Micro-commerce is an emerging global trend, from the microcredit pioneered by Nobel Prize winner Muhammad Yunus, to micropayment systems offered by companies like ZayPay. ZayPay is used for payments for online services, game sites, dating sites, and others. And now they have an API.
Mobile Payments is expected to be one of the key areas that is likely to see various start-ups compete with established players. We recently covered how Stripe, is a developer friendly way to integrate payments into your applications with less fees as compared to Paypal. Another startup, New York-based Zipmark aims to be your digital checkbook via which you can send and receive money.