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The Recurring Payment market within the context of Online Banking is a growing sector that enables customers to make regular payments to merchants or other individuals. This type of payment is often used for subscription services, such as streaming services, or for regular payments such as rent or utility bills. Recurring payments are typically set up through a customer's online banking account, and the customer can choose to have the payment made on a regular basis, such as monthly or quarterly. This type of payment is convenient for customers, as it eliminates the need to manually make payments each month.
Recurring Payment services are offered by a variety of companies, including banks, payment processors, and payment gateways. Examples of companies in the market include PayPal, Stripe, Square, and Authorize.net. Show Less Read more