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Advantages of Alternative Payment Methods

New payment methods of PayOp

PayOp is a payment aggregator for different types of businesses. The history of PayOp payment system began in 2016. PayOp allows to accepts payments in more than 170 countries in Asia Pacific, Latin and North America, EEA, Russia, Ukraine and CIS. It has offices in USA, Great Britain, Singapore and Ukraine. Businesses can choose from over 300 payment methods from Visa, Mastercard and local card acquiring to many other alternative payments, such as e-wallets, bank transfers, internet banking and prepaid vouchers.

PayOp is constantly expanding the list of methods to make accepting payments for online stores, websites, mobile applications and services even more convenient.
Below are reviewed the most interesting payment methods PayOp ( recently added to the list.
PayOp Webmoney payment method

Webmoney is an e-wallet of an international electronic payment system. Almost 10,000 new users register daily and there are already more than 38 million users. There are ten types of wallets in the WebMoney system today. WebMoney e-wallet, in fact, is the same “plastic card” on which you can receive money and spend them either online or turn electronic WebMoney wallet money into paper banknotes. Usually, users pay for various goods and services, transfer money to relatives, repay debts and pay for the work of remote specialists. One downside is that one can make a transfer only between WebMoney wallets of the same type or would need to make an exchange. Webmoney ia available at Armenia, Georgia, Israel, Lithuania, Moldova, Uzbekistan, Thailand, Ukraine, Thailand, Kyrgyzstan, Latvia, Tajikistan, Turkey, Azerbaijan, Russia, Panama, Kazakhstan, United Kingdom, Turkmenistan, Japan, Belarus.

India Unified Payments

Pacific Asia, India

Unified Payments Interface is a real-time instant payment system developed by the National Payment Corporation of India, which simplifies interbank transactions. It now fulfils most of all digital transactions in the country. However, not all banks connected to the system yet. The system works 24/7 and enables users to send and receive money from their smartphones using just their Aadhaar unique identity number, mobile phone number or virtual payments address without entering bank account details.

Net Banking India
Net Banking allows to complete all banking transactions instantly at the comfort of home or office or on the go. It provides over 200 transaction types, including bank transfers and credit, debit and prepaid cards. Customers use Net Banking to manage an account, transfer funds, pay bills or loans, make investments, and more.

RuPay service was created in 2012 by NPCI and is available everywhere in the country, including urban and rural areas. RuPay cards’ popularity is growing and becoming a favorite among the users. As of March 2019, it issued 600 million cards and holds about 30% market share by volume and value of transactions made. RuPay card owners can use the service for ATM withdrawals, online transactions, and card payments. It has a faster processing time than Visa and MasterCard and a lower processing cost.

PayTM Wallet
PayTM is India’s e-commerce payment system. It has over 200 million active users, which makes it one of the biggest online payments platform in the country and surpasses banks in both the number of customers and volume of transaction it processes. People can use it for online and in-store instant payments after depositing cash via online banking, debit cards, and credit cards, or even by depositing cash via select banks and partners. One big advantage is that wallet users can pay even without the internet connection using QR or bar code and one-time password.
Indonesia Virtual Accounts and Wallet


Virtual Accounts
Businesses can assign a virtual account to each of their customers for easy payment collection across a range of banks and customer identification. Keeping track of receivables and doing payment reconciliation is much faster and simpler.

Xendit Wallet
80% of transactions in Indonesia occur via bank transfer. Xendit is the best payment gateway in Indonesia and Southeast Asia. This is a mobile wallet designed to serve peer-to-peer payments.
Latin America PSE bank transfer and Cash

Latin America


PSE bank transfer for Banco Agrario, Banco AV Villas, Banco Caja Social, Banco Colpatria, Banco Cooperativo CoopCentral, Banco Davivienda, Banco de Bogota, Banco de Occidente, Banco Falabella, Banco GNB Sudameris, Banco Pichincha, Banco Popular, Banco ProCredit, Bancolombia, Bancoomeva, BBVA, Citibank, Daviplata, Itau Corpbanca, Nequi)
PSE is a popular online payment method in Colombia. This is a reliable, quick, and easy real-time online bank transfer payment method that works with most main banks in Colombia. The customer just has to pick their bank and login into the online payment system environment. PSE saves all payment details and requires only payment authorization. Accepting payments on the website from users who prefer this method is very advantageous.

Davivienda (cash)
Banco Davivienda, headquartered in Bogota, Colombia, is the most popular bank in Colombia that works since 1972. It has over 10 million customers total and more than 5 million mobile banking customers (about 37% of the Colombian mobile banking market). The bank provides savings and current accounts, consumer and commercial loans, credit and debit cards, mortgages, fixed-term deposits, portfolio management, foreign trade financing and other services.

Other countries and payment methods in LatiCo

Payment Method Type Country
Abitab cash Uruguay
ACuenta cash Chile
Banamex bank transfer, cash Mexico
Banco Azteca cash Mexico
Banco BCI bank transfer Chile
Banco do Brasil bank transfer, nternet banking Brazil, Peru
Banco de Crédito bank transfer, cash Peru
Banco Estado bank transfer Chile
Banco Guayaquil bank transfer, cash Ecuador
Banco Inbursa cash Mexico
Banco Itau cash Brazil
Banco Pichincha bank transfer, cash Ecuador
Bancomer bank transfer Mexico
Banorte bank transfer, cash Mexico
Banrisul bank transfer Brazil
BBVA BANCOMER bank transfer, cash Mexico
BBVA bank transfer, cash Peru
Boleto cash Brazil
Caixa bank transfer Brazil
Caja bank transfer, cash Peru
Caja Vecina cash Chile
Credit Card local cards Argentina, Brazil, Chile, Colombia, Mexico, Uruguay
Davivienda cash Columbia
Express de Lider cash Chile
HSBC Mexico cash Mexico
Interbank bank transfer, cash Peru
Itau bank transfer Brazil
Lotéricas cash Brazil
Movil Red cash Columbia
OpenPay cash Mexico
PagoEfectivo cash Peru
PSE (banks: Banco Agrario, Banco AV Villas, Banco Caja Social, Banco Colpatria, Banco Cooperativo CoopCentral, Banco Davivienda, Banco de Bogota, Banco de Occidente, Banco Falabella, Banco GNB Sudameris, Banco Pichincha, Banco Popular, Banco ProCredit, BanColumbia, Bancoomeva, BBVA, Citibank, Daviplata, Itau Corpbanca, Nequi) bank transfer Columbia
Punto Xpress cash Salvador
Rapi Pago cash Argentina
Red Pagos cash Uruguay
SafetyPay cash Brazil, Chile, Columbia, Ecuador, Salvador, Mexico, Panama, Peru
Santander bank transfer Brazil, Mexico, Chile, Mexico
Santander Rio bank transfer Argentina
Scotiabank cash Mexico
ScotiaBank bank transfer Chile, Peru, Mexico
Scotiabank Peru cash Peru
Serviestado cash Chile
Servipag cash Chile
Spei cash Mexico, Peru
SuRed cash Columbia
Tbank bank transfer Chile
VIA Baloto cash Columbia
Western Union cash Panama, Peru

Businesses and online merchants from different market segments, including sellers of digital products, video games and digital marketplaces, freelancers, web studios, IT teams, professional services, traveling, e-commerce, gambling, dating websites, SMM-agencies and infobusiness/trainings can benefit from providing alternative payment methods in addition to accepting card payments.
Additional information about PayOp’s methods could be found at

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