News about Peer-to-peer payments.
December 9th, 2014
The UAE Banks Federation has announced the completion of the pre-implementation phase of a project to develop a mobile wallet platform that all its 51 member banks will be able to use to offer P2P, mobile payments and loyalty programs to their customers. “Participating banks will have the choice to link with this application or integrate the system with their own internet and mobile banking platforms,” the federation says.
December 8th, 2014
Customers of nine banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a six-digit PIN to make payments in…
November 18th, 2014
The National Bank of Poland has given the go-ahead for the launch of Blik, a mobile payments service backed by six Polish banks that lets customers make payments in stores and online, withdraw cash from…
November 18th, 2014
SnapChat and Square have teamed up to launch Snapcash, a service that builds on Square Cash to let SnapChat users send cash transfers to friends from within the photo messaging app. “After you enter your debit card, it’s securely stored by Square, who will swiftly process your payment and send cash directly to your friend’s bank account,” SnapChat says. “Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button.”
November 13th, 2014
Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology…
October 27th, 2014
Payment processor SIA has launched a peer-to-peer payments service that lets users send and receive money in real-time with their smartphone. Based on the Sepa Credit Transfer scheme, Jiffy is available to all banks operating in…
October 22nd, 2014
Banco Central del Ecuador is to launch a mobile payments scheme to act as the national mobile wallet in the country, Payments Views reports. “The vision includes building out an ecosystem that includes P2P, top-up, B2B, cash in and cash out, in-store purchases and electronic receipts,” the article explains. “The plan is to link the mobile payment platform with the banking platform so that mobile accounts can receive funds from and send funds to bank accounts.”
October 21st, 2014
Kotak Mahindra Bank has launched a bank-agnostic payment service for Facebook that will enable 250 million Indian bank account holders to transfer money by choosing a recipient’s name from their friends list. “KayPay offers a safe and secure platform to transact on the social networking site through a two-level authentication — Facebook user ID and password, and a one-time password,” the bank explains. “Further, both sender and receiver immediately receive notifications via SMS and on Facebook about the transfer.”
October 15th, 2014
Groupe BPCE, the second largest banking group in France, has launched a service that will let users of its S-Money mobile app send money transfers via Twitter.
October 13th, 2014
Square has added a feature to its Square Cash app that lets users leverage Bluetooth Low Energy (BLE) to make payments to anyone nearby, as well as an order ahead service for users of its…
October 6th, 2014
The ability to make payments from within Facebook Messenger is on its way, according to screenshots and video footage spotted by Techcrunch. “Messenger’s payment option lets users send money in a message similar to how they can send a photo,” the report explains. “Users can add a debit card in Messenger, or use one they already have on file with Facebook. An in-app pincode also exists for added security around payments.”
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…
July 18th, 2014
Barclays’ Pingit P2P payments service has been used to send £540million since the launch of the service in February 2012, the bank has revealed, and the app has been downloaded 3m times. One in four UK Pingit users are based in London and users in the capital sent more than £60m via Pingit in the first six months of 2014.
May 29th, 2014
US startup QuickCoin is making it possible for Facebook users to send Bitcoins to friends from within the social networking platform. “Simply log in, find a friend, click send and they get Bitcoin,” the company says. “QuickCoin works on any device, is usable anywhere in the world and, best of all, QuickCoin transfers are instantaneous, regardless of time or day.”
May 27th, 2014
More than 500,000 UK bank account holders have signed up for Paym mobile payments since its launch last month, the Payments Council reports, and the organisation is now looking at adding additional proxies to the service,…
May 7th, 2014
Spain’s CaixaBank has become the first bank in Europe to launch a Facebook application that allows users to view their bank accounts and perform transactions via the social network. The bank will start by supporting…
February 24th, 2014
Accenture has introduced a mobile wallet platform that supports payments in stores via both NFC and QR as well as peer-to-peer payments, transport, loyalty and gift cards. The platform can also automatically suggest which of a range of offers should be presented to a particular customer when they enter the perimeter of a geo-fenced store or move within range of a Bluetooth LE beacon.
September 30th, 2013
National Australia Bank has launched a mobile payment service that lets users send, receive and request payments via NFC, QR codes, a mobile phone number, an email address or Facebook. Customers can use the service…
September 17th, 2013
Google has released a new version of Google Wallet that will allow anyone with an Android device running version 2.3 ‘Gingerbread’ or higher to store loyalty cards and offers on their mobile phone as well…
June 17th, 2013
Luxembourg-based mobile payments and loyalty provider Mobey is to launch its FlashiZ prepaid service in Australia by the end of this year. The company’s digital wallet supports both NFC and QR codes and is currently available online…