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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.

NEWAlternative Payment Solution: Revolut

  • $350
  • April 2018
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Revolut is an app-based payment solution that allows users to make domestic and international fund transfers to both Revolut and non-Revolut users. It also allows users to make online and in-store payments, as well as cash withdrawals at ATMs u...

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: 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: 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: 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: 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: Tenpay

  • $350
  • March 2018
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Tenpay is the second-largest online payment platform in China, behind only Alipay. It was launched by Tencent, China’s leading internet company, in 2005. Tenpay supports online, in-app, and in-store payments in China and abroad. Tenpay users ca...

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: PayPal

  • $350
  • March 2018
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PayPal is one of the largest payment service providers globally. It enables digital payments and offers acceptance solutions for consumers and merchants. The company specializes in online payments, mobile and e-commerce, fund transfers, and pay...

Alternative Payment Solution: Alipay

  • $350
  • March 2018
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Alipay is the largest alternative payment services provider globally in terms of transaction value. It is a subsidiary of Ant Financial Services, which is effectively controlled by Alibaba Group Holding Limited. It allows users to make online, ...

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: Apple Pay

  • $350
  • March 2018
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Apple Pay is a mobile payment solution launched by Apple in October 2014. At present, the solution is available in 24 markets outside the US. The solution allows users to store their card details for future payments. Users simply need to hover ...

Alternative Payment Solution: Google Pay

  • $350
  • March 2018
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Google Pay is a newly unveiled mobile payment brand by tech-giant Google, launched in February 2018. Google Pay was formed as a result of a merger between its existing payment brands Google Wallet and Android Pay.

At present, the solution...

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 ...