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Vietnam to Launch Two-Year Sandbox for P2P Lending, Data Sharing

Fintech News

Vietnam’s government has approved a two-year pilot programme to test peer-to-peer (P2P) lending, credit scoring, and open API-based data sharing, according to Vietnam News. P2P lending will be central to the trial, enabling borrowers and lenders to connect directly via digital platforms without the involvement of traditional banks.

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BofA sees Zelle P2P cash gifts rise during COVID-19

Payments Source

Bank of America has seen a 33% increase in cash gifts flowing through the Zelle P2P app since the start of the pandemic, with total gifting volume reaching $1 billion.

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Zelle service unavailable for many users after Fiserv tech glitch

Payments Dive

The P2P payments experienced technical troubles Friday as Fiserv cited an "internal issue" that disrupted its service.

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Mastercard: The Touchless And Caring Economies Are Boosting P2P Adoption

PYMNTS

Consumers seeking out low- to no-touch payments options amid public health concerns have combined with an uptick in charitable donations and tips to boost the comfort with peer-to-peer (P2P) payment platforms, Silvana Hernandez , senior vice president of digital payments at Mastercard , told PYMNTS. Staying Home And An Aversion To Cash.

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China’s P2P Lending Crackdown Leaves $115B In Losses

PYMNTS

China’s peer-to-peer (P2P) lending sector, once 6,000 businesses strong, has been reduced to fewer than three dozen as the government tightened regulations, leaving billions in loans unpaid. At one time, the P2P industry issued more than $150 billion of loans from 50 million investors. 14), per the report.

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Jack Henry debuts P2P payments tool

Payments Dive

The company is bringing the peer-to-peer payments tool to community and regional bank clients, after big banks made P2P popular through Zelle.

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OJK Plans to Raise P2P Funding Limit for Business Loans

Fintech News

Indonesia’s Financial Services Authority (OJK) plans to raise the maximum limit for peer-to-peer (P2P) funding above the current IDR 2 billion cap, specifically for productive funding used for business and economic activities, rather than consumptive funding for personal use.

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