Instruction
Authorization
Processing
Settlement
A mobile wallet represents electronic money
Article copy will be inserted here.
The payment starts with an instruction
Article copy will be inserted here. USSD and mobile apps are mentioned only as ways to initiate a payment, not compared as products.
Transfers within one provider take a shorter path
Article copy will be inserted here.
Cross-provider payments need interoperability
Article copy will be inserted here.
Authorization and settlement are different stages
Article copy will be inserted here.
What happens when a payment does not complete
Article copy will be inserted here.
Merchant payments add a different type of recipient
Article copy will be inserted here.
Mobile money, mobile banking and instant payments describe different things
Article copy will be inserted here.