Topic: Banking

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    Major US Banks to Launch Zelle, a P2P Payments App (Sep 8, 2017)

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    TransferWise launches international money transfers via Facebook – Reuters (Feb 21, 2017)

    This is a fascinating confluence of a couple of different things – mobile money transfers and Facebook’s bot strategy. Facebook already offers money transfers directly through Messenger, but only in the US, while it began pushing bots in Messenger early last year without much success. It appears TransferWise, a young but successful European money transfer provider, is leveraging the bot platform in Messenger to enable mobile money transfers between multiple additional countries. As far as I can tell, the bot side of things is incidental – this is really about leveraging the network that exists on Messenger for painless payments, and a bot happens to be the mechanism. In that sense, it’s very similar to the iMessage integrations for payment providers Apple offers in iOS 10 – this is mostly about adding a financial layer to existing interactions.

    via Reuters