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A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers, and those who accept them, i.e. retailers. [1]
In 2015, the average Dubai customer saved over AED 6,000 (US$1,600) with the Entertainer App, which has seen over 2 million buy one get one free mobile offers redeemed in the UAE alone. [7] In July 2018, Bahrain's’ GFH Financial Group announced an investment partnership with Al-Futtaim and Al Zarooni Emirates Investments to complete its ...
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1] The payment gateway may be provided by a bank to its customers, but can be provided by a specialised ...
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Stripe provides application programming interfaces that web developers can use to integrate payment processing into their websites and mobile applications. [ 35 ] The company introduced Stripe Connect in 2012, a multiparty payments solution that lets software developers embed payments natively into their products.
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