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Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it rose to $245.28 billion delivered mainly by the huge China market. The alternative finance sector in Asia-Pacific totaled $102.8 billion in 2015, the first year for the survey. The research is based on data collected from 628 platforms across the Asia-Pacific region, including 463 from China and 165 platforms from the wider region. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

September 20, 2017

SEC Thailand’s Viewpoint on ICO

by Fintechnews.sg

he Securities and Exchange Commission, Thailand (SEC Thailand) has been following the development and the growing popularity of initial coin offerings (ICO). (more…)

Blockchain, Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 20, 2017

In Asia Pacific, Cash Usage Swell With Growth of ATMs

By PYMNTS

In the Asia-Pacific, cash is fighting tooth and nail with emerging digital payment methods and is seemingly winning the race. (more…)

Analytics, Hotnews, InspirAsia

September 18, 2017

JD.com, JD Finance and Central Group to Launch E-commerce and Fintech Services Joint Ventures in Thailand

 

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Partnership between Thai retail giant and leading Chinese e-commerce and fintech companies to reshape Thailand online retailing and finance landscapes (more…)

Deals, InspirAsia

September 15, 2017

102

Dubai and Malaysia ink fintech cooperation agreement

The Dubai Financial Services Authority (DFSA) and Securities Commission Malaysia (SC) last week entered into an agreement to cooperate in the development of financial technology (FinTech) innovation. (more…)

Government activities, Hong Kong, Hotnews

September 13, 2017

104

China’s ICO ban makes more sense in light of its history with fintech

By Nik Milanovic for Techcrunch

China’s decision to freeze fundraising through initial coin offerings continues to roil markets, but the regulatory decision may not be as controversial as the response from the bitcoin community would lead observers to believe. (more…)

Cryptocurrencies, Global trends, Hotnews, InspirAsia

September 13, 2017

128

Hong Kong-based ewallet locks in $115m for Southeast Asia expansion

By Nadine  for Tech in Asia

Hong Kong-based TNG Wallet says it has locked in a “record-breaking” US$115 million series A investment to accelerate expansion across Southeast Asia and South Asia. (more…)

eWallets, Hotnews, InspirAsia

September 11, 2017

120

Samsung Pay hits $9 billion of transactions in South Korea

Samsung Pay has driven its home advantage and processed 10 trillion won ($8.8 billion) in accumulated transaction volume in South Korea, the company has announced. (more…)

Hotnews, InspirAsia, p2p-payments

September 8, 2017

440

Alibaba debuts ‘smile to pay’ facial recognition payments at KFC in China

By Jon Russel for TechCrunch

China is streets ahead when it comes to digital payments. The latest leap is facial recognition technology that allows a customer to pay by literally flashing a smile. (more…)

eWallets, Hotnews, InspirAsia, Payment processors/providers/gateways

September 4, 2017

160

Dianrong Teams Up With FinEX Asia Launch Fintech Asset Management Platform

On Wednesday, Dianrong announced it has teamed up with FinEX Asia to launch what it claims to be Asia’s first fintech asset management platform. According to the duo, FinEX Asia combines its risk management expertise with Dianrong’s fintech capabilities to give Asian investors access to a diverse and attractive portfolio of U.S. consumer lending assets. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

August 31, 2017

292

Alipay connects with Yelp

By Yelp

Alipay, one of the world’s leading digital payment platforms, and Yelp Inc., the company that connects consumers with great local businesses, have partnered to bring Yelp’s local content to millions of Chinese travelers directly within Alipay’s mobile lifestyle app. (more…)

Hotnews, InspirAsia, Payment processors/providers/gateways

August 17, 2017

312

DBS Bank launches online car selling marketplace

By DBS

Singapore’s DBS Bank is taking advantage of new regulatory freedoms to launch an online marketplace for people to buy and sell cars. (more…)

Banks, Fintech news, Hotnews, InspirAsia

August 17, 2017

250

Report: Peoples Bank of China Expected to Regulate P2P Lenders, Payment Firms

The People’s Bank of China (PBOC) is expected to strengthen the regulation of internet finance firms including peer to peer lenders and payment platforms. (more…)

Government activities, InspirAsia, p2p/online lending

August 9, 2017

Online Lender Dashu Raises 800 Million Yuan

By Cole Lyons

The Chinese Fintech Company, Dashu, has recently announced the completion of a 800 M Yuan ($115 M USD) series C round with some big names backing the company. (more…)

Global trends, Hotnews, InspirAsia, p2p/online lending

July 10, 2017

283

Mizuho completes DLT-based trade finance transaction

Mizuho has completed a trade finance transaction between Australia and Japan, digitising all necessary documentation and sharing the data with multiple participants across a distributed ledger. (more…)

Banks, Blockchain, InspirAsia

July 10, 2017

308

IZettle eyes IPO

Having doubled revenues and slashed losses last year, Swedish mPOS outfit iZettle says that it is preparing for a potential IPO. (more…)

Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

284

India: Axis Bank in talks to buy digital payment platform FreeCharge

Axis Bank has emerged as the frontrunner to buy Snapdeal-owned mobile wallet FreeCharge, according to a report in The Economic Times citing three people aware of the development. (more…)

Banks, Global trends, Hotnews, InspirAsia

July 10, 2017

308

Stripe inks global partnerships with China’s Alipay, WeChat Pay

By Anna Irrera for Deal Street Asia

Silicon Valley startup Stripe has partnered with digital payment providers Alipay and WeChat Pay to enable merchants using its platform globally to accept payments from hundreds of millions of Chinese consumers. (more…)

Cashless, Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, POS/mPOS and online acquiring

July 10, 2017

305

Ayondo opens for business in Spain

By Ayondo

Financial technology group ayondo has launched business in Spain with offices in Barcelona and Madrid, marking the group’s development of the third core retail distribution market after Germany and the United Kingdom. (more…)

Hotnews, InspirAsia, p2p/online lending

July 4, 2017

366

Singapore startup Instarem raises $13m to take remittance business away from banks

By  for Tech in Asia

Cross-border remittances amounted to a whopping US$575 billion last year – the bulk of it going to developing countries as migrant family members sent money home or companies sent payments to workers abroad. (more…)

Hotnews, InspirAsia, Remittances

July 4, 2017

333

Online lending platform gets $3m from Vertex to make a play for Indonesia

By Jack Ellis for Tech in Asia

Singapore-based fintech startup Validus Capital has received US$3 million in funding from venture capital firm Vertex Ventures along with an additional US$600,000 from angel investors, it announced today. (more…)

Deals, Hotnews, InspirAsia, p2p/online lending

July 3, 2017

231

RealtyMogul Preps for MogulREIT II, MogulREIT I Has Raised $15.5 Million

By JD Alois for CWI

RealtyMogul.com has filed a new Form 1-A indicating its intent to launch a second MogulREIT using the Reg A+ securities exemption. MogulREIT II intends on raising up to $50 million to invest in multi-family residences targeting a millenial consumer, according to the current Offering Circular. (more…)

Crowdfunding/investing, InspirAsia

July 3, 2017

186

Indian banks failing to grasp the opportunities from demonetisation

Despite the impetus provided by demonetisation, Indian banks remain way behind the curve in tempting customers away from the bank branch to digital channels. (more…)

Deals, Hotnews, InspirAsia

July 3, 2017

590

China Quietly Tests Digital Hybrid Currency

In a move that is no surprise to industry experts, China has begun testing its own digital currency for interbank transfers. Recent speeches by national bank insiders along with some publications have indicated the direction the Chinese would like to take.  (more…)

Cryptocurrencies, Hotnews, InspirAsia

June 26, 2017

370

India’s MobiKwik is raising new funding at $1B valuation to battle payment rival Paytm

By John Russel for TechCrunch

With high-profile investments from Alibaba and SoftBank fueling an impressive growth story since demonetization last year, you could be forgiven for thinking that Paytm has India’s payments market sewn up. But at least one company will agree to differ on that. (more…)

eWallets, Global trends, Hotnews, InspirAsia

June 15, 2017

448

Regtech Poised To Take Off In Southeast Asia

By Fintech News. SG

Regtech is earning regulatory endorsement all around the world, including in Asia-Pacific, where initiatives in locations such as Hong Kong, Japan, Singapore and Australia are being launched to address compliance and regulatory challenges more efficiently. (more…)

Global trends, Hotnews, InspirAsia, RegTech

June 15, 2017

326

Brief: Indian P2P Lender LoanMeet Secures Seed Funding from Chinese Investors

Increasingly cross national investment in fintech is becoming the norm.  As an example, today Bengaluru-based P2P lender lender LoanMeet has raised an undisclosed amount of seed funding from Chinese entrepreneur-turned-investors Cao Yibin and Huang Wei, along with KrazyBee.com co-founder and CEO Madhusudan E, according to multiple new sources. (more…)

Hotnews, InspirAsia, p2p/online lending

June 12, 2017

315

OurCrowd Sets Up Tech Incubator in Israel with the Backing of Motorola, Reliance Industries & Yissum

OurCrowd, a leading equity crowdfunding platform, has partnered with Motorola Solutions (NYSE: MSI), Reliance Industries (NSE: Reliance) and Yissum Technology Transfer Company of the Hebrew University of Jerusalem, to operate an “innovation technology incubator” that will support the growth of early stage startups in Jerusalem. (more…)

Accelerators/Incubators/Labs, Crowdfunding/investing, Global trends, Hotnews, InspirAsia

June 9, 2017

293

Nigeria moves trade to the cloud with Misys and Interswitch

By Interswitch

With calls for a diversification and deepening of the Nigerian trade sector to offer options for varied investor tastes and boosting of the economy, Thursday, June 1 2017 witnessed the launch of a Digital Cloud-hosted Trade Solution for the Nigerian Market called Misys Fusion Banking Trade Innovation Software. (more…)

Banks, Hotnews, InspirAsia

June 5, 2017

271

Claim your chance for free access to Taobao Crowdfunding for your hardware startup

By Manny Lee for TechNode

TechCrunch Shenzhen is working with Taobao Crowdfunding to help startups find a smoother way to the market. (more…)

Crowdfunding/investing, Deals, InspirAsia

June 5, 2017