Stax

MARCH 27, 2025

Digital wallets, peer-to-peer (P2P) payments, and debit card payments are great for quick, everyday customer transactions. Payments can also be made to local vendors via electronic bank transfers, or fund global transactions with wire transfers. Some digital wallets and P2P payments also charge merchant fees.

ACH

The Paypers

JUNE 12, 2025

In essence, it found that younger generations play a key role in the increased use of person-to-person (P2P) payments and interest in emerging technologies. Three-quarters of respondents from this age group reported using P2P services, reflecting a 21-percentage point increase since 2020.

P2P

Payments Dive

JULY 16, 2025

But those institutions face a difficult choice when deciding whether or not to join the P2P payment platform, said Richard Crone, CEO and founder of Crone Consulting. Customers want access to real-time payment networks like Zelle, but the network charges relatively high rates, he said.

Zelle

PYMNTS

JANUARY 22, 2021

Global payments firm MoneyGram is advancing its Visa debit card deposit service across Europe in a partnership with Checkout.com and continued collaboration with Visa’s real-time push payments platform Visa Direct. Consumer demand for real-time payments direct to bank accounts and mobile wallets continues to surge.”.

P2P

PYMNTS

FEBRUARY 13, 2020

Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company.

P2P

PYMNTS

JULY 24, 2018

Remittances As Global P2P On Ramps. That includes using technology to take the notion of simply moving money from one country to another to a new level, including sowing the seeds for the ignition of a real-time global, mobile P2P network that offers senders and receivers optionality, convenience and security.

P2P

PYMNTS

SEPTEMBER 9, 2019

The person-to-person (P2P) money transfer option offers U.S. And in partnering with Visa, the world’s leader in digital payments, we’re providing our customers with a dependable option that they know and trust.”. Fees for the new P2P debit card deposit service start at $1.99. 9 press release. Currently available in the U.S.

Debit Card

PYMNTS

MAY 28, 2019

For Total System Services (TSYS) and Global Payments, it’s official. billion, marking the latest in a string of multi-billion dollar deals among global players offering a range of services and products across the payments landscape. Global Payments CEO Jeff Sloan will serve as CEO of the combined entity.

Global Payments

PYMNTS

FEBRUARY 13, 2020

Banco Santander announced that it has hired Trish Burgess, formerly of Apple, to head up its peer-to-peer (P2P) payments department, according to a release. Burgess will lead strategy and development of the department, and will bring “new payment services to customers that are fast, simple and safe to use,” per the company.

P2P

PYMNTS

APRIL 3, 2019

As Odilon Almeida, Western Union’s president of global money transfer , told Karen Webster, the move — one of the biggest recent deals for Western Union, and no small thing for the retailer — represents the latest development in Western Union’s work to build a global peer-to-peer (P2P) network based around mobile technology.

P2P

PYMNTS

AUGUST 14, 2019

Peer-to-peer (P2P) payments are blazing a hotter path in the digital economy as the second half of 2019 gets underway – and there is fresh evidence that the payment method is not only growing, but helping to influence related endeavors. The freshest news from this part of the global payments world demonstrates those points.

P2P

PYMNTS

DECEMBER 10, 2019

10), the Visa Direct ecosystem of remittance partners will be getting larger, as global payment technology firm TransferWise has announced it will be joining the team and offering its customers a new capability to quickly and securely move money to debit cards in real time, globally. And, as of today (Dec.

P2P

PYMNTS

JUNE 19, 2020

It’s the end of the work week, and the PYMNTS Weekender is here to make sure you didn’t miss anything with the latest in payments and commerce news. We have deep dives on pandemic supply chain pivots, cross-border conversion and peer-to-peer (P2P) payments. Visa, Facebook Link Up For P2P Payments, eCommerce On WhatsApp.

Cross-Border

PYMNTS

FEBRUARY 6, 2019

Building that kind of fast, global payments network that InstaReM offers — one that creates one-stop access to every faster payments network on earth — is hard, time-consuming work that has made the firm a “heavily licensed player” all over the world.

Issuers

Fintech Finance

OCTOBER 1, 2024

Their ambition aligns with our shared vision of transforming global payments and driving growth together.” Users in the U.S. will be able to send money from their bank accounts or debit cards via OwlPay® to proceed with payouts to 26 key regions[4] in the Americas, Europe and Asia.

Cross-Border Payments

PYMNTS

JUNE 3, 2019

However, the role of cash in the growing and developing global ecosystem of payments is becoming more complex, with cash often working in tandem, so to speak, with digital technology to better tie together senders and receivers of money — and to enable better omnichannel and peer-to-peer (P2P) payment experiences.

Digital Payments

The Payments Association

FEBRUARY 7, 2025

B2B payments are an untapped opportunity While digital wallets have been transforming peer-to-peer (P2P) transactions, B2B payments remain a largely underdeveloped area. financial institutions currently support wallet-based B2B payments, indicating vast untapped opportunities for growth.

Cross-Border Payments

PYMNTS

MARCH 8, 2019

8) that it will acquire global cross-border money transfer company Transfast, which works with both P2P and B2B payments. The addition of Transfast adds to our leading position in meeting business, government and consumer payments needs – whether B2B, P2P or other flows. Microsoft disclosed on Friday (Mar.

Cross-Border

PYMNTS

JANUARY 21, 2020

Cross-border peer-to-peer (P2P) payments firm MoneyGram has teamed up with foreign exchange and global money transfer company LuLu Money , MoneyGram announced on Tuesday (Jan.

Transactions

PYMNTS

DECEMBER 17, 2018

Mike Lemberger, SVP Product Solutions for Visa, noted in the press release that the partnership with Shieldpay provides the global payment company with an opportunity to bring its digital payment functions to marketplaces and ad sites. We are excited about the future and what we can build alongside Visa.”.

P2P

The Paypers

MAY 12, 2017

(The Paypers) Western Union , a global payments company, has activated its 40th wu.com transactional website, providing full digital access for cross-border person-to-person (P2P) money transfer services.

Cross-Border

Fintech Finance

JULY 9, 2024

Most recently, he served as Global Head of Payments and Chairman and CEO of Airbnb Payments Inc. At Airbnb, Sam oversaw the strategy, design, and development of Airbnb’s global payments platform powering money movement for hundreds of millions of people.

PayPal

Fintech News

JANUARY 24, 2024

With a 42% CAGR amounting to S$319,130,450 in 2022 revenue, Coda has attracted investors including private equity firms Advent International and Primavera Capital, as well as London-based private equity firm Apis Partners and Japan’s GMO Global Payment Fund in the past.

FinTech

PYMNTS

SEPTEMBER 26, 2016

According to FT , online shopping and the adoption of mobile payments have spurred growth in revenues from the payments sector, and McKinsey predicts that global payments revenues will increase from $ 1.8 Players in the P2P “sharing economy” are fueling the adoption of digital wallets. trillion in 2014 to $2.3

Regulations

PYMNTS

JULY 15, 2019

Call it remittance on a global scale, or P2P without borders. The Xoom expansion, King said, should be placed amid the larger context of estimates by the World Bank that as much as $700 billion annually will change hands in P2P remittance transactions. All of that volume, he noted, “is ripe for innovation.”.

PayPal

PYMNTS

NOVEMBER 4, 2020

From concept to pilot to corporate payment game changer. Morgan ’s Onyx , told Karen Webster that peer-to-peer (P2P) private blockchain networks can help streamline information flows tied to cross-border payments and remove the complexities tied to legacy systems. Umar Farooq , CEO of J.P.

Blockchain

PYMNTS

AUGUST 1, 2019

Global payment services firm Western Union is teaming with Canadian financial institution TD to offer a fast, convenient way for TD account-holders to send money around the world. Western Union is in the midst of working with other companies to build omnichannel and global P2P offerings that combine cash and digital processes.

Cross-Border

PYMNTS

MARCH 17, 2020

Led by the central bank (CBA), Aruba has now entirely moved off of batch payments to real-time settlement and clearing for all interbank payments that originate in Aruba. UAE Taps Ripple For Global Payments. Like Curacao, Aruba collaborated with equensWorldline to ease the transition to real-time processes, the CBA noted.

Instant Payments

Neopay

NOVEMBER 27, 2023

The UK should use open banking to provide retailers with an alternative to card payments and to improve “clunky” P2P bank transfers, says a new government-commissioned review. ” Garner also bemoans the “clunky” nature of P2P bank transfers, which requires users to enter account numbers and sort codes.

P2P

PYMNTS

SEPTEMBER 11, 2019

“Our goal is to deliver global payment infrastructure choice and connectivity as demonstrated through our recent strategic acquisitions and partnerships, including our relationship with R3. In July, Mastercard closed on its acquisition of cross-border payments company Transfast, which works with both P2P and B2B payments.

Cross-Border Payments

PYMNTS

MARCH 13, 2020

The company has a portfolio called Bankers Almanac for Payments, which works to deliver reliable information on bank and routing data. By contrast, related fields like business-to-customer (B2C) and peer-to-peer (P2P) have become familiar with quicker, more accelerated solutions like instant, real-time payments.

Process

Fintech News

JULY 23, 2024

CNBC’s Pick of Top Fintech Firms in Southeast Asia Akseleran (Indonesia) Founded in 2017, Akseleran is an Indonesian peer-to-peer (P2P) lending platform is among the top fintech firms in Southeast included CNBC’s list. CapBay (Malaysia) CapBay is an award-winning supply chain finance and P2P financing platform established in 2016.

FinTech

PYMNTS

NOVEMBER 9, 2016

In the Western world, social payments is still a young category, Allaire noted. market, he remarked that its volume still pales in comparison to the total volume of P2P transactions that are taking place globally. “In “Our vision doesn’t end just with social payments. Despite Venmo’s lead in the U.S.

Cross-Border

PYMNTS

JUNE 22, 2016

According to reports, Commerzbank Manager Michael Kotzbauer denied that its P2P lending platform would negatively impact its own lending operations. As a new revenue stream, Commerzbank’s P2P lending platform relieves some pressure that it and all banks face from competing alternative lending companies.

Cross-Border Payments

PYMNTS

SEPTEMBER 26, 2016

Earlier this year, cybercriminals stole $81 million from the Bangladeshi central bank, and they also stole the trust that the SWIFT global payments network had built with its 11,000 users. Payments networks must constantly find new ways to battle incoming digital threats. Now, all they need is a comfortable chair and a PC.

Online and Mobile Banking

Fi911

APRIL 23, 2024

Visa Plus, or Visa+, is a money transfer service designed to act as a bridge between different P2P payment platforms. Its goal is to provide a more unified and accessible payment experience for users with minimal added complexity. The post Understanding Visa Plus: the Future of Money Transfers? appeared first on fi911blog.

Venmo

PYMNTS

AUGUST 16, 2019

The latest Smarter Payments Tracker looks at the infrastructure developments that are making cross-border payment systems faster, more seamless and interoperable. Recent American Express research found that greater transparency is one of the top priorities for firms that regularly make international payments.

Cross-Border Payments