Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web:

An 800 million addressable market: Standard Chartered is linking its cash management service to WeChat's online payments gateway, giving its merchant clients access to 800 million consumers in China. Finextra reports the connection with WeChat Pay will help Standard Chartered's Chinese merchant clients reach an expansive e-commerce and alternative payments market. The connection will also allow merchants to customize online checkout and secure transaction data. Affiliated with Tencent Holdings, WeChat is one of China's most popular social media platforms, and as also served as a point of entry to the Chinese market for Starbucks.

Truly P-to-P apps: Peer transfers from ventures such as Zelle are often regarded as a stepping stone to other types of financial services because the payments are frequent and habit forming. A blockchain project called Fermat plans to take the peer-to-peer concept much farther, building customized applications for the "Internet of People." Much like the "Internet of Things," the "Internet of People" is broadly defined but generally is techspeak for the migration of the internet away from computer screens and closer to everyday devices. In the case of Fermat, the idea is to enable direct device to device communication, independent of any entity or web server. Data will be stored on end user devices and applications will be built to interact with each other directly. According to an email to PaymentsSource, Fermat has successfully built and implemented an IoP token blockchain, and distributed software and IoP wallets, potentially enabling a variety of use cases where mobile devices or wearables could run distinct apps that are personalized for the user. These apps can support payments with other functions that would in theory be easier to access or use than apps built for a wide audience.

A new link for Ripple: Ripple's open source digital currency asset, XRP, will get added exposure from a link to virtual currency processor BitGo, according to BadBlueMoney. BitGo process more than $1 billion in digital currency payments each month, and under the collaboration will provide security, treasury management and other support for XRP. XRP will also directly integrate into the BitGo platform later this year. In addition to virtual currency trading, Ripple has become a major provider of blockchain support for companies looking to remove overhead from more traditional cross-border transactions.

Bank transfers advance in Kenya: In financial circles, Kenya is perhaps best known as an early and fertile environment for Safaricom's mobile money service, which successfully built a financial services market in the largely unbanked country. Since then, the country's financial services industry has expanded to the point where it's lured more traditional payment brands such as Visa. The Kenya Bankers Association is taking the market one step further, hiring Tieto to build a banking switch to power East Africa's first interbank transaction platform. The first product, expected to launch in a few weeks, will be a P-to-P transaction service that will enable real-time payments at all times.

From the Web (powered by Wiser)

Walmart refocuses on omnichannel
Business Insider
Walmart announced several initiatives this week aimed at boosting its omnichannel presence. Included in the company’s plans are efforts to smooth out its in-store...

Mobile Payments Gain Favor with Japan's Risk-Averse Shoppers
Security fears have long held back digital payment usage in tech-savvy Japan. But that seems to be changing.

Omni-Channel Payment Processors Embrace the Times
Point of Sale News • Nicole Apostle
To a greater extent than ever before, consumers are looking for a higher level of convenience throughout every step of the purchase process, from item search and selection to payment and delivery.

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Canadian small-business group wins a lower Mastercard interchange
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Visa and IBM's Watson team up for Internet of Things payments
The rush to stake out central roles in the emerging Internet of Things is picking up speed, with IBM and Visa announcing a partnership for adding secure payments technology to everyday objects, including vehicles.