Online Payment Solutions: Our Top Picks

The volume of digital payments has surged in the past decade. Data shows that the volume of these payments this year will surge to over $9.6 trillion. They will continue this growth and hit over $14 trillion by 2027. As a result, there are many online payment methods that are taking advantage of this growth. This article will look at some of the most popular ones.


Affirm is a publicly traded company that provides Buy Now Pay Later (BNPL) solutions. BNPL is a service that lets people buy items on credit and then pay it in equal instalments. Users don’t pay interest if they choose to pay back the money in four instalments. It makes money by taking a small commission from the retailer.

Affirm has become popular in the United States, where it serves over 16 million customers and more than 207k merchants. This number will likely continue growing since many people believe that BNPL is a better option than credit cards. Other popular BNPL companies are AfterPay, Zip, and Klarna, among others.


PayPal is a giant payment company that provides numerous services to companies and individuals. Its primary solution is that it enables people to send money to their friends and relatives. It also enables online companies to accept payments from global users.

Further, PayPal owns Venmo, a peer-to-peer payment service used by millions of people in the US. Other payment services offered by PayPal are BNPL and coupons. Its coupon service is offered primarily by Honey, a company it acquired for $4 billion.

Apple Pay

Apple is the biggest company in the world with a market cap of almost $3 trillion. Users love Apple for the quality of its hardware and software products. They also love it for its strong ecosystem, which is made up of devices that work together. 

As its ecosystem grew, Apple introduced Apple Pay, a solution that powers its universe. All payments such as App Store are handled by the system. Apple Pay is also accepted by many e-commerce and retail stores. Users can pay using its physical card or your online wallet. Apple Pay is used by over 500 million customers.


Wise is a publicly-traded British company that provides numerous payment services. The primary service that Wise provides is the ability to send money internationally at a lower cost. Companies can also pay their freelancers using the platform in a few steps.

Additionally, Wise has introduced a feature that lets people create multi-currency bank accounts online. This means that anyone can have a single account with funds in different currencies. They can then easily transfer these funds to their local accounts. 


Noda is a fast-growing open banking service that lets companies accept payments on their websites. By adding Noda payment methods, companies facilitate payments for their clients. Its bank payments infrastructure is connected to more than 90% of all European banks like Lloyds, Deutsche Bank, and Santander among others.

Noda competes with the likes of Stripe and Adyen, which also provides payment services to companies. Customers love it for its lower commissions, reliability, and its advanced analytics tools.


Adyen is a payment company listed in Amsterdam, where it is valued at almost 50 billion euros. The company provides payment processing services to over 70,000 companies, including well-known brands like Bolt, Uber, eBay, Spotify, and Wix among others. Like other companies, Adyen takes a small commission for all sales it handles.

Final thoughts

There are thousands of payment methods around the world. Some, like those mentioned, are international while others like M-pesa are national. As seen, there are payment methods in various areas like peer-to-peer, cryptocurrencies, online wallets, and lending platforms. Some of the other notable payment solutions are Coinbase, Google Pay, Amazon Pay, and eBay Managed Payments among others.

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