FinTech Magazine Top100 Companies 2023 | Page 18

TOP 100 COMPANIES

79

Apple Pay

Founded in 2014
CEO: Tim Cook
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80

Paytm

Founded in 2010
CEO: Vijay Shekhar Sharma
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Founded in India, Paytm is a multinational fintech specialising in digital payments and financial services. Founded in 2010, the fintech offers mobile payment services for consumers, giving retailers the option to receive payment via QR codes, online payment gateways and point of sale. Using its digital wallet, consumers can make payments at over 21 million stores, websites and apps partnered with Paytm. Financial services offered by Paytm include microloans and buy now pay later solutions. The fintech also offers ticketing services, online games and retail brokerage services.
Apple Pay is the mobile payments service by Apple. It allows users to make quick, seamless payments using mobile for purchases in iOS apps, in brick-and-mortar stores and on the web. Not only is it supported by iPhone, but Apple Pay users can complete payment using their Apple Watch, iPad and Mac. Allowing users to store multiple cards and eTickets in its digital wallet service, Apple Pay transactions can also be used on public transport networks. Using the EMV Payment Tokenisation Specification, Apple Pay keeps consumers’ payment details private from the retailers by replacing credit or debit card funding primary account numbers( FPANs) with tokenised device primary account numbers( DPANs).
Payments
United States
Payments
India
18 2023