Global Banking News-24 June 2009-CashEdge launches
P2P payments service(C)2009 ENPublishing - http://www.enpublishing.co.uk
Push notifications are available for any payment generated in CO-OP Mobile or Sprig, including processing and delivery tracking of RealPay by CO-OP immediate
P2P payments.
The release of Malauzai's latest platform updates comes on the heels of enhancements made earlier in the year, which included the addition of TouchID,
P2P payments and enhanced text banking.
Here's a look at five competitors Apple faces if it enters the
P2P payments market.
Tech Savvy consumers in the Emirates are increasingly aware of services abroad like
P2P payments, and ApplePAY, and they will be looking for similar utilities.
Still, none of the new methods enjoys the nearly universal acceptance that checks do for making and receiving
P2P payments.
The bills payment and top-ups remained the dominating activity in the quarter under review with 53 per cent share in total numbers, followed by fund transfers and deposits with share of 39 percent and 8 per cent respectively, it said and added that the
P2P payments remained the most popular mechanism with 74pc share in the total funds transfer.
* For
P2P payments, enabling payment to be sent using the recipient's phone number as the identifier, improving the speed and ease of personal payments.
Malaysia has announced that it has launched its Real Time Payments platform to allow customers to conduct instant
P2P payments very easily.
*
P2P payments are growing, but overall usage and consumer adoption of bank-centric P2P is low.
"We're very excited to announce that Wells Fargo customers will soon have access to real-time
P2P payments through our mobile app, which will allow them to securely send and receive money with tens of millions of banking customers across the country, at any time, with immediate funds availability."
P2P payments made online and via mobile devices reached a sales volume of $74.9 billion in 2013, with significant growth forecasted, according to Javelin Research.
