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p2p-payments
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318

P2P Lender RateSetter Has Now Topped £2.5 Billion in Loan Originations.

UK based peer to peer lending platform RateSetterhas topped £2.5 billion in loan originations, according to a note from the company. The online lender provides credit to both individuals and UK SMEs. The milestone comes just as RateSetter announced that it had generated £100 million in interest for its investors, without any losses to investors since the company was launched in 2010. RateSetter has incorporated a provision fund to mitigate investor risk and so far the fund has been effective. To date, investors have earned, on average, 4.4%. (more…)

Global trends, p2p-payments, p2p/online lending

May 25, 2018

551

94-Year-Old Berkshire Hathaway VP: It’s ‘Disgusting’ People Buy Bitcoin

Berkshire Hathaway vice chairman Charlie Munger described Bitcoin as “totally asinine” Wednesday in what some consider will be one of his last public forums, Financial Times reports Thursday, Feb. 15. (more…)

Blockchain, Global trends, p2p-payments

February 15, 2018

839

PayPal stutters as eBay scraps 15-year relationship

Digital auction house eBay is terminating a 15-year relationship with PayPal and instead turning to Amsterdam-based Adyen as its primary payments provider at the checkout. (more…)

Global trends, p2p-payments, Payment processors/providers/gateways

February 2, 2018

Unicredit launches iPhone-only buddybank

Italy’s Unicredit is trying to give banking’s staid image a makeover and make it “cool” through the launch of a mobile-only subsidiary called buddybank. (more…)

Banks, Fintech news, Global trends, Mobile-first banks, p2p-payments

February 2, 2018

Indonesia P2P Startup Modalku Milestone: Hits $74 Million in Total Crowdfunded MSME Loans

Modalku, an Indonesia-based peer-to-peer lending fintech startup, successfully surpassed $74 million (Rp 1 trillion) in total crowdfunded MSME loans. This news comes just a little over six months after the company announced it was fully registered with the Otoritas Jasa Keuangan (OJK). As previously reported, Modalku was founded in 2016 and is described as an online marketplace for small businesses to acquire loans and for lenders to fund small business loans to earn returns. (more…)

p2p-payments

January 12, 2018

759

Facebook Messenger, PayPal Partner On P2P

On Friday (Oct. 20), PayPal and Facebook announced news that they are expanding their partnership. Facebook users will now be able to send and receive peer-to-peer money transfers through PayPal from within the social media website’s Messenger app. (more…)

Hotnews, p2p-payments

October 23, 2017

1136

Jack Ma’s Alipay takes on WeChat’s ‘instant apps’

By Eva Xiao for Tech in Asia

In China, smartphone apps have never felt more obsolete. WeChat, China’s most popular messaging app, hosts an overwhelming number of services inside itself: food delivery, ride-hailing, live streaming, and more. Now, China’s leading mobile payment app, Alipay, is trying to kill off apps too. (more…)

eWallets, Global trends, Hotnews, p2p-payments

September 8, 2017

732

Samsung Pay hits $9 billion of transactions in South Korea

Samsung Pay has driven its home advantage and processed 10 trillion won ($8.8 billion) in accumulated transaction volume in South Korea, the company has announced. (more…)

Hotnews, InspirAsia, p2p-payments

September 8, 2017

725

UK’s largest retailer launches Tesco Pay+

The UK’s largest retailer, Tesco, with £54.4m in sales has announced that its current digital wallet app PayQwiq, is to be re-launched as Tesco Pay+. Further details about Tesco Pay+ will follow later in September. (more…)

Banks, p2p-payments

September 8, 2017

817

Azimo launches cash pick-up service in the Philippines

By Azimo

Azimo, a digital disrupter of traditional money transfer services, extends its cash pick-up service enabling customers in the Philippines to collect money minutes after money transfer is made. (more…)

Global trends, Hotnews, p2p-payments

August 28, 2017

1016

983

Digital Only Bank Revolut Launches Business Banking in UK & Across Europe

Challenger bank Revolut is launching a business banking vertical and is accepting pre-registrations now. Revolut for business will allow businesses to hold, exchange and transfer funds in 25 different currencies across the UK and all of Europe at the interbank exchange rate. The digital only bank says that users will be able to sign up for a multi-currency account in minutes. (more…)

Hotnews, Mobile-first banks, p2p-payments

June 14, 2017

1008

Klarna wins equity investment from Brightfolk

By Klarna

Klarna AB (publ) is pleased to announce that Brightfolk A/S, a company held by Anders Holch Povlsen, will acquire a strategic equity stake in the company. (more…)

Fintech news, Global trends, Hotnews, Mobile payments/banking, p2p-payments

June 8, 2017

1156

Fintech unicorn TransferWise reaches profitability, planning ‘new financial services’

BY Steve O’Hear for Techcrunch.com

What’s more mythical than a unicorn? A unicorn that is profitable. Six years after launch, TransferWise, the London-headquartered international money transfer startup, which was most recently valued at a reported $1.1 billion, has announced that it has finally reached profitability this calendar year and is “cash-generating”. (more…)

Global trends, Influences FinTech, p2p-payments, Remittances

May 25, 2017

1330

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

980

Verse grabs $20.5M to take its p2p payments play beyond Europe

By Natasha Lomas for Techcrunch

Social payments app Verse has closed a $20.5 million Series B round of funding from its existing investors. The round is led by Spark Capital, with eVentures and Greycroft Partners also participating. It raised its Series A in October last year, when it took in $8.3M. (more…)

Deals, Fintech news, Global trends, p2p-payments

May 18, 2017

1175

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

1195

Global P2P mobile payments value set to grow by 40% in 2017

The value of global P2P mobile payments is set to increase 40% to $540 billion by end-2017, Juniper Research forecast.
Growth in the segment is predicted alongside a trend of increasing popularity of digital payment methods. The UK-based analyst company predicted the value of digital payments across the world would reach $3.9 trillion in 2017, an increase of 14% year-on-year. (more…)

p2p-payments

May 15, 2017

808

Lending Club Keeps Pushing Its Comeback

(more…)

Hotnews, p2p-payments, p2p/online lending

May 9, 2017

1077

Goldman Sachs Celebrates First Retail Year and Its Online Deposit Platform

By PYMNTS

After a full year in service, Goldman Sachs Bank USA is celebrating its first full year in retail and its online deposit platform’s success. (more…)

Banks, Global trends, p2p-payments, Security

May 2, 2017

993

WorldRemit partners Tigo Money for mobile transfers to El Salvador and Guatemala

Leading digital money transfer service WorldRemit announced today it has partnered with Millicom’s subsidiaries Tigo Money to open up new remittance routes to El Salvador and Guatemala, enabling Salvadorans and Guatemalans abroad to send money transfers instantly to more than one and a half million Tigo Money users in those countries, directly from the WorldRemit app. (more…)

Fintech news, Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

1827

Walmart launches mobile money sending platform

Three years ago this week, Walmart introduced its groundbreaking money transfer service, Walmart2Walmart Powered by Ria, with the goal of bringing customers dramatically lower costs and a simpler money transfer experience. (more…)

Global trends, Hotnews, p2p-payments, Remittances

April 28, 2017

1088

TransferWise moves into Asia Pacific with opening of regional HQ in Singapore

By Jon Russel for Techcrunch

TransferWise, the billion-dollar valued startup that reduces the cost of cross-border payments, has taken a big step to globalizing its service after it opened an Asia Pacific office in Singapore. (more…)

Global trends, InspirAsia, p2p-payments, Remittances

April 27, 2017

Western Union Teams Up With Facebook Messenger For Global Money Transfers

By PYMNTS

Score another win for Facebook with Western Union’s latest announcement at the social media giant’s F8 annual developer conference. (more…)

Deals, Fintech news, Global trends, p2p-payments, Remittances

April 20, 2017

1047

Zelle P2P network zooms past Venmo

The American bank-backed Zelle network processed 170 million person-to-person payments last year boasting an aggregate transaction volume of $55 billion, more than double that of PayPal-owned rival Venmo. (more…)

Banks, p2p-payments

April 19, 2017

1098

WhatsApp makes P2P payments play in India

Facebook-owned messaging service WhatsApp is advertising for a digital transaction lead with experience of UPI, Aadhaar and BHIM, in a move which is seen as the precursor to the launch of a peer-to-peer payments service in India. (more…)

Fintech news, Global trends, Government activities, Hotnews, InspirAsia, p2p-payments

April 5, 2017

913

Square reportedly seeks to buy social app Yik Yak

By John Adams for PS

Square is in talks to acquire Yik Yak, which operates location-based anonymous social network popular among college campuses, reports CNBC. (more…)

Deals, p2p-payments, Payment processors/providers/gateways, POS/mPOS and online acquiring

April 5, 2017

1203

Lending platform Bitbond and payments outfit BitPesa partner to boost financing for African SMEs

By Bitbond

Global SME lending platform Bitbond and African payment services provider BitPesa announced today that they are joining forces to improve access to financing for SMEs in Africa. (more…)

Fintech news, Global trends, Hotnews, p2p-payments

March 28, 2017

2349

Ayannah launches Juan Credit™, an AI-powered Credit Scoring Service for the Unbanked in Emerging Markets

Manila, Philippines – Press release

Ayannah, the leading provider of affordable and accessible digital financial services for emerging markets has partnered with Bayad Center, the bills payment subsidiary of Meralco, the Philippines’ largest electric utility to launch Juan Credit™, the first artificial intelligence-powered credit scoring system for the unbanked in emerging markets.  (more…)

Hotnews, InspirAsia, p2p-payments, Remittances

March 2, 2017

1867

The Startup That Wants To Build A Cashless Economy In The Philippines

By Casey Hynes for Forbes

Sixty-nine percent of Filipinos were underbanked as of 2015. But the country also has the fastest-growing smartphone market in ASEAN–not to mention that it’s home to the selfie capital of the world. The combination creates an interesting opportunity for fintech entrepreneurs, and Mark Vernon has taken advantage of it.  (more…)

Fintech news, p2p-payments, Philippines

February 28, 2017