The next day, they met for smoothies in Palo Alto and came up with the idea that became PayPal: a system of electronic payment designed to make e-commerce easy, consistent, and secure.

NEWYORKER: No Death, No Taxes

There are only three non-bank E-money institutions authorized under the Financial Services (Banking) Act for issuing means of payment in the form of electronic money.

FORBES: Payoneer Quietly Enters Gibraltar Prepaid Market