For this group, conveniences that we take for granted such as government-issued IDs and documentation, access to online banking, online payment infrastructures, direct deposit of wages, and government benefits are beyond their reach.
The online payments infrastructure, like many parts of the financial sector, is underdeveloped.
Patrick recognizes that 2014 will be about execution, and furthering his and John's goal of making Stripe the AWS for online payments infrastructure.
Meanwhile, our ecosystem infrastructure services such as online payment and cloud-based services saw significant progress in adoption and usage," Chairman and CEO Pony Ma said in a statement.
Online payment was also a hurdle.
Of online payment processors, PayPal is considered the gold standard.
Tencent then added online payment features to WeChat.
Some online payment services also provide such coverage.
Those may include technical or payment infrastructure start-ups, like those that allow micropayments.
EBay owns PayPal, an online payment service.
