Subscribe
Logo
Logo
  • Topics Icon Topics
    • AI Icon AI
    • Banking Icon Banking
    • Blockchain/DeFi Icon Blockchain/DeFi
    • Embedded Finance Icon Embedded Finance
    • Fraud/Identity Icon Fraud/Identity
    • Investing Icon Investing
    • Lending Icon Lending
    • Payments Icon Payments
    • Regulation Icon Regulation
    • Startups Icon Startups
  • Podcasts Icon Podcasts
  • Products Icon Products
    • Webinars Icon Webinars
    • White Papers Icon White Papers
  • TechWire Icon TechWire
  • Search
  • Subscribe
Reading
UK Challenger Banks Are Rolling Out Location Based P2P Payments
ShareTweet
Home
Europe
UK Challenger Banks Are Rolling Out Location Based P2P Payments

UK Challenger Banks Are Rolling Out Location Based P2P Payments

Peter Renton·
EuropeFintechNews Roundup
·May. 11, 2018·1 min read

In the UK Revolut has rolled out a peer to peer payments feature called “Near Me” which lets their users send money to each other without knowing their contact details. Monzo has rolled out a similar capability called “Nearby Friends”. These challenger banks see this as a feature to increase app usage. No such capability exists for US consumers despite the popularity of P2P payments services like Venmo and Zelle. Source.

  • Peter Renton
    Peter Renton

    Peter Renton cofounded Fintech Nexus as the world’s largest digital media company focused on fintech before it was acquired by Command. Peter has been writing about fintech since 2010 and he is the author and creator of the Fintech One-on-One Podcast, the first and longest-running fintech interview series.

    View all posts
Tags
challenger banksp2p paymentsUK
Related

Study reveals half of Brits are now more wary of online banking, with online fraud a key concern

money exchange

Preserving the Singleness of Money as Stablecoins Enter the Economy

transaction

The VRP Key to Open Banking

gig economy

Gig Economy Loan Approvals Could Lie in Income Probability

Popular Posts

Today:

  • Matt Brown“No Bad Ideas, Just Bad Timing” — Matrix Partner Matt Brown on Fintech’s Next Decade of Runway Jun. 11, 2026
  • FNMerge CEO on building the pipes behind AI, and starting with zero code May. 21, 2026
  • Fintech Nexus HeaderFintech CEOs Ride into the Sunset Aug. 26, 2025
  • Copy of Fintech Nexus – Newsletter CreativeWhy PDF Table Extraction Fails in Production—and What Banks Need to Do About It Feb. 5, 2026
  • Multiply CEO MichaelMultiply Mortgage CEO on AI’s move into housing finance Nov. 6, 2025
  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026
  • What is Really Going on With Private CreditWhat is Really Going on With Private Credit Apr. 30, 2026
  • HumanX_recapHumanX: Between Prophecy and Procurement Apr. 9, 2026
  • peter2The Flipping Point: Why Fintech Meetup 2026 Marked the End of AI Hype Apr. 6, 2026
  • NumosFunded: Numos raises $4.25M to make AI accountable to finance teams Apr. 3, 2026

This month:

  • FNInside Parafin’s Push to Close Small Business Finance’s $2 Trillion Gap Jun. 4, 2026
  • Matt Brown“No Bad Ideas, Just Bad Timing” — Matrix Partner Matt Brown on Fintech’s Next Decade of Runway Jun. 11, 2026
  • FNMerge CEO on building the pipes behind AI, and starting with zero code May. 21, 2026
  • Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What?Private Fintech Has Quietly Become Bigger Than Public Fintech. Now What? May. 28, 2026
  • Stephanie Sher, Founder, Integral VenturesIntegral Ventures’ Stephanie Sher is all about seeing diamonds in the rough May. 14, 2026
  • Chris Taylor Fractional AIFractional AI’s CEO Chris Taylor on Scaling the Unscalable Jul. 23, 2025
  • FNThe Bank Charter Gold Rush: What’s Really Happening and What it Means for Banking Feb. 12, 2026
  • MomentFunded: Moment raises $36M Series B to automate fixed income for financial institutions Jul. 18, 2025
  • Santiago SuarezInside Addi’s mission to build a fairer financial system in Colombia Feb. 19, 2026
  • What is Really Going on With Private CreditWhat is Really Going on With Private Credit Apr. 30, 2026

More News
  • About
  • Contact
  • Disclaimer
  • Privacy Policy
  • Terms
Subscribe
Copyright © 2026 Fintech Nexus
  • Topics
    • AI
    • Banking
    • Blockchain/DeFi
    • Embedded Finance
    • Fraud/Identity
    • Investing
    • Lending
    • Payments
    • Regulation
    • Startups
  • Podcasts
  • Products
    • Webinars
    • White Papers
  • TechWire
  • Contact Us
Start typing to see results or hit ESC to close
lis digital banking USA Lending Club UK
See all results