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p2p-payments
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305

Alternative payments are a ‘victim’ of Brexit

By Kirsty Tull for PaymentsSource

As Brexit starts to pick up steam in the coming year, the the impact on banks and the payment processing industry remain to be seen and will likely be far reaching.

(more…)

Global trends, Government activities, Mobile payments/banking, p2p-payments

January 23, 2017

363

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

430

CashLess Payments to Drive LessCash Payments

By Vinod Sharma Finextra

Abstract – Essentially, digital cash mimics the functionality of paper cash. The elimination of physical cash from economy is feasible is purely a technological perspective or assumption. Our hard earned money and investments disappear into a labyrinth of financial instruments so mysterious that “money” almost becomes more of an idea than a tangible reality. (more…)

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

January 17, 2017

503

Innovation under the hood will rev the engines of a fintech revolution

By  for TechCrunch

When the internet was first created in the 1970’s and 1980’s with the introduction of the ARPANET its early years were focused on the development of infrastructure and protocol — beyond the knowledge and far away from the consciousnesses of the general public. (more…)

Analytics, Banks, Cryptocurrencies, Fintech news, Global trends, Insurance, p2p-payments, PFM/PFP services

January 15, 2017

553

Innovate or die: Top tech trends in banking

By  for TheNextWeb

Whether it’s social unrest or an economic downturn, it’s easy to blame banks when things go wrong. But banks have developed and survived over the course of thousands of years – the earliest bank prototypes were in Assyria around 2000 BC – because we need them for both our commercial and individual needs. (more…)

Banks, Blockchain, Bots, Fintech news, p2p-payments

January 14, 2017

412

Mobile Banking Gives a Big Boost To Kenya’s Poor

By Melvin Konner for The Wall Street Journal

Globalization and unrestrained technological change have plenty of critics, as the election in November amply showed. Many of my fellow anthropologists say that the positive effects of these twin trends have greatly benefited China but have left behind most of the global poor. A study conducted in Kenya and published in the journal Science in December tells a different story. (more…)

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

January 14, 2017

396

HSBC to stir up local rivalry with launch of P2P payments app in Hong Kong

By Finextra

HSBC is to launch a P2P mobile payment app in Hong Kong in early 2017, taking on established market operator Jetco. (more…)

Banks, Cashless, Fintech news, Hong Kong, p2p-payments

January 13, 2017

559

556

P2P Fintech Firms see Regulation in Indonesia

By CryptoCoinsNews

Indonesian Fintech companies that facilitate peer-to-peer (P2P) lending in the country have seen new regulation imposed by the Financial Services Authority. Known as the Otoritas Jasa Keuangan (OJK) locally, the government agency regulates and supervises the financial services sector in the country. (more…)

Fintech news, Government activities, Indonesia, p2p-payments

January 9, 2017

413

A P-to-P model taps into anti-bank sentiment as a differentiator

By John Adams for Payments Source

The growing number of P-to-P payment options, including Zelle and Venmo, typically rely on a link to a full-featured bank account to fund transfers. ChimpChange is looking at a different audience. (more…)

Fintech news, p2p-payments

December 25, 2016

403

When sexting meets social payments

By Bailey Reutzel for PaymentsSource

Payments are inevitably merging with social media, but the mix comes with a clear and very public risk if not handled correctly.

(more…)

Analytics, China, eWallets, Fintech news, Global trends, Mobile payments/banking, p2p-payments

December 17, 2016

470

Facebook just secured an e-money license in Ireland, paving the way for Messenger payments in Europe

By  for TechCrunch

Paving the way for friend-to-friend payments to come to Facebook Messenger in Europe (and after the functionality debuted in the U.S. all the way back in March last year), Facebook has quietly secured an e-money license from the Central Bank of Ireland. (more…)

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

December 8, 2016

461

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

474

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

473

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

360

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

472

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

389

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

366

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

538

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

360

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

322

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

366

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

344

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

504

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

360

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

590

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

487

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

336

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