APMs or Alternative Payment Methods are defined as any form of payment other than cash or major card networks such as Mastercard, Visa, etc. The most popular alternative payment methods are prepaid cards, digital wallets, mobile payments, and BNPL (Buy Now Pay Later) loans.
A Banking as a Service provider can help provide online merchants and platforms with the tools needed to accept an ever-growing range of payment methods. Generally, the site or platform that accepts APMs pays a fee to integrate and offer this service to their customers.
Please contact EMBank for further information on the relevant services.