The Music Engine, a London-based digital music infrastructure firm, is launching a new online payment system for the music industry.

NEW YORK--The Music Engine, a London-based digital music infrastructure firm, is launching a new online payment system for the music industry.

The service, called MusicPay, will offer micropayment systems and non-credit card payment methods. The venture enters a space currently occupied by micropayment firms like Peppercoin and Clickshare.

Music Engine provides systems for online and mobile environments, handling direct royalty payments and currency transfers.