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There are three key payment schemes available across the world:<br/><br/>

- interbank payment schemes are typically regulated and operated by Central Banks, although there are number of notable non-government schemes such as SWIFT;

- card schemes have been in existence for over 70 years and compete with cash and alternative payments for online and insured purchases. Increasingly, new card payment models are developing around digital wallets;

- alternative payments are the challenger and cover everything from Open Baking, to WeChatPay, AliPay and Venmo. Example payments types include stored value closed-loop wallet (Starbucks), and PayByBankApp in the UK.

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