Moving on to investment opportunities, we've reached part three where we will examine financial banking software. First, we'll look at two prominent software examples, then we'll review popular financial banking software with a large user base.

As we mentioned before, we have designed a neobank startup, and to provide better analysis, we want to examine financial and banking software in several parts.

You can read the previous two parts through the links below

Investment Opportunities: Financial Banking Software: Advanced Neobank++ (1)

Investment Opportunities: Financial Banking Software: Advanced Neobank++ (2)

 

We'll start with two popular and widely-used software

src="/media/unnamed.png"google pay payment – credit card – google

Both Google Pay and Apple Pay are mobile payment solutions that allow users to make payments using their smartphones without using their physical bank cards. However, each has its own advantages and limitations.

Google Pay is available for Android and developed by Google. This app offers features like enhanced payment security, ease of use, and connectivity with over 2,000 banks worldwide. With Google Pay, you can pay in stores, at public transportation stations, on certain websites, and in apps that support Google Pay.

Apple Pay is designed as a competitor to Google Pay for iOS devices, allowing users to make payments via iPhone, iPad, and other Apple devices. With Apple Pay, you can securely and easily add your credit and debit cards to your device and make payments using Face ID or Touch ID. Apple Pay lets you pay in stores, in apps, on websites, in public transit payment systems, and at public transportation stations.

In terms of comparing these two software solutions, each has its own advantages and limitations. Google Pay is better for Android users, while Apple Pay is better for iOS devices.

Considering the differences in features offered by Google Pay and Apple Pay, users can choose based on their needs.

The major advantage of Google Pay is its integration with the Android operating system and greater connectivity with Google services. Additionally, this software supports smart cards and virtual bank card issuance.

On the other hand, Apple Pay offers features like enhanced security and fingerprint recognition through Touch ID or Face ID. This software is also compatible with the iOS operating system and uses Bluetooth for in-store payments and virtual bank card usage.

Overall, both software solutions are widely used and beneficial, and users can choose based on their needs.

Considering the differences in features offered by Google Pay and Apple Pay, users can choose based on their needs.

The major advantage of Google Pay is its integration with the Android operating system and greater connectivity with Google services. Additionally, this software supports smart cards and virtual bank card issuance.

On the other hand, Apple Pay offers features like enhanced security and fingerprint recognition through Touch ID or Face ID. This software is also compatible with the iOS operating system and uses Bluetooth for in-store payments and virtual bank card usage.

Overall, both software solutions are widely used and beneficial, and users can choose based on their needs.

Additional advantages of Google Pay and Apple Pay include:

• Easy use and payment using a smartphone

• Enhanced payment security with technologies like two-factor authentication and NFC technology for payment information transfer

• Faster payment in stores with more transaction tracking and payment process automation

• Ability to add bank cards

Credit card without needing physical presence at a bank or to get new cards, such as adding a credit card to Apple Pay using your smartphone camera

• Ability to use Google Pay and Apple Pay in stores, vouchers, and other online services with special discounts

Advantages of Google Pay include:

• Available in 29 countries worldwide

• Supports various bank cards, gift cards, and plane and train tickets

• Access to your transaction history and financial reports

• Ability to integrate with apps like Gmail and Google Photos

Advantages of Apple Pay include:

• Available in over 50 countries worldwide

• Ability to add bank cards to your iCloud account and then easily add them to Apple Pay

• Access to transaction history in the Wallet app

• Ability to use Apple Pay in online services with special discounts

Despite similar advantages and availability in many countries, both Google Pay and Apple Pay are currently recognized as the top two payment systems in the world. However, due to Apple Pay's larger user base and ease of use across Apple products,

src="/media/apple_pay__c08w264834sy_og-1024x538.png"advantages of Apple Pay download: payment

Apple Pay is currently available in over 60 countries worldwide, but some countries, including Iran, do not have access to this service. The list of countries where Apple Pay is available is as follows:

• Australia

• Germany

• Austria

• Spain

• Italy

• Belgium

• Brazil

• United Kingdom

• Bulgaria

• Canada

• South Korea

• Croatia

• Denmark

• United Arab Emirates

• United States

• Slovakia

Slovenia

Estonia

Finland

France

Netherlands

Hong Kong

China

Japan

Singapore

Sweden

Switzerland

Chile

Vatican City

Oman

Cyprus

Kazakhstan

Kuwait

Latvia

Lithuania

Luxembourg

Macau

Hungary

Malaysia

Egypt

Mexico

Norway

New Zealand

Portugal

Russia

Romania

Saudi Arabia

Sri Lanka

Slovakia

Switzerland

Taiwan

Thailand

Turkey

Germany

United States

United Kingdom

The exact value of these two financial software is difficult to calculate, as both operate as part of an international payment system owned by major companies like Apple and Google. However, based on market analysis, Apple's market value in 2021 was 2.4 trillion dollars. Additionally, Google's market value in the same year was 1.82 trillion dollars. In any case, these values pertain to the entire companies and their diverse products, and cannot be calculated specifically for the Google Pay and Apple Pay segments.

 

src="/media/2560px-Amazon_Pay_logo.svg_-1024x197.png"Payment – Amazon Pay Credit Card

Amazon Pay

Amazon Pay is an online payment service offered by Amazon. Using this service, users can make online purchases using the payment information saved in their Amazon account. This payment service, which online stores are built upon, is considered a competitor to PayPal, Google Pay, and Apple Pay.

Amazon Pay is highly secure, as it uses encryption technology. It also supports a security protocol called Amazon Pay and a fraud detection system called Amazon Fraud Detection Service to prevent cyberattacks. This payment service uses Amazon Web Services data centers for storing information.

Amazon Pay features include speed and ease of payment, as well as the ability to use discount codes and promotions and lower costs than other payment methods. Additionally, users can make payments at any store that supports this service using Amazon Pay.

Comparing Amazon Pay with other payment services also depends on specific conditions, and each of these services has its own advantages and disadvantages. However, for users who have an Amazon account and shop from this online store, using Amazon Pay can be a suitable option.

Currently, there is no precise information regarding the number of users and the exact value for the Amazon Pay payment system. However, to estimate, it can be said that the value of Amazon as a whole is very high, and it is recognized as one of the leading companies in the global online retail industry.

 

Google Wallet or Google Pay Send

Google Wallet or Google Pay Send is a tool that allows users to easily make payments through their mobile phone without the need to enter bank information. This tool uses NFC for physical payments and the Google Wallet API to add payment technology to various applications on the Android platform.

The main advantage of Google Wallet is that it uses whitelist security technology, and thus all payments made through this service are reviewed by the security system of one of the world's largest companies, Google.

The number of Google Wallet users after its merger with Google Pay cannot be measured, but given that Google Pay is currently active in over 30 countries and can be used to pay 2.5 million merchants, the number of its users can be estimated to be around 100 million.

Regarding the value of Google Wallet, it should be said that since this service is provided by Google, as one of the world's largest technology companies with high credibility, it has great value. However, it should be noted that this service is currently integrated with Google Pay and operates as a part of it.

src="/media/images.jpg"
PayPal
Credit Card – PayPal Payment

PayPal

PayPal is an online payment system that enables payments for buyers and receiving payments for sellers. This payment system was initially developed to facilitate email payments and gradually became recognized as one of the largest and most reputable online payment systems in the world.

As an online payment system, PayPal has the following advantages and features:

1. High security: PayPal uses advanced encryption technology and protects against fraud and security risks. Also, if a problem occurs with your payment, you can easily contact the PayPal support team directly via the email system.

2. Payment speed: With PayPal, you can pay quickly and complete your payments instantly.

3. Support for over 100 currencies: PayPal allows you to pay with more than 100 different currencies.

4. Flexibility: By using PayPal, you can easily pay and receive at any time and anywhere. You can also access the system anytime and anywhere through your mobile devices.

5. Seller support: PayPal also provides features for sellers. This payment system allows sellers to accept payments with cards

PayPal is one of the most famous online payment systems in the world. The company was founded in 1998 by Peter Thiel and Max Levich. This payment system allows users to send and receive payments worldwide without needing a bank card number. To use PayPal, users can connect their bank account to their PayPal account or use the PayPal electronic wallet.

The features that PayPal offers its users include:

• Sending and receiving online payments: PayPal users can easily send money to others or receive from them.

• Secure Online Purchases: PayPal allows its users to access online shopping through their PayPal accounts without needing to enter their banking information.

• Electronic Wallet Service: PayPal users can use their electronic wallet to make payments at stores and restaurants.

• Mobile Payments: PayPal users can easily make payments using their mobile application.

• PayPal Card Offering: PayPal users can request a PayPal debit card and use it for purchases at stores and restaurants.

As of September 2021, PayPal has over 400 million active users worldwide and a market value of approximately $330 billion.

Other benefits of PayPal include:

• Simplifying and speeding up the online purchasing process, enhanced security, and receiving support if payment issues arise.

• Ability to transfer money to other countries, even if you're not in the same country.

• Practical features for online sellers, including individual payments, custom payment gateways, and reporting tools.

• Ability to link to a bank account and withdraw funds from your PayPal account directly to your bank account.

• Educational and remedial programs for students and faculty members at universities.

Samsung Pay

src="/media/00NYvisAlon69Zj6S7H5BV3-14.fit_scale.size_1028x578.v1602519260-1024x576.png"Samsung Pay Credit Card Payment

Samsung Pay is another mobile payment application offered by Samsung that allows users to easily make payments using their mobile phones. Unlike some other mobile payment systems that require NFC technology, Samsung Pay uses MST (Magnetic Secure Transmission) technology, which means it can work with older, NFC-less merchant devices.

Some of the benefits of using Samsung Pay include:

• Use of MST and NFC technology

• Compatibility with over 1000 banks worldwide

• Ability to add ID cards and join loyalty programs

• Support for online payments

The exact number of Samsung Pay users is not available, but reports indicate that in 2020, Samsung Pay was available in more than 25 countries worldwide and had over 100 million active users. The exact value of this payment system is also not available, but in 2021, the value of the Samsung brand was $48 billion.

 

src="/media/visa-mastercard-logos.jpg"visa&mastercard Visa and MasterCard

Visa and MasterCard are both companies that issue credit and debit cards and are recognized as the two major credit card companies in the world. Below, we discuss their advantages, comparisons, value, and number of users:

Visa:

• Advantages:

  • Global acceptance: Visa cards are accepted in most countries and are useful for travelers.

  • Reward packages: Many Visa cards offer reward packages for specific expenses, such as online purchases or bill payments.

  • Security features: Many Visa cards have security features that help prevent fraud and card misuse.

• Number of users: There are over 3.3 billion Visa cards worldwide.

• Value: According to Forbes, the total value of Visa in 2021 was approximately $470 billion.

MasterCard:

• Advantages:

  • Global acceptance: Like Visa, MasterCard cards are accepted in most countries.

  • Reward programs: MasterCard cards offer various reward programs that can be beneficial for customers.

  • Travel programs: Many MasterCard cards offer travel programs that include special discounts for hotels, airline tickets, and rental cars.

The exact number of users for both companies is not available, but these two companies remain the two largest banking card networks in the world. Both companies offer cards under their names worldwide that can be used in most stores and other card-accepting locations.

VisaCard and MasterCard essentially have no major differences, and both support wireless payment technologies such as NFC and chip-and-PIN technology. However, there are also differences between them, including:

• Network access: In some countries, VisaCard may be accepted in more card-accepting locations, while in others, MasterCard is more widely accepted. For example, in the United States, VisaCard cards are more widely used.

• Minimum income: To obtain a VisaCard, the required minimum income might be lower than for MasterCard.

• Differences in card fees: VisaCard and MasterCard fees may differ in some cases. Credit card payment fees for merchants may also vary.

However, for consumers, the difference between VisaCard and MasterCard is minimal in most cases and depends more on how bank cards are accepted in different locations.

The number of Visa cards worldwide is over 3.5 billion and is accepted in most countries. The company earned a net profit of $21.5 billion in 2020.

Additionally, the number of MasterCard cards is also over 2.9 billion and is used in most countries. In 2020, the company earned a net profit of approximately $16.2 billion.

Overall, both companies have their own advantages and disadvantages, and this depends on the needs and usage of different users. Given that most stores and websites support both, the choice between the two cards may depend on other criteria such as fees and card issuance terms.

Visa and Mastercard are two giants in the payment industry, each with a very high value. According to available statistics, the market value of Visa is approximately $520 billion and the market value of Mastercard is approximately $370 billion.

These two companies are very strong in the electronic payment and credit card industry, and millions of merchants and card issuers worldwide use their services. Visa and Mastercard are both large companies that strive to play a significant role in electronic and mobile payments by improving security, speed, and ease of use.

In the following sections, we will introduce other financial and banking applications.

Thank you Mehrdad

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