article thumbnail

India’s Digital Payment Revolution: A Decade of Unprecedented Growth

Fintech News

The system is widely used across India for a variety of financial transactions, including peer-to-peer (P2P) payments, bill payments, and online shopping, accounting for 53.4% of all transactions in 2023, according to the 2024 Prime Time for Real-Time report by ACI Worldwide.

article thumbnail

13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

11 Most Promising Singapore Fintech Startups in NextGen Tech 30

Fintech News

Funding Societies Funding Societies illustration, Source: Funding Societies Established in 2015, Funding Societies is a regional fintech company that specializes in providing financing to micro, small and medium-sized enterprises (MSMEs). The company provides businesses with access to funding through a peer-to-peer (P2P) lending model.

article thumbnail

Twitter Payments

Finance Magnates

It has the ability to send micro messages, which is fantastic; it has Spaces where you can host or join live audio conversations and discussions. I think it’s only natural that Twitter will look at P2P payments (person-to-person payments) or Twitter account-to-Twitter account payments on the platform as time progresses.

article thumbnail

ACH Fraud Is Rising - And New NACHA Measure Leaves Gaps

FICO

Specifically, ACH Originators of WEB debit entries are required to use a “commercially reasonable fraudulent transaction detection system” to screen WEB debits for fraud. Trial and micro deposits of just a few cents. If the transaction arrives, it qualifies as a status check for that account.

article thumbnail

If Facebook Wants To Be WeChat, Why Did It Launch Libra?

PYMNTS

Square Cash enables P2P payments and takes in funds – now including bitcoin deposits. And all of them – developed and developing – use regulated rails, bank accounts and compliant fiat currencies to remove user confusion and friction, establish trust, enable merchant acceptance and accelerate market entry and scale.

article thumbnail

Sleepless In 2017: The Eight Big Shifts That Should Keep FIs, Retailers and Payments Execs Up At Night

PYMNTS

P2P platforms in developing countries offer access to new funding and people access to credit , likely for the very first time. For consumers to decide that messaging apps are their new commerce point of entry will require that the apps within them get much smarter and the user interface much slicker. Commerce Gets Conversational.