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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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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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Company Insights
Klarna - Competitor Profile
Klarna is a Swedish online payment service provider (PSP) that offers a range of buy now pay later (BNPL) solutions. Established in 2005, the company now serves 100 million customers and is accepted by over 720,000 merchants across 26 countries. Klarna acquired SOFORT in 2014 and BillPay in 2017, turning it into one of the largest PSPs in the European ecommerce space. Klarna offers both immediate and pay-later options for ecommerce purchases, allowing customers to make payments after receiving the...
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Company Insights
Skrill - Competitor Profile
Skrill is a global payment solutions provider headquartered in London. It allows users to store payment details in a Skrill Digital Wallet, which they can use to make payments for online purchases. Consumers can also make payments with their Skrill account balance and register debit and credit cards, bank accounts, and other payment options such as PaysafeCard within the wallet for future payments. In addition, Skrill 1-Tap enables customers to make payments from their Skrill account with a single click,...
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Sector Analysis
Lebanon Cards and Payments: Opportunities and Risks to 2029
GlobalData’s ‘Lebanon Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Lebanonn cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, 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
Venezuela Cards and Payments: Opportunities and Risks to 2029
GlobalData’s ‘Venezuela Cards and Payments: Opportunities and Risks to 2029' report provides detailed analysis of market trends in the Venezuelan cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, credit transfers, cards, 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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Company Insights
Alipay: Competitor Profile
Launched in 2004, Alipay is among the leading alternative payment services providers (PSP) globally. It is a subsidiary of Ant Group, which is controlled by Alibaba Group. Alipay allows users to make fund transfers as well as online, in-app, and in-store payments at home and abroad. It is the primary method of payment for Alibaba’s online marketplaces, including AliExpress, Tmall, and Taobao. Alipay is accepted in more than 110 countries, allowing Chinese tourists to make payments in Chinese renminbi and...
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Company Insights
Google Pay: Competitor Profile
Google Pay was launched in February 2018 following the merger of Google’s Google Wallet and Android Pay payment brands. The solution is accepted at millions of retail outlets globally and supports all major payment networks, including American Express, Mastercard, Visa, Visa Electron (excluding the US), Discover (US only), PayPal, and JCB (Japan and US only). It is also supported by a host of major banks and credit unions in the US. Users can store details of multiple debit, credit, and...
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