Payments News

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FinTech Startup Chipper Cash Launches Its Free App in SA

“Yesterday, Chipper, one of the fastest growing African fintech start-ups that facilitates free peer-to-peer (P2P) money transfers and instant cross-border payments in Africa, officially launched Chipper Cash to offer domestic P2P money transfers in South Africa. Chipper Cash will enable South Africans to enjoy free unlimited instant domestic money transfers, invest in cryptocurrencies, and buy […]
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Zelle Didn’t Need Bells and Whistles to Deliver a Strong Q2—here’s Its Core Advantage

“Bank-operated peer-to-peer (P2P) payments network Zelle processed 436 million transactions worth $120 billion in Q2 . The number of transactions processed increased 58% year over year (YoY), and payment value rose 68% YoY. Compared with Q2 2019, Zelle’s transaction volume surged 155%, and its payment values exploded 172%—reflecting just how rapidly digital payments grew during the pandemic. The company also highlighted small businesses as a key growth […]
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Venmo Curbs Visibility on Payments So Strangers Can’t See Them

“Venmo is ditching its global social feed, making it so users can no longer see payments between people they don’t know. The app, owned by PayPal Holdings Inc. , will continue to allow users to see transactions among their friends, according to a blog post Tuesday. The move comes after Venmo has seen its customer […]
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Complaints Against Mobile Payment Apps Like Zelle, Venmo Surge 300% As Consumers Fall Victim to More Money Scams

“Complaints against some digital payment services and apps like Venmo , Cash App or Zelle are skyrocketing, according to a troubling new report.   Nonprofit U.S. Public Interest Research Group [PIRG] says top issues include scams, trouble using accounts and poor customer service. The group analyzed more than 9,200 complaints filed with the Consumer Financial […]
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Can Facebook’s New Payment Method Compete With Venmo and Zelle?

“The rollout of Facebook’s QR code-based payment service turns its Messenger platform into an open payment network, but may struggle to pull users away from popular alternatives like Venmo and Zelle. Unlike previous iterations of Messenger payments, the new system does not require users to be connected on its social network. Instead, it creates a […]
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Biden Tax Plan Leans on Banks to Help Find Unreported Income

“Part of the funding for President Biden’s $1.8 trillion American Families Plan hinges on a beefed-up reporting requirement for banks designed to identify unreported income. The proposal would require banks to report annual account inflows and outflows to the Internal Revenue Service. The requirement would also extend to peer-to-peer payment services such as Venmo but […]
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Eftpos Launches Peer-to-peer Real-time Payment Service on Beem It | ZDNet

“Eftpos has launched a digital payments capability to facilitate peer-to-peer (P2P) real-time transactions. The service is a deposit and withdrawal messaging capability so users can make payments from their accounts using Eftpos between Australian debit cardholders “in seconds”. The payment service has initially been launched on payment app Beem It , which it bought in […]

On The Wires

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Payveris’ New Real-Time Money Movement Solution Optimizes P2P Services to Meet Growing Consumer Demand

“Payveris, the fastest-growing money movement provider in fintech, announced today that its MoveMoney Platform now delivers a real-time P2P solution that rivals Zelle, Venmo, PayPal, and Cash App.  The new service enables financial institutions’ customers to instantly send money to anyone with a U.S. bank or credit union account using the recipient’s mobile phone number […]
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Apiture Partners With Zelle(R) to Empower Banks With Best-In-Class Payments Solution

“Apiture , a leading cloud-native provider of digital banking solutions, today announced a partnership with Zelle®, a peer-to-peer (P2P) payments service, to provide financial institutions with a best-in-class, high-speed payments solution…The partnership between Apiture and Zelle® enables a streamlined and enhanced experience for Apiture customers. Apiture Xpress is an established platform that has been serving […]