Peer-to-peer payments stories

Bolt Group snaps up Beem app from Australian Payments Plus as the operator refocuses on payments infrastructure and identity rails.

Venmo now lets users send USD $ transfers directly to PayPal accounts in 90 markets, creating a global person-to-person payments link.

Mastercard to acquire stablecoin platform BVNK in a deal worth up to USD $1.8 billion, deepening its push into on-chain payments.

Kraken has launched its Krak app, a global money management platform for crypto and fiat assets, with a phased rollout planned for Australia soon.

Banked has acquired UK app VibePay to boost Pay by Bank with new incentives, expanding presence in UK, US, Australia, and accelerating global adoption.

Pegasystems has launched enhanced generative AI and automation tools in Pega Smart Dispute to help banks manage rising payment dispute volumes efficiently.

Capgemini Research predicts instant payments will hit 22% of non-cash transactions by 2028, driven by digital wallets, P2P and eCommerce growth.

X Business is not just an app anymore, evolving to become the 'everything app' that blends experiences on a user-friendly interface, with 2024 set to bring its vision to life.

While mobile and digital payments are on the rise, the majority of consumers still have concerns with adoption of the technology.