Payments Architect Contracts

Payments Architect
UK

The median Payments Architect daily rate in the UK is £675 according to job vacancies posted during the 6 months to 9 May 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
9 May 2024
Same period 2023 Same period 2022
Rank 571 672 816
Rank change year-on-year +101 +144 -141
Contract jobs requiring a Payments Architect 20 33 31
As % of all contract jobs advertised in the UK 0.046% 0.057% 0.036%
As % of the Job Titles category 0.050% 0.060% 0.037%
Number of daily rates quoted 9 26 18
10th Percentile £550 £563 -
25th Percentile £613 £603 £500
Median daily rate (50th Percentile) £675 £725 £613
Median % change year-on-year -6.90% +18.37% +2.08%
75th Percentile £713 £766 £700
90th Percentile £756 £813 £727
UK excluding London median daily rate £713 £750 -
% change year-on-year -4.97% - -

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 39,936 54,901 83,261
% of contract IT jobs with a recognized job title 92.75% 94.65% 95.44%
Number of daily rates quoted 25,997 38,348 58,485
10th Percentile £280 £313 £313
25th Percentile £410 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +10.53%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £490 £500 £475
% change year-on-year -2.00% +5.26% +11.76%
Number of hourly rates quoted 2,673 1,536 2,031
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.25 £19.06 £15.75
Median hourly rate £36.65 £45.00 £23.91
Median % change year-on-year -18.56% +88.21% +6.27%
75th Percentile £61.30 £65.75 £49.25
90th Percentile £72.90 £76.13 £64.25
UK excluding London median hourly rate £40.00 £42.43 £19.67
% change year-on-year -5.73% +115.78% +3.50%

Payments Architect
Job Vacancy Trend

Job postings that featured Payments Architect in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Payments Architect in the UK

Payments Architect
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Payments Architect.

Daily rate trend for Payments Architect in the UK

Payments Architect
Daily Rate Histogram

Daily rate distribution for jobs citing Payments Architect over the 6 months to 9 May 2024.

Daily rate histogram for Payments Architect in the UK

Payments Architect
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Payments Architect within the UK over the 6 months to 9 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +110 17 £675 -6.90% 1
Work from Home +118 11 £625 -10.71%
London +81 11 £675 -6.90%
UK excluding London +48 5 £713 -4.97% 1
North of England - 4 £751 - 1
North West - 4 £751 - 1
West Midlands - 2 - -
Midlands - 2 - -
East of England - 1 £675 -

Payments Architect Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 9 May 2024, Payments Architect contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Payments Architect in the job title.

1 9 (45.00%) Banking
2 6 (30.00%) PCI DSS
2 6 (30.00%) Finance
2 6 (30.00%) Microservices
3 5 (25.00%) Architectural Design
3 5 (25.00%) Agile
3 5 (25.00%) Roadmaps
4 4 (20.00%) Retail
4 4 (20.00%) PSD2
4 4 (20.00%) Digital Wallet
4 4 (20.00%) API Design
5 3 (15.00%) API Integration
5 3 (15.00%) ArchiMate
5 3 (15.00%) Social Skills
5 3 (15.00%) Enterprise Architecture
5 3 (15.00%) Data Protection
5 3 (15.00%) Stakeholder Management
5 3 (15.00%) Business Strategy
6 2 (10.00%) Customer Experience
6 2 (10.00%) E-Commerce
6 2 (10.00%) Data Modelling
6 2 (10.00%) B2B
6 2 (10.00%) TOGAF
6 2 (10.00%) Domain-Driven Design
6 2 (10.00%) RESTful
6 2 (10.00%) Azure
6 2 (10.00%) AWS
6 2 (10.00%) Waterfall
6 2 (10.00%) FIDO
6 2 (10.00%) PayPal

Payments Architect Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Business Applications
1 2 (10.00%) Payment Gateway
Cloud Services
1 2 (10.00%) AWS
1 2 (10.00%) Azure
1 2 (10.00%) Azure DevOps
1 2 (10.00%) Stripe
2 1 (5.00%) SaaS
Database & Business Intelligence
1 1 (5.00%) NoSQL
General
1 9 (45.00%) Banking
2 6 (30.00%) Finance
3 4 (20.00%) Retail
4 3 (15.00%) Social Skills
5 1 (5.00%) Back Office
5 1 (5.00%) Corporate Banking
5 1 (5.00%) Financial Institution
5 1 (5.00%) Front Office
Libraries, Frameworks & Software Standards
1 2 (10.00%) FIDO
1 2 (10.00%) RESTful
Miscellaneous
1 4 (20.00%) Digital Wallet
2 2 (10.00%) Contactless
2 2 (10.00%) Mobile Payment
3 1 (5.00%) Cloud Native
3 1 (5.00%) Data Structures
3 1 (5.00%) Foreign Exchange (FX)
3 1 (5.00%) Mainframe
Processes & Methodologies
1 6 (30.00%) Microservices
2 5 (25.00%) Agile
2 5 (25.00%) Architectural Design
2 5 (25.00%) Roadmaps
3 4 (20.00%) API Design
4 3 (15.00%) API Integration
4 3 (15.00%) ArchiMate
4 3 (15.00%) Business Strategy
4 3 (15.00%) Data Protection
4 3 (15.00%) Enterprise Architecture
4 3 (15.00%) Stakeholder Management
5 2 (10.00%) B2B
5 2 (10.00%) Customer Experience
5 2 (10.00%) Data Modelling
5 2 (10.00%) Domain-Driven Design
5 2 (10.00%) E-Commerce
5 2 (10.00%) Kanban
5 2 (10.00%) Machine Learning
5 2 (10.00%) TOGAF
5 2 (10.00%) Waterfall
Programming Languages
1 1 (5.00%) Java
Quality Assurance & Compliance
1 6 (30.00%) PCI DSS
2 4 (20.00%) PSD2
3 2 (10.00%) GDPR
3 2 (10.00%) SEPA
4 1 (5.00%) ISO/IEC 27001
Vendors
1 2 (10.00%) PayPal
2 1 (5.00%) Pegasus
2 1 (5.00%) Splunk