Paypal (www.paypal.com): PayPal Holdings, Inc. is an American multinational financial technology company
operating an online payments system in the majority of countries that support online money transfers, and
serves as an electronic alternative to traditional paper methods such as checks
and money orders.
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Bitcoin (www.bitcoin.org): Bitcoin is an anonymous decentralized digital currency that enables instant
payments to anyone, anywhere in the world. It’s the first practical implementation of a crypto currency, a
form of money that uses cryptography to control its creation and management, rather than relying on
central authorities.
Alipay (www.alipay.com): Alipay is a third-party mobile and online payment platform, established in
Hangzhou, China in February 2004 by Alibaba Group and its founder Jack Ma. In 2015, Alipay moved its
headquarters to Pudong, Shanghai, although its parent company Ant Financial remains Hangzhou-based.
Wechat Pay (paywechat.com): WeChat Pay is a mobile payment and digital wallet service by WeChat based
in China that allows users to make mobile payments and online transactions. As of March 2016, WeChat Pay
had over 300 million users. WeChat Pay’s main competitor in China and the market leader in online
payments is Alibaba Group’s Alipay.