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PayPal Holdings, Inc. is an American company operating a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. The company operates as a payment processor for online vendors, auction sites, and many other commercial users, for which it charges a fee in exchange for benefits such as one-click transactions and password memory.
Mobile payment generally refer to payment services operated under financial regulation and performed from or via a mobile device. Instead of paying with cash, cheque, or credit cards, a consumer can use a mobile to pay for a wide range of services and digital or hard goods. Although the concept of using non-coin-based currency systems has a long history, it is only in the 21st century that the technology to support such systems has become widely available.
A transaction account, also called a checking account, chequing account, current account, demand deposit account, or share draft account at credit unions, is a deposit account held at a bank or other financial institution. It is available to the account owner "on demand" and is available for frequent and immediate access by the account owner or to others as the account owner may direct. Access may be in a variety of ways, such as cash withdrawals, use of debit cards, cheques (checks) and electronic transfer. In economic terms, the funds held in a transaction account are regarded as liquid funds. In accounting terms they are considered as cash.
Digital currency is a type of currency available in digital form. It exhibits properties similar to physical currencies, but can allow for instantaneous transactions and borderless transfer-of-ownership. Examples include virtual currencies, cryptocurrencies, and central bank digital currency. These currencies may be used to buy physical goods and services, but may also be restricted to certain communities such as for use inside an online game.
Mobile banking is a service provided by a bank or other financial institution that allows its customers to conduct financial transactions remotely using a mobile device such as a smartphone or tablet. Unlike the related internet banking it uses software, usually called an app, provided by the financial institution for the purpose. Mobile banking is usually available on a 24-hour basis. Some financial institutions have restrictions on which accounts may be accessed through mobile banking, as well as a limit on the amount that can be transacted. Mobile banking is dependent on the availability of an internet or data connection to the mobile device.
Network for Electronic Transfers or more commonly known as NETS; is a Singaporean electronic payment service provider founded in 1985 by a consortium of local banks to establish the debit network and drive the adoption of electronic payments in Singapore. It is owned by DBS Bank, OCBC Bank and United Overseas Bank (UOB).
Google Pay Send, previously known as Google Wallet, was a peer-to-peer payments service developed by Google before its merger into Google Pay. It allowed people to send and receive money from a mobile device or desktop computer at no cost to either sender or receiver.
Euronet Worldwide is an American provider of electronic payment services with headquarters in Leawood, Kansas. It offers automated teller machines (ATM), point of sale (POS) services, credit/debit card services, currency exchange and other electronic financial services and payments software. Among others, it provides the prepaid subsidiaries Transact, PaySpot, e-pay, Movilcarga, TeleRecarga and ATX.
Payment and settlement systems in India are payment and settlement systems in India for financial transactions. They are covered by the Payment and Settlement Systems Act, 2007, legislated in December 2007 and regulated by the Reserve Bank of India and the Board for Regulation and Supervision of Payment and Settlement Systems.
The National Payments Corporation of India is an umbrella organisation for operating retail payments and settlement systems in India.
Co-operative Bank Ltd. is one of Myanmar's oldest and largest commercial banks. It became the first bank in Myanmar to issue ATM cards and credit cards. The bank, led by U Khin Mg Aye (Chairman) and U Kyaw Lynn (CEO) has over 200 branches across the country.
Venmo is a mobile payment service owned by PayPal. Venmo account holders can transfer funds to others via a mobile phone app; both the sender and receiver have to live in the U.S. It handled $12 billion in transactions in the first quarter of 2018. Venmo was launched in 2009 targeting the use case of friends splitting bills, e.g. for movies, dinner, rent, tickets, etc.
Zelle is a United States-based digital payments network owned by Early Warning Services, a private financial services company owned by the banks Bank of America, BB&T, Capital One, JPMorgan Chase, PNC Bank, US Bank, Citibank and Wells Fargo. The Zelle service enables individuals to electronically transfer money from their bank account to another registered user's bank account using a mobile device or the website of a participating banking institution.
Revolut Ltd is a British financial technology company that offers banking services including GBP and EUR bank accounts, a prepaid debit card, fee-free currency exchange, stock trading, cryptocurrency exchange and peer-to-peer payments. The Revolut mobile app supports spending and ATM withdrawals in 120 currencies and sending in 29 currencies directly from the app. It also provides customers access to cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), and XRP by exchanging to or from 25 fiat currencies.
MauBank is a bank headquartered in Ebene CyberCity, Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the country's central bank and the nation's banking regulator. MauBank is the third largest bank in Mauritius. It offers a full range of financial services to private and corporate clients, wealthy individuals, companies, public and financial institutions. The activities are divided into different business lines: Retail & Private Banking, Corporate Banking, International Banking, Wealth Management, Insurance services, SME Banking and Leasing. MauBank maintain a network of 19 branches, including one in Rodrigues island, the bank also provides basic banking services across the 102 Post offices operated by Mauritius Post Ltd. MauBank is wholly owned by the Government of Mauritius, as at 2019 the government announced its intention of finding a strategic partner to expand the activities of the bank. MauBank's strategic decisions are taken by its Board of Directors, headed by the Chairman. Premchand Mungar serves as the Chief Executive Officer.
Monzo Bank Ltd, is a neobank based in the United Kingdom. Originally operating through a mobile app and a prepaid debit card, in April 2017 its UK banking licence restrictions were lifted, enabling it to offer a current account. Monzo was one of the earliest of a number of new app-based challenger banks in the UK. As of September 2019, Monzo has 3 million customers
ALAT also known as ALAT by Wema is a digital bank based in Nigeria. The bank is branchless and paperless.
Dinarak is a mobile wallet, money transfer, electronic bill payment, funds disbursement service, licensed by the Central Bank of Jordan under the jomopay national switch and launched in late 2015 as Dinarak wallet as part of the Jordanian central bank's efforts to advocate financial inclusion for the un-banked segment of the Jordanian population. Dinarak allows users to deposit, withdraw, transfer money and pay for goods and services via their mobile phone. The service can be accessed by Dinarak mobile applictaion.
Cash App is a mobile payment service developed by Square, Inc., allowing users to transfer money to one another using a mobile phone app. As of February 18, 2018, the service recorded 7 million active users.
PayMe is a mobile payment service from HSBC, currently available only for Hong Kong users with local phone numbers and banks. Users can pay businesses, transfer money to one another using a mobile app, linked to their credit card or bank account.
References
- ↑ "My.t money caracole en tête des classements des applications mobile". Inside News. 1 September 2019. Retrieved 2020-02-23.
- ↑ "Application Mobile: La MauBank lance WithMe". Le Mauricien . 10 November 2018. Retrieved 23 February 2020.
- ↑ "Fintech: Fusion of finance and new technology drives digital success". The Japan Times . 29 August 2019. Retrieved 23 February 2020.
- ↑ "La MauBank lance son application mobile". Le Défi Media Group . 10 November 2018. Retrieved 24 February 2020.
- ↑ "Innovation : MauBank lance sa nouvelle application mobile WithMe". Le Défi Media Group . Retrieved 24 February 2020.
- ↑ "Sudheer Prabhu, Chief Information and Digital Officer, Maubank: "We are swiftly changing our strategies"". Investors Mag. 18 June 2019. Retrieved 24 February 2020.
- ↑ "MauBank's digital transformation". Africa Business Chief. 16 October 2018. Retrieved 23 February 2020.
- ↑ "Chief Information and Digital Officer Sudheer Prabhu is the man taking MauBank's digital transformation strategy forward…". Gigabitmagazine. 10 November 2018. Retrieved 23 February 2020.
- ↑ "WithMe, la nouvelle application mobile de MauBank". ict.io. 13 November 2018. Retrieved 24 February 2020.
- ↑ "MauBank Ltd : arrêt temporaire sur l'application mobile MauBank WithMe et ATMs". Maurice Actu. 6 March 2019. Retrieved 24 February 2020.
- ↑ "La MauBank lance l'application mobile MauBankWithMe". ION News. 7 November 2018. Retrieved 24 February 2020.
- ↑ "MauBank WithMe". MauBank . Retrieved 2020-02-23.
- ↑ "MauBank WithMe". Google Play . Retrieved 23 February 2020.
