micropayment


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micropayment

An electronic commerce transaction of very low value. It may refer to charging just a few cents or even a fraction of a cent for a transaction such as an information lookup. It may also refer to aggregating several small-value purchases and charging a credit card at the end of the day or some other period for the total amount. See microcommerce.
References in periodicals archive ?
"Ultimately, I would love to have every person who joins our ecosystem make a few hundred or a few thousand dollars a month just by monetizing their data through this micropayments marketplace.
These include our partnership with CDNS whereby their customers will get access to alternate delivery channels, the project with National Bank of Pakistan for digitising government receipts and payments, and the efforts to create a micropayments gateway in the country at the State Bank of Pakistan,' he said.
After debuting as iMoneza in March of 2015, Wallit (wallit.io) has not only changed its name, but shifted its primary focus from micropayments toward maximizing the power of subscriptions.
In fact, in our micropayment system, we can adopt the following price model:
"This award further establishes Nearex's position as a leader in the Micropayment domain where its Xip solution has proven that it is all set to drive financial inclusion of millions of small merchants across emerging markets and make small daily cashless payments a reality with smart use of fast growing mobile money and mobile wallets."
Micropayments became increasingly significant in credit card and debit card transactions in South Korea.
The announcement came just days after a profile of Canada's Winnipeg Free Press, which has been using micropayments as part of its paid digital-access strategy.
Someone has to build those viable, privacy-preserving micropayment systems but Silicon Valley is known for its entrepreneurial spirit, right?
They serve several vital functions: Not just protecting their users from government and private thievery, but also making "micropayments" - the holy grail of Internet commerce in very cheap things - feasible and making borders economically superfluous.
Bank card was the preferred online payment option in B2C E-Commerce in 2012 in France, followed by micropayment services.
Innovative solutions in micropayment systems, transport applications and municipal services are on a very high level in the Czech Republic and people in this area are creative and breakthrough ideas.
Indeed, according to Franceso Burelli, principal at Value Partners, a new trend of micropayment is emerging, again in the youth segment.