diff --git a/crates/common_enums/src/enums.rs b/crates/common_enums/src/enums.rs
index b3a76df3d0..d13789be0d 100644
--- a/crates/common_enums/src/enums.rs
+++ b/crates/common_enums/src/enums.rs
@@ -174,6 +174,8 @@ pub enum ConnectorType {
     BankingEntities,
     /// All types of non-banking financial institutions including Insurance, Credit / Lending etc
     NonBankingFinance,
+    /// Acquirers, Gateways etc
+    PayoutProcessor,
 }
 
 #[allow(clippy::upper_case_acronyms)]
diff --git a/openapi/openapi_spec.json b/openapi/openapi_spec.json
index d637dc6161..23d2d44031 100644
--- a/openapi/openapi_spec.json
+++ b/openapi/openapi_spec.json
@@ -3817,7 +3817,8 @@
           "fiz_operations",
           "networks",
           "banking_entities",
-          "non_banking_finance"
+          "non_banking_finance",
+          "payout_processor"
         ]
       },
       "CountryAlpha2": {