Facebook has informed users of its P2P Messenger money transfer option in the U.K. and France that the service will no longer be available as of June 15.

Machine-to-machine payments and AI are paving the way for dynamic and rapidly adapting ecosystems, and it’s an exciting time to be in the payments industry. However, with all the transformation, financial institutions and regulators should be aware of the latest developments to adequately shift their strategies, writes Martin Amend, a senior consultant at Capco.

Singapore-based OCBC Bank and Rapyd have formed a partnership that will leverage Singapore’s local P2P service plus Rapyd’s Checkout solution to power instant payments for local e-commerce purchases.

Physical keys are still an important part of securing IoT payment systems, writes Pip Courcoux, sales and product manager for CLIQ Systems at Abloy UK.

Hong Kong's DBS Bank is integrating into the country's new Faster Payments System to allow small businesses to accept QR code instant payments.

Uber is a lot more than a ride-sharing app — it is also one of the most disruptive forces in payments.

Facebook Inc. nominated Peggy Alford, an executive at PayPal Holdings Inc., to its board while longtime directors Netflix Inc. Chief Executive Officer Reed Hastings and Erskine Bowles, a former chief of staff to President Bill Clinton, will step down.

Payment preferences significantly vary from region to region, making the need to cater to local payment methods crucial, according to Steve Villegas, vice president of partner management at PPRO.

PayU is expanding its umbrella of payment companies in developing markets in a $70 million deal to buy Wibmo, a Cupertino, Calif.-based digital payments company that integrates with banks in 20 countries for payment authentication and security.

As Gen Z and the generations that succeed them begin to use financial services, digital capabilities become a must-have rather than a nice-to-have. By planning now, irrelevance in the near future can be avoided, writes John Mitchell, CEO of Episode Six.

Mastercard and MercadoPago, the payments arm of Latin American e-marketplace MercadoLibre, see opportunities for contactless prepaid cards among unbanked consumers even though local issuers have been slow to adopt the format.

Social media commerce platform provider Jumper.ai is helping Amazon merchants complete online transactions without the buyer being redirected to the Amazon online marketplace.

Alipay Financial Services’ Hong Kong unit is collaborating with McDonald’s, enabling consumers to order and pay for items at the fast-food chain within the AlipayHK wallet.

Over time, Pinterest has built a powerful e-commerce and payments engine underneath its social network site. This enables any Pinterest post to double as a portal for commerce — one that is especially powerful on mobile.

Amazon Go is caving to rising pressure from cities and states banning cashless stores and planning to introduce cash-acceptance to a model whose entire premise was about eliminating the friction of checkout with a seamless, card-based checkout.

Contactless transit fare systems are drawing lots of investment despite several false starts in the U.S. But new numbers out of London show there are clear and multiple benefits if the infrastructure can catch up.

Cash is expensive, overseas cards may be illegal and cryptocurrency is unreliable, argues David Ehrlich, COO and co-founder of Zodaka, who says e-wallets are an answer.

A Cleveland startup’s play in the crowded and noisy P2P market is to nudge the transaction as close to digital version of paper money as possible — without Venmo’s social tools or Zelle’s email model.

Cryptocurrencies will come and go but blockchain will flourish, because it has game-changing use cases that will fundamentally improve the way financial transactions get done, according to Vinay Pai, senior vice president of engineering at Bill.com.

Traditional U.S. retail is in crisis at the hands of e-commerce. Bankers have a role to play to stop the bleeding through a combination of service, incentives, and payments technology.