PYMNTS-MonitorEdge-May-2024

P2P

Peer-to-peer (P2P) computing or networking is a distributed application architecture that partitions tasks or workloads between peers. Peers are equally privileged, equipotent participants in the application. They are said to form a peer-to-peer network of nodes.

Source: en.wikipedia.org

China’s P2P Crackdown Nets 62 Arrests, $1.5B Seized
China’s P2P Crackdown Nets 62 Arrests, $1.5B Seized
February 18, 2019  |  Security & Fraud

China’s Operation Fox Hunt has led to the arrest of 62 Chinese nationals abroad and the seizure of 10 billion yuan ($1.5 billion) in assets from...

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Deposit Solutions Brings Savedo To Switzerland; Mall Retailers Take WeChat Pay
Deposit Solutions Brings Savedo To Switzerland; Mall Retailers Take WeChat Pay
February 06, 2019  |  Global Payments

Welcome to The Axis, your late look at payments news from around the world. Coverage includes Deposit Solutions’ rollout of business-to-consumer (B2C) open banking channel...

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Venmo And Zelle’s P2P Battle Royale
Venmo And Zelle’s P2P Battle Royale
February 01, 2019  |  Digital Payments

The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market...

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Lydia Enables Shared Sub-Accounts With Virtual Cards
Lydia Enables Shared Sub-Accounts With Virtual Cards
January 25, 2019  |  Mobile Applications

To help friends and roommates manage money, the French startup Lydia is letting users of its payment app share sub-accounts. They can also make a virtual...

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Zelle Processes $35B In Q4 Payments
Zelle Processes $35B In Q4 Payments
January 24, 2019  |  Earnings

Zelle, traditional banks’ answer to Venmo and Paypal, continues to grow in usage, not only with customers but with banking institutions as well, according to...

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Indian eCommerce Used Car Marketplace Raises $14M
Indian eCommerce Used Car Marketplace Raises $14M
January 23, 2019  |  Investments

Truebil, an online marketplace to buy and sell second-hand cars, has raised $14 million in a Series B round led by Japanese investor Joe Hirao,...

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What Do Antilock Brakes And Instant Payments Have In Common?
What Do Antilock Brakes And Instant Payments Have In Common?
January 21, 2019  |  Faster Payments

“Can we all just agree that real-time access to money isn’t going to be an option anymore?” said Ingo Money CEO Drew Edwards. That’s how Friday’s...

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Amid China’s FinTechs, Small Caps, Short Sales, Big Gains
Amid China’s FinTechs, Small Caps, Short Sales, Big Gains
January 18, 2019  |  Investments

For short sellers – those who bet that stocks will fall rather than rise – amid Chinese FinTechs, this week has led to big gains....

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Sizzle Of The Week: Zelle’s Accelerating Growth
Sizzle Of The Week: Zelle’s Accelerating Growth
January 18, 2019  |  Sizzle/Fizzle

Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank...

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