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Sweden's four big mobile-phone operators clubbed together to launch WyWallet, their own payment system, in the middle of 2013.
The third tier is the more difficult larger countries like the U.K., U.S., where there's competition concerns, but also larger publishers that can supply their own payment system".
It also serves as a timely reminder to other users never to pay for an Airbnb reservation outside its own payment system.
The billing system, which is clunky and displays inscrutable error messages, wouldn't let me use Google's own payment system, Checkout – the same system I used when I bought a domain name weeks ago.
The U.K. uses its own payment system.
Will you do your own payment system?
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"As private companies, these companies decide their own payment systems.
NCBs still maintain their own payment systems, even though the Eurosystem has its own, TARGET.
China and Russia are setting up their own payment systems to lessen their dependence on American banks.
Interestingly, this seems to be precisely the sort of idea being promoted by the new Liberal Democrat health minister, Norman Lamb, who is planning to support a series of large-scale integrated care "experiments" that could allow local health economies to devise their own payment systems.
Major corporations are recognizing the value of this technology and starting to implement it themselves -- there is utterly nothing that prevents a GE or IBM from developing their own payment systems for their customers and vendors based on Blockchain, and they rapidly moving to do so.
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