Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More
P2P
Swiss P2P payments service moves in-store with QR codes
Shoppers in Switzerland can now make in-store mobile payments using Paymit, the P2P transfer service established by the country’s financial infrastructure operator SIX and telecommunications provider Swisscom... More
Pin4 rolls out mobile ATM withdrawals in the US
Consumers in New York, Miami, Chicago and Los Angeles can now make P2P cash withdrawals using a PIN code sent to their mobile phone at ATMs equipped with technology from Pin4 and ATM network operator Payment Alliance International... More
Nearly 1bn to use NFC payments by 2019
A total of 1.09bn people will be making mobile proximity payments globally by 2019, of which 939.10m will be made through NFC, Ovum’s new m-payments forecast reveals. The total transaction value of mobile proximity payments will grow from US$4.77bn to $141.21bn over the same time period. More
Mahindra powers AsiaHawala mobile money in Iraq
PARTNER NEWS: Customers of Iraqi mobile network operator Asiacell can now make P2P transfers, settle bills and pay merchants using AsiaHawala, a mobile money service powered by Mahindra Comviva’s Mobiquity Money solution... More
ARM includes AMS NFC payments booster in wearables reference design
PARTNER NEWS: A new reference design for wearables from processor designer ARM includes high-performance NFC technology from AMS that enables small-footprint devices with tiny antennas to couple with NFC readers as easily and reliably as a contactless card... More
Barclays Pingit adds BBM support
UK users of BlackBerry’s BBM messaging service can now initiate mobile payment transfers to each other using Barclays’ Pingit P2P payment service... More
Payfriendz launches P2P messaging app in the UK
UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz... More
Paym reports 89% increase in use in second half of 2015
More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed. More
European Central Bank to develop P2P service
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... More
Ugo Wallet adds P2P transfers
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... More
Swiss banks add support for Paymit mobile payments
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... More
Apple Pay leads US mobile payments market
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... More
Jetco to launch P2P payments with 12 Hong Kong banks
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... More
Radius Bank launches P2P transfer service
Customers of the USA’s Radius Bank can now make peer-to-peer money transfers using the recipient’s email address or mobile number... More
Westpac launches money transfers via mobile
Customers of Australian bank Westpac can now transfer money to others using only their mobile phone number... More
Google Wallet adds P2P transfers via SMS
Google Wallet users will soon be able to send money to anyone in their contact list using just a phone number... More
Wirecard launches HCE payments in four European countries
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
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
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... More