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Peer-to-peer payments

News about Peer-to-peer payments.

Alipay 9 launches with support for Koubei merchant payments and P2P transfers

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. More

Apple files P2P via NFC patent

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.

Facebook rolls out Messenger mobile payments across US

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.

One in five Australians make in-store mobile payments

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.”

Evercoss to pre-install mobile wallet on handsets

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… More

UAE banks approve mobile wallet project

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.

One in five Europeans expect to make daily mobile payments by 2020

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… More

Facebook rolls out Messenger payments to New York

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.

Google teams up with US carriers for NFC mobile payments

February 23rd, 2015

Google Wallet will be pre-installed on all Android phones supplied by Softcard partners AT&T Mobility, T-Mobile USA and Verizon Wireless from “later this year”, Ariel Bardin, Google’s vice president of payments, has announced. The deal… More

Emirates banks move towards mobile wallets

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.

Mobile payments platform Sixdots goes live with multiple banks in Belgium

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… More

Polish banks join up for launch of Blik mobile payments service

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… More

SnapChat adds cash transfers

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.”

Korean banks partner with messaging giant for mobile banking service

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… More

SIA offers Europeans instant P2P payments with Jiffy

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… More

Ecuador’s central bank plans national mobile wallet

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.”

Kotak launches P2P payments for Facebook

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.”

Groupe BPCE launches Twitter money transfers

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. More

Square lets customers make P2P payments via BLE

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… More

Messenger to add payments

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.”

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