What do the "Payment Method" categories mean in the dashboard?

Omoney groups payment methods into cards, internet banking, local bank transfer, mobile money, real time payments, voucher, and wire

Cards: Payments made with debit or credit cards. Examples:

  • Mastercard
  • Visa

Internet Banking: Payments made via real-time or synchronous internet banking from the bank itself or via a 3rd party payment gateway. Payment receipt is confirmed immediately upon transfer. Examples:

  • POLi (Australia & New Zealand)
  • PSE Bank Transfer (Colombia)
  • Online Banking (Philippines, Vietnam, Brazil)
  • Bank Payments (Nigeria, Mexico)
  • Instant EFT (South Africa)

Local Bank Transfer: Payments made via asynchronous or offline bank transfers. Omoney would need to verify the payment made before confirming the payment.

Mobile Money: Payments made via a mobile app or mobile provider. Examples:

  • Dana (Indonesia)
  • OVO (Indonesia)
  • LinkAja (Indonesia)
  • MPesa (Kenya, Tanzania)
  • MTN (Ghana, Uganda)
  • Vodafone (Ghana)
  • Tigo (Tanzania)
  • Airtel (Kenya, Uganda)

Real Time Payments: Payments made via real time payment systems. This typically doesn't need to be interfaced via a bank. Examples:

  • Paynow QR (Singapore)
  • PromptPay QR (Thailand)
  • PayID (Australia)
  • Sofort (Europe)
  • PIX QR (Brazil)

Voucher: Payments made asynchronously where a buyer takes note of a voucher number and makes payment through a terminal. This terminal can be a partnered retail cashier, ATM, online redirected URL, etc. Examples:

  • Boleto Bancário (Brazil)
  • Cash Payments (Brazil)
  • Fawry (Egypt)

Wire: Payments made via wire transfer. Examples:

  • SWIFT

For an exhaustive list of payment methods in your targeted countries, please refer to our list of countries & payment methods here.