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It is a true alternative payment method that does not require the use of credit/debit cards or pre-registration at an online payment solution such as PayPal, thus bypassing banks and credit card companies altogether. This type of mobile payment method, which is prevalent in Asia, [citation needed] provides the following benefits:
Swish (Swedish pronunciation: or ) is a mobile payment system in Sweden.The service was launched in 2012 by six large Swedish banks, [1] [2] in cooperation with Bankgirot and the Central Bank of Sweden. [3]
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1]
Braintree was founded by Bryan Johnson in 2007. [2] By 2011, the company ranked 47th on Inc. magazine's annual list of the 500 fastest-growing companies.. In that year, Bill Ready joined the company as CEO. [3]
QR code payment has helped mobile payment become the most popular method of payments in China, accounting for 83% of all payments as of 2018. [8] Nearly all shops, street vendors, most metro systems , buses , and taxis in Mainland China accept either WeChat Pay , Alipay , or Cloud QuickPass for payment.
Apple Pay is a mobile payment service by Apple Inc. that allows users to make payments in person, in iOS apps, and on the web.Supported on iPhone, Apple Watch, iPad, Mac, and Vision Pro, Apple Pay digitizes and can replace a credit or debit card chip and PIN transaction at a contactless-capable point-of-sale terminal.
AT&T was founded as Bell Telephone Company by Alexander Graham Bell, Thomas Watson and Gardiner Greene Hubbard after Bell's patenting of the telephone in 1875. [23] By 1881, Bell Telephone Company had become the American Bell Telephone Company. [24]
eBay, PayPal, Kijiji and StubHub, 500 King Street West, Toronto, April 2014. PayPal Holdings, Inc. is an American multinational financial technology company operating an online payments system in the majority of countries that support online money transfers; it serves as an electronic alternative to traditional paper methods such as checks and money orders.
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