PayPal, Alipay, e-payment, e-commerce, Apple Pay, Google Pay, Digicash, digital wallet, application, online banking, WeChat, peer-to-peer, financial institution, startups, Lydia, Pumpkin, Paylib
E-payment or electronic payment is a means of conducting commercial transactions for the exchange of goods or services over the Internet. The focus on e-payment services that support B2C e-commerce transactions or P2P consumer-to-consumer electronic payments are innovations that enable a new service and system that differentiates from the traditional basic payments provided by the banking sector. At a time when the e-commerce market is literally exploding with double-digit growth rates, the challenges of online payments are crucial.
[...] First of all, ECash (1996) and Millicent (1995) are the main players in the electronic payment market. These companies offered as first online services, micropayment systems and electronic alternatives to cash, such as electronic money, tokens, or digital money. In 1994, Amazon was created, and became a pioneer in e-commerce. One of the most developed companies to specialize in online payments is PayPal. Founded in 1998, PayPal began as an online money transfer service in 1999 and has continued to innovate to become one of the leading electronic payment systems in the world today. [...]
[...] The youthful generation is even more receptive to dematerialized payments; last year percent of young people aged 18 to 24 years used a bank transfer. The younger generation is more prone to experiment with different payment options in order to stand out. In comparison to 10% of 25/34-year-olds of 18/24-year-olds had already paid with their cell phone of people said they'd like to use it to pay for things in the future. In addition of them want their phone to be their default payment method, compared to only 19% of 25/34-year-olds. [...]
[...] Lydia brings together the finest of mobile payments with the most important aspects of banking apps: Monitor all of your financial accounts, make bank transfers, set up online money pots, pay pals through text messages and emails, use Apple Pay, Samsung Pay, or QR code services, schedule payments . Pumpkin Pumpkin is an instant, free and 100% secure peer-to-peer payment and reimbursement application. Users create an account in less than a minute, register their payment card and can then send or request money from anyone using their phone number. The application has attracted more than 1.2 million users, having already exchanged more than 420 million euros since its creation. [...]
[...] To make a transfer, simply provide the recipient's name, email address, or phone number using the platform. The sender's PayPal account will be deducted, while the recipient's PayPal account will be credited. Friendship money transactions are free. PayPal, on the other hand, takes a commission on service purchases and other transactions. The ability to create and send company invoices is another function of PayPal. As a result, payments are more flexible because customers can pay in installments. All of PayPal's services are available on both a computer and a mobile device. [...]
[...] For Chinese people, Alipay (or its competitor WeChat Pay) is a must-have. The Technological infrastructure Confinity began as a security software for mobile devices and was created in 1998. The united firm was renamed PayPal after its service that allowed users to "transfer" money between mobile devices and via email after it merged with X.com Online Banking and with its combined strengths. PayPal was founded on peer-to-peer (P2P) technology. P2P refers to a peer-to-peer computer network paradigm in which computers send and receive data or files. [...]
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