December 2, 2015
The global market of online payments is one of the fast growing in 2015. According to the Royal Bank of Scotland research, an overall growth rate of global non-cash transactions is 7.6%. Among the top ten countries with the fast growing non-cash rates are Russia (33.4%) and China (37.7%). It is a large, growing, and profitable segment of financial services.
Non-banks transactions reached 20% of total non-cash payments. This segment includes closed loop cards, mobile payments, payment system providers (PSPs), digital wallets and virtual currencies.
It should be mentioned, that because of the attractiveness of this market hundreds of new payment system providers or simply E-wallets appear on the market every year. These companies are fighting f ...