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Company Insights
paysafecard 2022 – Competitor Profile
paysafecard is one of the leading online prepaid voucher providers in Europe. Launched in Austria in 2000, it was acquired by Skrill Group in 2013 and became part of Paysafe Group through the latter’s acquisition of Skrill in 2015. Since then, paysafecard has been integrated into the group’s prepaid division. paysafecard is accepted by thousands of online merchants globally across the gaming, online, music, film, and entertainment sectors. To offer convenient voucher purchases and online payments, the paysafecard account (formerly...
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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
WePay – Competitor Profile
WePay is a US-based online payment service provider that enables ecommerce platforms, marketplaces, and crowdfunding platforms to accept payments for products and services offered through their websites and mobile apps. Founded in the US in 2008, it expanded to Canada in 2015 and to the UK in 2016. It was acquired by JPMorgan Chase in October 2017. WePay serves a number of businesses globally, including online merchants, marketplaces, and platforms. The solution enables clients to accept a wide range of...
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Company Insights
Square – Competitor Profile
Square is a US-based payment service provider that was launched in 2009. It enables businesses to accept payments through methods including debit and credit cards issued by all major scheme providers, as well as NFC-based solutions such as Google Pay and Apple Pay. For offline payments, Square offers an array of traditional and mobile point of sale (POS) solutions for payment acceptance via magnetic stripe, chip, and NFC cards. It also enables online payments through Square Online Checkout and ecommerce...
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Analyst Opinions
Boku – Competitor Profile
Launched in 2009 in the US, Boku is one of the world’s leading carrier billing-based mobile payment services. Primarily used for purchases of digital content, Boku is offered by leading digital companies including Apple, Google, Sony, Microsoft, Facebook, and Spotify. Boku enables customers to charge payments directly to their mobile phone bill and provides merchants with the ability to accept payments from anyone with a mobile phone. In addition to carrier billing, Boku allows merchants to accept payments via over...
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Thematic Analysis
Global Mergers and Acquisitions (M&A) Deals in the Banking and Payments Sector, Q2 2021 – Top Themes – Thematic Research
This report analyzes the disruptive themes that have driven M&A activity in Q2 2021 in Banking & Payments Sector.
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Analyst Opinions
Giropay – Competitor Profile
Giropay is an online credit transfer-based payment method. Founded in 2005, it allows online shoppers to make payments directly from their bank accounts. It is supported by more than 1,500 banks. Giropay payments are popular among retailers; they are guaranteed by the buyer’s bank, meaning they cannot be reversed. The payment method is gaining traction among airlines, with companies such as Deutsche Lufthansa, Singapore Airlines, and Transavia accepting Giropay payments for flight bookings. Giropay is also widely used for utility...
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Analyst Opinions
ELV – Competitor Profile
ELV is an electronic direct debit system in Germany. Launched in the 1980s by a group of merchants, it accounted for 5.8% of the country’s non-cash transaction volume in 2019. It is a popular payment solution in Germany for both in-store and online payments and is an alternative payment option for customers who do not like using credit cards online to pay for products or services. In-store ELV payments are carried out at POS terminals using debit cards. The customer’s...
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Sector Analysis
Payments Industry Revenue Models in 2021 and Beyond
Pandemic has accelerated the move away from cash towards digital payment solutions. The shift challenges traditional payment revenue models in a number of ways, including through convenient alternatives to card payments via digital wallets, payment network innovations, and simple, transparent substitutes for credit cards via buy now pay later (BNPL) apps. This report discusses the existing revenue models in the payments market and evaluates the challenges they face from emerging technologies and business models. New solutions have the potential to...
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Analyst Opinions
POLi – Competitor Profile
POLi is an online 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 retailers, utility service providers, airline operators, and government agencies. The solution allows users to pay for online purchases directly from their bank account without the need for a payment card. Merchants receive instant payment acknowledgment, allowing them to immediately supply goods or services...
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Company Insights
Ascenda – Competitor Profile
Ascenda is a global provider of loyalty solutions, offering reward propositions for major financial services providers and travel brands worldwide. Ascenda offers a suite of technology solutions to financial companies and merchants globally, enabling them to manage their loyalty programs more effectively. It manages the complete value chain of loyalty marketing program campaigns - from customer segmentation to design and implementation. It also offers TransferConnect, a loyalty program connection platform that enables Ascenda’s clients to connect with major global reward...
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Analyst Opinions
Square – Enterprise Tech Ecosystem Series
The annual ICT spending of Square was estimated at $199.0 million for 2020. A major share of this spending is earmarked for acquiring software, consulting, and hardware from vendors. Square is a financial technology company whose tools help businesses and individuals become part of the fintech ecosystem. The company revolutionized the payment industry in 2009 by launching Square Reader, making it possible for anyone to accept card payments using their smartphone or tablet. Square specializes in providing payment processors and...
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Company Insights
Ondot Systems – Competitor Profile
Launched in 2011, Ondot Systems is a US-based provider of card management, payments monitoring, and customer engagement solutions. It offers card control and alert solutions to financial institutions, enabling their card holders to control the usage of their debit, credit, and prepaid cards by setting specific parameters. These include limits on spending; use by channels such as in-store, online, and mail order; and use for merchant categories such as groceries, gas, entertainment, and travel. The company supports Visa- and Mastercard-branded...
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Sector Analysis
The Cashless World – Evolving Payment Environments in Key Asia Pacific and Western Markets
The depth of internet connectivity and smartphone penetration in many markets means it can be very easy to drive the adoption of cashless payments, but the path to moving away from cash has become very different between markets. Cashless payments in most developed markets are still focused on payment cards, while in a lot of developing markets consumers are leapfrogging from cash to mobile payments. Compared to when payment cards were first introduced, the options for cashless payments and the...
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Company Insights
Tyro – Competitor Profile
Founded in 2003, Tyro Payments is an Australia-based neobank and the first EFTPOS provider in the country since 1996. Tyro offers payment solutions through bank accounts, loans, and deposits. One of its main activities is EFTPOS acquiring focused on SMEs. It also offers online payment acceptance through its eCommerce platform. In addition, Tyro offers Tyro Connect, an integration hub that allows hospitality businesses to connect their menus, orders, and payments in a single app. The company has operated as a...
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Company Insights
Starbucks Mobile Wallet – Competitor Profile
Starbucks - one of the world’s most popular coffee chains - launched Starbucks Mobile Wallet (or Starbucks Mobile App) in September 2009, enabling users to make in-store payments at Starbucks outlets on a closed-loop basis. To make a payment, users need to open the barcode on their mobile app and scan it at a Starbucks terminal. The amount is deducted from the user’s wallet balance. The solution was initially launched in select locations and to select users in the US....
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Company Insights
After Pay – Competitor Profile
Afterpay is an Australia-based alternative payment solution that offers a buy now, pay later (BNPL) service, enabling consumers to pay for purchases in installments. Initially an online payment solution, it is now available for in-store purchases at select retailers. Founded in October 2014, it has since expanded into four new markets: New Zealand (in September 2017), the US (May 2018), the UK (August 2018), and Canada (August 2020). It offers its services in the UK under the Clearpay brand, which...
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Company Insights
Bambora – Competitor Profile
Founded in 2015, Bambora is a global merchant acquiring solutions provider that enables merchants to accept in-store and online payments in over 100 currencies. For in-store payments, Bambora offers both regular and wireless POS terminals to merchants. For Bambora’s merchant clients, POS hardware is provided by Ingenico while software is offered by Bambora. The terminals are equipped with additional features such as NFC, dynamic currency conversion, and invoice payments. For online payments, Bambora offers Bambora Checkout, enabling merchants to accept...
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Analyst Opinions
Fintech 3.0 – The Revolutionary Impact of Technology in Banking
Open banking stands out to be the game-changer in the banking sector’s digital transformation due to the API innovations driven by the rise of fintech-bank collaborations. Some of the innovations enabled by opening the APIs of banks to third-party providers (TPPs) are automated onboarding, smart budgeting, account aggregation, automated accounting, and credit risk assessment. Digital-only banks are increasingly the preferred route for banking, predominantly among millennials because of their strong attachment to smart devices. Contactless payments have garnered significant traction...
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Sector Analysis
Germany Cards and Payments – Opportunities and Risks to 2024
GlobalData’s ‘Germany Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the German cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e). The report also analyzes various payment card markets operating in the industry and provides detailed information on the number of cards in circulation, transaction values and volumes...
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