The biggest investment banks including Goldman Sachs and Citi have stopped taking Chinese p2p lenders public as a result of...
PayTile, an 'airdrop for cash' geolocation-based payments system partnered with Cross River to enable users to send p2p privately.
All P2P lenders will now be known as non-banking financial companies (NBFC-P2P); all p2p lenders will also have to receive a certificate of registration; companies will go through a 12 month period before getting final approval; under the rules a p2p firm can’t raise deposits or lend on its own; other details of the guidelines including loan caps for borrowers are outlined in the article. Source
A new article from global payments processing company DECTA describes the vast opportunities available in contactless payments, along with some of the security challenges which must be addressed.