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Company Insights
Competitor Profile: Global Payments: Competitor Profile
Global Payments is a global merchant acquiring and payment processing company that connects merchants directly to all major and local card schemes and alternative payment methods. The company enables merchants to accept payments through both online and offline channels. Global Payments offers services to four million merchant locations globally; enabling them to accept payments via more than 150 payment methods (including digital wallets, card payments, and local and alternative payment methods). In addition to ecommerce payment acceptance for individual merchants,...
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Company Insights
Worldline: Competitor Profile
Worldline Group is one of the world’s leading payment and transactional service providers, offering end-to-end solutions covering the entire payment value chain. It has omnichannel solutions for merchants, banks, acquirers, payment service providers (PSPs), businesses, and governments. Worldline operates its services in 170 countries, supporting payments in 150 currencies. Worldline operates through three segments-Merchant Services, Financial Services, and Mobility & e-Transactional Services-offering acquiring and processing, card issuing processing, clearing and settlement, open banking, and mobile banking services. Previously it had...
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Sector Analysis
Canada Cards and Payments: Opportunities and Risks to 2029
GlobalData’s ‘Canada Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Canadian cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2020–24e). 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 during...
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Sector Analysis
Kazakhstan Cards and Payments: Opportunities and Risks to 2029
GlobalData’s ‘Kazakhstan Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Kazakhstani cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2021–25e). 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 during...
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Company Insights
Ripple: Competitor Profile
Ripple offers a global real-time payment system that enables banks and financial institutions around the world to conduct cross-border transfers via RippleNet, a decentralized global network of banks and payment providers. The organizations in the network use Ripple’s distributed ledger technology, which provides real-time clearing and settlement of financial transactions. In addition to cross-border transfers, Ripple enables trading of its cryptocurrency XRP, which is now listed on over 100 digital asset exchanges globally. Ripple eliminates the need for financial institutions...
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Company Insights
Meta Pay: Competitor Profile
Meta Pay (formerly Facebook Pay) is a digital payment provider that allows users to make payments via Meta-owned social media platforms Facebook, Messenger, WhatsApp, and Instagram. Meta Pay is now available to users across 144 countries and supports payments in 57 currencies, enabling online, in-app, and peer-to-peer (P2P) payments. Facebook initially rolled out P2P payments in the US via Messenger in 2015. It subsequently introduced Facebook Pay in November 2019, bringing its payment options under a single umbrella across Facebook,...
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Company Insights
Pix: Competitor Profile
Pix is an instant payment platform that was created by Banco Central do Brazil. It went into the testing phase in April 2020 and was later launched in November 2020. The system operates 24 hours a day, seven days a week, 365 days a year. Transactions are completed within 10 seconds. Users can initiate transfers via channels including mobile banking, internet banking, bank branches, and ATMs. Transfers can be made using the recipient’s account number, Pix key (such as their...
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Sector Analysis
Argentina Cards and Payments: Opportunities and Risks to 2029
GlobalData’s ‘Argentina Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Argentine cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, card, credit transfer, direct debits, and cheques during the review-period (2021–25e). 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 during...
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Company Insights
Tenpay: Competitor Profile
Tenpay is one of the most popular alternative payment solutions in China. It was launched in 2005 by Tencent, which is one of China’s leading internet companies. Tenpay supports online, in-app, and in-store payments both in China and abroad. Tenpay users can make peer-to-peer (P2P) transfers to other users’ Tenpay accounts or bank accounts. Users can also make mortgage and credit card payments and can invest in various financial products. Tencent also owns popular social media platforms including QQ Messenger...
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Company Insights
Venmo: Competitor Profile
Founded in 2009, Venmo initially allowed users to send money via SMS. In late 2010, a Venmo app was launched—initially offering a payment service focused on P2P payments and simple purchase transactions, such as payments to food trucks. Over the years, Venmo has expanded its use cases, allowing users to make payments to a wider range of both online and offline merchants. Users can top up their accounts and link their app account to their bank account, as well as...
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