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Alternative payment methods

Eurpoe

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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. 1.
    With giropay, consumers can checkout online using their usual online banking with PIN and TAN. No extra login or registration required.
  2. 2.
    Merchants will receive a payment guarantee straight after successful giropay transactions (up to EUR 10,000), enabling immediate processing and fulfilment.
  3. 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. 1.
    On the merchant's payment page, the consumer chooses to pay online via giropay.
  2. 2.
    They are redirected to the MoneyCollect-hosted bank selector page.
  3. 3.
    The consumer selects the bank and is redirected to the bank's online banking page to complete the payment.
  4. 4.
    They login to online banking and confirm the payment.
  5. 5.
    The consumer is redirected to the merchant's website.

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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. 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. 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. 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. 1.
    The consumer selects Sofort as their preferred payment method.
  2. 2.
    They are redirected to a payment page where they are presented with a list of supported banks.
  3. 3.
    The consumer selects a bank from the list and authenticates using their login credentials and TAN in order to confirm the payment.
  4. 4.
    The merchant receives the payment confirmation.
  5. 5.
    The merchant can ship the order/deliver the goods to the consumer.

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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. 1.
    iDEAL cite a 60% market share in the Netherlands, making it easy for merchants to reach millions of Dutch consumers
  2. 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. 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. 1.
    The consumer selects iDEAL as their preferred payment method.
  2. 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. 3.
    If:
    1. 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. 2.
      The consumer scans their QR code, they must confirm the payment in the banking app.
  4. 4.
    The merchant receives the payment confirmation.
  5. 5.
    The merchant can ship the order/deliver the goods to the consumer.

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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. 1.
    Brand recognition: According to Przelewy24, 87% of users in Poland recognize their brand.
  2. 2.
    Popular payment type: Bank transfer methods are hugely popular in Poland, representing 47% of online payments.
  3. 3.
    Strong security: Przelewy24 cites that 84% of survey respondents consider the payment service safe.
How it works
  1. 1.
    The consumer selects the payment method on the merchant checkout page.
  2. 2.
    They are redirected to the P24 payment page where they choose their bank or provide their BLIK code.
  3. 3.
    They are redirected to the bank’s online banking portal.
  4. 4.
    To confirm the transaction, the consumer logs in to the online banking portal.
  5. 5.
    They are redirected back to the merchant’s website for payment confirmation.

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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. 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. 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. 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. 1.
    The consumer selects MyBank on the merchant's checkout page.
  2. 2.
    They are redirected to the MoneyCollect-hosted bank selection page.
  3. 3.
    The consumer selects the preferred bank.
  4. 4.
    They enter the bank details and approve the payment.
  5. 5.
    The consumer is redirected back to the merchant.

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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. 1.
    With more than 300 banks in Poland and 10 banks in the Czech Republic, PayU regularly conducts UX audits for conversion optimisation.
  2. 2.
    PayU provides access to Pay-by-Link, which is the preferred payment method in the Polish market.
  3. 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. 1.
    The consumer selects the payment method on the merchant checkout page.
  2. 2.
    They are redirected to the PayU payment page.
  3. 3.
    On the payment page, they enter their bank details and approve the payment.
  4. 4.
    The consumer is redirected back to the merchant.
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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. 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. 2.
    According to eps, the payment method has over 1,000 online merchants and over 80% of online merchants in Austria accept it.
  3. 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. 1.
    On the merchant's payment page, the consumer chooses to pay online via eps.
  2. 2.
    They are redirected to the MoneyCollect-hosted bank selector page.
  3. 3.
    The consumer selects the bank and is redirected to the bank's online banking page, where they complete the payment.
  4. 4.
    They log in on the banking app and confirm the payment.
  5. 5.
    The consumer is redirected to the merchant's website

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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. 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. 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. 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. 1.
    The consumer purchases a paysafecard voucher.
  2. 2.
    On the merchant's checkout page, the consumer selects paysafecard as their preferred payment method.
  3. 3.
    They are redirected to the paysafecard page, where they enter the 16-digit voucher code and submit the payment.
  4. 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. 5.
    MoneyCollect receives a payment confirmation and notifies the partner/merchant about the payment status.
  6. 6.
    The merchant is notified of the payment status and can ship the goods.
​

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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. 1.
    Bancontact continues to be the strongest payment brand in Belgium, and the preferred method of payment for Belgians in 2020 (iVox).
  2. 2.
    There is no chargeback risk, which is a unique feature for debit cards, protecting merchant revenue streams.
  3. 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. 1.
    The consumer selects Bancontact as their preferred payment method.
  2. 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. 3.
    If:
    1. 1.
      The consumer chooses to enter their PAN, and they are redirected to their issuing bank for a 3DS authentication.
    2. 2.
      The consumer scans their QR code they confirm the payment in the Bancontact app.
  4. 4.
    The merchant receives the payment confirmation of the payment.
  5. 5.
    The merchant can ship the order/deliver the goods to the consumer.
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Asia

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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. 1.
    With a 29% market share, bank transfer payments are the second most popular method of payment in Indonesia.
  2. 2.
    Banks for bank transfer include Indonesia top 10 banks: Bank BRI, Bank Danamon, Bank Mandiri, CIMB Niaga, Maybank Indonesia and Permata Bank.
  3. 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. 1.
    The consumer checks out on the merchant's webpage.
  2. 2.
    You send a transaction request to MoneyCollect.
  3. 3.
    MoneyCollect sends a redirect URL to you or the merchant.
  4. 4.
    The merchant forwards the redirect URL to the consumer’s browser.
  5. 5.
    The consumer selects the Bank Transfer payment channel and requests a payment code from their preferred bank.
  6. 6.
    DOKU shows the generated Payment Code to the consumer, along with the payment instructions.
  7. 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. 8.
    DOKU notifies MoneyCollect of the result.
  9. 9.
    MoneyCollect responds to the notification.
  10. 10.
    MoneyCollect sends you a transaction response.

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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. 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. 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. 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. 1.
    Bank account penetration in Thailand is strong, currently standing at 82% and contributing to bank transfer payments maintaining 24% market share .
  2. 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. 3.
    Thailand cross-border e-commerce is valued at USD 1.9 billion, and 49% of Thai online consumers are cross-border shoppers.

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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. 1.
    Large consumer base: Bank transfers are the most popular method of payment in Malaysia (46%) where 85% of the population are banked.
  2. 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. 3.
    Freedom of payment selection: Through one connection, merchants offer consumers access to 18 bank payment channels.

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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. 1.
    Go-to-market for international merchants does not require a physical presence in Japan.
  2. 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. 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. 1.
    The consumer selects Pay-easy as the payment option and submits the order.
  2. 2.
    The consumer is redirected to a payment selection page and selects pay at ATM.
  3. 3.
    The consumer receives a payment number which they either memorise or write down to take to the ATM.
  4. 4.
    The consumer selects the option to pay tax and fee transfer at the ATM and enters the payment number.
  5. 5.
    The consumer makes a payment with cash or card.
  6. 6.
    The transaction is successfu

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

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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. 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. 2.
    No local entity required.
  3. 3.
    One integration: part of the Ant Financial OSP offering.

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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. 1.
    Consumer conducts the checkout process on merchant's webpage; selects Touch 'n Go
  2. 2.
    Merchant sends a Touch 'n Go transaction request to PSP
  3. 3.
    PSP creates a Touch 'n Go payment request to MoneyCollect.
  4. 4.
    MoneyCollect returns redirect URL to Touch 'n Go payment page
  5. 5.
    PSP forwards the redirect URL to the merchant
  6. 6.
    Merchant redirects the consumer to the redirect URL which presents the Touch 'n Go QR code
  7. 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. 8.
    Consumer is redirected back to merchant’s return URL (browser session, not within the app)
  9. 9.
    Touch 'n Go sends success notification to MoneyCollect
  10. 10.
    MoneyCollect forwards its notification to the PSP
  11. 11.
    PSP sends Get transaction status to MoneyCollect
  12. 12.
    MoneyCollect returns the Transaction response to PSP
  13. 13.
    PSP sends succeeded notification to merchant; merchant informs shopper of success

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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.

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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.

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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. 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. 2.
    Full connectivity among banks and e-wallets.
How it works
  1. 1.
    Customers choose an account to link up with mobile number or email address through internet banking, mobile banking or e-wallets
  2. 2.
    Go through verification to confirm the mobile number or email address
  3. 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.

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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. 1.
    Download the Octopus App and register your Octopus card number or Octopus Wallet.
  2. 2.
    Select "Octopus" as the payment method at the merchant's payment interface
  3. 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. 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
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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.
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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. 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. 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. 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

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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. 1.
    43% of China’s population are cross-border shoppers with cross-border e-commerce valued at US 217 billion.
  2. 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. 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

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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.

South America

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Boleto Bancário

Payment Method Type
Relevant Payer Geography
Transaction Currencies
Recurring Payments
Cash
Brazil
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BRL
No