💸 1990s: The Emergence of Online Payment Systems
- 1994: The launch of NetMarket, the first secure online purchase system.
- 1998: PayPal is founded, allowing users to send money via email.
| Year | Event |
|---|---|
| 1994 | First secure online purchase system launched by NetMarket. |
| 1998 | PayPal is established, revolutionizing online transactions. |
🌐 2000s: Growth and Global Expansion
- 2002: PayPal goes public and expands its services internationally.
- 2005: The introduction of online bill payment services gains traction.
| Year | Event |
|---|---|
| 2002 | PayPal’s IPO and its international service expansion. |
| 2005 | Online bill payment services become mainstream. |
📈 2010s: Advances and Regulation
- 2010: Bitcoin is created, introducing cryptocurrency to the market.
- 2014: The introduction of the Payment Card Industry Data Security Standard (PCI DSS) strengthens regulations.
| Year | Event |
|---|---|
| 2010 | Bitcoin is founded, initiating the cryptocurrency revolution. |
| 2014 | Strengthened payment security with new regulations (PCI DSS). |
🚀 2020s: A New Era of Digital Payments
- 2020: The COVID-19 pandemic accelerates the adoption of online payments.
- 2022: The rise of mobile wallets and contactless payments becomes prominent.
| Year | Event |
|---|---|
| 2020 | COVID-19 accelerates the shift towards online transactions. |
| 2022 | Mobile wallets and contactless payments take center stage. |