Net Bank
Net Bank is a virtual counter of the bank to provide network technology for the customer to complete some traditional services such as opening an account, inquiries, transfer, online securities, investments and financial management. By comparison with traditional bank services, online banking cuts down operating cost. There are no time or location limits, the bank can offer services anytime and anywhere, even anyhow. Furthermore, net bank provides a variety of personalized services, such as insurances, securities and other financial products.
PayPal
PayPal allows any business or individual with an email address to transfer money online in a more secure, convenient and efficient way. The network is based on the existing bank account and the credit card to create a real-time payment solution. (PayPal.com 2017, cited: 30.09.2017) PayPal is the most popular third-party online payment system in the world. It has 8 million transactions every day and has over 137 million PayPal accounts in 193 markets and includes 26 currencies that it can transfer all over the world.
Google Wallet
Google Wallet is a peer-to-peer payments service produced by Google Company. Google Wallet must link to an existing credit card or bank account in the US. Payment transfer is completed by using an email address or a phone number. The most important revolution is that Google Wallet released real card to connect to user’s accounts so customers can use Google wallet at retails businesses. It can also be used like a debit card to withdraw cash at ATM. Unfortunately, Google Wallet card was abolished on June 30, 2016.
Amazon Payment
Amazon Payment was launched in 2007 by Amazon Company. It is an online payment system which is owned by Amazon.com. The customer does not have to leave the site to complete a transaction. It is safe and fast way to buy products online.
Authorize.Net
Authorize.Net provides a payment gateway service. It allows merchants to accept credit payment through their website and over an Internet Protocol connection. Since 1996 there are around 375,000 merchants and more than 88 billion dollars transactions in 2015.
Wechat Wallet
In China, Wechat payment is the most widely used payment gateway with the mobile phone, based on Wechat app. By linking your debit cards to Wechat payment is enough to complete transaction. In Wechat Wallet there are plenty of payment methods:
• Quick Pay: Vendors scan the QR code shown by customers on the Quick Pay page to finish transaction.
• QR Code Payment: Vendors create different QR codes for different goods. After users scanning these codes, customers can see related product information and transaction guides on their phone.
• In-App web-based payment: Vendors push product messages to their followers via the official account. With Wechat payment enabled, their followers can purchase products on the shopping page.
• In-App payment: Vendors can integrate Wechat Pay SDK (software development kit) into their apps. When users make payment in other apps, Wechat will be authorized to process the payment. Once the transaction is done, the page will redirect to the other app.
AliPay
In 2013, AliPay overtook PayPal as the world’s largest mobile payment system. It is used by more than 5 percent of world’s population. Up to now, there are 270 million user accounts. The amount of mobile payment transactions peaked 1.97 million times. Alipay is operated by Ant Financial of China, which is one of the largest FinTech companies in the world. Alipay is a way to pay for goods and services online, but now it is more than that. It is a global lifestyle “super app”.
