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p2p-payments
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340

P2P Payments: Migration From Apps to Media Channels

By Elena Mesropyan for LTP

The market of P2P payments is highly saturated, with every other freshly launched solution becoming another fish in a barrel. While some financial institutions are playing catch-up (launching competing payments apps) with the likes of Venmo and PayPal, others are moving to the next level by hopping from dedicated apps to P2P payments as features in multipurpose social media channels. The relevance of proprietary P2P payments apps fades away in face of all-in-one platforms that allow the same functionality in addition to the comfort of chatting, calling a cab and doing whatever else mighty ones like WhatsApp allow doing. (more…)

Fintech news, p2p-payments, Payment processors/providers/gateways

December 6, 2016

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ING pulls plug on P2P payments app Twyp

By Finextra

ING is to discontinue its P2P mobile payments app Twyp in the Netherlands after it failed to gain traction with customers. (more…)

Banks, Fintech news, Mobile payments/banking, p2p-payments

November 29, 2016

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Singapore p2p lending platform MoolahSense gets full CMS licence from MAS

By Yon Heong Tung for e27

Singapore-based peer-to-peer (p2p) lending platform MoolahSense has announced today it has been awarded a full Capital Markets Services (CMS) licence from the Monetary Authority of Singapore (MAS). (more…)

Fintech news, Government activities, p2p-payments, Singapore

November 11, 2016

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Many consumers don’t even know their banks’ mobile pay options

By Steve Shaw for PaymentsSource
Your most valuable and profitable customers are likely those who use mobile banking, bill pay and person-to-person (P-to-P) payments, according to recent Fiserv research. However, many consumers aren’t even aware their financial institutions offer those services.

About, Banks, Mobile payments/banking, p2p-payments

November 10, 2016

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The battle for digital wallets: How far have we come? (Infographic)

By VentureBeat

In a look back at how mobile commerce had grown last year,VentureBeat pointed to one-touch payments — using products like Apple Pay, Android Pay, and One Touch (from Braintree’s parent company, PayPal) — as “the shopping invention consumers have long awaited” that “pushed the digital-shopping experience forward in 2015.” (more…)

eWallets, Fintech news, Global trends, p2p-payments

November 9, 2016

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Payment companies that don’t share tech tools will fall behind

By Tony Ford for PaymentsSource

Even in the often-conservative financial industry, nearly every major player allows individual developers to access data streams and data sets. For example, Visa and MasterCard have dedicated developer sites where dozens of APIs can be accessed.

(more…)

About, Global trends, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

November 3, 2016

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Paym hits £300m mark

By Finextra

Despite boasting that it has now processed over £300 million in transactions, UK bank-backed person-to-person mobile payments service Paym has seen a slowdown in the number of people signing up for its service. (more…)

Fintech news, Mobile payments/banking, p2p-payments

October 31, 2016

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Metals wants to solve payments for the unbanked with the bitcoin blockchain

By Justin Oconnell for Hacked

Hacked discussed with Marshall Hayner the evolution of his startup, called Trees. Once focused on  delivering marijuana by drone – a la Snoop Dogg’s big music via drone push – the service has since been put on hold as Hayner develops Metal, a consumer-friendly approach to melding the world of high-risk payments, rewards and blockchain technology. (more…)

Blockchain, Cryptocurrencies, Fintech news, Interviews, p2p-payments, Remittances

October 30, 2016

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OCBC enables cash transfers via Siri and iMessage

By Finextra

OCBC Bank claims to be the first bank in Asia to enable voice transactions via Apple’s virtual assistant Siri and in-app with iMessage.

The Siri and iMessage services for OCBC’s Pay Anyone P2P mobile app are available to customers using iPhone devices running the iOS10 software.

Banks, Fintech news, InspirAsia, p2p-payments, Singapore

October 28, 2016

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PayPal payments and notifications are coming to Facebook Messenger

By  for VentureBeat

PayPal has announced that it’s rolling out as an additional payment option within Facebook Messenger, which currently supports payments via debit cards. (more…)

eWallets, Fintech news, Mobile payments/banking, p2p-payments

October 28, 2016

Wave Accounting Raises $11.3m in Funding

By FinSMEs

Wave Accounting, Inc., a Toronto, Canada-based SaaS accounting startup, raised US$11.3m in funding.

The round was led by BDC’s IT Venture Fund with participation from HarbourVest and existing investors CRV and Social Capital. (more…)

Deals, Fintech news, p2p-payments, SME

October 27, 2016

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Alipay targets Chinese tourists with US payment deals

By Business Times

[FRANKFURT] China’s Alipay is expanding its mobile payment app service into the United States through partnerships with payment processors First Data and Verifone, the latest deals in a global strategy to reach Chinese consumers travelling abroad. (more…)

China, eWallets, Fintech news, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring

October 25, 2016

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US banks add pieces to new instant payments network

By Business Times

[NEW YORK] By the end of December some US bank customers may begin to notice features of the new Zelle instant payments network appearing on their mobile phone and online banking apps as the financial industry tries to catch up to technology company rivals, such as Venmo. (more…)

Banks, Fintech news, p2p-payments

October 24, 2016

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Payments startup Coins.ph just raised $5m from some familiar names

By  for TechInAsia

Online payments startup Coins.ph has landed a series A funding round worth US$5 million, the company announced today. The round is led by Accion Frontier Inclusion Fund, a global emerging markets fintech fund focused on financial inclusion, which is managed by similarly-minded investment firm Quona Capital. (more…)

Blockchain, Deals, Mobile payments/banking, p2p-payments, Philippines, Remittances, Thailand

October 24, 2016

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Developers Build Credit, Debit and Prepaid Card Products With Real-Time Access to Open APIs

By LTP

First issuer-processor to offer developers direct access to payment card platform (more…)

Cashless, Fintech news, p2p-payments

October 23, 2016

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Bank of America Merrill Lynch and Modo Announce Strategic Relationship

By LTP

NEW YORK – Bank of America Merrill Lynch, a global leader in transaction services, and ModoPayments, LLC (Modo), an industry leader in digital payments innovation, recently announced a strategic relationship that will give the bank access to Modo’s patented COIN® Operated Digital Payments Hub. Through the hub, Bank of America Merrill Lynch clients will have the ability to connect with multiple emerging payment networks. Furthermore, the new global capabilities can extend the reach of the bank’s existing digital business-to-consumer offering, Digital Disbursements. (more…)

Banks, Fintech news, p2p-payments, POS/mPOS and online acquiring

October 23, 2016

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Philippines-based mobile payment service Abra joins hands with Codapay

By Yon Heong Tung for e27

With this new deal, Abra users in the Philippines will be able to purchase Steam wallet codes, Skype credit, Amazon gift cards and Battle.net cards by paying with Abra at Codapay’s retail site, Codashop. (more…)

Blockchain, Cashless, Fintech news, Mobile payments/banking, p2p-payments, Remittances

October 22, 2016

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Circle moves to Spain and Ireland

By Finextra

This week Circle formally launched social payment apps in Spain and Ireland, enabling people in those countries can connect any Spanish or Irish bank account to Circle to send and receive p2p payments, with native Euro support, to friends and family within their countries and across borders instantly, at the best exchange rate available to consumers, with zero fees. (more…)

Fintech news, p2p-payments, Remittances

October 20, 2016

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Ingo Money and MoneyGram Launch New Credit Card Payment Service

By LTP

Ingo Money, a leader in real-time push payments technology, and MoneyGram, a global provider of innovative money transfer and payment services, today announced an agreement to offer consumers a new service to make quick and convenient credit card payments through Ingo Money’s platform at any one of MoneyGram’s estimated 40,000 US retail locations. (more…)

Fintech news, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances

October 20, 2016

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PayCommerce Completes $22M Series B Investment to Drive Exponential Global Expansion of its Enterprise Cross-Border B2B Payments Network

By LTP

Injection of capital will enable PayCommerce to significantly increase scalability and global strength for all network members and customers by expanding operations, R&D, sales and marketing. (more…)

Deals, Fintech news, p2p-payments, Remittances

October 19, 2016

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Aurora Exchange Announces Partnership With Maiden Life and MANGOPAY at LendIt Europe 2016

By LTP

Aurora Exchange announces the first P2P lending platform to combine FinTech and InsurTech, built in partnership with Maiden Life and MANGOPAY.
(more…)

Fintech news, Insurance, p2p-payments, p2p/online lending

October 19, 2016

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Hong Kong’s TNG Wallet Unveils Plans to Go Global

By LTP

HONG KONG, Oct 3, 2016 – (ACN Newswire) – TNG Wallet (“TNG”), Hong Kong’s leading e-wallet, held its TNG 3.0 product launch and press conference on September 27 at the Hong Kong Convention & Exhibition Centre. (more…)

eWallets, Fintech news, Hong Kong, Mobile payments/banking, p2p-payments, POS/mPOS and online acquiring, Remittances, SME

October 8, 2016

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When a Payment is More Than a Transaction

By Sofia for LTP

The role of electronic payments in 2016 goes far beyond basic transactions performed in vast networks to move funds from one person or entity to another. Just like banking is no longer somewhere you go but something you do, payments have turned into an experience rather than an action. (more…)

Cashless, eWallets, Fintech news, Mobile payments/banking, p2p-payments, p2p/online lending, POS/mPOS and online acquiring, Remittances

October 8, 2016

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Askara Bank taps TPS for PayPak roll out

By Finextra

Askari Bank Limited is proud to launch Askari PayPak Card. This initiative was undertaken in association with TPS as a trusted technology partner. (more…)

Banks, Fintech news, p2p-payments, Remittances

October 7, 2016

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Yandex.Money joins mobile messaging revolution

By Finextra

Sberbank joint venture company Yandex.Money is to offer mobile money transfers and support group chats for crowdfunding via Apple’s iMessage. (more…)

Mobile payments/banking, p2p-payments, Remittances

October 6, 2016

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2C2P flies beyond Southeast Asia with expansion to South, Central Asia

By Anisa Menur A. Maulani for e27

Southeast Asian payments company 2C2P announced today that it has signed partnership deals with Nepal’s largest private bank Himalayan Bank Limited (HBL), its national flag carrier Nepal Airlines, and Kazakhstan’s principal airline and flag carrier, Air Astana. (more…)

Cashless, InspirAsia, p2p-payments, POS/mPOS and online acquiring, SME

October 6, 2016

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Swipe, send, secure: The best mobile payment methods in Singapore

By Duckju Kang for e27

In the last one to two years, mobile payments have taken Singapore by storm, and recent studies have shown that mobile payment transactions are growing at around 40 per cent annually. (more…)

eWallets, Mobile payments/banking, p2p-payments, p2p/online lending, PFM/PFP services, POS/mPOS and online acquiring, Remittances, Singapore

October 4, 2016

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What for and How Do Millennials Use P2P Transfers?

By Kate for LTP

Mobile P2P money transfers are estimated to increase from $15.22 billion in 2014 to $270.93 billion in 2019 – an ~18-fold increase, indicating an opportunity for existing market participants and new entrants to bank on a highly potent segment. In the US only, the estimations suggest that P2P payments market will grow by 26% a year to reach $17 billionby 2019. And while the implications of highly diversified mobile payments options have been quite discriminative, there are proposals that are believed to make mobile payments a ‘win’ for everyone. (more…)

Mobile payments/banking, p2p-payments, p2p/online lending

October 2, 2016

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Remitly raises another $38M, adds World Bank’s IFC as it pushes into emerging markets

By Ingrid Lunden for TechCrunch

Remitly, a startup co-founded and led by a former executive of Barclays who saw a gap in the market to build money transfer and other financial services for emerging markets and the “unbanked”, is today announcing that it has raised $38.5 million, as well as expansion to seven more countries in Latin America. The funding, which brings the total raised by Remitly to just under $100 million, comes just nine months after Remitly raised the same amount in a Series C round, and underscores how the company is trying to seize a moment of growth. (more…)

Deals, p2p-payments, Remittances

September 30, 2016