By Malavika Velayanikal for techinasia.com
One of the pain points for startups in India is lack of access to credit. The usual collateral and other requirements of banks are beyond their means. Banks are also more attuned to financing traditional businesses, not the asset-light, fast-growing internet businesses of today. (more…)
By Chris Skinner for his blog,
We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year. I was in the Polish meeting, as it was also the first launch meeting for ValueWeb, and was intrigued to hear to the EFMA research. (more…)
By Jessy Hempel for The Wired Magazine
SIX YEARS AGO, Irish brothers John and Patrick Collison set out to make sending payments dead simple for businesses—as easy as pasting a line of code into their apps. It’s working. Today their company, Stripe, powers mobile payments for startups like Lyft and Slack and Fortune 500 companies like Best Buy. Now, the Collisons want to take the complexity out of starting a business in the first place—and render geography irrelevant in the process. (more…)
By Adam Lashinsky for Fortune
The prize? Try 120 million point of sale terminals worldwide. (more…)
By Samburaj Das for cryptocurrency news
JPMorgan Chase & Co has been testing a blockchain program over the past few months wherein US dollars are being moved between London and Tokyo using distributed ledger or blockchain technology, the same innovation used to power Bitcoin. (more…)
By Erick Crouch for techinAsia.com
Apple Pay rolled out in China last week to a mixed response. Domestic players WeChat Wallet and Alipay have had years to figure out how the Chinese epayments market works, and a new player – especially one that doesn’t offer staple services like discounts, online purchases, and savings accounts – is facing an uphill battle. (more…)
By Steve O’Hear for Techcrunch.com
Latvia’s , a fintech startup that operates a p2p loans marketplace to let investors invest in various loans from a growing number of loan originators, has raised €2 million in seed funding. Backing comes from Riga-based VC Skillion Ventures. (more…)
By World Bank Press release,
Gov’t-World Bank Group joint report recommends reforms to foster private sector competitiveness, promote social inclusion and build modern institutions.
By Meghna Rao for techinasia.com
What’s up with India’s startup ecosystem? According to data released in InnoVen Capital’s “India Startup Outlook Report,” only 22 percent of VC-funded early-stage startups expected to turn profitable in the next year, probably because the intention of getting investor money is to trade profitability for growth.
Recently I had the chance to catch up with Tim Draper, Founder and Managing Director at DFJ and one of the most prominent figures in the global venture capital community. (more…)
Blockchain is widely known for its usage within Bitcoin, and now, people and enterprises are starting to understand the blockchain as a phenomenon different from Bitcoin specifically and other digital currencies in general. Banking and payments are not the only sectors that could be disrupted by blockchain tech, moreover, the promising sectors include Music, Voting and NGOs. (more…)
By Frontier Myanmar,
CB Bank in October became the first financial institution in Myanmar to offer account holders the option of paying a utility bill over their mobile phone.
The option benefitted customers of the Yangon Electricity Supply Corporation and who in the commercial capital does not have a mobile phone nowadays? (more…)
Vladislav Solodkiy, Managing partner of Life.SREDA for VentureBeat.com
Over the past year, the fintech industry has transformed from a hypothetical hotspot to an actual one.
By Kunal Patel for Techstory.com
One of the biggest buzzwords in commerce today is omnichannel. In the simplest terms, omnichannel means that no matter which channel is the touch point of the moment to the consumer – a payment terminal in a store, an online storefront, or a retailer’s app on a mobile device – their experience should be seamless, streamlined, secure and optimised for the needs of each channel. (more…)
By Jay Farber for Techcrunch.com
Venture capital-backed insurance success stories have risen at a regular drumbeat over the last few years: 2011 brought the billion-dollar Esurance acquisition, 2012 brought the wildly successful Guidewire IPO, 2013 brought the large Climate Corporation acquisition and 2014-2015 brought Zenefits to prominence. (more…)