t\twidth=\"185\"\n\t\t\t\t\t\theight=\"308\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tsrcset=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Future-of-Digital-Currency-How-to-Use-CBDC-in-India-poster-page.jpg 640w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Future-of-Digital-Currency-How-to-Use-CBDC-in-India-poster-page-105x140.jpg 105w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Future-of-Digital-Currency-How-to-Use-CBDC-in-India-poster-page-311x414.jpg 311w, 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>\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-640x853.jpg\"\n\t\t\t\t\t\talt=\"What Are UPI Transaction Mistake?\"\n\t\t\t\t\t\twidth=\"185\"\n\t\t\t\t\t\theight=\"308\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tsrcset=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page.jpg 640w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-105x140.jpg 105w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-311x414.jpg 311w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-149x199.jpg 149w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-60x80.jpg 60w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/What-Are-UPI-Transaction-Mistake-poster-page-150x200.jpg 150w\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tsizes=\"auto, (max-width: 640px) 100vw, 640px\"\n\t\t\t\t\t\t\t\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t\t\tdecoding=\"async\"\n\t\t\t\t\t>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div\n\t\t\t\tclass=\"web-stories-list__story\"\n\t\t\t\tdata-wp-interactive=\"web-stories-block\"\n\t\t\t\tdata-wp-context='{\"instanceId\":1}'\t\t\t\tdata-wp-on--click=\"actions.open\"\n\t\t\t\tdata-wp-on-window--popstate=\"actions.onPopstate\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<div class=\"web-stories-list__story-poster\">\n\t\t\t\t<a href=\"https:\/\/in.nttdatapay.com\/blog\/web-stories\/book-tickets-on-irctc-with-international-debit-credit-cards\/\" >\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-640x853.jpg\"\n\t\t\t\t\t\talt=\"Book Tickets on IRCTC with International Debit &#038; Credit Cards\"\n\t\t\t\t\t\twidth=\"185\"\n\t\t\t\t\t\theight=\"308\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tsrcset=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards.jpg 640w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-105x140.jpg 105w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-311x414.jpg 311w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-149x199.jpg 149w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-60x80.jpg 60w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/Book-Tickets-on-IRCTC-with-International-Debit-Credit-Cards-150x200.jpg 150w\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tsizes=\"auto, (max-width: 640px) 100vw, 640px\"\n\t\t\t\t\t\t\t\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t\t\tdecoding=\"async\"\n\t\t\t\t\t>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div\n\t\t\t\tclass=\"web-stories-list__story\"\n\t\t\t\tdata-wp-interactive=\"web-stories-block\"\n\t\t\t\tdata-wp-context='{\"instanceId\":1}'\t\t\t\tdata-wp-on--click=\"actions.open\"\n\t\t\t\tdata-wp-on-window--popstate=\"actions.onPopstate\"\n\t\t\t\t>\n\t\t\t\t\t\t\t<div class=\"web-stories-list__story-poster\">\n\t\t\t\t<a href=\"https:\/\/in.nttdatapay.com\/blog\/web-stories\/how-to-create-a-payment-gateway-api\/\" >\n\t\t\t\t\t<img\n\t\t\t\t\t\tsrc=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-640x853.jpg\"\n\t\t\t\t\t\talt=\"How To Create a Payment Gateway API?\"\n\t\t\t\t\t\twidth=\"185\"\n\t\t\t\t\t\theight=\"308\"\n\t\t\t\t\t\t\t\t\t\t\t\t\tsrcset=\"https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page.jpg 640w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-105x140.jpg 105w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-311x414.jpg 311w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-149x199.jpg 149w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-60x80.jpg 60w, https:\/\/in.nttdatapay.com\/blog\/wp-content\/uploads\/2024\/03\/How-To-Create-a-Payment-Gateway-api-poster-page-150x200.jpg 150w\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\tsizes=\"auto, (max-width: 640px) 100vw, 640px\"\n\t\t\t\t\t\t\t\t\t\t\t\tloading=\"lazy\"\n\t\t\t\t\t\tdecoding=\"async\"\n\t\t\t\t\t>\n\t\t\t\t<\/a>\n\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<div tabindex=\"0\" aria-label=\"Previous\" class=\"glider-prev\"><\/div>\n\t\t\t\t\t<div tabindex=\"0\" aria-label=\"Next\" class=\"glider-next\"><\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What are Payment Gateways?<\/h2>\r\n\r\n\r\n\r\n<p>The <a href=\"https:\/\/www.nttdatapay.com\/online-payment-gateway-india\" target=\"_blank\" rel=\"noopener\">payment gateway<\/a> is the solution that is engaged in any form or technique of transaction. <a href=\"https:\/\/in.nttdatapay.com\/blog\/advantages-and-disadvantages-of-online-payments\/\">Online payments<\/a> have become a necessary part of each transaction. As a result, knowing its process is critical. For any transaction a minimum of two parties must be involved.<\/p>\r\n<p>The transaction originator is one, while the recipient is another. To understand better, two parties are involved in a transaction: the customer and the seller. When a transaction occurs between two parties, the payment gateway handles the transaction.<\/p>\r\n\r\n\r\n\r\n<p>The payment gateway encrypts and collects all required information from the payment initiator about their account details, such as the name of the account holder, CVV, expiry date on the card, and account number if the payment is made with a card, and transmits this information to the receiver&#8217;s bank. As a result, the initiator may make payment, and the receiver can get the funds in their bank account without difficulty.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>The payment gateway enables online transactions involving a card or any other method provided by the payment servicing firm and authorized by the bank. Furthermore, a <strong>payment gateway<\/strong> is engaged when a payment is made using a card or other payment modalities.<\/p>\r\n\r\n\r\n\r\n<p>A payment gateway is essential in every online transaction, and there are several sorts of payment gateways from which you can pick one that best fits your business needs. It is about the amount of security desired before processing any payment.<\/p>\r\n<p>The payment gateway&#8217;s two-dimensional security will not include an authentication step. In contrast, the payment gateway&#8217;s three-dimensional security requires authentication before proceeding with transactions.<\/p>\r\n<p>NTT DATA Payment Services provides its clients with the best payment gateway solutions. <a href=\"https:\/\/www.nttdatapay.com\/\" target=\"_blank\" rel=\"noopener\">NTT DATA Payment Service<\/a>s offers innovative services to various sectors and facilitates payment. Debit cards, credit cards, challan, net banking, NEFT\/RTGS, UPI, EMI, Bharat QR, and many more payment gateway options are available through NTT DATA Payment Services, which also offers multi-bank EMI, several payment methods, a rapid retry option, and invoice payment.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\">What are the Differences Between PSPs and Payment Gateways?<\/h2>\r\n\r\n\r\n\r\n<p>A payment service provider (PSP) provides merchandiser accounts to a set of merchandisers and helps the merchandiser with the transaction procedures but does not participate in the merchandiser funding process. A payment gateway is a process that transmits data transfers between a merchandiser and the payment initiator.<\/p>\r\n\r\n\r\n\r\n<figure class=\"wp-block-table\">\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td>\u00a0<\/td>\r\n<td><strong>Payment service providers (PSPs)<\/strong><\/td>\r\n<td><strong>Payment gateway<\/strong><\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>How it works<\/strong><\/td>\r\n<td>The merchant can choose a Payment Service Provider (PSP) to handle his online payments, including debit and credit card purchases and other purchases using different payment modes.<\/td>\r\n<td>A payment gateway is a process that acts as an interface between the payment initiator&#8217;s bank and the receiver&#8217;s bank. Banks use it to transport transaction data from the merchandiser to the acquiring bank.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Operates\u00a0<\/strong><\/td>\r\n<td>A payment service provider operates behind a transaction by enabling the exchanges.<\/td>\r\n<td>A payment gateway operates directly with customer intercommunication.<\/td>\r\n<\/tr>\r\n<tr>\r\n<td><strong>Transmission\u00a0<\/strong><\/td>\r\n<td>When the payment is initiated, the process starts from the details sent to PSP\u2192 card network\u2192 bank which issues the card\u2192 Bank verification regarding the balance\u2192 card network\u2192 PSP\u2192 to both the payment initiator and the receiver about the payment.<\/td>\r\n<td>The payment gateway is the process which transmits the details throughout the process and enables a successful payment process.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/figure>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">Conclusion<\/h3>\r\n\r\n\r\n\r\n<p>To conclude, a payment service provider (PSP) provides <a href=\"https:\/\/in.nttdatapay.com\/blog\/difference-between-a-payment-gateway-and-a-merchant-account\/\">merchant accounts<\/a> to a set of merchants and aids them with transaction processes but will not be involved in the financing process. A payment gateway is a process that transports data between a receiver and the payment initiator. Thus this article clearly explains and answers the question: What are the<strong> Differences Between PSPs and Payment Gateways<\/strong>?<\/p>\r\n\r\n\r\n\r\n<p><strong>NTT DATA Payment Services<\/strong> is both a Payment Service Provider and a payment gateway that assists in the secure and fast transaction of payments between the payment initiator and the receiver. It helps merchandisers to keep track of all payments made for future reference or to create invoices. NTT DATA Payment Services India has helped more than six million merchants with an annual transaction value of eight hundred million dollars.<\/p>\r\n<table>\r\n<tbody>\r\n<tr>\r\n<td style=\"text-align: center;\"><em>Also, you can get frequent updates on <a href=\"https:\/\/www.instagram.com\/nttdatapayments\/\" target=\"_blank\" rel=\"noopener\">nttdatapayments<\/a> Instagram page.<\/em><\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<h2 style=\"text-align: left;\">PSPs and Payment Gateways: FAQs<\/h2>\r\n<h4><strong>1. What is the difference between payment service provider and payment gateway provider?<\/strong><\/h4>\r\n<p>The payment service provider works behind the scenes to support the transactions while the gateway acts only as a direct line of communication between customers. By delivering financial information between the gateway and the merchant account, the provider guarantees that all transactions are processed fast and effectively.<\/p>\r\n<h4><strong>2. Is UPI a payment gateway?<\/strong><\/h4>\r\n<p>Yes, UPI (Unified Payments Interface) is a payment gateway that allows for real-time bank-to-bank transfers and payments in India via a website or mobile app.<\/p>\r\n<h4><strong>3. Is a PSP and a payment processor the same?<\/strong><\/h4>\r\n<p>A <a href=\"https:\/\/in.nttdatapay.com\/blog\/what-is-a-third-party-payment-processor-a-detailed-guide\/\">payment processor<\/a> acts as an intermediary for an online retailer and card acquirers or banks. A PSP, on the other hand, offers a comprehensive service that includes both technical payment processing and money collecting.<\/p>\r\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>This article will answer the question: What are the differences between PSPs and payment gateways? And elaborate these both individually too. 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