Square buying Evenly, Braintree buying Venmo, Google launching p2p for gmail users via Google Wallet service & #Paypal, #Amazon Payments were always in the game. So 2013 can also be called a year of #for payments industry.

Square + Social = Evenly (P2p)

Does this mean that the speed & cost of sending & receiving money has been improved. Surely, services like Western Union & Moneygram might be feeling the heat for domestic remittance business. Yes, Xoom, Western Union, Moneygram are still in international remittance & they know it is gaining tough competition too. Not ignoring the fact that #FISERV platform #popmoney & ClearXchange are still struggling to gain traction from the bank-led model.

Customers of Evenly will have good time to remove their money from the platform. Square acquiring is Evenly seems to be more like acqui-hire since they plan to shutdown the platform.

2014 would be the year to watch how the p2p will perform and what will be the market segment distribution for all these services.

Lets wait and watch.