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    P2P

    News about P2P.

    European Central Bank to develop P2P service

    February 4th, 2016

    The European Central Bank is working on a system that would let consumers transfer money to each other based on a phone number or email address. “Immediately after transfer, the money is in the account of the receiver, regardless of the bank of the receiver or where he lives,” RTL Z reports. “Thanks to this system, you no longer have to remember your IBAN [international bank account] number or enter the recipient’s IBAN number.”

    Ugo Wallet adds P2P transfers

    February 1st, 2016

    Canadian open NFC mobile wallet provider Ugo has launched a beta version of Ugo Pay, a P2P money transfer feature that has been added to its Ugo Wallet. “Transfers are free and made securely and easily via text message using either a sender’s existing address book or by inputting any Canadian mobile phone number,” Ugo says. The company is also in the process of incorporating host card emulation (HCE) into its service.

    Swiss banks add support for Paymit mobile payments

    January 25th, 2016

    Paymit, the P2P transfer service set up by Switzerland’s SIX, UBS and Zürcher Kantonalbank, has added support from three more banks ahead of its launch as an in-store mobile payment solution in February 2016. Obwalden, St.Gallen and Zug will join the six other financial institutions already supporting the service. Paymit has been downloaded 170,000 times since launching in May 2015.

    Apple Pay leads US mobile payments market

    January 25th, 2016

    Apple Pay is “overwhelmingly the share leader” in point-of-sale mobile payments across the US despite uptake remaining relatively low, the latest statistics from Piper Jaffray’s Apple Pay adoption tracker show. “Analyst Gene Munster expects numbers to rise in 2016 as Apple integrates attractive new features like P2P payments and in-browser integration,” AppleInsider reports.

    Jetco to launch P2P payments with 12 Hong Kong banks

    January 21st, 2016

    Hong Kong ATM network Jetco has partnered with 12 banks to offer Jetco Pay P2P, a service that will let customers transfer funds using the recipient’s mobile number. “The service is directly linked to a consumer’s bank account, meaning no top-up will be required,” Jetco says. The service is expected to roll out in the second quarter of 2016. Jetco announced plans to offer an NFC payment service to its member banks in February 2014.

    Radius Bank launches P2P transfer service

    January 18th, 2016

    Customers of the USA’s Radius Bank can now make peer-to-peer money transfers using the recipient’s email address or mobile number. “To send money via Radius Pay a Friend, users simply access the service from their online or mobile banking account, enter the recipient’s email address or mobile phone number and payment amount and verify the transaction using their debit card’s personal identification number,” the bank says.

    Westpac launches money transfers via mobile

    December 21st, 2015

    Customers of Australian bank Westpac can now transfer money to others using only their mobile phone number. “Pay to Mobile is a secure and convenient way to split a restaurant bill or to pay money to friends,” the bank says. “All you need is the mobile phone number of the person you are paying and the rest is easy,” adds Westpac’s Harry Wendt.

    Google Wallet adds P2P transfers via SMS

    December 11th, 2015

    Google Wallet users will soon be able to send money to anyone in their contact list using just a phone number. “When you send money to a phone number, the recipient will get a text message with a secure link,” Google writes in a blogpost. “They can simply enter their debit card to claim the money and it will be available in their bank account within minutes.” Google relaunched and repositioned Google Wallet as a P2P payment solution in September 2015.

    Wirecard launches HCE payments in four European countries

    December 1st, 2015

    German payments technology provider Wirecard has launched a host card emulation (HCE) based mobile payments service in Germany, the Netherlands, Austria and Belgium that will allow customers of any mobile network operator to make payments using their Android device at contactless terminals. More

    Tencent launches WeChat mobile wallet in South Africa

    November 30th, 2015

    Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform. More

    Seqr to add P2P transfers to mobile wallet

    November 27th, 2015

    US consumers will be able to make P2P transfers through Swedish firm Seamless’ Seqr mobile payment platform from early 2016, utilising payment provider Dwolla’s infrastructure. “Under the agreement with Dwolla, we can quickly offer Seqr’s US customers a P2P service which is something our customers in Europe already make great use of,” says Seamless’ Peter Fredell. Seqr launched in the US in June 2015.

    Apple to add P2P payments to Apple Pay?

    November 12th, 2015

    Apple is reportedly holding discussions with US banks about developing a payment service that would let users send money to one another from their phones through Apple Pay. “The talks with banks are continuing and it is unclear if any of the firms have struck an agreement with Apple,” The Wall Street Journal reports. “Key details remain in flux, including technical aspects that would determine how the service would tie into the banking industry’s existing infrastructure.”

    Samsung Pay to add P2P payments?

    November 9th, 2015

    Korean startup Hankook NFC has reportedly applied for a patent for a hardware module that would allow consumers to use Samsung Pay to transfer money between devices and pay with a credit card. “Once the module is installed, smartphones can be used as mobile credit card payment terminals,” Business Korea reports. “When you order some food for delivery or go to a gas station, you can pay for food or gas with your smartphone without any wireless credit card payment devices.”

    SwissWallet to go live for online payments

    November 5th, 2015

    A joint venture between credit card companies Aduno Group and Swisscard and software provider Netcetera is to launch the SwissWallet payments platform in Switzerland. “From mid-November, SwissWallet, in cooperation with MasterPass, can be used in online shops,” the joint venture says. “The launch of contactless payments with an NFC-embedded mobile phone in retail stores as well as international peer-to-peer payment functions are planned for the second half of 2016.”

    Blik signs up 1.3m Poles for mobile payments

    November 3rd, 2015

    Some 1.3m Polish consumers are now using Blik, the mobile payments service backed by six of the country’s banks that lets customers make in-store and online payments, withdraw cash from ATMs and send P2P transfers with their mobile phones. The service launched in November 2014 and is based on technology originally developed by PKO Bank Polski for its Iko mobile payments service.

    MobiPay launches in the Ukraine

    October 22nd, 2015

    Customers in the Ukraine can now use their mobile phones to make in-store and online purchases and P2P transfers using the MobiPay mobile wallet. “The seller must provide the customer with a QR code for payment on the cash register’s monitor, POS terminal or print it in a cheque,” the company says. “The customer pays for the goods by simply reading the QR code using MobiPay and the connected Visa or MasterCard payment card.”

    VocaLink to develop real-time mobile payments for Thailand

    October 12th, 2015

    UK payment infrastructure operator VocaLink has signed a letter of intent with Thailand’s main interbank payments provider National ITMX to collaborate on the development of a mobile payment solution for banks, consumers and businesses in Thailand. “The… More

    PayPal launches PayPal.Me

    September 1st, 2015

    PayPal has launched a P2P payment service in 18 countries that lets consumers request money by sharing a personal PayPal.Me link. “It’s a link you can personalise with your name,” PayPal’s Meron Colbeci writes in a blogpost. “Recipients click the link on any device, enter the amount, hit send. The money is quickly transferred into your PayPal account.”

    Square Cash finds time for Apple Watch

    August 25th, 2015

    Square has updated its P2P mobile payment app to add support for Apple Watch. Version 2.8 of Square Cash will now allow users to send money, pay their contacts with a new contact-first interface and approve requests with a single tap.

    SIX and Swisscom partner with banks for national mobile payments service

    August 6th, 2015

    Switzerland’s financial infrastructure operator SIX and telecommunications provider Swisscom have partnered with a number of banks in the country to establish a nationwide mobile payments service that would enable consumers to make in-store mobile payments… More

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