Alternative payment methods

Europe

Giropay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Guarantee	Chargeback Risk	Payment Completion
Bank transfer	Germany	EUR	No	Yes	Yes	No	Immediate

With giropay, consumers are using their bank's secure online banking: their bank account information and transaction details remain fully protected and secure. When consumers check out, they can use giropay directly without any additional registration. According to giropay, the payment method supports nearly all banks in Germany, and there are over 45 million online banking customers who use it (54% overall population).

Why giropay?

1. With giropay, consumers can checkout online using their usual online banking with PIN and TAN. No extra login or registration required.

2. Merchants will receive a payment guarantee straight after successful giropay transactions (up to EUR 10,000), enabling immediate processing and fulfilment.

3. With giropay and eps interoperability, and no additional technical effort, German merchants can also receive eps payments from Austrian customers.

How it works

1. On the merchant's payment page, the consumer chooses to pay online via giropay.

2. They are redirected to the MoneyCollect-hosted bank selector page.

3. The consumer selects the bank and is redirected to the bank's online banking page to complete the payment.

4. They login to online banking and confirm the payment.

5. The consumer is redirected to the merchant's website.

Sofort

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Bank transfer	Global	CHF, EUR, GBP, PLN	No	Yes	Yes	No	Immediate

Sofort GmbH has been part of the Klarna Group since 2014. In August 2017, Klarna made major changes to their design and visually integrated the Sofortüberweisung payment method into the Klarna product range. With Sofort, security-conscious consumers use their own online banking details, entered through the secure payment page of Sofort. Once logged in, a one-time confirmation code is used by the consumer to authorize payment.

Why Sofort?

1. Highly secure: Consumers use their own online banking data and do not have to submit any personal information or card details to the merchant; they enter their online banking data on the secure payment page of Sofort GmbH, to which merchants have no access.

2. Deep loyalty: Klarna reports that retailers typically see a 68% increase in average order value, and 44% of their customers would have abandoned carts if the payment method was not available.

3. Trusted payment type:German card usage remains low at 11% due to security concerns, leading to the popularity of bank transfer payment options, accounting for 52% of all transactions .

How it works

1. The consumer selects Sofort as their preferred payment method.

2. They are redirected to a payment page where they are presented with a list of supported banks.

3. The consumer selects a bank from the list and authenticates using their login credentials and TAN in order to confirm the payment.

4. The merchant receives the payment confirmation.

5. The merchant can ship the order/deliver the goods to the consumer.

iDEAL

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer / HPP Redirect	Netherlands	EUR	No
Refunds	Payment guarantee	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

iDEAL, launched in 2005, provides a payment guarantee to merchants while enabling consumers to pay online through their mobile banking app or online bank account. iDEAL is based on the SEPA credit transfer and is now the most successful and most used payment method in the Netherlands; in 2020, a 25% year on year increase led to 890 million transactions totaling EUR 70 billion (Dutch Payments Association). Supported banks include: ABN AMRO, ASN Bank, bunq, ING, Knab, Rabobank, RegioBank, Revolut, SNS, Svenska Handelsbanken, Triodos Bank, Van Lanschot.

Why iDEAL?

1. iDEAL cite a 60% market share in the Netherlands, making it easy for merchants to reach millions of Dutch consumers

2. iDEAL is accepted by merchants in over 60 countries outside of the Netherlands and reports that 99 million payments were made via non-Dutch websites in 2019.

3. According to iDEAL, over 98% of Dutch online banking users can pay with iDEAL, which is ranked as one of the top 10 strongest brands in the Netherlands every year.

How it works

1. The consumer selects iDEAL as their preferred payment method.

2. The consumer is redirected to a payment page where they are presented with an option to select their preferred bank or to scan a QR code.

3. If:

   1. The consumer chooses a bank from the list, they are redirected to their online bank where they are requested to confirm the payment.

   2. The consumer scans their QR code, they must confirm the payment in the banking app.

4. The merchant receives the payment confirmation.

5. The merchant can ship the order/deliver the goods to the consumer.

Przelewy24 | P24

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	Poland	EUR, PLN	No
Refunds	Payment guarantee	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

Founded in 2004, Przelewy24 is a Poland-based real-time online bank transfer payment method, often referred to as P24. Przelewy24 operates in partnership with all Polish banks.

Why Przelewy24 | P24?

1. Brand recognition: According to Przelewy24, 87% of users in Poland recognize their brand.

2. Popular payment type: Bank transfer methods are hugely popular in Poland, representing 47% of online payments.

3. Strong security: Przelewy24 cites that 84% of survey respondents consider the payment service safe.

How it works

1. The consumer selects the payment method on the merchant checkout page.

2. They are redirected to the P24 payment page where they choose their bank or provide their BLIK code.

3. They are redirected to the bank’s online banking portal.

4. To confirm the transaction, the consumer logs in to the online banking portal.

5. They are redirected back to the merchant’s website for payment confirmation.

MyBank

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	Italy	EUR	No
Refunds	Payment guarantee	Chargeback Risk	Payment Completion
Yes	No	No	Immediate

Operated by PRETA S.A.S, MyBank is owned by EBA Clearing, a provider of pan-European payment infrastructure services controlled by 52 banks. MyBank enables consumers to pay directly from their online banking through an immediate bank transfer - with the highest security and transparency standards. MyBank is available on a wide range of sites for the purchase of products, services and for payments towards public administration entities. MyBank positions itself as a flexible solution for both B2B and B2C businesses: over 210 banks and PSPs have joined the MyBank network throughout Europe.

Why MyBank?

1. Anywhere and on any device: MyBank is a payment solution based on SEPA (Single Euro Payments Area), which can be used throughout Europe and from any device (pc, smartphone, tablet).

2. Fast and easy: all necessary payment information is available within the pre-filled bank transfer form. There is no need for consumers to type in lengthy bank numbers or further codes.

3. No amount limits: MyBank allows transactions of any amount as long as the necessary funds are available on consumer bank accounts.

How it works

1. The consumer selects MyBank on the merchant's checkout page.

2. They are redirected to the MoneyCollect-hosted bank selection page.

3. The consumer selects the preferred bank.

4. They enter the bank details and approve the payment.

5. The consumer is redirected back to the merchant.

PayU

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	Czech Republic , Poland	CZK, PLN	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

PayU is a Polish and Czech online bank transfer payment method. As one of the most popular payment methods amongst Polish consumers, 1 in 2 consumers chooses to check out with PayU. Trusted by the largest companies in Poland and the Czech Republic, PayU offers 100% security with the highest certificates for secure transaction processing.

Why PayU?

1. With more than 300 banks in Poland and 10 banks in the Czech Republic, PayU regularly conducts UX audits for conversion optimisation.

2. PayU provides access to Pay-by-Link, which is the preferred payment method in the Polish market.

3. By offering PayU, merchants can benefit from an increase in incremental sales, even up to 20%, and uplift the average order value by up to 10 times over other payment methods.

How it works

1. The consumer selects the payment method on the merchant checkout page.

2. They are redirected to the PayU payment page.

3. On the payment page, they enter their bank details and approve the payment.

4. The consumer is redirected back to the merchant.

EPS

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	Austria	EUR	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

The main bank transfer payment method in Austria is eps, developed jointly by Austrian banks and the government, enabling consumers to pay securely for online purchases using their own trusted online bank. With 83% of Austrians shopping cross border and bank transfer the preferred payment method in Austria, eps is a critical payment method in the DACH region. Every transaction is guaranteed by eps.

Why eps?

1. With approximately 15-18% market share, eps is one of Austria's most popular payment methods. It is also the official payment method for the Austrian e-government.

2. According to eps, the payment method has over 1,000 online merchants and over 80% of online merchants in Austria accept it.

3. With eps and giropay interoperability, and no additional technical effort, Austrian merchants can also receive giropay payments from German customers.

How it works

1. On the merchant's payment page, the consumer chooses to pay online via eps.

2. They are redirected to the MoneyCollect-hosted bank selector page.

3. The consumer selects the bank and is redirected to the bank's online banking page, where they complete the payment.

4. They log in on the banking app and confirm the payment.

5. The consumer is redirected to the merchant's website

paysafecard

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Prepaid voucher / Prepaid code	Global	ARS, AUD, BRL, CAD, CHF, CZK, DKK, EGP, EUR, GBP, HRK, HUF, KWD, MXN, NZD, NOK, PEN, PLN, RON, SEK, TRY, USD, UYU , VAE	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

paysafecard is a prepaid, online payment method based on vouchers, which are independent of bank account, credit card, or other personal details. paysafecard operates a dense distribution network, with over 660,000 points of sale across 50 countries. Vouchers are available at top tier sales outlets, which vary by country, including: 7-Eleven, OXXO, Shell, Statoil and SPAR. With the search feature on the paysafecard site or the app, consumers can find the nearest sales outlet quickly and easily.

Why paysafecard?

1. Use paysafecard to reach consumers without credit cards, bank accounts or other online payment methods, as well as those who do not wish to enter credit card and bank account info online.

2. Every consumer who pays with paysafecard is an additional customer that merchants would not be able to reach through other non-cash payment methods.

3. Merchants will be able to access new consumers and increase conversion rates with a risk-free payment method that has high brand recognition.

How it works

1. The consumer purchases a paysafecard voucher.

2. On the merchant's checkout page, the consumer selects paysafecard as their preferred payment method.

3. They are redirected to the paysafecard page, where they enter the 16-digit voucher code and submit the payment.

4. Alternatively, if the consumer has a my paysafecard account, they can also top up their account using this voucher. Upon redirection to the paysafecard page, they can choose to login to their my paysafecard account and approve the payment from there.

5. MoneyCollect receives a payment confirmation and notifies the partner/merchant about the payment status.

6. The merchant is notified of the payment status and can ship the goods.

Bancontact

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Local card / QR Code	Belgium	EUR	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

Founded in 1989, and now a brand from the Bancontact Payconiq Company, Bancontact makes it possible to pay directly through the online payment systems of all major Belgian banks for customers with Bancontact payment cards. Bancontact is the Belgian market leader in electronic payment services, with 20 Belgian banks issuing Bancontact cards. At checkout, the consumer enters their card details or scans the QR code, then authorises payment.

Why Bancontact?

1. Bancontact continues to be the strongest payment brand in Belgium, and the preferred method of payment for Belgians in 2020 (iVox).

2. There is no chargeback risk, which is a unique feature for debit cards, protecting merchant revenue streams.

3. Bancontact cites a 10% year-over-year rise in payments, with 1.65 billion payments made in 2020 using the Bancontact card and the Payconiq by Bancontact app.

How it works

1. The consumer selects Bancontact as their preferred payment method.

2. The consumer is redirected to a payment page where they are presented with an option to enter their PAN or scan a QR code.

3. If:

   1. The consumer chooses to enter their PAN, and they are redirected to their issuing bank for a 3DS authentication.

   2. The consumer scans their QR code they confirm the payment in the Bancontact app.

4. The merchant receives the payment confirmation of the payment.

5. The merchant can ship the order/deliver the goods to the consumer.

Asia

Indonesia Banks

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Cash/Bank transfer	Indonesia	IDR	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
No	Yes	No	Immediate

Bank transfer is a popular payment method in Indonesia: consumers can choose to pay for e-commerce purchases directly through an immediate bank transfer using a 16-digit payment code (also known as Virtual Account Number). This can be via internet/mobile banking or ATM networks. Supported ATM networks include Bersama, Prima, and Alto, and supported banks include: Bank Danamon, Bank Mandiri, CIMB Niaga, Permata Bank and Maybank Indonesia.

Why Indonesia Banks?

1. With a 29% market share, bank transfer payments are the second most popular method of payment in Indonesia.

2. Banks for bank transfer include Indonesia top 10 banks: Bank BRI, Bank Danamon, Bank Mandiri, CIMB Niaga, Maybank Indonesia and Permata Bank.

3. As not all debit cards are enabled by banks for e-commerce, Indonesian consumers prefer bank transfer methods, via a browser or mobile banking app.

How it works

1. The consumer checks out on the merchant's webpage.

2. You send a transaction request to MoneyCollect.

3. MoneyCollect sends a redirect URL to you or the merchant.

4. The merchant forwards the redirect URL to the consumer’s browser.

5. The consumer selects the Bank Transfer payment channel and requests a payment code from their preferred bank.

6. DOKU shows the generated Payment Code to the consumer, along with the payment instructions.

7. The consumer pays via a bank transfer on the bank’s internet banking web/mobile app or at the ATM, and the bank will notify DOKU of the payment result.

8. DOKU notifies MoneyCollect of the result.

9. MoneyCollect responds to the notification.

10. MoneyCollect sends you a transaction response.

Bayar Dengan OVO

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Wallet	Indonesia	IDR	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
No	Yes	No	Immediate

OVO is an e-wallet in Indonesia, where almost 20% of consumers use e-wallets to pay for goods and services. OVO is hugely popular, present in 115 million devices, offering lucrative cashback rebates (as OVO points) to entice consumers to use OVO. According to data from Bank Indonesia, OVO was the country’s top e-wallet service based on transaction values: it accounted for 37% of total digital payment transaction values in the first six months of 2019.

Why OVO?

1. There are 38 e-wallet apps in Indonesia. Based on the number of downloads, OVO is among the top five e-wallet apps.

2. OVO has strong brand recognition: it’s the largest fintech service ecosystem in Indonesia, offering digital payments,P2P lending, investment, insurance, credit scoring, and multifinance.

3. Over 110 million people currently use OVO, which is spread across 300 Indonesian cities, making the payment method ripe for continued e-wallet adoption and growth.

Thailand Banks

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	Thailand	THB	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
No	Yes	No	Immediate

Bank transfer is a popular, trusted payment method in Thailand and supported banks feature in the top 5 banks: Bangkok Bank, Krungsri Bank, Krung Thai Bank and Siam Commercial Bank. Consumers pay for e-commerce purchases directly through an immediate bank transfer by logging into their online banking and authorising the payment with a one-time passcode.

Why Thailand Banks?

1. Bank account penetration in Thailand is strong, currently standing at 82% and contributing to bank transfer payments maintaining 24% market share .

2. Thailand has one of the highest internet penetrations in the Southeast Asian region, and online bank transfer is expected to become the dominant payment method by 2023 (J.P. Morgan).

3. Thailand cross-border e-commerce is valued at USD 1.9 billion, and 49% of Thai online consumers are cross-border shoppers.

FPX Online Banking

FPX Online Banking enables merchants to accept payments from 18 Malaysian banks that offer internet banking. Merchants can display one of the following options on their checkout page: the 'Merchant Checkout', where they show all 18 bank logos, or the 'Bank Selector' page, where they display an alphabetical dropdown list of the same 18 banks. Consumers choose their bank and pay with an instant bank transfer via online banking. Banks include: Maybank, CIMB Bank, Public Bank, Bank Islam, Hong Leong Bank, RHB Bank, Ambank, Alliance Bank, Bank Kerjasama Rakyat Malaysia, Affin Bank, OCBC Bank, Standard Chartered Bank, United Overseas Bank (UOB), Bank Simpanan Nasional, Bank Muamalat, Hongkong and Shanghai Banking Corporation (HSBC), Kuwait Finance House, Agrobank

Why FPX Online Banking?

1. Large consumer base: Bank transfers are the most popular method of payment in Malaysia (46%) where 85% of the population are banked.

2. Market share: According to Bank Negara Malaysia, FPX is one of the most popular online payment methods in Malaysia, with nearly 90 million transactions in 2018.

3. Freedom of payment selection: Through one connection, merchants offer consumers access to 18 bank payment channels.

Pay-easy

Pay-easy provides Japanese consumers with convenient, secure and risk-free options for e-commerce payments: online bank transfer and offline cash payments at ATMs and post offices. For online bank transfer payments, Pay-easy has the most comprehensive network of banks in Japan, including all major banks. Japanese consumers are often risk-averse and sensitive to data collection. Pay-easy bank transfer lets shoppers pay without providing personal details nor accruing credit-based debt.

Why Pay-easy?

1. Go-to-market for international merchants does not require a physical presence in Japan.

2. Merchants will offer a trusted brand at checkout: in addition to e-commerce purchases, Japanese consumers use it to pay taxes and other public service charges.

3. Pay-easy is the network of choice for all bank connections and transfers, with more than 300 banks in Japan.

How it works

1. The consumer selects Pay-easy as the payment option and submits the order.

2. The consumer is redirected to a payment selection page and selects pay at ATM.

3. The consumer receives a payment number which they either memorise or write down to take to the ATM.

4. The consumer selects the option to pay tax and fee transfer at the ATM and enters the payment number.

5. The consumer makes a payment with cash or card.

6. The transaction is successfu

Konbini

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Cash	Japan	JPY	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
No	Yes	No	Immediate

Konbini (convenience store) payments are popular for cash payments in Japan, enabling e-commerce transactions in a culture where cash is considered more trustworthy and secure than other payment methods. With Konbini payments, Japanese consumers can make purchases online and pay with cash at over 50,000 nearby convenience store locations including 7-Eleven, Lawson, FamilyMart, Ministop, and Seicomart.

Why Konbini?

1. As 4 out of 5 Japanese consumers prefer to pay with cash and convenience stores are a part of their daily lives, accepting Konbini payments is a must-have for running a successful e-commerce store in Japan.

2. Cash and Konbini payments represent 13% of transactions in Japan, according to JP Morgan. Konbini payments are also popular with teenagers that do not have bank accounts nor credit cards.

3. Go to market for international merchants does not require a physical presence in Japan (exception: 7-Eleven).

KakaoPay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Wallet	Korea	KRW	Yes
Refunds/ Partial Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

KakaoPay is an e-wallet within Kakao Talk, South Korea's most downloaded app in the Apple and Google Play store. KakaoPay lets users safely make cashless payments for everyday usage, whether online or in-store. It also offers users the option to manage their investments, and cross border P2P mobile remittance in-app.

Why Kakaopay?

1. Ease of payment, ease of mind: Koreans top choice for easy payments (used by 93% of smart phone users) stable platform and most trusted.

2. No local entity required.

3. One integration: part of the Ant Financial OSP offering.

TNG (Touch 'n Go eWallet)

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Malaysia	MR	No	Yes	Yes	No	Immediate

The Touch 'n Go eWallet is an electronic wallet that holds electronic money. This service via mobile application is offered by TNGD. The Touch 'n Go eWallet provides services such as QR and online payments at participating retail, F&B and entertainment merchants as well as funds transfer, and toll payments through the “PayDirect” feature and RFID. The Touch 'n Go eWallet is also the first eWallet to have a security policy called Money-back Guarantee that provides full compensation should an unauthorised transaction occur. A quick payment method is also available for users by linking their bank card to the eWallet to ensure a seamless retail experience.

Why TNG

1.There is NO set-up cost for the use of TNG to collect or receive payments.Unlike some non-cash payment systems, TNG charges NO monthly cost.

2.TNG accepts all merchants, large and small, with NO minimum transaction volume or sales turnover requirement.

3.Touch ‘n Go eWallet now has 790K+merchants and more than 18.5M+ users.

How it works

1. Consumer conducts the checkout process on merchant's webpage; selects Touch 'n Go

2. Merchant sends a Touch 'n Go transaction request to PSP

3. PSP creates a Touch 'n Go payment request to MoneyCollect.

4. MoneyCollect returns redirect URL to Touch 'n Go payment page

5. PSP forwards the redirect URL to the merchant

6. Merchant redirects the consumer to the redirect URL which presents the Touch 'n Go QR code

7. Consumer scans the QR code using their Touch 'n Go app, clicks Pay within the app, enters their PIN within the app to authenticate and complete the payment

8. Consumer is redirected back to merchant’s return URL (browser session, not within the app)

9. Touch 'n Go sends success notification to MoneyCollect

10. MoneyCollect forwards its notification to the PSP

11. PSP sends Get transaction status to MoneyCollect

12. MoneyCollect returns the Transaction response to PSP

13. PSP sends succeeded notification to merchant; merchant informs shopper of success

TrueMoney

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Wallet	Thailand	THB	Yes
Refunds/ Partial Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

TrueMoney is a mobile wallet in Thailand, accounting for 50% of the local market share. It provides consumers with various innovative e-wallet services. Known as the Thai version of "Alipay", it is currently one of the main payment methods in Thailand. According to Alipay+ statistics, TrueMoney ranks No.1 in the Thai local market, with 15M registered users and 1.5M daily active users (DAU). The main business includes online and offline payment, stored value, cash withdrawal, transfer and remittance, taking the subway, etc.

Why TrueMoney

1.TrueMoney Wallet is an e-wallet to facilitate both customers, partners and employees to make cashless and cardless payments for everyday and everytime, including purchase goods or service at 7-11, mobile top-ups, bill payments, online and offline purchases, and much more.

2.True Money Wallet offers a variety of services. covers all expenses can be used instead of cash.At leading stores across Thailand, enjoy all the entertainment in the online world. without credit card requiring, internet top-up, call top-up, Easy Pass top-up, and MRT card top-up instantly as neededalong with other financial services and many privileges.

3.TrueMoney is operated by Ascend Money Group, with more than 50 million users (as of 2023) via our TrueMoney Wallet application and our agent network (TrueMoney Centers). 88,000 locations in 7 countries.

GCash

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Philippines	PHP	Yes	Yes	Yes	No	Immediate

GCash is one of the most popular e-wallets in the Philippines. Users sign up for GCash by registering with their mobile number and setting up a 4-digit Mobile Personal Identification Number (MPIN). After they register, they can start funding their GCash account by transferring funds from their bank accounts or by depositing cash at GCash stores.

Why GCash

1.GCash is the most popular digit wallet used in the Philippines. It has been gaining tremendous momentum and adoption over the last few years, and is a well-known brand name in Filipino households in the Philippines as well as overseas.

2.GCash partners include banks, insurance companies, retail chains, shopping malls, public service utilities, transportation agencies and many others. There is pretty much nothing you cannot do with GCash within the Philippines.

3.GCash is fully secure.Fund insurance that guarantees that GCash will handle any fraud or authorized access reports with top most priority and investigate them.Real time monitoring, detection and prevention of suspicious activity and fraud prevention.

Faster Payment System (FPS)

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Partial Refunds	Chargeback Risk	Payment Completion
Bank transfer	Hongkong	HKD, RMB	Yes	Yes	Yes	No	Immediate

The Faster Payment System (FPS) is a payment financial infrastructure introduced in 2018 by the Hong Kong Monetary Authority (HKMA) and operated by Hong Kong Interbank Clearing Limited (HKICL) to enable instant payments in Hong Kong, providing consumers and merchants a safe, efficient and widely accessible retail payment service on a 24/7 basis.

Why FPS?

1. FPS offers individuals and businesses a new choice and experience for making payments in multiple currencies – Hong Kong dollar (HKD) and Renminbi (RMB) – in real time.

2. Full connectivity among banks and e-wallets.

How it works

1. Customers choose an account to link up with mobile number or email address through internet banking, mobile banking or e-wallets

2. Go through verification to confirm the mobile number or email address

3. Customers may link up a mobile number or an email address with more than one bank or e-wallet and set one of them as default receiving account.

Octopus

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Partial Refunds	Chargeback Risk	Payment Completion
Wallet	Hongkong	HKD	Yes	Yes	Yes	No	Immediate

This service is an online payment service provided by Octopus Cards Limited (the "Company"), which allows users to use Octopus cards, Octopus wallets, Octopus mobile SIM cards, Octopus on iPhone or Apple Watch, Huawei Pay through the Octopus App Octopus or Smart Octopus in Samsung Pay to make online payments to various online merchants or service providers (collectively referred to as "Merchants").

How it works

1. Download the Octopus App and register your Octopus card number or Octopus Wallet.

2. Select "Octopus" as the payment method at the merchant's payment interface

3. Computer: Open the Octopus App to scan the QR code, and choose to pay with Octopus card/Octopus Wallet/Octopus Mobile SIM/Octopus on iPhone or Apple Watch/Huawei Pay Octopus/Smart Octopus in Samsung Pay Mobile device: Octopus App will automatically Activate and choose to pay with Octopus Card/Octopus Wallet/Octopus Mobile SIM/Octopus in iPhone or Apple Watch/Huawei Pay Octopus/Smart Octopus in Samsung Pay

4. By Octopus card: put the Octopus card on the back of the mobile device or on the Octopus Mobile Reader until the payment receipt is displayed; other methods: pay directly from the Octopus Wallet/Octopus Mobile SIM/Octopus on iPhone or Apple Watch/Huawei Pay Octopus /Deduction in Smart Octopus in Samsung Pay

DANA

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Indonesia	IDR	No	Yes	Yes	No	Immediate

DANA is an Indonesian digital wallet with over 30 million users. Users sign up for DANA by registering with their mobile number and setting up a 6-digit Personal Identification Number (PIN). After they register, they can start funding their DANA account by transferring funds from their bank account or making a cash deposit at a participating store.

Why DANA

1.This electronic wallet DANA,jointly launched by Ant Financial and the local Indonesian media giant Emtek,showed its ambitions after it went online,striving to bring the best online payment experience to Indonesian users.

2.DANA is an Indonesian digital wallet (part of Ant Financial OSP) with over 30 million users. It is an all-in-one app that allows users to safely make cashless and cardless payments for everyday usage.

3.DANA has also deeply integrated into the two leading e-commerce platforms in Indonesia,Lazada and Bukalapak.

Alipay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Global with Chinese consumers	Local currency	No	Yes	Yes	No	Immediate

TrueMoney Wallet, Thailand’s leading e-wallet, lets customers securely make cashless and cardless payments for all their everyday needs, including mobile top-ups, bill payments, online and offline purchases, and much more.

Why Alipay?

1. Leverage one of the most powerful brands in China and provide the lucrative mainland Chinese tourist segment with a seamless and familiar shopping experience.

2. Promote retail stores to mainland Chinese shoppers within the Alipay app easily, without language barriers. Merchants can promote to tourists before, during and after travel to Europe.

3. By using Alipay, merchants are able to remove typical purchase barriers - such as language and retail location - and drive sales with mainland Chinese tourists.

How it works

Wechat Pay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Global with Chinese consumers	Local currency	No	Yes	Yes	No	Immediate

One of China’s leading online wallets, WeChat Pay holds over 38% of mainland Chinese wallet share (iResearch Group) and counts over 800 million active users (Tencent). WeChat Pay supports e-commerce, peer-to-peer and online payments, as well as in-store transactions. H5 pages are a key WeChat promotional tool to enable merchants to seamlessly share content and engage users in the app. With H5 payment the consumer chooses WeChat Pay, is taken to the app and authorises payment with their payment password.

Why WeChat Pay?

1. 43% of China’s population are cross-border shoppers with cross-border e-commerce valued at US 217 billion.

2. WeChat has over 1.2 billion active users (Statista) and as H5 pages continue to gain in popularity, the payment method is an essential tool to extend consumer reach.

3. Leverage one of the most powerful brands in China and provide the lucrative mainland Chinese consumer with a seamless and familiar payment experience.

How it works

AlipayHK

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	HongKong	HKD	No	Yes	Yes	No	Immediate

AlipayHK is a popular wallet payment method available in Hongkong, with over 2,000 online and physical stores accepting it as a payment method making Hong Kong residents’ lives more convenient by integrating mobile payment into daily lives. Shoppers use the app to scan a QR code, and complete the payment through password or biometrics authentication.

Boost

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Refunds	Chargeback Risk	Payment Completion
Wallet	Malaysian	MYR	Yes	No	Immediate

Boost, established in 2017 by the renowned Malaysian telecom operator Axiata, initially focused on mobile recharge services. It has evolved to offer a comprehensive range of financial services, encompassing payments, microfinance, microinsurance, cross-border content services, and solutions for merchants. Boost aims to provide a one-stop financial service experience to its users.

Why Boost?

Boost, with a user base exceeding 10 million, holds about 22% market share and is one of the fastest-growing wallets locally. Its market coverage includes partnerships with over 200,000 merchants. This includes e-commerce platforms like Shopee and Lazada, digital entertainment merchants such as PlayStation, Steam, Spotify, food outlets like Burger King, KFC, Nando’s, and transportation services including Klia and RedBus.

BPI

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Refunds	Chargeback Risk	Payment Completion
Wallet	Philippine	PHP	Yes	No	Immediate

The Bank of the Philippine Islands (BPI), established in 1851, is not only the first bank in the Philippines and Southeast Asia but also one of the most profitable banks in the region. BPI account holders have the convenience of managing their banking operations and making online payments anytime, anywhere, through the BPI mobile application.

Why BPI?

The Bank of the Philippine Islands (BPI) boasts a significant user base of over 8 million bank clients, with an online user penetration rate of 50%. The typical user profile includes working professionals aged between 21 and 45, with bank account balances higher than those typically found in other local wallet services. BPI's app facilitates various transactions for its users, including transfers, recharges, bill payments, and making payments to over 600 merchants such as Lazada, Gmovies, LTS Malls, Easy Trip, among others.

The Bank of the Philippine Islands (BPI) has an extensive network of physical bank branches, covering 867 branches/sub-branches across the Philippines. Additionally, BPI provides a large network of ATM services with 2,323 ATMs and 499 Cash Deposit Machines available for customer convenience.

Rabbit LINE Pay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Refunds	Chargeback Risk	Payment Completion
Wallet	Thailand	THB	Yes	No	Immediate

In 2014, a joint venture in Thailand was established by three leading companies: Line, Thailand's largest social media platform with over 50 million users; BTS Group, the foremost public transport operator; and AIS, the largest telecom operator. This collaboration offers a service that allows users to engage in various online and offline activities, such as transferring money to Line friends, traveling with BTS, and topping up mobile phones. Additionally, users can recharge their accounts through multiple channels, including offline convenience stores and bank transfers.

Why Rabbit LINE Pay?

Rabbit LINE Pay, with over 8 million registered users, holds approximately 25% market coverage, ranking as the second most popular e-wallet in Thailand. The platform has partnerships with more than 300,000 merchants, including over 100,000 offline stores like McDonald's, DQ, Subway, Tesco, BigC, and Kerry Express. Its online merchant network includes Lazada, JD.com, Watsons Line Shopping, and AIS 5G operators.

Billease

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Refunds	Chargeback Risk	Payment Completion
Wallet	Philippine	PHP	Yes	No	Immediate

BillEase, launched in 2017 by the fintech company First Digital Finance Corporation, is one of the largest Buy Now Pay Later (BNPL) providers in the Philippines. It offers users the option to purchase goods through BNPL or installment plans, with repayment options including InstaPay, PESONet, various e-wallets, bank transfers, and over 22,000 offline retail stores like 7-Eleven, Cebuana, and Mlhuillier.

Why Billease?

In the Philippine market, BillEase has approximately 4.5 million users, predominantly among the emerging middle class, including Generation Z and millennials in the early stages of their careers. The platform collaborates with over 1,000 merchants, including notable names like Lazada, Toshiba, and Anson’s.

UPI Pay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Chargeback Risk
Wallet	Indian	INR	No

Unified Payments Interface (UPI) is an innovative, real-time payment system in India that facilitates inter-bank transactions through mobile devices, dramatically transforming the country's digital payment landscape.

Developed by the National Payments Corporation of India (NPCI), UPI was launched in 2016 to enable instant money transfers between two bank accounts on a mobile platform. With UPI, users can create a Virtual Payment Address (VPA) and link multiple bank accounts to a single mobile application, simplifying both peer-to-peer (P2P) and person-to-merchant (P2M) payments. This system eliminates the need to enter bank details or other sensitive information for every transaction, enhancing security and convenience. UPI has become India's most popular payment method due to its ease of use and the wide acceptance it enjoys among consumers and merchants alike.

South America

Boleto Bancário

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Cash	Brazil	BRL	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	Yes	No	Immediate

Boleto (meaning 'ticket') Bancário is an official Brazilian payment method, which is regulated by the Central Bank of Brazil. It is a push payment system which was launched in 1993 and today generates 3.7 billion transactions per year. In Brazil, where two-thirds of its 200 million population do not have a credit card, Boleto Bancário is highly popular, generating over 50 million transactions a month. Local and regional merchants often offer discounts for Boleto Bancário payments as there is no chargeback risk, and payments are made upfront.

Why Boleto Bancário?

1. Accounting for around 25% of all online payment transactions, offering Boleto Bancário is a must for doing business in Brazil.

2. There are literally thousands of payment points where a Boleto can be paid in Brazil: ATMs, branches and internet banking of any bank, post office, lottery agent, convenience store or supermarket.

3. When it comes to online purchases, Boleto Bancário is especially popular for high-ticket items because many consumers still do not feel secure in providing their payment details online.

How it works

1. On the merchant's checkout page, the consumer selects Boleto Bancário as their preferred payment method.

2. The consumer is presented with a slip containing the amount, payment identifier and information about the payment.

3. The consumer prints the payslip or writes down the reference number.

4. The consumer is redirected back to the merchant.

5. At one of the supported locations, the consumer presents the payslip/reference number and pays the order amount.

6. MoneyCollect receives a payment confirmation and notifies the partner/merchant about the payment status.

7. The merchant is notified of the payment status and can ship the goods.

PIX

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	BR	BRL	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	No	No	Immediate

Pix is a Brazilian bank-transfer payment method, created in 2020 by the Central Bank of Brazil (Bacen). Described as revolutionary, it enables any citizen with a deposit, savings, or prepaid payment account to make payments and transfers in a few seconds, at any time, 365 days a year.

Why pix?

750 institutions authorised by Bacen – with over 500,000 active customer accounts – must participate. Within 15 months over 12.4 billion transactions were carried out and 9.1 million companies had signed up (BC). By April 2022 Pix accounted for 11.5% of all e-commerce payments in Brazil.

how it works

1. On the merchant's checkout page, the consumer selects PIX as their preferred payment method.

2. The consumer is presented with a QR Code to be scanned and an EMV code is also provided in case the customer prefers to copy and paste instead of scanning.

3. After scanning the QR Code (or adding the EMV code) with their PIX mobile application (it can be a bank or wallet app), the customer receives the payment data to be reviewed.

4. The consumer confirms the payment.

5. MoneyCollect receives payment confirmation and creates a receipt on its platform.

6. The PSP confirms the payment confirmation on the MoneyCollect platform.

OXXO

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Cash	Mexico	MXD,USD	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	No	No	Immediate

OXXO is a chain of convenience stores from Mexico, with over 18,000 stores across Latin America. Established over 30 years ago, OXXO is reportedly the largest convenience store chain in Mexico. E-commerce consumers simply choose OXXO as the payment method, creating an instant voucher with a specific payment reference. Once they have taken this to an OXXO store and paid in cash, the merchant ships the products.

SafetyPay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring Payments
Bank transfer	BR, CL, CR, EC, MX, PE	BRL, CLP, CRC, GTQ, MXN, PEN, USD	No
Refunds	Payment assurance	Chargeback Risk	Payment Completion
Yes	No	No	Immediate

SafetyPay is a bank-transfer payment method that also offers cash-payment in several markets. This enables both the banked and the unbanked to participate in e-commerce and the digital economy. It’s supported by 380 banks worldwide. It guarantees real-time confirmation of each transaction and zero risk of chargeback or fraud. With bank-transfer and cash payment methods, you can sell to a large and growing segment of consumers who are online and want to shop, but who aren’t banked or don’t have a credit card.

Credit Card Mexico

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Chargeback Risk
Credit Card	Mexico	MXN	1~20,000	Yes

This include Mexican credit cards issued locally by Mastercard, Visa, American Express.

Credit Card Chile

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Chargeback Risk
Credit Card	Chile	CLP	1~1,000,000	Yes

This include Chilean credit cards issued locally by Mastercard, Visa, American Express, Webpay.

Credit Card Brazil

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Chargeback Risk
Credit Card	Brazil	BRL	0.5~50,000	Yes

This include Brazilian credit cards issued locally by VISA, Master, Hipercard, AMEX, Diners, ELO.

KLAP

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
BankTransfer	Chile	CLP	50~250,000	Users need to pay within 2 days. Users need to complete the payment within 15 minutes after opening Klap system.	No

Klap is a Chilean FinTech company revolutionizing payment solutions with a range of services including card transactions, electronic invoicing, and various digital payment options.

Klap, established in 2007 and formerly known as Multicaja, represents a new wave in payment processing in Chile. It offers a wide array of services that cater to modern transaction needs, including accepting credit, debit, and prepaid cards. The company maintains a strong focus on traditional services such as phone top-ups, bill payments, lottery games, and bank transfers. With a commitment to security and innovation, Klap provides modern POS machines and diverse online selling options. Serving over a million users and conducting more than 300 million transactions annually, Klap is a significant presence in Chile's FinTech landscape, authorized by the country's Central Bank and present in over 95% of its municipalities.

Todito

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Mexico	MXN	1~190,000	Instant	No

Todito is a digital wallet and financial platform, recently approved under the Fintech law, focusing on financial inclusion and catering primarily to young, digitally-savvy consumers.

Founded in 1999 by Mexican entrepreneur Guillermo Salinas Pliego, Todito received authorization in 2022 from the Comisión Nacional Bancaria y de Valores (CNBV) to operate as an electronic payment funds institution under Fintech law. The platform targets young consumers seeking their first financial products, offering a Visa debit card usable worldwide. Todito collaborates with TikTok to monetize content, allowing earnings to be deposited and used via Todito Cash. The company aims to expand to 15 million users by 2025, focusing on digital transactions and financial inclusion, with services including QR code transactions and the digitalization of SME payroll services.​

SPEI

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
SPEI (Bank Transfer)	Mexico	MXN	8~400,000	User need to pay within 3 days	No

A payment system in Mexico that enables users to make electronic funds transfers between bank accounts. SPEI (Sistema de Pagos Electrónicos Interbancarios) is a key component of Mexico's financial infrastructure, enabling real-time, electronic funds transfers between bank accounts. Developed by the Bank of Mexico, SPEI facilitates efficient, secure, and fast transactions, supporting both individual and business financial activities. It's widely used for various purposes, including bill payments, salary deposits, and peer-to-peer transfers, contributing significantly to the digitalization of the Mexican financial system and improving access to electronic banking services for a broad range of users.

Mach

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Chile	CLP	1~500,000	Users need to pay within 1 day	No

Mach is a Chilean e-wallet service for digital money management, payments, and financial services.

Mach, a digital bank and wallet in Chile, was created in 2017 as a Banco Bci spinoff to serve the unbanked population. It offers a free, prepaid digital account enabling users to make online and physical store purchases. Mach's partnership with EBANX expands its services to international online purchases. With over 3 million users, many being first-time account holders, Mach plays a crucial role in enhancing financial inclusion in Chile. Its adoption of a cloud-native banking platform has facilitated the rapid development of new services and the enhancement of customer experiences.

Khipu

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Chile	CLP	1~250,000* (Only Integer)	Users need to pay within 1 day	No

Khipu is a Chilean financial service company, offering innovative and inclusive payment solutions, inspired by the ancient Inca record-keeping system "quipu." Founded in 2012, Khipu began with a vision to create a payment service superior to PayPal, focusing on efficiency, error reduction, and fraud protection. Launched in 2013, Khipu has undergone significant developments, including capital increases, strategy shifts, and expansion plans. The company prides itself on offering a robust value proposition in the financial industry and maintaining strong security standards. By 2020, Khipu achieved solid positive cash flows, significantly influenced by the digital transformation trends accelerated by the pandemic. The company is not only a key player in the Chilean market but also aims to expand its influence globally.

Picpay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Brazil	BRL	~5,000/transaction ~20,000/person/day	Users need to pay within 3 minutes	No

PicPay is a Brazilian fintech company offering a digital wallet app that facilitates various financial transactions including money transfers, bill payments, and loyalty card storage.

Founded in 2012, PicPay has positioned itself as a key player in the fintech sector. The company's digital wallet app is designed for simplicity and integrates various services, enabling users not only to send and receive money but also to pay bills, store loyalty cards, and collect discount coupons. PicPay's approach combines payment services with marketing content, aiming to provide a comprehensive and user-friendly financial solution.

MercadoPago

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Brazil	BRL	0.01~10,000	Users need to pay within 1 day	No

MercadoPago is the leading online payment solution in Latin America, launched by the popular e-commerce platform MercadoLibre to facilitate secure and efficient online transactions.

Established in 2004, MercadoPago has grown to become a major player in the Latin American online payment landscape. It operates in key markets including Argentina, Brazil, Chile, Colombia, Mexico, and Venezuela. MercadoPago provides a digital wallet, allowing users to manage transactions like paying for goods and services, recharging mobile phones, and transferring money. It supports various payment methods, including credit cards, bank transfers, and cash payments. The platform caters to both individual users and businesses, offering features like payment processing, gateway services, mobile payments, credits, and debit cards. MercadoPago has also expanded its services to include payment links via social networks and a mobile app that supports person-to-person money transfers and QR code payments. As of 2013, MercadoPago had processed approximately 2.5 billion USD in transactions, highlighting its significant impact and growth in the digital payment sector in Latin America.

Loterica

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Brazil	BRL	4~2,000	Users need to pay within 10 days	No

Loterica is a prominent lottery network in Brazil, known for offering a wide range of lottery and financial services, and plays a significant role in the Brazilian lottery market.

Loterica is a key player in Brazil's lottery market, providing services that extend beyond traditional lottery games. It includes various lottery management and advisory services and has been influential in the sector for over two decades. The network operates primarily in São Paulo and greater São Paulo but has a presence in other states as well. Loterica's services include comprehensive control of lottery operations, offering tools for sales management, performance tracking, and financial management. The network has adapted to market changes and technological advancements, catering to both lottery entrepreneurs and participants in the Brazilian market.

DepositExpress

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Deposit Express (Bank Transfer)	Brazil	BRL	4~50,000	Users need to pay within 7 days. Users need to upload the voucher within 10 days.	No

Brazil DepositExpress is a payment solution offered by the Central Bank of Brazil, designed for easy online payments through local bank accounts, primarily serving the needs of online merchants and traders.

Brazil DepositExpress functions as a convenient and efficient online payment method, facilitating immediate processing for merchant payments. This solution is particularly beneficial for online transactions, allowing users to deposit funds into their trading accounts without incurring any additional fees. However, it's important to note that while deposits are available through this system, withdrawals are not supported. The platform is designed to cater to the specific requirements of the online trading community, ensuring secure and swift financial transactions in Brazil. Its adoption reflects the evolving digital payment landscape in the country, where such solutions are increasingly becoming integral to both personal and business financial management.

AME

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Brazil	BRL	0.1~15,000		No

Ame Digital is a virtual payment method developed by Americanas, a significant player in Brazil's digital payment landscape, offering a diverse range of financial services and features including cashback on purchases.

Launched in mid-2018, Ame Digital has rapidly gained traction with over 17 million app downloads and more than 3 million partner stores in Brazil. The platform functions as a digital wallet, enabling users to conduct various transactions such as bill payments, PIX, mobile recharges, and loan services. A distinctive feature of Ame Digital is its cashback system, where users receive a percentage of their spending back when shopping at partner stores, both online and offline. The app aims to simplify financial transactions by centralizing multiple services in one place, making it a convenient choice for users seeking an integrated digital payment solution.

Paypal

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Amount Limit	Expire Time	Chargeback Risk
Wallet	Brazil	BRL	0.1~15,000		No

PayPal Holdings, Inc. is a pioneering American multinational financial technology company that has been at the forefront of the online payments system globally, serving as an electronic alternative to traditional methods like checks and money orders.

PayPal, an American multinational financial technology company, was established in December 1998 and has been at the forefront of the digital payment revolution for over two decades. Initially known as Confinity, it later merged with X.com, founded by Elon Musk, and was renamed PayPal in 2001. The company specializes in online payments and serves as an electronic alternative to traditional methods like checks and money orders. PayPal became widely known for its payment processing services for online vendors and auction sites, including eBay, with whom it merged in 2002 before becoming an independent company again in 2015. By 2022, PayPal had generated revenues of $27.52 billion, operating in over 200 markets and providing services such as PayPal Credit, Venmo, and Xoom Corporation.

Global

Google Pay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Payment Assurance	Chargeback Risk	Payment Completion
Wallet	Where Google Pay is supported	Local currency	Yes	Yes	Yes	Yes	Immediate

Google Pay allows customers to make payments in your app or website using any credit or debit card saved to their Google Account, including those from Google Play, YouTube, Chrome, or an Android device.

How it works To make a payment online, customers select Google Pay as the payment method and select which payment credential they would like to use. These include credit and debit cards the customer may have used on any Google property.

Apple Pay

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Partial Refunds	Chargeback Risk	Payment Completion
Wallet	Where Apple Pay is supported	Local currency	Yes	Yes	Yes	No	Immediate

Apple Pay is a wallet that allows customers to pay using payment details stored on their iPhone, iPad, or Apple Watch.

Why Apple Pay?

1. Stay on the cutting edge of payments both online and in-store. Now more than ever, shoppers want a fast, simple, and secure checkout experience. That’s why by enabling Apple Pay, you can delight your customers in- stores, in-apps, and on the web and help boost sales.

2. Two-factor authentication makes transactions more secure and often results in fewer disputes compared to other payment methods.

How it works To make a payment online, customers select Apple Pay as the payment method and authorize the transaction via Face ID,Touch ID, or a passcode.

Klarna

Payment Method Type	Relevant Payer Geography	Transaction Currencies	Recurring payments	Refunds	Partial Refunds	Chargeback Risk	Payment Completion
Buy now, pay later	Global	SEK, EUR, CHFSEK, NOK, DKK, EUR, GBP, CHF, PLN	No	Yes	Yes	Yes	Immediate

Klarna is the leading global payments and shopping service, providing flexible shopping and purchase experiences to 90 million active consumers across over 250,000 merchants in 17 countries. Considered the market leader in buy now, pay later services in Europe, Klarna offers three payment methods: Pay now, Pay later, and Financing. Consumers select the Klarna payment option they prefer based on availability by country and merchant, and pay in 30 days or pay in three interest-free installments (UK).

How it works

1. The consumer selects to pay with Klarna in the merchant checkout.

2. The merchant creates a payment request to your system.

3. Your system forwards the payment request to MoneyCollect.

4. MoneyCollect creates an order session at Klarna to create the Klarna HPP.

5. After Klarna responds, MoneyCollect forwards you the response.

6. The merchant redirects the consumer to a Klarna HPP page where they continue with the payment.

7. The consumer selects the Klarna payment method they prefer based on availability (country, merchant).

8. After confirming the payment with one of Klarna’s payment methods (Pay now, Pay later, Financing), the consumer is redirected to the merchant’s success page.