SQUARE,MOBIKWIK , TRANSFERWISE,STRIPE AND WEPAY are among the biggest start ups across the e payments vertical. These are ranked by CB Insights’ Company Mosaic score(s public data and predictive algorithm), names in the electronic payment industry start ups. Most of the start ups above fall into one of two categories: point-of-sale solutions or secure payment-processing.
Traditional online payment solution involves the combination of a merchant account and a payment gateway (like Authorize.net, CyberSource, Merchant One, and eWay amongst others).The next evolution of payment solutions (like PayPal) combined the merchant account and payment gateway into one solution.
However both of these above solutions often redirected off of your website to pay for an order, creating a less favorable checkout experience. This is where companies like Square,Mobikwik and Stripes have started to disrupt the market.Both Stripe and Square recently received multibillion dollar valuations and Stripe recently struck a highly publicized deal with Pinterest, in which Stripe will power Pinterest’s “Buyable Pins” feature.
Affirm offers loans and payment plans for large purchases, while MobiKwik aims to serve as a mobile wallet.Square and iZettle both offer credit-card readers and point-of-sale solutions for small businesses
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