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Company Insights
NewSwish – Competitor Profile
Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe, with 8.4 million users. Initially launched as a P2P payment service, it was extended to allow merchants to accept payments for online and offline purchases. The solution enables users to make real-time P2P transfers from their smartphone using the recipient’s phone number or QR code. To transfer funds, both sender and recipient need to have a bank account with...
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Company Insights
NewMobilePay – Competitor Profile
MobilePay is a popular mobile payment solution in Denmark. Launched as a money transfer app by Danske Bank in 2013, it later extended its offering to include online, in-app, and in-store payments. It allows users to make fund transfers between friends, family members, and businesses using their phone number. Users can store card details within the MobilePay app, which can be used for payments at online and offline merchants. To make online payments, users choose MobilePay at the checkout and...
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Analyst Opinions
Innovation in Instant Payments – Market Overview and Key Case Studies (India – UPI, Brazil – Pix, Nexus Project, Nordics – P27 and ASEAN Links)
The global instant payments transactions was valued at $100 trillion in 2021. The market is projected to grow at a CAGR of 12% during the forecast period. Instant payments are an innovative payments infrastructure that modernizes payment systems and enables transactions to be settled within 60 seconds. Although it is a natural alternative to card payments, its impact on the cards market varies per region. Countries that have a well-established instant payment infrastructure are actively focusing on driving the interoperability...
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Company Insights
BLIK – Competitor Profile
BLIK is a Polish mobile payment solution launched by Polski Standard Płatności (PSP) in February 2015. PSP was formed in 2013 through strategic co-operation between six major Polish banks: Alior Bank, Millennium Bank, Bank Zachodni WBK (now Santander Bank Polska), ING Bank Śląski, mBank, and PKO Bank Polski. In April 2020, Mastercard became a shareholder of PSP and BLIK. All seven shareholders now hold an equal share in PSP. BLIK is offered by Polish banks as an additional service within...
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Company Insights
Alternative Payment Solution: Swish
Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 6.8 million users. Initially launched as a P2P payment service, it was extended to allow merchants to accept payments for online and offline purchases. The solution enables users to make realtime P2P transfers from their mobile phone using the recipient’s number. To transfer funds both sender and recipient need to have a bank account with one of 11...
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Analyst Opinions
Alternative Payment Solution: MobilePay
MobilePay is a popular mobile payment solution in Denmark. Launched as a money transfer app by Danske Bank in 2013, it later extended its offering to include online, in-app and in-store payments. It allows users to make fund transfers between friends, family and businesses using their mobile number. Users can store card details within the MobilePay app, which can be used for payments at online and offline merchants. To make online payments, users choose MobilePay at the checkout and approve...
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Sector Analysis
Instant Payments: A Global View
"Instant Payments: A Global View", report contains an in-depth review of instant payment systems around the world, including analysis of the key systems currently in place, and their strengths and weaknesses. Instant payment systems are becoming increasingly prevalent worldwide, as central banks and other national bodies react to the drastic increase in electronic payment volume that has taken place over the past decade. The “instant” payment aspect of these new systems is also derived from consumer demand for instant gratification,...
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Analyst Opinions
Mobile Financial Services Market Opportunities for Telcos in Europe
"Mobile Financial Services Market Opportunities for Telcos in Europe", a new Telecom Insider Report by GlobalData, provides an executive-level overview of the mobile financial services (MFS) market in Europe. It delivers qualitative insights into the mobile market, analyzing key trends and growth drivers in the region. MFS adoption has accelerated in Europe in light of device, technology, and security improvements. Mobile wallet, mobile banking, and m-commerce have become widespread services among mobile money users in both Western Europe and Central...
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Analyst Opinions
Alternative Payment Solution: Paym
Paym is a UK-based mobile payment solution launched in April 2014. The Payments Council was initially responsible for supporting the launch of Paym, which is now run by Mobile Payments Service Company. The solution allows users to make P2P transfers in real-time via smartphone. Paym allows money to be transferred simply by selecting the recipient from a mobile phone address book. To transfer money through Paym, both sender and recipient need to first register their mobile phone number with their...
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Analyst Opinions
Consumer Payments Country Snapshot: Sweden 2016
Sweden has the potential to become the world’s first cashless society. The use of cash is declining quickly in Sweden and over half of all bank branches no longer deal with cash-based transactions. Payment cards are widely held and widely used in Sweden, and it has a strong alternative payments market.