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Pix is an instant payment platform created and managed by the monetary authority of Brazil, the Central Bank of Brazil (BCB), [1] which enables the quick execution of payments and transfers. [2] Pix was announced in the summer of 2019, [ 3 ] and was fully operational on November 16, 2020. [ 1 ]
Paytm was founded in August 2010 with an initial investment of US$2 million by its founder Vijay Shekhar Sharma in Noida, Delhi NCR.It started off as a prepaid mobile and DTH recharge platform, and later added debit card, postpaid mobile and landline bill payments in 2013.
BSNL Broadband (formerly DataOne) [3] is an Indian wireline broadband operator, a division of Bharat Sanchar Nigam Limited owned by Department of Telecommunications under Ministry of Communications of the Government of India. It provides both wired and wireless broadband services as well as many value-added services.
NETS operates Singapore's national debit scheme enabling customers of DBS Bank, POSB, HSBC, Maybank, OCBC Bank, Standard Chartered Bank and UOB to make payments using their physical/contactless ATM cards or mobile devices at more than 120,000 acceptance points in Singapore including major retailers, food courts, hawker centres, convenience stores and supermarkets.
Business support systems (BSS) are the components that a telecommunications service provider (or telco) uses to run its business operations towards customers.. Together with operations support systems (OSS), they are used to support various end-to-end telecommunication services (e.g., telephone services). [1]
QR code payment has helped mobile payment become the most popular method of payments in China, accounting for 83% of all payments as of 2018. [8] Nearly all shops, street vendors, most metro systems , buses , and taxis in Mainland China accept either WeChat Pay , Alipay , or Cloud QuickPass for payment.
In May 2005 the task force announced that an agreement had been reached to reduce clearing times for phone, Internet and standing order payments. [19] This committed the payments services industry to develop a system able to clear automated payments in no more than half a day – the so-called ELLE model – resulting in payment being received the same day if made sufficiently early.
In 2019, it went on to acquire a payment gateway system from Segovia, a financial technology company focused on cross-border payments. [5] The company was the subject of an initial public offering on the London Stock Exchange, which valued the company at £851 million, in July 2023. [6] [7] [8]