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BNP Paribas has announced it is set to compete against other money transfer services such as PayPal, Venmo, and Lydia by deploying its new mobile P2P payment service, Paylib.  Other members of the Paylib consortium, which includes Societe Generale, La Banque Postal, and Credit Agricole will progressively introduce the service over the summer months. The new service notably allows individuals to [...]

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Three of Australia’s largest banks, The Commonwealth Bank(CBA), National Australia Bank (NAB) and Westpac have partnered to create a new mobile P2P payments platform, named Beem. In the wake of their battle with Apple Beem is an apparent bid to compete with new companies entering the finance sector. Beem is designed to allow customers to have a digital wallet [...]

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Zelle, the bank-based mobile P2P offering operated by Early Warning says more than 4 million people have enrolled in the mobile based payment network backed by many of the US’s largest banks, since its launch in June. That is according to Melissa Lowry, a vice president at Early Warning Services, the bank-owned company that runs Zelle. [...]

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Two of the US’s biggest banks, US Bank and Bank of America are to offer real-time, mobile P2P money transfers to consumer mobile phones over the clearXchange network. ClearXchange, operated by the bank-backed Early Warning consortium, acts as a clearing house for person- to-person online payments transfer, enabling customers to send funds directly from their bank [...]

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