News about P2P.
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.
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.”
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.”
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.”
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.
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.”
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…
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.”
August 25th, 2015
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…
July 28th, 2015
Hong Kong Telecommunications (HKT) subsidiary HKT Payment has launched a SIM-based NFC mobile payment service to let customers of its 1010 and Csl mobile service brands pay at more than three million locations worldwide which…
July 3rd, 2015
Apple has filed a US patent application for a payments service that would enable peer-to-peer money transfers via NFC and Bluetooth. Person to Person Payments Using Electronic Devices describes how two individuals can use electronic devices “such as cellular telephones” to directly conduct financial transactions with each other by communicating encrypted financial credentials.
June 25th, 2015
Indonesia’s largest smartphone and tablet manufacturer is to pre-install a mobile wallet on up to three million of its mobile devices annually, allowing users to make QR code-based in-store payments, online payments and P2P funds…
June 17th, 2015
The NFC Forum has released a new candidate specification that extends the functionality of NFC devices to include formal support for a new category of NFC tag. NCI 2.0 also enables tag data stored on…
June 16th, 2015
The UAE Banks Federation, a standards body representing 50 Emirates banks, has cleared its mobile wallet project for launch and is now awaiting final approval from the nation’s central bank following a pre-implementation phase completed in December. The UBF mWallet project represents the financial component of the UAE’s Smart Government initiative and will enable banks to offer P2P, NFC mobile payments and loyalty programs to customers.
May 26th, 2015
Denmark’s Danske Bank is to build support for mobile commerce platform PowaTag into its MobilePay app, allowing two million Danes to order and pay for goods with their smartphones via ‘virtual boutiques’ generated by PowaTag…
May 20th, 2015
MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account. “Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, located domestically or abroad,” the company says. “This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts and via cash agent outlets.”
January 6th, 2015
Broadcom has introduced an automotive-grade NFC controller designed to be built into vehicles to simplify set-up for mobile device connectivity and enable solutions such as keyless entry. The BCM89095 meets the special requirements of the automotive industry, which include extreme temperature tolerance and multiple sets of international manufacturing guidelines. The low-power chip supports reader/writer, P2P and card emulation modes.
July 21st, 2014
While convincing consumers to make use of a mobile wallet remains an issue for many providers, shoppers that do convert to mobile payments make extensive use of the technology, Nielsen’s Q2 2014 Mobile Wallet Report…
June 27th, 2014
New support for Android Beam, the name used for NFC peer-to-peer sharing in Android, is to be introduced with Android L, version 5.0 of Google’s operating system. Currently, Android Beam only springs into action once…