payment infrastructure
[/ˈpeɪmənt ˈɪnfrəstrʌktʃər/]
nounpl: payment infrastructures
infraestrutura de pagamentos
1. The set of systems, institutions, and technologies that enable the transfer of money between parties in economic transactions
A robust payment infrastructure is essential for e-commerce growth.
Uma infraestrutura de pagamentos robusta é essencial para o crescimento do comércio eletrônico.
2. The underlying framework comprising banks, payment processors, networks, and digital platforms that facilitate financial transactions
Brazil has invested heavily in modernizing its payment infrastructure.
O Brasil investiu pesadamente na modernização de sua infraestrutura de pagamentos.
Related Idioms & Phrases
digital payment infrastructure
real-time payment infrastructure
cross-border payment infrastructure
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