P-to-P payments

The millennial generation — defined by some as consumers 18 to 36 years old — has shifted the expectations for how banks and retailers approach payments. Here are some of the trends driven by this tech-savvy demographic.

As with anything high-tech, early predictions held that millennial men would be first to adopt mobile wallets. But two new research studies are casting doubt on the assumptions about the roles gender and age are playing in the mobile payments adoption curve.

Singapore’s Oversea-Chinese Banking Corp. (OCBC) will soon expand acceptance of its person-to-person mobile payments app to local merchants.

PayPal has worked to build support from retailers and consumers, positioning it well in the competitive e-commerce game, writes Lauren Freedman, senior vice president of digital strategy at Astound Commerce.

One of the potential benefits is peer-to-peer connectivity, which could spark P-to-P and other types of digital transfers.

Innovators offer speed, but banks retain customer relationships and a vast product range that can add services to payments.

Mastercard is trying very hard to get people to use "Masterpass" as a verb, and there is more to this mindset than promoting the card network's digital wallet.

Apple Inc. may wish to launch a person-to-person money-transfer service to rival Venmo, according to a new report.

Consumers are comfortable with push payments, which makes them a good fit to boost usage of digital wallets and other mobile payment options.

Facebook is enhancing is transaction technology as payments increase in popularity on messaging apps.

Facebook’s WhatsApp, the Mountain View, Calif.-based messaging app with a broad global following, may be preparing to roll out person-to-person payments, beginning with its app in India.

Royal Bank of Canada has long been enthusiastic about payment technology that most other banks usually see as long-term projects.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

Chillr, one of India’s growing number of mobile payment apps enabling person-to-person payments between customers of different banks, is expanding to 45 banks in the country.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

The rapid advancement of social media platforms into the payments and finance markets, as well as millennials' devotion to apps like Venmo, were major factors driving a 47% increase in the U.S. digital person-to-person payments market last year.

Google Wallet may have passed the in-store and in-app payments baton to Android Pay late in 2015, but it has simplified its person-to-person payment capabilities by extending its Gmail integration to Android phones.

Seoul-based Viva Republica, which is seeing brisk growth with Toss, its person-to-person payments app, recently drew $48 million in venture capital funding. The series C funding round was led by Silicon Valley’s Goodwater Capital, along with PayPal, Bessemer Venture Partners, Altos Ventures and Partech Ventures.

Ever since Apple opened its Siri voice assistant to outside developers late last year, payment companies have been experimenting with the potential of voice-controlled payments. Here's a look at what some of the early adopters have already accomplished.

If the megabanks' Zelle person-to-person payment service takes off, it will serve as much as a blueprint for collaboration as it does for digital payments.