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Snapchat, for instance, uses Square, a payments firm, which also operates Square Cash.
As for another likely competitor, PayPal, he says, "They are focused on being a payments company.
"We are long overdue for a payments user interface for the web".
In other words this was not – as the government had claimed – a "payments by results" programme.
Companies like Stripe, a payments company, hope to become replacements for PayPal and others.
"Data breaches are one thing," noted David Robertson, the publisher of The Nilson Report, a payments industry newsletter.
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Clegg will announce the scheme will be operated on a payments-by-results basis.
"It's a payment".
And what is a "payment"?
I forewent a payment.
Now, with a payment to the I.M.F.
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