p2p mobile payments RSS
Digital payments in Europe to hit $802 billion in 2020
I am sure that the entire payments community is looking for some good news! So here we go, the increasing number of mobile phone users and the massive growth of... more
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Zelle reports 84% increase in P2P mobile payments
Bank of America, through its P2P mobile payments platform Zelle, says it processed nearly 68 million Zelle transactions in 2017, an 84% increase from the previous year. In Q4 2017, Bank of America handled more than 23 million Zelle transactions, totalling nearly $7 billion, up 91% from Q4 2016. Bank of America is one of [...]
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Global P2P mobile payments value set to grow by 40% in 2017
The value of global P2P mobile payments is set to increase 40% to $540 billion by end-2017, Juniper Research forecast. Growth in the segment is predicted alongside a trend of increasing popularity of digital payment methods. The UK-based analyst company predicted the value of digital payments across the world would reach $3.9 trillion in 2017, an increase [...]
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PayPal sets sight on progressing mobile payments business
PayPal reported third quarter earnings last week with an 18% increase in revenue at $2.67 billion, when analysts were expecting $2.65 billion. However, it is reported that some investors were disappointed to see that PayPal missed its total payment volume, a metric of total transactions on its platforms. The company brought in $87 billion in [...]
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JETCO roll out P2P mobile payments in Hong Kong
JETCO, a bank consortium chartered to develop innovative and secure financial technology services for over 30 member banks in Hong Kong and Macau is set to roll out P2P mobile payments. JETCO runs on its existing inter-bank network will integrate with a mobile application, providing strong authentication, data encryption and advanced protection against malware attacks. As a [...]
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