Peer-to-Peer/P2P


The rise of P2P FX

P2P initiatives aimed at helping corporates transact more efficiently will continue to gain traction.

Visa and PayPal’s new deal

While the US service is powered via a partnership with JPMorgan Chase, PayPal’s Instant Transfer in Canada is powered by Visa’s push payments system, Visa Direct.

What does the new iPhone X mean for mobile banking?

Mobile banking is nothing without mobiles, and as Apple leads the way in innovation it provides opportunities for banks to do things differently too. So, with the launch of the iPhone X, what is next for mobile banking in a world that can’t get enough of phone upgrades?

Nets Takes Real-Time P2P to Mobile Wallet Vipps

Nordic payments processor Nets has entered into a 3-year partnership with Vipps, a mobile payment application provider in Norway, to deliver instant P2P payments to customers of all Norwegian banks partnered with Vipps.

PayPal Doubles Down on P2P with Skype

PayPal is on a tear in terms of taking on new partners and is looking to significantly boost its P2P payments volume, which grew 103 percent in the second quarter, reaching $8 billion in Venmo transactions. The company announced in a blog post on Aug. 2 that any of the more than 1 billion people who’ve downloaded the Skype mobile app will be able use it to send money across borders.

PFS deal to provide Moneymailme users with prepaid cards

Users of Moneymailme will have the option of using physical and virtual prepaid cards to make purchases with the funds in their e-wallets. The new feature, announced June 28 at the Money 20/20 Europe conference, is the result of a partnership between the London-based social money transfer provider Moneymailme and Prepaid Financial Services, a U.K.-based payments technology provider.

P2P Is Gaining Steam, but Security Concerns Remain

Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills—but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet. It also found that that while only 35 percent of U.S. consumers use such P2P products as Venmo, PayPal and Square Cash, 63 percent are interested in the payment technology.