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Alternative Payments to Overtake Online Card Payments

New players have entered the market thanks to this innovation. Consumers want a quick and frictionless payment process, and therefore having to enter their card details every time they purchase something online, or the unavailability of their preferred method of payment, can be frustrating and lead to shopping cart abandonment.

Alternative Payment Solution: Amazon Pay

  • $350
  • June 2018
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Amazon Pay was launched in 2007 as Pay with Amazon, before being rebranded as Amazon Pay. The solution enables users to pay for purchases on third-party partner merchant websites and apps using payment methods saved on the user’s Amazon profile...

Alternative Payment Solution: TransferWise

  • $350
  • May 2018
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TransferWise is a global cross-border money transfer solution. Founded in the UK in March 2010, the solution now enables users to transfer money globally in 47 currencies to the recipient’s bank account.

TransferWise operates on a P2P mon...

Alternative Payment Solution: iDEAL

  • $350
  • March 2018
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iDEAL, a market leader in Dutch third-party payment services, was established by payment systems provider Currence in 2006. iDEAL offers online payments for Dutch domestic and international shoppers, and enables them to pay for online purchases...

Alternative Payment Solution: ELV

  • $350
  • March 2018
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Elektronisches Lastschriftverfahren (ELV) is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, in 2016 it accounted for 7.9% of all non-cash transaction volume in Germany.

This is a popular payme...

Alternative Payment Solution: Boku

  • $350
  • March 2018
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Boku Inc. is one of the world’s leading carrier billing-based mobile payment services. Primarily used for purchases of digital content, Boku is used by leading digital companies including Apple, Google, Sony, Microsoft, Facebook, and Spotify. B...

Alternative Payment Solution: Seqr

  • $350
  • March 2018
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Seqr is a Sweden-based mobile payment solution developed by Seamless in 2011. Initially launched as a QR code-based in-store payment solution, it was later extended to include P2P transfers and online, in-app, and contactless payments.

It...

Alternative Payment Solution: Yandex.Money

  • $350
  • March 2018
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Yandex.Money is one of the most popular payment solutions in Russia. It was launched in July 2002 as a joint venture between Yandex and PayCash Group, before Yandex later became the sole owner. However, in July 2013 Yandex sold a 75% stake in Y...

Alternative Payment Solution: Pingit

  • $350
  • March 2018
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Pingit is the UK’s first instant mobile payments app, introduced by Barclays in 2012. Initially launched as a P2P payment service between individuals, it extended its service for merchants, allowing them to accept payments for online and offlin...

Alternative Payment Solution: Paytm

  • $350
  • March 2018
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Paytm is the leading alternative payment solution in India. Owned by One97 Communications, Paytm initially began its operations as an e-commerce marketplace in India in 2010. In 2014 the company launched the Paytm Wallet, which can now be used ...

Alternative Payment Solution: Swish

  • $350
  • March 2018
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Swish is a Swedish mobile payment solution launched in 2012. It is one of the leading P2P payment solutions in Europe with 6.2 million users. Initially launched as a P2P payment service, it was extended to allow merchants to accept payments for...

Alternative Payment Solution: MobilePay

  • $350
  • March 2018
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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 ...

Alternative Payment Solution: Paym

  • $350
  • February 2018
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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 tran...

Alternative Payment Solution: M-Pesa

  • $350
  • February 2018
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M-Pesa is a mobile-based fund-transfer and micro-level banking service available to customers of Safaricom, Kenya’s largest mobile network. Introduced in 2007, the service has become a primary channel for fund transfers in the country. As of Se...

Alternative Payment Solution: POLi

  • $350
  • February 2018
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POLi is an online debit payment solution offered by POLi Payments. Launched in 2006, it is currently available in Australia and New Zealand.

The solution offers online banking-based payment services and is used to make payments to online ...

Alternative Payment Solution: Jiffy

  • $350
  • January 2018
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Jiffy is an Italy-based mobile payment solution developed by SIA in October 2014. It is one of the leading peer-to-peer (P2P) payment solutions in Europe with 4.2 million users, second-highest in the region after Swish and ahead of the UK’s Pay...