Finextra

DECEMBER 28, 2023

The Emergence of P2P Apps In our tech-driven world, convenience reigns supreme. Peer-to-peer (P2P) p.

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P2P Payments 64

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.

P2P 107

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

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

The Nilson Report

JANUARY 15, 2024

The post RevoluPay introduces Visa Direct for Instant P2P Payments Through RevoluSend appeared first on Nilson Report.

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P2P Payments Posting 40

PYMNTS

MARCH 10, 2020

Will this be the year that real-time payments — and, especially, peer-to-peer (P2P) — reach critical mass in the United States? He noted that P2P is the first application of real-time payments to gain traction, and said the arrival of that payments functionality is “long overdue.”. Streamlining the Onboarding Process. Building Trust .

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P2P Real Time Payments Zelle Credit Union 92

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.

Real Time Payments 109

Real Time Payments P2P Payments Embedded Payments 109

Payments Source

JANUARY 7, 2019

The market for cross-border person-to-person (P2P) remittances is massive. It experienced double-digit growth in 2018 as consumers migrated from one country to another in search of better economic opportunities, as well as to escape political and financial upheaval in their home countries.

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Cross-Border P2P Consumer Cross-Border Payments 120

Payments Source

FEBRUARY 27, 2019

P2P transfer apps aren't just for splitting the rent — they can also be portals to a wider array of financial services, as Canada’s national Interac debit network plans to prove.

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P2P Debit Network B2B Payments 103

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. In her role, Burgess will “focus on delivering improved customer experiences and increasing P2P usage across Santander’s expansive footprint to foster an international payment network.”

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P2P Payments PayPal International Payments 90

PYMNTS

MAY 13, 2019

The spotlight burned brighter for peer-to-peer (P2P) payment services in the first quarter of 2019, with those payment methods finding popularity among more consumers. However, P2P’s future growth will depend on solving problems related to data privacy and other issues — at least, according to some observers. P2P Partnerships.

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P2P Zelle Venmo Debit Card 79

Payments Source

FEBRUARY 20, 2019

Digital P2P payments are quickly beginning to displace other payment forms such as cash and checks due to their convenience and growing ubiquity. Consumers are expressing an ever-increasing interest in making digital Person-to-Person payments to friends, families and even businesses for bills, shared expenses or temporary loans.

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P2P Checks Consumer Payments 91

PYMNTS

FEBRUARY 1, 2019

The fourth quarter of 2018 was kind to Venmo and Zelle , the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that pits PayPal , the owner of Venmo, against the banks that operate Zelle. P2P Numbers. A look at the recent Q4 financial figures for P2P tells a mostly positive story.

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Venmo P2P Zelle PayPal 71

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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PYMNTS

JUNE 12, 2020

millennials were early adopters of person-to-person (P2P) payment apps, while Baby Boomers sought out financial institution-based P2P options and older consumers were slow to join in

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P2P Payments Consumer Contactless Payments 65

PYMNTS

SEPTEMBER 24, 2019

Person-to-person (P2P) payments providers are also trying to accelerate their services. PayPal recently announced that it would enable users of its Venmo P2P app to instantly transfer funds to bank accounts over The Clearing House’s Real-Time Payments rail. Meeting Older Generations’ Rising Demands for Mobile P2P.

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P2P Faster Payments Push-to-Card Real Time Payments 98

Payments Source

MARCH 5, 2019

Pan-European payments and transaction services provider equensWorldline has launched its domestic interoperable P2P mobile payment scheme across the continent.

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P2P Interoperability Mobile Payments Payments 99

Payments Source

SEPTEMBER 9, 2019

MoneyGram has partnered with Visa to leverage debit push payments for P2P transfers in the U.S., with plans to eventually expand the service internationally.

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P2P Payments Debit Card Process 76

PYMNTS

JUNE 24, 2020

dollars (USD) through PayPal in addition to other payment methods, the KuCoin cryptocurrency exchange said that USD support has been added to its P2P Fiat Market, according to an announcement. Now, our P2P Fiat Market supports … the 5 mainstream fiat currencies. 1 place at 63.21 percent, per Coinhills data.

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PYMNTS

OCTOBER 16, 2020

COVID-era fraudsters use scams that range from impersonating tax officials to selling fake PPE on P2P payment apps. Peer-to-peer (P2P) payment apps like CashApp , PayPal , Venmo and Zelle are especially popular targets for financial crime, with fraud attacks against these apps increasing by 733 percent since 2016. trillion a year.

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Zelle P2P Scams Financial Crimes 89

Payments Source

FEBRUARY 4, 2021

JoomPay has launched a new P2P service for money transfers across Europe, operating as a socially-focused spinoff of the Joom e-commerce marketplace.

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P2P Payments 67

PYMNTS

DECEMBER 16, 2019

Peer-to-peer (P2P) lending platforms have shuttered in China’s Hebei province as regulators aim to get rid of deception and inefficiency in the sector, South China Morning Post (SCMP) reported on Friday (Dec. Hebei has become the second province in China to outlaw the P2P business after Hunan, which imposed the ban in October.

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P2P Regulations Checks Governance 52

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

Payments Source

APRIL 9, 2019

A Cleveland startup’s play in the crowded and noisy P2P market is to nudge the transaction as close to digital version of paper money as possible — without Venmo’s social tools or Zelle’s email model.

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P2P Transactions Data Security Privacy 79

Bank Automation

JANUARY 26, 2024

Visa extended partnerships and made new connections during its fiscal first quarter as it looked to expand its reach, develop new use cases for its offerings and push its peer-to-peer payments capabilities. “We

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P2P Use Case Payments Acquirers 72

Payments Source

MARCH 22, 2019

The market for P2P payments is finally taking off after years of false starts, but there are still many unanswered questions. The biggest one: How do banks get value out of offering this service free of charge?

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P2P Payments Zelle Venmo 85

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

Payments Source

JUNE 15, 2020

Square has added fuel to its growing Cash transfer service by agreeing to buy Verse, a Spanish P2P app.

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P2P Acquirers Payments 89

The Paypers

FEBRUARY 3, 2022

Esketit has added USDC and USDT stablecoins as a currency, allowing the P2P lending platform to make it possible for investors to invest in loans using cryptocurrency.

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Stablecoins P2P Cryptocurrency 57

The Paypers

OCTOBER 26, 2022

US-based financial technology company Jack Henry has launched a standalone Peer-to-Peer (P2P) payments solution, powered by Payrailz digital payments platform.

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P2P Payment Solutions Payments Digital Payments 36

PYMNTS

DECEMBER 23, 2019

The Reserve Bank of India (RBI), in a move to protect the interests of consumers, has passed a regulation that says the allowable exposure of a lender to all of its borrowers should not go over Rs 50 lakh ($70,000) at any time on a peer-to-peer (P2P) platform, according to a report by Business Insider. “On

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P2P Caps Laws Interoperability 52

PYMNTS

JANUARY 9, 2020

China’s peer-to-peer (P2P) lending market is headed for more turbulence in 2020 as more of its popular platforms face potentially being shut down as the government tightens regulatory reins. The overall number of P2P platforms has decreased dramatically in recent years because of money scandals.

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P2P Shutdown Non-Bank Regulations 52

PYMNTS

MARCH 28, 2019

Visa announced today that it will power real-time P2P for global remittance firm Remitly via its Visa Direct platform. When we look at P2P on the domestic front, for example, what we see is that people want to be able to have the money put right [into] their bank account,” Frew explained. Remitly users in the U.S.

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P2P Cross-Border Push-to-Card Debit Card 87

Payments Source

NOVEMBER 11, 2019

Singapore OCBC Bank will use Google Pay to support P2P transactions starting early in 2020, following a similar path as India, where banks have increasingly embraced Google Pay for transfers.

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P2P Transactions Mobile Payments Payments 65

Payments Source

APRIL 15, 2020

OCBC Bank has integrated Google Pay into its P2P transfer service, thereby expanding its customers’ options for reducing their cash usage during the coronavirus crisis.

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P2P Transactions Payments 73

PYMNTS

MARCH 15, 2019

While person-to-person (P2P) payment solutions and real-time payment platforms are making the quick exchange of funds possible, fraudsters also see an opening to exploit these systems’ vulnerabilities. The rise of real-time payment systems, including P2P platforms, has made certain types of fraud more appealing to cybercriminals.

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P2P Zelle Credit Union Real Time Payments 61

The Paypers

MARCH 17, 2023

US-based payments processing fintech HUMBL has enabled digital wallet peer-to-peer (P2P) and merchant payments across the HUMBL Web3 platform.

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P2P Payments FinTech Process 36

Payments Source

MARCH 12, 2019

Vipps, which launched in Norway in 2015 as a P2P app accessible to all local bank customers, is integrating invoice and bill-payment capabilities through a collaboration with Nets Group, a Nordic payment service provider.

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P2P Payments Service Provider Mobile Payments 68