Tagged: p2p payments

Square Announces Acquisition of Spanish P2P Payments App Verse

Payments platform Square announced on Monday it has acquired Spain-based P2P payments app, Verse. Founded in 2015, Verse describes itself as a mobile app that allows users to share payments easily, instantly, and with no hidden fees. “Not only can you pay and receive money… Read More

UK Fintech OMG Launches P2P Payments, Aims to Offer Digital Banking that will Provide Monetary Benefits for Everyday Spending

UK-based Fintech firm OMG officially launched its platform on June 10, 2020. The company noted via Twitter: “We are a Fintech startup looking to provide our customers with day-to-day current accounts that will give instant cashback discounts for up to 50% of the purchase price.”… Read More

Digital Payments: OCBC Bank Introduces Google Pay’s Peer to Peer Money Transfer Service in Singapore

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

Dubai-based Fintech Mamo Pay Secures $1.5 Million in Funding to Launch Peer to Peer Payments App

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

Peer to Peer Payments Platform Zelle Handled $187 Billion in Payments via 743 Million Transactions in 2019: Report

Zelle, a peer-to-peer (P2P) payment platform, reportedly handled $187 billion worth of payments via 743 million transactions last year. This, according to the latest figures published by network operator Early Warning Services. Zelle’s year-over-year payment values have increased by approximately 57%, meanwhile, transaction volume surged… Read More

PayPal’s P2P Payments App Venmo Debuts Debit Card

PayPal’s P2P payments app Venmo announced on Monday the launch of its Venmo debit card. According to Venmo the new debit card will allow users to spend their Venmo balance in more places because the card can be used everywhere Mastercard is accepted in the U.S…. Read More

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