Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of 2017, the European Central Bank (ECB) has revealed... More
Peer-to-peer payments
Apple patent reveals plans to add Siri to iMessage for P2P payments
Apple is investigating the possibility of adding the functionality of its Siri virtual assistant to its iMessage service that would enable iPhone users to perform P2P payment transactions, a recent patent published by the US Patent and Trademark Office reveals... More
Finland to get multi-bank P2P mobile payments platform
Finnish consumers will be able to make P2P mobile payments using a mobile phone number from March 2017 through Siirto, a new platform unveiled by ATM operator Automatia — a company owned by three of the country’s banks including OP Bank Group, Nordea Bank and Danske Bank... More
Seqr launches P2P payments in 14 European countries
Swedish mobile payments specialist Seamless’ Seqr mobile payment platform has launched a P2P money transfer service that enables users to instantly transfer money to each other “regardless of where they are in the world”, the company says... More
Citi launches global API Developer Hub
Citi has launched a global API Developer Hub to give developers access to APIs across eight usage categories including account management, peer-to-peer payments, money transfer to institutions, Citi rewards, investment purchases and account authorisation... More
US consumers’ use of in-store mobile payments set to soar
The value of mobile payment transactions made in the US is expected to rise 183.3% this year to US$27.67bn, more than doubling next year and reaching US$314.13bn by the year 2020, research released by eMarketer reveals... More
Google Wallet unveils payments app for web browsers
Google has unveiled a new Google Wallet web app that will allow users to send money to friends and family through a web browser... More
P2P mobile payments platform Paym reports 5.8m transactions
More than £300m (US$364m) has now been processed through peer-to-peer mobile payments platform Paym since its launch in April 2014, accounting for more than 5.8m transactions... More
French electronic wallets merge to create ‘universal mobile payment solution’
French bank BNP Paribas and supermarket giant Carrefour are to merge their Wa... More
Nordea Bank ditches Swipp for MobilePay partnership
Nordea Bank Denmark is ending its support for Swipp, the mobile payment joint venture it formed alongside other Danish banks in 2014, by deciding to “join a partnership” to develop Danske Bank’s MobilePay platform... More
Mobile-only bank goes live in Germany
Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions. More
Capital One joins ClearXChange
Customers of Capital One in the US can now make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange... More
ING and KBC to combine mobile payments and loyalty in Belgium
ING and Belgian bank KBC are to launch a mobile payment and loyalty platform in Belgium that will combine ING’s Payconiq mobile payment app with loyalty platforms Qustomer and CityLife in a single service. More
Singapore banks to allow transfers with social media IDs
Banks in Singapore are working on a service that would let consumers make payments using their Facebook ID or Twitter username... More
Jiffy signs up more than 350,000 users
More than 350,000 Italians have now registered to use Jiffy, the P2P payment service launched by payment processor SIA in October 2014... More
Wells Fargo joins ClearXChange
Customers of Wells Fargo in the US will soon be able to make real-time P2P transactions through Early Warning’s bank-led digital payments network ClearXChange... More
Jiffy payments launches in-store in Milan and Bergamo
Italian consumers are now piloting in-store mobile payments using Jiffy, the person-to-person (P2P) payment service launched by payment processor SIA in October 2014. The service makes use of QR codes at the point of sale. More
More US consumers open to mobile payments
Two out of five US consumers (40%) have or would use in-store mobile payments, up from 34% in 2015, research from Bank of America reveals... More
MintChip launches for in-store and P2P payments in Canada
Canadians can now use the MintChip virtual currency to send and receive money through a P2P mobile app and make payments at participating merchants in Toronto’s Liberty Village neighbourhood by scanning a barcode... More
Thai banks to launch P2P payments with PromptPay
Fifteen commercial banks and four specialised financial institutions in Thailand are to begin registration for PromptPay, a mobile P2P service developed by Bank of Thailand (BOT) and the Thai Bankers’ Association... More