diff --git a/Cargo.lock b/Cargo.lock
index 94d137885d..d9999a69ad 100644
--- a/Cargo.lock
+++ b/Cargo.lock
@@ -2767,7 +2767,7 @@ dependencies = [
 [[package]]
 name = "opentelemetry"
 version = "0.18.0"
-source = "git+https://github.com/open-telemetry/opentelemetry-rust?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
+source = "git+https://github.com/open-telemetry/opentelemetry-rust/?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
 dependencies = [
  "opentelemetry_api",
  "opentelemetry_sdk",
@@ -2776,7 +2776,7 @@ dependencies = [
 [[package]]
 name = "opentelemetry-otlp"
 version = "0.11.0"
-source = "git+https://github.com/open-telemetry/opentelemetry-rust?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
+source = "git+https://github.com/open-telemetry/opentelemetry-rust/?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
 dependencies = [
  "async-trait",
  "futures",
@@ -2793,7 +2793,7 @@ dependencies = [
 [[package]]
 name = "opentelemetry-proto"
 version = "0.1.0"
-source = "git+https://github.com/open-telemetry/opentelemetry-rust?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
+source = "git+https://github.com/open-telemetry/opentelemetry-rust/?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
 dependencies = [
  "futures",
  "futures-util",
@@ -2805,7 +2805,7 @@ dependencies = [
 [[package]]
 name = "opentelemetry_api"
 version = "0.18.0"
-source = "git+https://github.com/open-telemetry/opentelemetry-rust?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
+source = "git+https://github.com/open-telemetry/opentelemetry-rust/?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
 dependencies = [
  "fnv",
  "futures-channel",
@@ -2820,7 +2820,7 @@ dependencies = [
 [[package]]
 name = "opentelemetry_sdk"
 version = "0.18.0"
-source = "git+https://github.com/open-telemetry/opentelemetry-rust?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
+source = "git+https://github.com/open-telemetry/opentelemetry-rust/?rev=44b90202fd744598db8b0ace5b8f0bad7ec45658#44b90202fd744598db8b0ace5b8f0bad7ec45658"
 dependencies = [
  "async-trait",
  "crossbeam-channel",
diff --git a/crates/api_models/src/payments.rs b/crates/api_models/src/payments.rs
index db2c7bd66a..f820c3bfa4 100644
--- a/crates/api_models/src/payments.rs
+++ b/crates/api_models/src/payments.rs
@@ -728,6 +728,23 @@ pub enum PaymentIdType {
     PaymentAttemptId(String),
 }
 
+impl std::fmt::Display for PaymentIdType {
+    fn fmt(&self, f: &mut std::fmt::Formatter<'_>) -> std::fmt::Result {
+        match self {
+            Self::PaymentIntentId(payment_id) => {
+                write!(f, "payment_intent_id = \"{payment_id}\"")
+            }
+            Self::ConnectorTransactionId(connector_transaction_id) => write!(
+                f,
+                "connector_transaction_id = \"{connector_transaction_id}\""
+            ),
+            Self::PaymentAttemptId(payment_attempt_id) => {
+                write!(f, "payment_attempt_id = \"{payment_attempt_id}\"")
+            }
+        }
+    }
+}
+
 impl Default for PaymentIdType {
     fn default() -> Self {
         Self::PaymentIntentId(Default::default())
diff --git a/crates/router/src/core/payments.rs b/crates/router/src/core/payments.rs
index 4bfb173de0..9cf54c5316 100644
--- a/crates/router/src/core/payments.rs
+++ b/crates/router/src/core/payments.rs
@@ -9,7 +9,7 @@ use std::{fmt::Debug, marker::PhantomData, time::Instant};
 use api_models::payments::Metadata;
 use error_stack::{IntoReport, ResultExt};
 use futures::future::join_all;
-use router_env::tracing;
+use router_env::{instrument, tracing};
 use time;
 
 pub use self::operations::{
@@ -38,6 +38,7 @@ use crate::{
     utils::{Encode, OptionExt, ValueExt},
 };
 
+#[instrument(skip_all, fields(payment_id, merchant_id))]
 pub async fn payments_operation_core<F, Req, Op, FData>(
     state: &AppState,
     merchant_account: storage::MerchantAccount,
@@ -63,11 +64,13 @@ where
 {
     let operation: BoxedOperation<'_, F, Req> = Box::new(operation);
 
+    tracing::Span::current().record("merchant_id", merchant_account.merchant_id.as_str());
+
     let (operation, validate_result) = operation
         .to_validate_request()?
         .validate_request(&req, &merchant_account)?;
 
-    tracing::Span::current().record("payment_id", &format!("{:?}", validate_result.payment_id));
+    tracing::Span::current().record("payment_id", &format!("{}", validate_result.payment_id));
 
     let (operation, mut payment_data, customer_details) = operation
         .to_get_tracker()?
diff --git a/crates/router_env/Cargo.toml b/crates/router_env/Cargo.toml
index e91993c3e7..a7bca49ea5 100644
--- a/crates/router_env/Cargo.toml
+++ b/crates/router_env/Cargo.toml
@@ -40,3 +40,4 @@ default = ["actix_web"]
 actix_web = ["tracing-actix-web"]
 log_custom_entries_to_extra = []
 log_extra_implicit_fields = []
+log_active_span_json = []
diff --git a/crates/router_env/src/logger/formatter.rs b/crates/router_env/src/logger/formatter.rs
index 97351c8a89..a015f0e48e 100644
--- a/crates/router_env/src/logger/formatter.rs
+++ b/crates/router_env/src/logger/formatter.rs
@@ -13,7 +13,7 @@ use serde::ser::{SerializeMap, Serializer};
 use serde_json::Value;
 // use time::format_description::well_known::Rfc3339;
 use time::format_description::well_known::Iso8601;
-use tracing::{Event, Id, Metadata, Subscriber};
+use tracing::{Event, Metadata, Subscriber};
 use tracing_subscriber::{
     fmt::MakeWriter,
     layer::Context,
@@ -282,6 +282,7 @@ where
     }
 
     /// Serialize entries of span.
+    #[cfg(feature = "log_active_span_json")]
     fn span_serialize<S>(
         &self,
         span: &SpanRef<'_, S>,
@@ -407,14 +408,16 @@ where
         }
     }
 
-    fn on_enter(&self, id: &Id, ctx: Context<'_, S>) {
+    #[cfg(feature = "log_active_span_json")]
+    fn on_enter(&self, id: &tracing::Id, ctx: Context<'_, S>) {
         let span = ctx.span(id).expect("No span");
         if let Ok(serialized) = self.span_serialize(&span, RecordType::EnterSpan) {
             let _ = self.flush(serialized);
         }
     }
 
-    fn on_close(&self, id: Id, ctx: Context<'_, S>) {
+    #[cfg(feature = "log_active_span_json")]
+    fn on_close(&self, id: tracing::Id, ctx: Context<'_, S>) {
         let span = ctx.span(&id).expect("No span");
         if let Ok(serialized) = self.span_serialize(&span, RecordType::ExitSpan) {
             let _ = self.flush(serialized);