Top 10 Online Payment platforms

March 07, 2024 | Editor: Sandeep Sharma


Online Payment systems allow to send and receive money via the Internet.
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PayPal is an international e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as cheques and money orders. PayPal is the faster, safer way to send money, make an online payment, receive money or set up a merchant account.
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With Google Pay, you can simply unlock your phone like you normally do, place it near a merchant’s contactless terminal, and you’re good to go. Google Pay does all the heavy lifting. You don’t even need to open an app—just tap and go. You’ll also see a payment confirmation and get transaction details right on your phone.
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Apple Pay will change how you pay with breakthrough contactless payment technology and unique security features built right into the devices you have with you every day. So you can use your iPhone to pay in a simple, secure, and private way.
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Venmo is a service of PayPal that allows to make and share payments. Venmo uses bank-grade security systems and data encryption to protect you and prevent against any unauthorized transactions or access to your personal or financial information. Sending money on Venmo is completely free as long as you use a bank account, supported debit card, or Venmo balance to fund your payments.
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Payoneer is a financial services provider that provides online money transfer and e-commerce payment services. Payoneer is a registered Member Service Provider of MasterCard worldwide.
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Enter how much you're transferring and where to. You can send to your own account abroad or another person or business. Banks charge a lot for overseas transfers. We don't. Transfer money abroad easily and quickly with our low cost money transfers.
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Skrill (formerly Moneybookers) is a global e-commerce business that allows payments to be made through the Internet. Our worldwide payment network lets businesses extend their reach globally with over 100 local payment options. We already meet the needs of over 156,000 businesses with everything from a simple one-step integration to a fully-tailored payment solution.
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Revolut Ltd is a UK financial technology company that offers banking services including a prepaid debit card, fee free currency exchange, commission free stock trading, cryptocurrency exchange and peer-to-peer payments.
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Millions of Amazon customers can login and pay on your website with their stored account information on Amazon.com. Login and Pay with Amazon can help you add new customers, increase sales and turn casual browsers into buyers. It’s fast, easy and trusted — leverage the Amazon brand to grow your business.
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Zelle is a United States-based digital payments network. It enables individuals to electronically transfer money from their bank account to another registered user's bank account (within the United States) using a mobile device or the website of a participating banking institution.
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WebMoney Transfer - smart solution for internet business. It is a multifunctional payment tool that provides secure and immediate transactions online. WebMoney Transfer Technology is based on providing all its users with unique interfaces that allow to operate and control individual property rights for valuables (assets), stored at the specialized entities — the Guarantors.
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Popmoney is an easy, fast and secure online personal payment service that lets you send, request and receive money directly from your bank account. Simple and secure. Available here at Popmoney.com or directly from your bank's website.
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Paytm is India’s largest mobile commerce platform. Paytm started by offering mobile recharge and utility bill payments and today it offers a full marketplace to consumers on its mobile apps. We have over 20mn registered users. In a short span of time Paytm has scaled to more than 15 Million orders per month.
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Samsung’s mobile payments app that uses both near-field communications (NFC) and magnetic secure transmission (MST) technology. It’s brought MasterCard and Visa to the table as partners along with four of the largest card-issuing banks: JP Morgan Chase, Bank of America, Citi and US Bank.
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Meta Pay provides people with a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp. Meta Pay supports most major credit and debit cards as well as PayPal.
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CurrencyFair - cheap, fast and secure international bank transfers. Send funds to our client account using a free and quick local transfer. Avoid costly foreign exchange fees when sending money abroad - 90% cheaper than banks
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Open source P2P money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.
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Microsoft Pay is a mobile payment and digital wallet service by Microsoft that lets users make payments and store loyalty cards on certain devices. Add your credit or debit cards, or your PayPal info, to your Microsoft account. Your shipping details are also securely stored so there’s no need to enter your info each time you shop online—Microsoft Pay fills it in for you.

Latest news about Online Payment platforms


2024. PayPal to pilot new AI-powered updates including Smart Receipts



PayPal is incorporating AI-driven personalization features. Among the introduced enhancements is the "CashPass" cash-back program, known as "Smart Receipts," which offers personalized recommendations, improved checkout and guest experiences. Additionally, the company is rolling out Venmo improvements tailored for small businesses and a new merchant offers platform. The CashPass feature within the app provides customers with access to a multitude of personalized cash-back offers, utilizing AI to curate recommendations based on individual shopping behaviors. Users can easily click on preferred offers, shop at the respective brand, and complete transactions using PayPal. The app will regularly present new offers, encouraging users to check for updates frequently.


2023. PayPal launches PYUSD stablecoin for payments and transfers



PayPal revealed its own stablecoin, named PayPal USD (PYUSD), designed for facilitating payments and transfers. Issued by Paxos Trust Company, PYUSD is secured by U.S. dollar deposits, short-term U.S. Treasuries, and comparable cash equivalents. The stablecoin's gradual rollout to U.S. customers represents a groundbreaking move by a major U.S. financial institution. Eligible U.S. PayPal users can now engage in various transactions using PYUSD, such as transferring it between PayPal and compatible external wallets, making person-to-person payments, funding purchases at checkout, and converting supported cryptocurrencies to and from PYUSD. PayPal emphasizes transparency by disclosing exchange rates and associated fees during cryptocurrency transactions, including crypto checkouts.




2022. Facebook Pay rebrands to Meta Pay



Facebook Pay has undergone a rebranding and is now officially known as Meta Pay. Despite the name change, the existing product features and user experience that individuals are familiar with from Facebook Pay will remain consistent across Facebook, Instagram, WhatsApp, and Messenger platforms. The transition will initially take place in the United States and subsequently expand globally in a phased approach. Mark Zuckerberg has stated that while the service itself will remain unchanged, the rebranding signifies Meta's initial stride towards developing a digital wallet for the metaverse. He envisions a digital wallet within the metaverse that enables users to securely manage their identities, possessions, and payment methods.


2020. PayPal to let buying and selling cryptocurrencies



PayPal has received a conditional BitLicense from the New York State Department of Financial Services and has collaborated with cryptocurrency company Paxos to introduce a new service. This development enables PayPal users in the United States to purchase, hold, and sell cryptocurrencies. Additionally, PayPal has plans to expand this service to more countries in the future. Initially, the supported cryptocurrencies will include Bitcoin, Ethereum, Bitcoin Cash, and Litecoin. Users will have the ability to connect their PayPal accounts to engage in buying and selling cryptocurrencies.


2020. Facebook unveiled e-wallet Novi for Calibra e-currency



When Facebook initially introduced its cryptocurrency project, Libra, it comprised two distinct entities: the Libra Association, a not-for-profit organization responsible for overseeing all aspects of Libra, and Calibra, a subsidiary of Facebook focused on developing a Libra-based wallet integrated into WhatsApp and Messenger. Today, Facebook has announced a new name for Calibra—Novi. By rebranding Calibra as Novi, Facebook aims to emphasize that the Libra project is not exclusively a Facebook venture. Facebook is merely a member of the Libra Association, which consists of numerous other participants, including Andreessen Horowitz, Coinbase, Iliad, Lyft, Shopify, Spotify, Uber, and many more.


2020. Facebook-backed association revamps Libra following regulatory concerns



The Libra Association, the consortium established by Facebook to oversee all aspects of Libra, has made revisions to its white paper, incorporating certain changes. The association has decided to abandon its initial plan of creating a worldwide stablecoin directly linked to a combination of fiat currencies and securities. Instead, the Libra Association intends to introduce multiple stablecoins, each backed by a specific fiat currency, such as USD, EUR, GBP, or SGD. While there will still be a multi-currency Libra "coin," it will not function as a conventional cryptocurrency. Rather, it will be a digital composition comprising those individual currency-backed stablecoins. Consequently, when you transfer one Libra, you will essentially be sending a portion of USD-backed, EUR-backed, GBP-backed, and so forth, stablecoins.


2018. PayPal integrates with Gmail and other Google services



Earlier this year, Google consolidated its payment services into a unified platform called Google Pay, aiming to streamline transactions across its ecosystem and encourage increased usage. Building upon this, Google has now announced a significant integration with PayPal. Users who link their PayPal accounts to their Google Play accounts will have the convenience of making payments and settling bills through PayPal without the need for separate logins or leaving Google services. This deep integration, expected to launch later this year, will encompass popular apps such as Gmail, YouTube, Google Store, and any services utilizing Google Pay. Not only will it support payments, but it will also facilitate peer-to-peer transfers. This collaboration aims to enhance user experience, making transactions seamless and effortless within the Google ecosystem.


2018. PayPal acquired Square of Europe - iZettle



PayPal is making a significant move to strengthen its position in point-of-sale transactions, small businesses, and international markets, aiming to compete with Square, Stripe, and other payment providers. The company has officially announced its acquisition of iZettle, a Stockholm-based payments provider often referred to as the "Square of Europe," in an all-cash deal valued at $2.2 billion. Similar to Square, iZettle has successfully established a strong presence in the point-of-sale market by offering a card-reading dongle that seamlessly connects with smartphones or tablets. This has enabled smaller businesses, previously deterred by high card processing costs, to accept card payments. iZettle has also expanded its services to include various financial solutions for these businesses, ranging from inventory management to loans. By acquiring iZettle, PayPal aims to enhance its capabilities and broaden its reach in the evolving payment landscape.


2018. Microsoft Pay comes to Outlook.com



Microsoft Pay, Microsoft's alternative to Google Pay and Apple Pay, will soon be integrated into Outlook. This exciting development enables users to make direct payments for invoices received via email without leaving the Outlook platform or resorting to other apps or services. Microsoft plans to initially roll out this feature to a limited number of Outlook.com users in the upcoming weeks, followed by a broader release over the next few months. The company has announced that payment processors such as Stripe (through Stripe Connect) and Braintree will support the service, while billing and invoicing services including Zuora, FreshBooks, Intuit, Invoice2Go, Sage, Wave, and Xero will be among the first adopters of this feature.


2018. Android Pay becomes Google Pay



Google is consolidating its various payment tools into a unified platform known as Google Pay. The company is introducing the Google Pay app for Android, accompanied by new features aimed at establishing the payment service as widely accessible in both physical stores and online environments. The Google Pay home screen now displays nearby stores where Google Pay is accepted, providing users with relevant payment options. Furthermore, Google is launching a revamped version of the Google Wallet app, now renamed as Google Pay Send, which offers enhanced capabilities for sending and requesting money.


2017. PayPal acquired small business lending service Swift Financial



Global payments processing company PayPal has reached an agreement to acquire Swift Financial, a provider of working capital solutions for small business owners. This strategic acquisition will enhance PayPal's existing product, Working Capital, by providing advanced tools and capabilities. PayPal initially introduced its Working Capital offering for businesses in 2013. Since then, competitors such as Square and Kabbage have emerged, offering their own credit lines to small business customers. Recognizing this evolving landscape, PayPal has decided to acquire Swift Financial, aiming to strengthen its underwriting capabilities and expand the range of data it can leverage to evaluate the creditworthiness of its customers. This move will ultimately increase the amount of capital that PayPal can offer to its customers.


2017. PayPal launched small biz toolset Business in a Box


To attract more small business owners in the United States to its payments platform, PayPal has introduced a new service known as Business in Box. In collaboration with WooCommerce and Xero, PayPal offers a comprehensive suite of tools designed to assist merchants in effectively managing their online businesses. This inclusive service encompasses an online storefront, accounting tools, the option to apply for working capital through PayPal, and, of course, support for processing online or offline payments via PayPal. Business in Box primarily targets aspiring entrepreneurs who possess a clear vision for their offerings and business roadmap. Additionally, it caters to established brick-and-mortar businesses seeking to expand their operations to the online realm. By providing a robust set of resources, PayPal aims to facilitate the transition and success of both novice and established business owners in the digital landscape.


2017. PayPal teams up with Android Pay for mobile payments



PayPal and Google have jointly announced a collaboration aimed at enabling PayPal to extend its presence in both mobile applications and physical stores. This partnership entails integrating PayPal as a payment option within the Android Pay service, granting U.S. users the ability to make payments through PayPal for services such as Uber, as well as at various retailers including Walgreens, Dunkin' Donuts, and Subway. Initially, the integration with Android Pay will allow Android users to utilize their PayPal balance as a payment method. However, in the future, it will expand to encompass the cards that users have linked to their PayPal accounts.


2016. Samsung Pay gets in-app payments and Masterpass support



Mobile payment platform Samsung Pay has joined forces with Mastercard to integrate support for Masterpass, a digital wallet solution that securely stores users' payment and shipping information for effortless online transactions. This collaboration enhances the convenience of Samsung Pay by allowing users to retain all their bank cards virtually on their mobile devices and utilize them for contactless payments. The service is set to launch in early 2017, while U.S. Samsung Pay users can anticipate in-app payment support starting in November. By selecting Samsung Pay as their preferred payment method within compatible merchant apps, users can seamlessly complete transactions. Furthermore, the introduction of the Deals feature enables Samsung Pay to automatically identify nearby discounts and coupons available at various retail stores and restaurants, granting users the opportunity to instantly redeem these enticing offers.


2016. Payoneer raises $180 million for its global payments technology



Payoneer, a leading global provider of payment processing technologies, has secured $180 million in funding to fuel the expansion of its payment services. Despite already being profitable and having a substantial cash reserve, the infusion of capital will enable the company to double its product development and technical workforce, as stated by Scott Galit, the company's CEO. The global market for business payment processing is a significant industry in its own right, with companies like Payoneer, Adyen, Bluesnap, and PayU, all valued in the millions, diligently working on various aspects of the payment challenges faced by businesses engaged in international markets.


2016. Apple takes on PayPal with Apple Pay on the web



Apple has announced that Apple Pay will be introduced to the web in the upcoming fall. This means that Mac users will have the convenience of making online payments in Safari using the "Pay with Apple Pay" button. To authenticate their purchases, users can utilize Touch ID on their iPhone or Apple Watch. Previously, Apple Pay was only available for use in selected iOS apps and physical retail stores. Retail partners will be required to integrate Apple Pay into their checkout process, and Apple has already secured numerous merchants for the payment platform, including Target, Expedia, United Airlines, and more. In addition to this expansion, Apple has revealed plans to launch Apple Pay in Switzerland, France, and Hong Kong during the summer season.


2015. Samsung Pay Launches In The US



Samsung Pay, the payment service developed by the device manufacturer to compete with NFC-based payment systems such as Apple Pay and Android Pay, has now been launched in the United States after its initial release in South Korea. In South Korea, Samsung Pay experienced transaction volumes exceeding $30 million within the first month. This payments platform, built on technology acquired from LoopPay, grants Samsung a potential competitive advantage by not being limited solely to NFC-based payments. Instead, Samsung Pay offers users the flexibility to make payments using their Samsung smartphones through NFC technology, similar to Apple and Google's solutions, or by emulating a magnetic stripe card. This versatility is expected to give Samsung Pay an edge in the short term. Additionally, as payment terminals increasingly support EMV and NFC technology, Samsung Pay will also adapt and continue to function seamlessly with these advancements.


2015. Samsung and MasterCard to launch Samsung Pay together in Europe



Samsung and MasterCard have decided to expand their collaboration by introducing the mobile payment system Samsung Pay in Europe. Powered by LoopPay, a company acquired by Samsung earlier this year as a competitor to Apple Pay, Samsung Pay is set to launch in the United States shortly and has already begun trials in South Korea earlier this month. Smartphones equipped with Samsung Pay will utilize the MasterCard Digital Enablement Service (MDES), the same system employed by iPhone 6 and Apple Watch to enable contactless NFC payments. Notably, one significant distinction between Apple Pay and Samsung Pay is the latter's support for magnetic strip technologies (MST) in existing point-of-sale terminals. This enables retailers to utilize Samsung Pay without upgrading their equipment. Samsung has highlighted that MST compatibility allows it to potentially reach up to 30 million merchants worldwide, subject to the establishment of partnerships with payment providers.


2015. Payment processing company Stripe partners with Visa



Payment processing company Stripe has recently completed a financing round, resulting in a valuation of $5 billion. In addition to securing nearly $100 million in funding, the company has formed a partnership with Visa, aimed at collaborating on various initiatives, including digital transactions and security. Stripe has been actively pursuing its global expansion strategy, and this partnership with Visa will play a crucial role in that endeavor. By leveraging Visa's extensive international presence and expertise, Stripe intends to broaden its existing coverage of 20 countries. CEO and co-founder, Patrick Collison, emphasized the significance of this collaboration in expanding Stripe's reach and capabilities, as highlighted in The New York Times.


2015. PayPal acquired international money transfer company Xoom



PayPal has completed the acquisition of money transfer company Xoom for a total of $890 million. This strategic move enables PayPal to tap into the vast customer base of Xoom, expanding its reach in the international money transfer market. Xoom positions itself as a prominent player in the industry, offering individuals the ability to send money across borders. With recent expansions into countries like China and Pakistan, Xoom has gained popularity in various developing markets, which PayPal President Dan Schulman emphasized as a valuable advantage. This acquisition marks PayPal's first significant step following its announced separation from eBay, a decision that had been demanded by investors. The separation process is expected to be finalized later this year, while Xoom will continue its operations as a distinct entity within the PayPal organization.


2015. Apple rebrands Passbook to Wallet extends Apple Pay to UK



To align with the updated Apple Pay service, Apple has made the decision to rebrand the Passbook app as Apple Wallet. This name change aims to ensure relevancy and coherence between the two offerings. In addition to the ability to add traditional debit and credit cards, Apple Pay now enables users to include store cards, as well as loyalty and rewards cards, within the Apple Wallet. Retailers such as Kohl's, JC Penney, and BJ's will be among the first to offer compatibility with their own store credit cards through the Apple Pay platform. Moreover, Kohl's, Walgreens, and Dunkin Donuts are introducing rewards cards to the Apple Pay ecosystem. Notably, Apple Pay is expanding its reach to the United Kingdom, where it will soon be compatible with a vast majority of debit and credit cards, covering approximately 70 percent of the country's cards. Additionally, Apple has recently unveiled a partnership with Square, introducing a new card reader specifically designed for small businesses to accept payments via Apple Pay and credit card chip transactions (without support for card swipes).


2015. Google launched Android Pay in US



Google has introduced Android Pay, a service that enables users to make payments with a simple tap, whether in applications or physical stores. This new service also incorporates rewards programs for loyal customers. As for the existing Google Wallet service, it will undergo a transformation, serving as a platform for peer-to-peer money transfers, similar to Venmo or Square. Google is striving to catch up with Apple Pay, which made its debut in September 2014. One notable distinction between Google's latest offering and its initial payment product lies in the partnerships that have been forged. American Express, Visa, Mastercard, and Discovery are among the companies supporting Android Pay. Additionally, the system is compatible with over 700,000 stores in the United States that accept "contactless payments," as well as various applications from different companies.


2015. Money transfer service CurrencyFair raised €10 Million



Dublin-based startup CurrencyFair, specializing in money transfer and currency exchange, has secured an additional €10 million in funding. The company intends to utilize the extra capital to capitalize on the growing market demand for peer-to-peer currency transfer. With the emergence of numerous startups leveraging technology and reduced margins to provide alternatives to traditional banks and legacy foreign exchange (FX) companies like Western Union, CurrencyFair aims to expand its offerings to encompass a greater number of currency corridors. Currently, CurrencyFair focuses on facilitating money transfers between the United Kingdom, Europe, and the Asia-Pacific region. Notably, TransferWise, CurrencyFair's primary competitor, has also recently raised $58 million in additional funding.


2015. Google Wallet integrates with Shopify and other merchant platforms



Google Wallet, the mobile payment system, is introducing significant integrations with merchants and merchant platforms. Users of Android apps from Dunkin' Donuts and Seamless, as well as merchants utilizing the Shopify platform to build online stores, can now leverage Google Wallet for seamless payment transactions. In November, Google Wallet also integrated with Papa John's Android app, along with merchant platforms ChowNow and Shopgate. However, the expansion of Google Wallet has been relatively gradual. Prior to this development, only around 30 mobile sites and 30 apps were integrated with the service. Currently, Google Wallet's payment services are available exclusively to users and businesses in the United States. Nevertheless, the company has recently commenced the international extension of another aspect of Wallet—money transfers—to markets beyond the U.S., enabling Gmail users in the UK to access this feature.


2015. Samsung Pay takes on Apple Pay and Google Wallet



Samsung has made an announcement about the upcoming launch of Samsung Pay, a new mobile payments solution that will be available on the latest Galaxy S6 and S6 edge smartphones during the summer. While Apple and Google were early entrants in the contactless payment market, Samsung Pay addresses significant gaps present in the services offered by Apple Pay and Google Wallet. Samsung Pay utilizes both near-field communications (NFC) and magnetic secure transmission (MST) technology obtained from LoopPay. This unique combination allows Samsung Pay to facilitate secure contactless transactions similar to Apple Pay, while also enabling "swipe" purchases on a majority of older payment terminals that have not adopted NFC technology yet. Samsung has partnered with MasterCard and Visa, along with four major card-issuing banks: JP Morgan Chase, Bank of America, Citi, and US Bank, strengthening its position in the market.


2015. Google acquired Softcard to power its Wallet



Following Samsung's acquisition of LoopPay to challenge Apple Pay's dominance in the mobile payments space, Google has also taken a significant step. It has announced the acquisition of technology from the mobile payments app Softcard. Additionally, Google Wallet will soon come pre-installed on Android phones offered by three out of the four largest U.S. carriers later this year. Similar to Google Wallet and Apple Pay, the Softcard app relies on near-field communications (NFC) for its mobile payment functionality. Google Wallet enables users to make purchases at physical retail stores by simply tapping their phones on contactless payment terminals. Despite being introduced prior to Apple Pay, Google's NFC payments system did not achieve the same level of visibility, despite receiving positive reviews.


2015. Samsung buys Apple Pay alternative LoopPay



Samsung has completed the acquisition of LoopPay, the mobile payments platform that competes with Apple Pay. LoopPay enables users to conveniently make mobile payments using their smartphones. Unlike Apple Pay, which relies on near-field communications (NFC), LoopPay utilizes magnetic secure transmission (MST), similar to the magnetic strip found on traditional credit cards. Users can securely store their credit card details in LoopPay's app, available on both iOS and Android. However, to process MST payments, customers need to have LoopPay's $59.95 card case or $10 key fob. LoopPay has previously emphasized the superiority and broader acceptance of its platform compared to Apple Pay since it utilizes external hardware instead of requiring merchants to adopt specific technology. Nonetheless, the requirement for additional hardware introduces an extra, potentially cumbersome step during transactions.


2014. Microsoft begins accepting Bitcoin in the Windows Store



Microsoft has introduced the option to use Bitcoin as a form of payment for purchasing games and other digital content on its Windows, Windows Phone, and Xbox platforms. To facilitate this, Microsoft has partnered with the payment provider Bitpay. However, there are a few important points to consider. While customers can utilize Bitcoin to add funds to their Microsoft wallet or create digital gift cards, direct payments with the cryptocurrency are not currently supported. Additionally, it appears that Bitcoin payments are limited to customers in the United States. Historically, Microsoft has been viewed as a slow-moving behemoth, somewhat resistant to change. Although accepting Bitcoin does not directly align with its recent surprising efforts to make core services like Office available on competing platforms or implement premium pricing models, it does demonstrate that Microsoft is willing to embrace emerging technologies ahead of many of its competitors. This suggests a potential modernization of Microsoft's overall approach and ethos.


2014. Apple launched own payment system Apple Pay



Apple has introduced a wallet feature called Apple Pay to its iPhones. This functionality allows users of iPhone 6 and iPhone 6 Plus to conveniently make payments at retail checkout terminals by simply tapping their devices. To utilize the wallet service, users must have an iPhone equipped with near field communication (NFC) technology and authenticate their transactions using Apple's Touch ID fingerprint authentication. The process of adding a card to Apple Pay involves either scanning the card or manually inputting the card information. Initially, Apple Pay supports purchases at over 220,000 stores across the United States. Prominent participants in this service include Macy's, Bloomingdales, Walgreens, Duane Reade, Subway, and McDonald's. However, it's important to note that many retailers, including the largest one, Wal-Mart Stores Inc., are not currently part of Apple's network. Only a minority of retailers have the necessary machines capable of reading the near-field communication radio signal required for Apple Pay to function.


2014. PayPal will split from eBay in 2015



eBay and PayPal are undergoing a separation, as the payments company plans to become an independent, publicly-traded entity apart from eBay. This strategic move aims to accelerate growth for both businesses in their respective markets. The spin-out process of PayPal is expected to conclude in the second half of 2015, pending regulatory approval. As part of the agreement, both companies will have new CEOs: Devin Wenig, the current President of eBay Marketplaces, will assume the role of CEO at eBay, while Dan Schulman, the current President of PayPal, will lead the newly-formed PayPal. Initially, eBay's acquisition of PayPal aimed to invigorate its instant buy, same-day delivery, and curated storefront operations. However, with PayPal's focus on mobile payments, including the acquisition of Braintree and the development of its One Touch system, the company is increasingly shifting toward in-person mobile transactions rather than online commerce.

Editor: Sandeep Sharma
Sandeep is a marketing expert with a wealth of knowledge in various domains: customer relationship management, social media management, advertising, search engine optimization, website building, Sandeep has established himself as a multifaceted professional. He honed his skills while working at Salesforce and Hubspot, where he gained invaluable insights into the industry. Now, as the proud owner of a small advertising consulting agency, Sandeep continues to provide innovative and effective strategies to businesses, helping them thrive in the competitive landscape of digital marketing. You can contact Sandeep via email sandeep@liventerprise.com