News about Peer-to-peer payments.
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.
February 8th, 2016
Mobile banking service Pocopay has launched in the Netherlands, Spain and its home country of Estonia to let consumers split bills, request money using email addresses or QR codes and make payments via a MasterCard…
February 8th, 2016
Indian consumers can now make payments at participating retail locations using their mobile device and sound based technology developed by startup ToneTag. The feature has been integrated into MoboMoney, an NFC payments platform launched by information technology provider Tech Mahindra in December 2015, to extend the service to a greater number of mobile devices and merchants across the country.
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.”
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.
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.
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.
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.
January 8th, 2016
PARTNER NEWS: Mobile money specialist Mahindra Comviva has produced a video that shows how NFC payments are being deployed in Africa by Zimbabwe-based carrier Econet Wireless. The film provides an overview of the mobile network operator’s EcoCash service…
September 21st, 2015
India’s Axis Bank has launched Lime, a mobile wallet that combines banking, shopping and payment services and lets customers make in-store purchases using an encrypted audio signal generated by their device. “The pay feature will allow…
September 10th, 2015
Google has begun rolling out its Android Pay mobile payment platform across the US today. In-store NFC mobile payments using the system will be possible at more than one million locations within the next few days, with in-app payments and loyalty expected later this year.
September 10th, 2015
Google has relaunched and repositioned its tap-and-pay Google Wallet app as a peer-to-peer payment solution ahead of the expected rollout of Android Pay later this month. “For now, two versions of Google Wallet exist in the Google Play…
July 8th, 2015
Ant Financial has released a new version of its Alipay app for iOS and Android, adding new Friends and Merchants tabs that provide support for peer-to-peer payments and for Koubei, the US$1bn mobile commerce joint venture between Ant Financial and Alibaba that was announced last month.
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.
July 1st, 2015
Facebook has made its Messenger mobile payments service available across the US following its launch in New York City in May. The service was first unveiled in March as a way for users to send and receive money for free through the Messenger app. “Add your debit card and pay anyone on Messenger in a few taps,” the social network says.
June 26th, 2015
Three in ten Australians plan to use their smartphone for all their digital money and financial needs by 2017 and one in five (17%) are already using their smartphones to make in-store payments, research from lender Fair Go Finance reveals. “50% would like to use biometrics instead of PIN codes by 2020,” the survey finds. “One in ten said they would use Facebook to transfer money to friends and family.”
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 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.
June 4th, 2015
One in five Europeans expects to use their mobile phone to make payments on a daily basis by 2020, growing from the one in ten who do so already today, research from Visa Europe has…
May 28th, 2015
Facebook is to roll out its mobile payments service to New York City and surrounding metro areas and will add additional functionality to make it “easier to send and receive money”, an email sent out by the social network and seen by VentureBeat reveals. The service was first unveiled in March as a way for users to send and receive money for free through the Messenger app. New features include hyperlinked dollar amounts and the possibility to send payments to a single person when part of a group conversation.