49 articles tagged with this keyword
News/Dis-intermediation
UK peer-to-peer lender Zopa is reporting a surge in consumer interest as traditional banks continue to tighten credit lines and milk the spreads on interest-bearing loans.
09 March 2011
Social network facebook is taking its virtual currency to the streets of South East Asia through a partnership with Internet payment group MOL Global.
09 July 2010
Financial messaging network Swift is gaining traction among US corporate treasuries according to a survey conducted by Financial Insights, in a move that presages a subtle shift in the balance of power between banks and their corporate clients.
08 July 2009
San Francisco-based online mobile payments start-up Boku has raised $13 million in venture funding and acquired micropayments outfit Paymo and m-payments firm Mobillcash.
16 June 2009
Wonga.com, an online provider of short-term cash advances launched last year, has completed a new round of funding led by Accel Partners and Greylock Partners. The $22.25m round was also supported by existing investor Balderton Capital.
08 June 2009
Social networking site Facebook has begun testing its much-anticipated virtual currency payments system with third party application GroupCard.
01 June 2009
Belgian telco Belgacom is taking a stake of 40% in Tunz, a specialist in mobile payments, as it looks to develop services for mobile micro-payments.
18 March 2009
Fynanz, a US person-to-person social lending Web site aimed at college students, is to stop accepting new loans due to tough "market conditions" and will now focus on offering its platform to financial institutions.
12 January 2009
Kenyan finance minister John Michuki has ordered an audit of Safaricom's mobile money transfer service M-Pesa, in an effort to allay concerns about the safety of users' money.
11 December 2008
Person-to-person online payments outfit PayPal has launched localised sites in Mexico, Hong Kong and Singapore, enabling customers to conduct transactions in their local currencies.
20 November 2008
Online money management start-up Wesabe is moving into the UK market through a Web partnership with broadsheet newspaper The Daily Telegraph.
11 November 2008
Consumers shopping online are increasingly turning away from traditional financial institution-controlled credit and debit cards to embrace cash-based alternative payment options, according to an analysis by US-based Javelin Strategy & Research.
A new peer-to-peer (P2P) lending platform called Loanio has launched in the US which is aimed at customers with poor credit records, such as sub-prime borrowers.
02 October 2008
Social banking platforms - such as peer-to-peer (P2P) lending networks like Zopa and Prosper - will grow to control 10% of the worldwide market for retail lending and financial planning by 2010, according to research by consultancy Gartner.
06 February 2008
Canadian peer-to-peer loan start-up CommunityLend has secured $2.5 million in funding and rounded out its management team in advance of a live launch slated for Q1 2008.
20 December 2007
PayPal has released Mobile Checkout - which enables customers to pay for purchases using Web-enabled phones - to account holders in Australia.
23 November 2007
The growth of Web 2.0-based peer-to-peer social lending services is continuing with the launch of new facilities in Australia and New Zealand.
31 October 2007
P2P loan network Lending Club is expanding beyond its original Facebook member base to connect lenders and borrowers over the public Internet via a new Website, LendingClub.com.
14 September 2007
Verizon, the number two US wireless carrier, is to offer consumers the opportunity to make purchases and conduct person-to-person funds transfers via their mobile phones using technology from privately-held Obopay.
21 June 2007
California-based start-up Sparter has released a beta exchange platform designed to enable global 'Gamer2Gamer' (G2G) trading of virtual currencies.
18 June 2007
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