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
Read more in: Fintech | Tagged acquisition, mobile app, p2p payments, spain, square, verse
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
Read more in: Fintech, Global | Tagged cashback, current accounts, digital banking, europe, london, omg, p2p payments, uk, united kingdom
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
Read more in: Asia, Fintech | Tagged ching wei hong, digital payments, funds transfer service, google, google pay, money transfer service, ocbc bank, online payments, p2p payments, paynow, peer to peer payments, singapore
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
Read more in: Fintech, Global | Tagged asma alyamani, dubai, imad gharazeddine, mamo pay, mena, middle east, mohammad el saadi, p2p payments, payments app, peer to peer payments, uae, united arab emirates, zero fee payments
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
Read more in: Fintech, General News | Tagged bank of america, early winning service, jamie armistead, jpmorgan, online banking, p2p payments, united states, us, zelle
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
Read more in: Fintech | Tagged debit card, mobile app, p2p payments, paypal, venmo
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