Multiple choice

Which of the following is used to connect a disparate group of international payment systems?

  1. Digital economy

  2. EMA(Electronic Money Association)

  3. Electronic money

  4. Payments as a service (PaaS)

  5. Alternative payments
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D Correct answer
Explanation

Payments as a service (PaaS) is a phrase used to describe a SaaS-based methodology used to connect a disparate group of international payment systems. The architecture is represented by a layer – or overlay – that resides on top of these disparate systems and provides for two-way communications between the payment system and the PaaS. Communication is governed by standard APIs created by the PaaS provider.

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