South African Bank Enables P2P “Geo-Payments” That Don’t Require Account Data

What's Next In Payments®
7:44 PM EDT May 10th, 2012

Customers at First National Bank in South Africa can use their FNB mobile app to transfer money to nearby people without inputting the money recipient’s bank account information, Finextra reports.

Non-FNB customers can download FNB’s app and receive money through the GeoPayments feature, the report says, although they cannot send money.

Read the full story here.

Comments
Also by This Author
What's Hot
News
Square Launches Register App Platform
News
Etsy Debuts mPOS Solution
Merchant Innovation
Ron Johnson’s New Company To Focus On Shopper Decisions
B2B Payments
WEX and Sinclair Oil Strike Long Term Contract
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
Merchant Innovation
Apple Pay Launch Week By The Numbers: 46B, 58M and 1
B2B Payments
Tungsten Spent $6.5 Million for DocuSphere
Company Spotlight
Inside the Future of Commerce, Post Apple Pay
Alternative Financial Services
Death Threats, Fraudsters and Lawsuits
View All Articles ››