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APIs · head to head

Paymentology vs Toqio

Paymentology logo

Paymentology

APIs

Cloud issuer processing across emerging and developed markets

From
On request
Rated
-
Full reviewWebsite
Toqio logo

Toqio

APIs

No code platform for building embedded finance products on your own providers

From
On request
Rated
-
Full reviewWebsite

The short version

  • Each has a real cost: Paymentology paymentology processes but does not hold issuing licences, so every market still needs your own licence or a sponsor bank, which is usually the slowest and most expensive part of a launch.; Toqio toqio holds no licence and provides no sponsor bank, so you must find, contract and manage regulated providers yourself, which is the slowest part of any embedded finance launch.
  • They diverge on capability: Paymentology covers Global issuer processing, Toqio covers No code product builder.
  • Prices and features above were last checked on 1 September 2026.

Where they differ

Only the attributes on which Paymentology and Toqio actually diverge.

Attributes where Paymentology and Toqio differ
AttributePaymentologyToqio
PlatformsWeb, APIWeb, iOS, Android, API

Identical on both: starting price (On request), pricing model (quote), free tier (No), user rating (Not yet rated), category (APIs).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Paymentology

  • Global issuer processing
  • Real time transaction data
  • Virtual and physical issuance
  • Tokenisation
  • Multi currency and multi product
  • Card controls
  • Programme management tools
  • Fraud and risk integration

Only in Toqio

  • No code product builder
  • Provider orchestration
  • Account and card modules
  • Embedded financing
  • Back office tooling
  • Multi entity and multi brand
  • White label mobile apps
  • Marketplace of providers

What people use each for

The jobs each tool is most often brought in to do.

Paymentology

  • A neobank launching cards in an African or South East Asian market where hosted United States processors have no certificationnot Toqio
  • A mobile money operator adding a card product on top of an existing wallet basenot Toqio
  • A bank consolidating several regional card processors onto one platformnot Toqio
  • A fintech expanding an existing card programme into the Gulf without re platformingnot Toqio

Toqio

  • A manufacturer offering branded working capital finance to its dealer networknot Paymentology
  • A B2B marketplace launching accounts and cards for its sellers without becoming regulated itselfnot Paymentology
  • A corporate that wants to switch card issuer without rebuilding its customer facing productnot Paymentology
  • A group launching the same embedded finance product across several markets with different local providersnot Paymentology

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Paymentology

  • Paymentology processes but does not hold issuing licences, so every market still needs your own licence or a sponsor bank, which is usually the slowest and most expensive part of a launch.
  • Fees include per active card charges and monthly minimums, so a portfolio with many dormant cards pays for plastic that generates no interchange.
  • Certification, settlement and scheme relationships differ by country, so a multi market rollout is a series of separate projects rather than one integration.
  • As a processor it sits between your product and the networks, meaning outages and scheme mandate changes reach your cardholders through a party you do not control.
  • Documentation and developer self service are weaker than the United States hosted processors, so early integration depends heavily on Paymentology implementation staff.

Toqio

  • Toqio holds no licence and provides no sponsor bank, so you must find, contract and manage regulated providers yourself, which is the slowest part of any embedded finance launch.
  • Because it orchestrates rather than provides, the customer experience is only as good as the underlying bank or issuer, and Toqio cannot fix a partner's settlement delays or outages.
  • Pricing is quoted with no public rate card, so comparing it against building in house or against a bundled banking as a service provider requires a full sales process.
  • With around EUR 30 million raised in total it is a small supplier to underpin a financial product a large corporate expects to run for a decade, which raises real continuity questions in procurement.
  • No code configuration covers standard patterns well but bespoke customer journeys eventually require custom development, at which point the main advantage over building directly on provider APIs narrows.

Pricing, plan by plan

Paymentology

On request
  • Paymentology processing$undefined/year
    • Quoted per programme and per market
    • Typically per transaction and per active card fees plus a monthly minimum
    • Issuing licence or sponsor bank required in each market and not provided

Toqio

On request
  • Toqio platform$undefined/year
    • Quoted per customer, typically setup plus recurring platform fee
    • Regulated provider fees are separate and contracted by you
    • Card interchange and lending economics belong to your provider agreements

Which should you pick?

Choose Paymentology if

  • You need global issuer processing.
  • You work on Web, API.
  • You also want real time transaction data.
Paymentology review

Choose Toqio if

  • You need no code product builder.
  • You work on Web, iOS, Android, API.
  • You also want provider orchestration.
Toqio review

Questions people ask

Is Paymentology or Toqio better?
Neither clearly leads. Paymentology starts at On request and Toqio at On request, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Paymentology or Toqio?
Paymentology starts at On request and Toqio at On request.
Does Paymentology or Toqio run on more platforms?
Paymentology runs on Web, API. Toqio runs on Web, iOS, Android, API.
What is Paymentology best used for?
Paymentology is most often used for a neobank launching cards in an african or south east asian market where hosted united states processors have no certification, a mobile money operator adding a card product on top of an existing wallet base, a bank consolidating several regional card processors onto one platform, a fintech expanding an existing card programme into the gulf without re platforming. Of those, a neobank launching cards in an african or south east asian market where hosted united states processors have no certification and a mobile money operator adding a card product on top of an existing wallet base are not what Toqio is typically brought in for.
What can Paymentology do that Toqio cannot?
Paymentology covers Global issuer processing, Real time transaction data, Virtual and physical issuance, Tokenisation. Toqio covers No code product builder, Provider orchestration, Account and card modules, Embedded financing.

Answered from the vendors’ own pages

Paymentology: Does Paymentology provide the BIN and licence?

No. You need your own issuing licence or a sponsor bank in each market; Paymentology processes the transactions.

Toqio: Does Toqio provide the banking licence?

No, deliberately. You contract your own bank, issuer or lender, which is why you can replace them without rebuilding the product.

Paymentology: What is the actual pricing model?

Per transaction and per active card, with a monthly minimum. Dormant cards still cost, so model your activation rate.

Toqio: Who is it aimed at?

Large corporates and B2B ecosystem operators embedding finance for suppliers, dealers or marketplace sellers, not consumer fintech startups.

Paymentology: Why choose it over a United States issuer processor?

Network certification and live programmes in markets where those processors do not operate, which decides feasibility rather than preference.

Toqio: How much does it cost?

Not published. Expect a setup fee plus a recurring platform fee, with all regulated provider costs on top and separately contracted.

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