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1192

Cuscapi’s Rev tablets roll out at Ministry of Food Singapore outlets

DIGITAL NEWS ASIA: CUSCAPI Bhd said that Ministry of Food Singapore Pte Ltd, a restaurant chain that kicked off in the city-state in 2006, has deployed Rev interactive self-ordering tablets at its outlets.   (more…)

InspirAsia, Malaysia, Pre-order services, Singapore

June 26, 2015

1479

PH Startup PawnHero Wins The Judges’ Choice Award at Echelon Asia Summit 2015

DEALSTREETASIA: Philippine fintech startup PawnHero has won the Echelon Asia Summit 2015 Judges’ Choice Award in Singapore Wednesday night, beating nine other finalists out of the original 500 applications from around Asia. (more…)

InspirAsia, Philippines

June 25, 2015

1012

The Monocle Quality of Life Survey 2015

Monocle: ASEAN is the best region for living in the new Monocle Quality of Life Survey 2015: Tokyo (1), Melbourne (4), Sydney (5), Fukuoka (12), Singapore (13), Kyoto (14), Auckland (17), Hong Kong (19) (more…)

Influences FinTech, InspirAsia

June 25, 2015

1000

Forbes China “Fintech 50” List Highlights Winners In Fast-Growing Field

Forbes: Looking to learn more about early winners in the exploding business of online finance in China? (more…)

China, InspirAsia

June 25, 2015

864

India’s cashless proposal could spur mobile payments

MOBILEMAKERS: The Indian government published proposals to encourage greater take-up of electronic payments in a country where cash still rules.It suggested a range of measures, including tax benefits to merchants if at least half of their transactions are handled electronically. Consumers could also receive income tax rebates if a certain proportion of their spend is cashless. Another idea is for government itself to drop certain surcharges it levies for making card payments.Among the objectives are improving financial inclusion, reducing the risks for individuals of carrying cash, cutting the cost of managing cash in the economy, as well as making tax avoidance harder.

(more…)

Global trends, Government activities, India, InspirAsia

June 23, 2015

1500

What Does Asia Have To Offer Against Square?

TechInAsiaVladislav Solodkiy, Life.SREDA VC: Last week Jack Dorsey, co-founder and CEO of Square, the world’s third largest fin-tech company by market capitalisation, also took a role of iCEO at Twitter. On top of that, a new wave of rumours about the company to go public by the end of this year hit the media. What do the Asian markets have to offer in respond to this? (more…)

Fintech news, Hotnews, InspirAsia, news, POS/mPOS and online acquiring

June 23, 2015

970

E-Commerce Gold Rush In Southeast Asia

TECHCRUNCH: There’s a myopia blinding e-commerce players to the reality of opportunities in Southeast Asia. Everyone is looking at Asian economies from under the shadow China casts on the economic landscape, which can’t help but obscure the picture. (more…)

China, InspirAsia

June 22, 2015

1067

Myanmar Sees Surge In Telecom Investment

DEALSTREETASIA: Investment in telecoms has surged in Myanmar in the past year as operators begin to tap a rapidly expanding market, driving growth in the economy. (more…)

InspirAsia, Myanmar

June 20, 2015

1345

Asian Crowdfunder Launches In Malaysia, Looking To Enter Singapore, Indonesia, Thailand

DEALSTREETASIA: Equity-based crowdfunding platform Asian Crowdfunder has launched its operations in Malaysia this month,  and is in the process of starting operations in Singapore, Indonesia and Thailand. The pan-Asian platform, which claims to be accessible to vetted accredited investors only, is founded by an international team of experienced and successful entrepreneurs and asset managers backed by decades of experience.

Fintech news, InspirAsia, Malaysia

June 20, 2015

873

Alibaba confirms government investment for its Alipay and online banking business

Techinasia: Alibaba revealed this afternoon that its finance subsidiary, Ant Financial – which runs Alipay, China’s top online payments service – has received an investment from China’s state-run National Social Security Fund (NSSF). The funding amount is not disclosed.

(more…)

China, Fintech news, Hong Kong, InspirAsia, news

June 19, 2015

1011

India: Paytm Is Bringing In Sellers from AliExpress, AdStringO And FundsIndia Announce New Rounds

International Business Times: Paytm, which has recently forayed into online retailing business, is planning to bring in 1,00,000 sellers from Chinese e-tailer Alibaba’s online arm AliExpress to its platform from August. The Delhi-based company estimates its gross merchandise value (GMV) to increase by $1.5 billion from AliExpress businesses in the next six months. Paytm, originally a mobile payment services, has crossed $1.5 billion (about ₹9,600 crore) in GMV in the year ending April 2015. (more…)

India, InspirAsia

June 18, 2015

771

The Insider’s View To Payments And Fintech in Asia and Africa

THE COINTELEGRAPH: Analysis of the biennial Payment Innovations Report 2015 from June 17 has described an increasingly successful FinTech sector in Asian and African countries that they say is likely to take the lead in digital payment startups and new businesses, while they criticize NFC payments as a “solution still looking for a problem.” (more…)

InspirAsia

June 17, 2015

1114

10 Reasons Why Singapore Is The Next Big City for fintech

TECHINASIA: When we decided to relocate the Life.SREDA fund from Russia, a number of countries – Great Britain, Estonia, Latvia, Hong Kong, Singapore – invited us to move there and do business with them. Here are some reasons, according to my expertise, why Singapore is the best place in the world for financial innovation: (more…)

InspirAsia, Singapore

June 11, 2015

1028

This Sleek Electric Tuk-Tuk Is Designed To Battle Traffic In Your City

FAST COMPANY: Tuk-tuks might be everyday, ubiquitous transportation in Nairobi or Phnom Penh, but can these tiny three-wheeled taxis also find a place in sprawling, car-obsessed cities like L.A. or Atlanta?

(more…)

Fintech news, Influences FinTech, InspirAsia

June 11, 2015

952

GMO Raises $65M From Japanese Megabank To Strengthen Online Payments, Help Startups

TECH IN ASIA:  Japan’s GMO Internet is often in the news as an investor, but today the Japanese internet service and online payment provider was the one receiving funds. The firm announced a JPY 8 billion (US$65 million) investment by multinational banking giant Mitsui Sumitomo to strengthen its GMO Payment Gateway e-commerce payment solution and aid the startups that it serves.

(more…)

Deals, InspirAsia, Japan

June 10, 2015

859

South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge

Fastcompany: South Korean Team Takes $2 Million Top Prize At DARPA Robotics Challenge. DARPA wants to inspire the creation of robots capable of disaster recovery. But there’s a long way to go and a lot of work still to do.

(more…)

Fintech news, InspirAsia, Korea, news

June 8, 2015

1598

Indonesian Fintech Startups With High Potential

E27.CO: From payment gateways to microbusiness, these Indonesian startups have shown enormous growth – both in terms of ideation and execution (more…)

Indonesia, InspirAsia

June 4, 2015

2372

India: Fullerton India to establish home finance arm and PayPal India incubator’s graduates

DEALSTREETASIA: Singapore-state fund Temasek-owned Fullerton India Credit Co. Ltd, a non-banking financial company is planning to establish a home finance company in India, a report said. Buoyed by recent success in retail lending, Fullerton aims at granting loans to people in the affordable housing segment, according to a report in Indian publication Mint, which quoted Shantanu Mitra, the firm’s managing director and chief executive (more…)

India, InspirAsia

May 29, 2015

1280

Path sells to South Korean Internet company Daum Kakao

Mashable: South Korean messaging company Daum Kakao has acquired social networking apps Path and Path Talk for an undisclosed amount. Path announced the deal Thursday evening.  (more…)

Deals, Fintech news, InspirAsia, Korea, news

May 29, 2015

2028

TradeHero Inches Closer To Real Trading, Partnering With SGX And Macquarie

TECHINASIA: Singapore-based TradeHero today announced it has partnered with the Singapore Exchange (SGX) to organize the StockWhiz 2015 contest. This year’s iteration picks up from the success of last year’s contest, which according to the company drew over 15,000 people to join in. Participants this time around will be able to trade in more than 400 stocks, real estate investment trusts (REITs), and exchange traded funds (ETFs) in real-time, based on information listed on SGX. (more…)

InspirAsia, Singapore

May 28, 2015

1970

Boom of Accelerators in Singapore

E27.CO: Here’s everything you want to know about Singapore’s startup scene. Take a look at some of the biggest players — the major deals made and insights into entrepreneurial behaviour (more…)

InspirAsia, Singapore

May 28, 2015

1174

Tripartite Alliance of CoAssets, FundedByMe & New Union Advances Singapore’s Crowdfunding Space

DEALSTREETASIA: Singapore-based crowdfunding platforms CoAssetsFundedByMe and New Union have established a tripartite alliance to grow crowdfunding in Southeast Asia. Combined, the three companies have facilitated raising of S$200 million ($148.17 million dollars) through international campaigns, to date. They plan to accelerate this growth in the coming months, despite the relative youth of the industry in the region. (more…)

Crowdfunding/investing, InspirAsia, Singapore

May 27, 2015

1352

Alibaba-Affiliated Online Bank Get Green Light From China Regulator

REUTERS: China‘s banking regulator has given a green light to MYbank, the online bank affiliated with Chinese e-commerce giant Alibaba Group Holding Ltd, to start operating. The bank, owned in part by Alibaba-linked Ant Financial, is expected to launch in June as China’s internet companies increasingly encroach upon the turf of traditional banks. (more…)

China, InspirAsia

May 27, 2015

1446

Singapore’s ConnectNPay And Polish Solution To Myanmar’s Financial Sector

TECHINASIA: Since Myanmar opened up its economy in 2010, after one of the most brutal dictatorships in Asia, capitalism has been on the rise. The country’s abundant natural resources, strategic location between Asia’s powers India and China, and its largely untapped market of 60 million people have caught the interest of foreign investors. (more…)

InspirAsia, Myanmar

May 27, 2015

897

Banks Gear Up To Piggyback On The e-Commerce Wave

E27.CO: With e-shopping on the rise, there is a paradigm shift in the traditional payments scene, giving a huge setback to banks’ fee income (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

May 26, 2015

1342

News From Vietnam: Coc Coc’s and Zalo’s Growth, Launch of FPT Ventures

DEALSTREETASIA: Vietnam-based Coc Coc has become the second most popular search engine in Vietnam, after Chrome. Three months after it received  the $14 million funding from Hubert Burda Media in February this year, the ad sales have jumped two times, while the subscription for Coc Coc search has increased by 32 per cent. This was revealed by the company’s co-founder Le Van Thanh at the FPT Techday in Hanoi last week. Coc Coc was founded in 2007, inspired by Russia’s Yandex, but its products were commercialised during the last three years, since 2013. (more…)

InspirAsia, Vietnam

May 25, 2015

1607

VC Life.SREDA Gets Huawei Senior Exec On Board For Its InspirAsia Accelerator

TECHINASIA: Recently landed in Singapore, Russian venture capital Life.Sreda today announced it has hired Huawei’s former global head of operations and COO of cloud business Victor Chow as CEO of its InspirAsia startup accelerator. From his new position, he will be overseeing accelerator development and the launch of the acceleration program. (more…)

Fintech news, Hotnews, InspirAsia, Singapore

May 21, 2015

1127

Korean Crowdfunding Platform For Creative Artists Raises $16M Funding

TECHINASIATumblbug, a South Korean crowdfunding platform for the creative arts, announced today it has raised KRW 17 billion (just over US$15.5 million) in series A investment, according to BeSUCCESS. The funding comes from DCM, Strong Ventures, and Naver, the maker of messaging app Line. (more…)

Crowdfunding/investing, Deals, InspirAsia, Korea

May 21, 2015

969

Shanghai Stock Exchange Planning Startup Market

The Wall Street JournalThe Shanghai Stock Exchange is on track to inaugurate a new market for small, innovative companies as soon as this year, which will challenge the wildly successful Nasdaq -style startup board in Shenzhen, people familiar with the matter said. (more…)

China, InspirAsia

May 19, 2015

868

News From Singapore’s Accelerators

TECHCRUNCHJFDI Asia, the Singapore-based accelerator program, is doubling down its investment in early-stage startups and experimenting with allowing participants of its 100-day program to spend time away from its physical base. The organization, which was founded in 2012 by former BBC producer Hugh Mason and entrepreneur Meng Weng Wong, said it will now provide an immediate SG$50,000 (US$37,000) investment for startups accepted into its twice-annual program. That covers an 8.88% share in each company, and is double its previous investment. JFDI Asia is also pledging to offer a further SG$70,000 (US$53,000) towards a follow-on seed round for “the most successful startups.” (more…)

InspirAsia, Singapore

May 19, 2015