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    Peer-to-peer payments

    News about Peer-to-peer payments.

    MyPay to launch mobile wallet in Myanmar

    May 24th, 2016

    Customers of mobile financial services provider MyPay in Myanmar will soon be able to make payments using their mobile phone through a new service based on technology from mobile wallet provider Cellum. “Cellum Mobile Next, Cellum’s market-tested mobile commerce wallet, will be available under the MyPay brand,” Cellum says. “The innovative wallet offers the latest functions like payment by QR code, P2P transfers, online checkout, airtime top-up and bill payment. At a later stage, NFC services will also be added.”

    Telefonica and Fidor Bank to launch mobile bank in Germany

    May 13th, 2016

    Mobile network operator Telefonica is to launch a mobile banking service in Germany this summer using technology supplied by Fidor Bank. Customers who sign up for an account will receive an O2 MasterCard for cash withdrawals and shopping, and a mobile app that will allow P2P transfers. “This cooperation is the first disruptive alliance in Germany between a telecommunications company and an innovative digital bank,” says Fidor Bank CEO Matthias Kröner.

    Seamless authorised to issue electronic money

    May 11th, 2016

    Swedish mobile payments specialist Seamless has been granted authorisation to issue electronic money by Finansinspektionen, the country’s financial supervisory authority. “This means that Seqr users can send and receive money, worldwide, in real time,” the company says. “Under the terms of the authorisation, Seqr can also be used by minors. Money received can be accessed instantly to make payments anywhere in the world where NFC payments are accepted.”

    Jetco launches P2P payment service with Gemalto

    May 10th, 2016

    PARTNER NEWS: Hong Kong ATM network Jetco has selected Gemalto’s Ezio Mobile Suite for the launch of its Jetco Pay P2P payment service in conjunction with 12 Hong Kong banks. The service, which will be made available from the Jetco mobile app, will allow users to send and receive funds using mobile phone numbers. Jetco announced its plans to launch the P2P service in January 2016.

    UK businesses to get payment service via Pingit and Paym

    May 10th, 2016

    UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or… More

    WeChat integrates with Givex to push in-store presence

    April 14th, 2016

    Chinese ecommerce giant Tencent’s WeChat mobile payments and messaging app has been integrated with Givex’s Vexilor point-of-sale solution to enable users of the service to make in-store purchases by scanning a QR code. More

    Mobeewave launches P2P payments app

    April 14th, 2016

    Canadian consumers can now accept payments by having a contactless card tapped against their NFC phone using PayMeTap, a P2P payments app developed by Mobeewave. After entering the amount to be paid, “the only action required is to tap the card you want to charge to your phone and money is deposited in your account within 48 hours,” the company says. “The person making the payment doesn’t need to be signed up to the service.”

    One in four Norwegians use P2P payments app Vipps

    March 21st, 2016

    A quarter of Norway’s population is now using Vipps, a P2P mobile payment solution launched by financial services group DNB and Tata Consultancy Services (TCS) in May 2015. “85% of Norwegians know about the P2P payments platform and it is the number one downloaded app in Norway,” TCS says. “Vipps makes mobile payments as simple as sending a text message and is available for use on all mobile devices. Another key feature is that it allows short chat messaging between the users.”

    Jiffy reports 300,000 P2P payments users

    March 21st, 2016

    More than 300,000 Italians have registered to use P2P payment service Jiffy since it was launched by payment processor SIA in October 2014. “The average value of a single transaction is €44 and around 50% of the transfers are for sums under €25,” SIA says. “23 bank groups, of which four since the beginning of 2016, have subscribed to SIA’s P2P payment service since its launch on the Italian market. Once all the banks are active, the service will therefore be accessible by over 32m Italian current accounts, equal to around 80% of the total.”

    MegaFon closes P2P payments service

    March 14th, 2016

    Russian mobile network operator MegaFon has closed its MegaFon Money P2P mobile payment service in favour of supporting Qiwi Wallet, which integrated host card emulation (HCE) support in August 2015. “After we launched a joint service with Qiwi Wallet last February, we made a decision not to develop two similar financial services in the company and to close MegaFon Money,” the carrier confirmed to NFC World.

    mBank cancels NFC SIM deals in favour of HCE and bank-backed Blik mobile payments

    March 7th, 2016

    Poland’s mBank has withdrawn the facility for customers to add mobile versions of their debit cards to the NFC payments services offered by mobile network operators T-Mobile and Orange. Instead, the bank has told NFC World,… More

    Polish bank brings HCE payments to Windows 10 devices

    March 3rd, 2016

    Customers of Poland’s Bank Pekao with a Windows 10 Mobile device can now use the bank’s PeoPay host card emulation (HCE) based mobile payment service to make transactions at any contactless terminal. The service is believed… More

    58% of millennials prefer friends to pay cash

    March 3rd, 2016

    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. Of the 26% who chose P2P payment apps, 11% prefer PayPal, followed by Venmo (6%), Google Wallet (5%) and Square Cash (4%).

    Swiss P2P payments service moves in-store with QR codes

    March 3rd, 2016

    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. The in-store functionality is being piloted with select merchants… More

    Pin4 rolls out mobile ATM withdrawals in the US

    February 25th, 2016

    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. “Pin4 sends a text to the money recipient’s phone revealing a secure PIN, which they enter along with a code the sender has provided,” Pin4 says. “Pin4 will continue expansion throughout the year and will have full nationwide access in the fourth quarter of 2016.”

    Nearly 1bn to use NFC payments by 2019

    February 25th, 2016

    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

    February 23rd, 2016

    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. “Currently, AsiaHawala is using USSD that is available across all types of mobile devices and will soon be adding new channels,” Mahindra Comviva says. “AsiaHawala is available to 10.6m Asiacell customers which covers almost 28% of the total Iraqi population.”

    Barclays Pingit adds BBM support

    February 19th, 2016

    UK users of BlackBerry’s BBM messaging service can now initiate mobile payment transfers to each other using Barclays’ Pingit P2P payment service. “Once a user has added their BBM ID as a linked ID within Pingit, they can initiate a money transfer directly from within a BBM conversation as easily as sending a photo or sticker to a BBM contact,” Barclays says. Pingit currently has more than 2.9m users and more than 68,000 businesses signed up to the service.

    Payfriendz launches P2P messaging app in the UK

    February 15th, 2016

    UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz. “Payfriendz is a social chat and mobile payments app which allows users to easily send, request and receive money from friends and contacts,” says Paysafe, the payments provider for the service. “Once funds have been collected, users can transfer the money to their UK bank account. They can also shop online using a virtual MasterCard card linked to their Payfriendz account.”

    Paym reports 89% increase in use in second half of 2015

    February 9th, 2016

    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

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