What is an aggregator?
An aggregator is an intermediary between a merchant and an acquirer. They are contracted by an acquirer to perform all or some of the following actions on behalf of the acquirer:
- Onboard merchants
- Process transactions under an aggregated identifier
- Settle transactions and ensure payouts to the merchants
The following are examples of aggregators:
- Bill payment providers
- Digital Wallet operators
- Marketplaces
- Payment facilitators
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