Fintech News

JULY 21, 2024

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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P2P Caps Consumer Protection Risk Management 112

Clearly Payments

AUGUST 24, 2024

Debit payments, peer-to-peer (P2P) money transfers, and digital cash have been evolving at a good pace over the past 10 years. The Rise of P2P Platforms P2P money transfer platforms such as PayPal, Venmo, Cash App, and Zelle have seen exponential growth in recent years.

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Debit Card P2P Cross-Border Central Bank 105

PYMNTS

JANUARY 22, 2021

"Our strategic partnerships have enabled MoneyGram to create the world's leading network, and this expansion is another milestone on our journey to lead the evolution of digital P2P payments," Alex Holmes, MoneyGram chairman and CEO, said in a press release on Friday (Jan. using Visa Direct.

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P2P Cross-Border Real Time Payments Cross-Border Payments 107

Payments Dive

OCTOBER 2, 2024

Zelle, the popular peer-to-peer payment service, and rivals should be more upfront with consumers about the ability to ask for money back, Consumer Reports says.

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Payments Tools P2P Consumer Zelle 163

PYMNTS

NOVEMBER 6, 2020

COVID-19 has shifted consumers away from card-based payments experiences, while P2P has accelerated a change enabling merchants to own the payments experience itself, Debbie Guerra , executive vice president of merchant and payments intelligence solutions at ACI , told PYMNTS in a recent interview.

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Real Time Payments P2P Payments Contactless Payments 109

PYMNTS

NOVEMBER 27, 2020

Consumers have meanwhile transitioned even more toward payment solutions that allow them to send or receive money in real time, with P2P apps like Zelle and Venmo reporting jumps in user activity during the first half of 2020. Payment frictions and P2P’s impact. Driving faster payments forward.

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Real Time Payments P2P B2B Zelle 106

Payments Dive

FEBRUARY 12, 2024

“When it comes to addressing instances of financial exploitation, consumers are less likely to trust P2P platforms than banks and credit unions,” an AARP survey reported.

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P2P Credit Union Addressing Consumer 103

The Paypers

MAY 6, 2025

Vietnam has decided to initiate a two-year trial period for selected fintech activities starting 1 July 2025, following government approval under Decree 94.

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P2P Governance Government FinTech 57

Bank Automation

JANUARY 29, 2024

P2P payment market size is expected to reach $6.4 consumers have P2P accounts, according to a […] The peer-to-peer payments market is growing as consumer demand ticks up and new competitors enter the space. billion by 2028, according to a January report by market research group The Business Research Co.

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P2P Research Consumer Accounts 80

Fintech News

MARCH 18, 2024

According to a DealStreetAsia report , the P2P lender has been accused of defaulting on loans, putting the spotlight on its business practices amid the sector’s broader issues. Indonesian peer-to-peer lending platform Modal Rakyat is facing a lawsuit filed in the South Jakarta district court on 20 February.

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P2P Disputes Legal Underwriting 103

PYMNTS

NOVEMBER 16, 2020

Facebook ’s messaging service will soon get a green light to start providing peer-to-peer (P2P) payment services in Brazil, Roberto Campos Neto , head of the country’s central bank, said at a news conference Monday (Nov. WhatsApp will start doing P2P soon,” Campos Neto said, per Reuters. “I 16), Reuters reported.

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P2P Central Bank Instant Payments NOV 105

Fintech News

DECEMBER 2, 2024

It’s followed by point-of-sale (POS) terminals with 24 companies and a share of 11%; cryptocurrency and blockchain with 22 companies and a share of 10%; and peer-to-peer (P2P) lending with 21 companies and a share of 9.5%. The payment vertical continues to dominate, with 48 companies and a share of 21.8%. rate in 2023.

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Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 111

PYMNTS

NOVEMBER 3, 2020

Zelle Says P2P Payments Top One Billion Transactions. In today’s top news in digital-first banking, digital payments network Zelle crossed over the one-billion transaction mark, while China’s tests of a digital yuan have processed over four million transactions.

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Zelle P2P ISO 20022 Transactions 122

Payments Dive

JUNE 12, 2024

The P2P ‘Tap to Cash’, which enables iPhone users to transfer money by holding their phones together, was unveiled along with a slate of other features Monday.

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Payments Source

JUNE 17, 2019

Investment in B2B fintech startups has been ramping up for the past couple of years, and in the next year we’ll start to see businesses reaping the benefits of the fintech wave, says Nvoicepay's Karla Friede.

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P2P Innovation B2B FinTech 126

Payments Dive

AUGUST 5, 2024

The bank flagged government inquiries over its handling of P2P disputes in May, and said Friday it would consider litigation if the agency issues an enforcement action.

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Zelle CFPB Disputes P2P 158

Payments Dive

JUNE 2, 2023

The federal agency told consumers that money sitting in uninsured accounts, such as some offered by PayPal, Venmo and Cash App, could be at risk.

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P2P CFPB Venmo PayPal 103

Payments Source

NOVEMBER 17, 2019

Up against the rising success of social payments providers like Venmo and Square Cash, banks are deploying more options to keep themselves at the focus of digital payments.

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P2P Venmo FinTech Digital Payments 119

Payments Source

JUNE 9, 2020

If a fraudster gets hold of a consumer's credentials, everything from mobile wallets, to a checking account, savings account or P2P account is in jeopardy of takeover. Identity fraud holds no prisoners when it comes to payments.

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Account Takeovers Accounts Credential P2P 170

Payments Source

SEPTEMBER 15, 2020

Square is entering the earned wage access (EWA) fray, but it’s taking a tailored approach that aims to drive transaction volume within its Cash App.

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P2P B2B Volume Transactions 126

Finextra

JUNE 12, 2025

inDrive, a global mobility and urban services platform operating across 48 countries, has introduced seamless Pix via Open Finance payments for its ride-hailing and delivery services in Brazil.

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P2P Payments Finance 52

Payments Source

DECEMBER 1, 2020

Libra is distancing itself from Facebook not only through a name change, but also by attempting to draw attention toward its digital payment rail instead of the creation of alternative money.

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P2P Digital Payments Payments Cryptocurrency 117

EBizCharge

JULY 24, 2024

From the simplicity of splitting a meal cost to scrambling for a wallet-less solution at a flea market, peer-to-peer (P2P) payments offer a modern alternative to traditional cash and check systems. Understanding the mechanics of P2P payments is crucial for businesses looking to stay ahead in the increasingly cashless marketplace.

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P2P PCI DSS Encryption Fraud Prevention 52

Finextra

AUGUST 21, 2024

Kem, the fastest-growing P2P payment app in Kuwait, has received a $3 million investment from Tether, the largest company in the digital asset industry.

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P2P Payments 59

Finextra

JANUARY 10, 2024

Social media platform X, formerly known as Twitter, says it will introduce peer-to-peer payments this year.

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P2P Payments 96

Fintech Finance

AUGUST 15, 2024

FIS® (NYSE: FIS), a global leader in financial technology, today announced that it is unlocking the Neural Payments solution to its clients, expanding the availability of peer-to-peer (P2P) payments by leveraging the company’s global scale and NYCE debit rails to bring this capability to a wider range of institutions.

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P2P Debit Network FedNow RTP 59

Payments Dive

OCTOBER 4, 2022

The senator pushed to bolster a key CFPB rule after releasing a report tallying claims of fraud and scams on the P2P platform submitted by Truist, PNC, U.S. Bank and Bank of America.

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Zelle CFPB Scams P2P 146

Payments Source

FEBRUARY 25, 2021

Early Warning's person-to-person payment network predicts that faster settlement through The Clearing House's Real Time Payments will enhance its appeal.

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Zelle Real Time Payments P2P Settlement 128

The Fintech Times

SEPTEMBER 9, 2024

Dubai will welcome global financial leaders, regulators and academics for the 10th P2P Financial Systems International Workshop (P2PFISY) in October. “We look forward to engaging with global leaders, academics, and industry experts to continue driving the evolution of P2P financial systems.”

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P2P Federal Reserve Central Bank Financial Inclusion 59

Finextra

DECEMBER 13, 2023

Japanese card issuer JCB is moving to Phase 2 of a pilot to trial offline P2P payments for a central bank digital currency (CBDC).

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CBDC Card Issuer P2P Digital Currency 137

Payments Source

NOVEMBER 16, 2020

It will take years to fully complete the project, but Mastercard has announced the availability of real-time account-to-account corporate payments for U.S. firms through its Mastercard Track Business Payment Service (BPS), with plans to add cross-border payments next year.

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Visa Cross-Border Payments Cross-Border P2P 117

Finezza

SEPTEMBER 29, 2024

Peer-to-peer (P2P) lending became a global phenomenon after the 2008 financial crash, emerging as a reliable alternative to traditional financial institutions including banks.

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P2P Origination Service Provider Posting 52

Finezza

SEPTEMBER 29, 2024

Peer-to-peer (P2P) lending became a global phenomenon after the 2008 financial crash, emerging as a reliable alternative to traditional financial institutions including banks.

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P2P Origination Service Provider Posting 52

Fintech Finance

DECEMBER 17, 2024

Visa Direct , a real-time push payments platform, facilitates quick, cost-effective transactions domestically and cross-border, including B2B and P2P payments. Personalized Experiences: Gen Z and Millennials seek personalized experiences.

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Payments Trends Cross-Border AI Payments 97

Payments Source

NOVEMBER 2, 2020

Reflecting the rapid transition to digital payments, PayPal has reported its strongest growth in total payment volume and revenue in its history, coupled with strong growth for Venmo, its P2P app.

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Venmo Volume PayPal Continuity 136

Finextra

NOVEMBER 13, 2024

Bank-backed mobile payment operators from Italy, Spain and Portugal have pioneered interoperable money transfers, making it possible for users to conduct instant cross-border P2P transactions.

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Interoperability Mobile Payments Cross-Border P2P 122

Payments Source

JANUARY 23, 2019

While these consumers may not be the first to use mobile P2P apps, they do represent a sizeable payment opportunity because of their economic purchasing power. Americans aged 50 and older represent a sizeable portion of the U.S. population – 115 million individuals in 2018.

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P2P FinTech Consumer Payments 137