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    Peer-to-peer payments

    News about Peer-to-peer payments.

    Wells Fargo joins ClearXChange

    June 28th, 2016

    Customers of Wells Fargo in the US will soon be able to make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange. “Beginning August 1, Wells Fargo’s service will allow its customers to send funds in real-time at no cost to any customer of a bank that participates in the real-time service,” the bank says. ClearXChange was made available to all member financial institutions in June 2015. JPMorgan Chase also signed up to the service earlier this month.

    Jiffy payments launches in-store in Milan and Bergamo

    June 23rd, 2016

    Italian consumers are now piloting in-store mobile payments using Jiffy, the person-to-person (P2P) payment service launched by payment processor SIA in October 2014. The service makes use of QR codes at the point of sale. More

    More US consumers open to mobile payments

    June 22nd, 2016

    Two out of five US consumers (40%) have or would use in-store mobile payments, up from 34% in 2015, research from Bank of America reveals. “The majority (57%) of consumers would consider or are already using a P2P money transfer service from their bank,” the bank adds. “Nearly two in three (62%) respondents use mobile or online as their preferred method of banking. More than half (54%) of consumers also say they are active users of a mobile banking app, up from 48% last year.”

    MintChip launches for in-store and P2P payments in Canada

    June 21st, 2016

    Canadians can now use the MintChip virtual currency to send and receive money through a P2P mobile app and make payments at participating merchants in Toronto’s Liberty Village neighbourhood by scanning a barcode. A partnership with… More

    Thai banks to launch P2P payments with PromptPay

    June 20th, 2016

    Fifteen commercial banks and four specialised financial institutions in Thailand are to begin registration for PromptPay, a mobile P2P service developed by Bank of Thailand (BOT) and the Thai Bankers’ Association. “With this new money transfer service, transferees simply need to link their national ID or mobile phone numbers to their accounts for successful transactions,” BOT says. “All banks confirmed their readiness for the official launch of public registration nationwide from July 15, 2016.”

    JPMorgan Chase joins ClearXChange

    June 16th, 2016

    JPMorgan Chase has joined its US rivals in letting its customers transfer money in real time between financial institutions signed up to bank-led digital payments network ClearXChange. “JPMorgan, whose Chase QuickPay product handled US$20bn in P2P transfers last year, began offering the service Sunday after customers requested it,” Bloomberg reports. ClearXChange was made available to all member financial institutions in June 2015.

    Android Pay comes out on top in US survey

    June 14th, 2016

    Android Pay tops the list of the most popular mobile payment services used by US consumers with 19% saying they have made an in-store payment via the service, research from Walker Sands reveals.  More

    ICBPI to launch instant payment platform

    June 7th, 2016

    Istituto Centrale delle Banche Popolari Italiane (ICBPI) is to establish an instant payments solution in the first quarter of 2017 in partnership with Danish payment services provider Nets. “Based on the very successful implementation of Nets RealTime24/7 solution in Denmark, the ICBPI’s instant payment platform will serve the Italian Payment Service Providers (PSPs),” Nets says. “There will be no limit to the use cases but the focus will be on mobile payments, initially targeting P2P 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

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