In a long-awaited move, Facebook revealed a peer-to-peer payments feature on Tuesday that will allow users to send money to one another through the company’s standalone app.

Chinese smartphone maker Xiaomi is moving into financial services with an interest-earning mobile wallet.

Japanese e-commerce company Rakuten will now accept bitcoin payments on a number of its marketplaces, putting its acquisition of Bitnet into action.

MasterCard has appointed MasterCard Canada president Betty DeVita as chief commercial officer of MasterCard Labs, the company’s global research and development arm focused on payment innovations.

Transport for London says that its contactless card payment system is proving a huge success – but that many customers are embracing smartphone payments as the next step of the initiative.