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M-Pesa revenues surge
Safaricom has reported a 24% jump in M-Pesa revenues to KES19.4 billion ($190 million) in H1 2015, as its active user base reached 15.7 million. Interestingly, the operator also revealed a breakdown of its monthly mobile money traffic. Of the KES160.2 billion of real-time payments it carries per month, the biggest chunk of KES107.4 billion [...]
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American Express invests in first P2P Bitcoin venture
Last week, P2P Bitcoin company Abra, announced that it will soon be available to all registered users in the US and Philippines and will also now offer services enabling merchants to accept digital cash from consumers using its app. Additionally, it added strategic investments to its $12 million Series A round, announced in September, from American [...]
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Call for participation – EPC workshop dedicated to P2P mobile payments
The European Payments Council (EPC) has announced that it is hosting a stakeholders workshop focused on Person-to-Person (P2P) mobile payments on 10 December. Payment stakeholders (such as payment service providers, technical solution providers, and also end-user representatives) wishing to participate are encouraged to register their interest. This event aims to facilitate the cooperation of existing and [...]
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Apple files P2P patent
Apple Pay is missing an essential feature that it needs to stop people using other mobile payments apps: P2P. But, according to media reports, it looks like Apple is planning to change that. The company just filed a new patent that will let people send money to one another directly from their iPhone’s Wallet, which has replaced [...]
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What’s driving the renewed interest in P2P?
Electronic person-to-person (P2P) payments have been on a roller coaster of interest over the last decade. PayPal launched the first successful, widespread service in the late 1990s and has enjoyed a dominant position ever since. Various players tried to attack PayPal by building “mobile-first” P2P solutions in the 2000s, but none succeeded in gaining traction. [...]
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