Who was the first company to offer a digital wallet? From our list of best digital wallet companies, PayPal was the first digital wallet company.
Honestly, digital wallets have become a popular way for consumers to store and manage their financial information. With the increase in popularity, there are now many digital wallet companies on the market, each with its own unique features and benefits. In this article, we will discuss the top digital wallet companies and their year of start.
List of best E-wallet companies and the year they were founded.
1. PayPal (1998)
PayPal is one of the most well-known digital wallet companies in the world, having been founded in 1998. Originally founded as Confinity, the company later merged with X.com, which was founded by Elon Musk. Today, PayPal offers a range of financial services, including online payments, peer-to-peer payments, and payment processing for businesses.
2. Apple Pay (2014)
Apple Pay is a digital wallet service offered by Apple, which was launched in 2014. The service allows users to make payments using their iPhone, iPad, or Apple Watch. Apple Pay is integrated with Apple Wallet, which allows users to store their credit and debit cards, loyalty cards, and boarding passes.
3. Google Wallet (2011)
Google Wallet was launched in 2011 as a mobile payment system that allowed users to store their credit and debit cards, loyalty cards, and gift cards. In 2015, Google Wallet was rebranded as Android Pay, which later became Google Pay.
4. Venmo (2009)
Venmo was founded in 2009 as a peer-to-peer payment service that allows users to send and receive money from friends and family. The service is known for its social aspect, where users can see and interact with their friends’ transactions.
5. Square Cash (2013)
Square Cash was launched in 2013 as a peer-to-peer payment service that allows users to send and receive money. The service is known for its simplicity and ease of use, making it a popular option among consumers.
6. Samsung Pay (2015)
Samsung Pay was launched in 2015 as a mobile payment service that allows users to make payments using their Samsung devices. The service is known for its ability to work with both NFC and MST payment terminals, which allows users to make payments at almost any payment terminal.
7. Alipay (2004)
Alipay is a digital wallet service offered by the Chinese company Alibaba, which was launched in 2004. The service allows users to make payments online and in stores, as well as send and receive money from other Alipay users.
8. WeChat Pay (2013)
WeChat Pay is a digital wallet service offered by the Chinese company Tencent, which was launched in 2013. The service is integrated with the WeChat app, which is a popular messaging app in China. WeChat Pay allows users to make payments, send and receive money, and access a range of financial services.
Conclusion
Honestly, digital wallets have become an important part of the financial landscape, and there are many digital wallet companies on the market. PayPal, Apple Pay, Google Wallet/Google Pay, Venmo, Square Cash, Samsung Pay, Alipay, and WeChat Pay are some of the top digital wallet companies, each with their own unique features and benefits. By knowing the year of start of these companies, consumers can better understand the history and development of the digital wallet industry.