Tagged: peer to peer payments

February 3, 2022 @ 4:12 pm By Omar Faridi  |  

Consumers and businesses reportedly sent 1.8 billion payments via the Zelle Network during 2021, an increase of 49% from a year prior, Early Warning Services, LLC, the network operator behind Zelle, confirmed on February 2, 2022. Those payments “totaled $490 billion, up 59%.” Al Ko,… Read More

July 30, 2021 @ 7:45 am By Omar Faridi  |  

Early Warning Services, LLC, the network operator behind Zelle, has shared its Q2 2021 transaction results, which include signed financial institutions representing over 500 million DDA accounts. During Q2 2021, the Zelle Network handled $120 billion on 436 million transactions. YoY sent payment values “increased… Read More

December 18, 2020 @ 7:48 am By Omar Faridi  |  

French mobile payments firm Lydia has extended its Series B investment round, raising an additional $86 million in capital led by Accel. Lydia’s total Series B funding currently stands at €131 million, which reportedly makes it the largest round ever closed by a French Fintech… Read More

November 30, 2020 @ 11:36 am By Samantha Hurst  |  

  Digital payment service Google Pay has recently announced some changes it will be making in 2021. According to 9to5Google, Google Pay is set to discontinue its peer-to-peer payments on its web platform in the new year. “Starting early in 2021, you won’t be able… Read More

April 16, 2020 @ 9:13 pm By Omar Faridi  |  

The Oversea-Chinese Banking Corporation, Limited (OCBC) Bank (SGX: O39), a multinational banking and financial services corporation, has reportedly become the first company to introduce Google Pay’s peer to peer (P2P) money transfer service in Singapore. The new digital payments option makes Singapore only the third… Read More

April 8, 2020 @ 9:38 am By Omar Faridi  |  

Dubai-based Mamo Pay, a Fintech firm established by former Google employees, has secured  $1.5 million in capital, in order to streamline peer to peer (P2P) payments in the United Arab Emirates and wider Middle East region. As reported by Mena Bytes, Mamo Pay’s seed investment… Read More

January 16, 2020 @ 9:05 am By Omar Faridi  |  

Lydia, a France-based mobile payments firm, has acquired €40 million (appr. $44.6 million) in funding via a Series B investment round led by Chinese internet giant Tencent. Open CNP, XAnge and New Alpha also took part in the round. Established in 2013, the Lydia peer-to-peer… Read More

July 13, 2018 @ 7:48 pm By Samantha Hurst  |  

Russian banking group Sberbank announced on Friday it has teamed up with Tinkoff Bank to launch joint peer-to-peer (p2p) payment transfer service that uses mobile phone numbers. According to Sberbank, the new service allows bank card users to transfer money from card to card immediately by using their… Read More

October 17, 2016 @ 3:04 pm By Erin Hobey  |  

The Federal Trade Commission announced the agenda for its upcoming FinTech forum examining peer-to-peer payments and crowdfunding. The forum, which is the second in an ongoing event series, will take place from 1:00 p.m. to 4:30 p.m. on 26 October at the Constitution Center auditorium, located at… Read More