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732

Good To See More Focus On ‘Tech’ Than ‘Fin’ In FinTech: Citrus Founder

E27.CO: Citrus Pay is a leading online checkout and payment solutions company in India. Headquartered in Mumbai, Citrus is backed by Sequoia Capital and Beenos Asia, a subsidiary of Japanese e-commerce and incubation company Netprice. As per a recent news report, PayPal Founder Pieter Thiel is rumoured to be planning to infuse US$25 million into the company as the fin-tech space is getting hot. (more…)

India, InspirAsia

May 13, 2015

617

Alibaba Needs To “Globalize,” Says Its New CEO

TECHCRUNCH: The bulk of Alibaba’s revenue still comes from China, but the e-commerce giant will focus aggressively on growing its global business this year. Daniel Zhang, who took over as chief executive officer last week, told employees in in a recent speech that not only will Alibaba pour money into its global businesses, but also transform its company culture. (more…)

China, InspirAsia

May 13, 2015

1126

FinTech Demo Day

Fintech Demo Day is the first event jointly hosted by Marvelstone PartnersLife.SREDA VC and Yozma Group Asia for the selected fintech startups to provide demo for panel of judges and investors in Korea. The purpose of this even is to search for competitive fintech companies in Korea and introduce the hosting VCs to the fintech industry and startups in Korea.  (more…)

Fintech news, InspirAsia, Korea, news

May 13, 2015

607

Searching for the Next Jack Ma

Bloomberg: Fan Bao and his ‘Alpha Team’ of investment bankers are scouring China’s startup scene to uncover a new wave of technology giants. (more…)

China, InspirAsia

May 12, 2015

725

SoftBank’s New President Is Former Google Head Of Business Nikesh Arora

TECHCRUNCHSoftBank, the Japanese telecom giant that is also one of Asia’s most prolific startup investors, has named Google’s former chief business officer, Nikesh Arora, as its new president and potential future chief executive officer. (more…)

Fintech news, InspirAsia, Japan, news

May 12, 2015

1000

Asia’s states, VCs, banks and startups must build fin-tech together

E27.CO: The world’s best fin-tech companies come from countries with a close collaboration between all parties, says Vladislav Solodkiy of Life.SREDA at the fin-tech event that took place in Singapore last week. (more…)

Fintech news, Hotnews, InspirAsia, news, Singapore

May 11, 2015

622

Uber Is Testing Cash Payments In India

TECHCRUNCH:  Uber is synonymous with its cashless payment experience, but that’s about to change. At least in India, initially. That’s because the ride-hailing giant has kicked off a pilot program testing cash payments in one city in the South Asian country: Hyderabad. There, Uber customers will be able to pay their fare in cash, using a new option that must be selected before requesting a ride. (more…)

India, InspirAsia

May 11, 2015

631

Disruption Looms For Asian Banks

IFRE.COM: Last week, the  head of Singapore’s DBS Group, Piyush Gupta, sounded the alarm over shifts in the banking model that could push many banks out of business in a relatively short period. He spoke of the “cataclysmic disruption” facing the industry over the next five years and suggested that banks unable to adjust to this disruption over the next decade would “die”, adding that perhaps a decade was being a little too generous on the timeline front. (more…)

InspirAsia, Singapore

May 8, 2015

616

Chinese company Tiens Group treats 6,400 workers to four-day Paris holiday

The Guardian: A huge Chinese company, Tiens Group, is treating more than half of its 12,000 employees to a four-day holiday in France and has booked up 140 hotels in the capital Paris as part of the package, a French foreign ministry spokeswoman said on Thursday. (more…)

China, InspirAsia

May 8, 2015

1206

All Roads Lead To Bangalore For VCs

TECHINASIA: Which is the startup capital of India? That has been an ongoing debate in recent times, with the three frontrunners – Bangalore, Delhi, and Mumbai – all staunchly staking their claim to the title. (more…)

India, InspirAsia

May 8, 2015

907

10 Great Co-Working Spaces In Taiwan

TECHINASIA: Taiwan ought to be a digital nomad’s paradise. With ultra-efficient urban infrastructure, affordable prices (unless you’re buying real estate), abundant natural scenery, and jaw-dropping internet speeds, the island makes an excellent destination for itinerant coders looking to mesh work with play. Like elsewhere in Asia, more and more co-working spaces are popping up in Taiwan. Below we’ve listed 10 worth checking out. (more…)

InspirAsia

May 8, 2015

1078

PawnHero, LoanSolutions Partner To Provide Lending Options To Filipinos

E27.CO: The move is aimed at giving Filipinos easier access to loans and enabling more financial power (more…)

InspirAsia, Philippines

May 8, 2015

689

A glimpse inside LINE’s adorable Bangkok office and the global effect of its messenger culture

The Next Web: Japan-based messenger app LINE is one of the biggest apps in Asia, but many in the western markets may not know it as well in light of other heavyweights like Facebook MessengerWhatsAppGoogle Hangouts and Skype.

(more…)

InspirAsia, Japan

May 8, 2015

800

In Word-Of-outh Myanmar, Startups Must Enter ‘Trusted Circle’

E27.CO: “The majority of international brands available in Myanmar today are relatively new to the market, and as a result consumers are still familiarising themselves with these brands. They place a great deal of importance in the recommendations of those in their trusted circle of family and friends. For new brands looking to establish a foothold in the market, building awareness, trial and, ultimately, trust is critical to success.” (more…)

InspirAsia, Myanmar

May 7, 2015

1066

Singapore’s VC investments exceed $1b in 2014: SVCA

DEALSTREETASIA: Singapore-based private equity (PE) and venture capital (VC) fund managers deployed more than $9 billion, while VC investments exceeded $1 billion, with Singapore continuing to be a major investment hub. Singapore-based fund managers accounted for more than 55 per cent of total PE and VC investments into Southeast Asia. Meanwhile, Singapore-based companies received more than $2.7 billion in PE/VC funding. (more…)

InspirAsia, Singapore

May 7, 2015

1188

Regulator Set to Allow Banks to Fund Fintech Firms

The Korea Bizwire: South Korea’s top financial regulator said Wednesday that it will pave the way for local banks to invest in financial technology firms as part of its efforts to boost the integration of the two industries. According to current financial laws, financial institutions are allowed to buy stakes in or make contributions only to companies in the same business sector. (more…)

Global trends, Government activities, InspirAsia, Korea

May 6, 2015

569

How TradeHero Is Democratizing Stock Trading For Asia’s Middle Class

TECHINASIA: In the past, Tech in Asia has referred to TradeHero as one of the best startups in Singapore. The firm offers an app that lets users trade virtual money based on real-world stock market data. Essentially, it’s a game, but with interesting implications. (more…)

InspirAsia, Singapore

May 6, 2015

623

Chinese P2P Web Lending Breaks New Record In April

TECHINASIA: Online finance and lending platforms have been exploding in China, and the P2P lending sector is especially hot. In April we saw Xiaomi-backed Chinese P2P lending site Jimubox and Sequoia-backed P2P lending site PPDai raise massive series C rounds, and now that the month is over we’ve got data on the market as a whole. And that data, which comes from Yingcan Zixun, says that P2P web lending had its best month ever. (more…)

China, InspirAsia, p2p/online lending

May 6, 2015

761

Accenture Is Back For Batch 2 Of Its FinTech Innovation Lab Asia Pacific

E27.CO: It turns out that last year’s seven startup graduates of Accenture’s first FinTech Innovation Lab in Asia Pacific have so far gone on to collectively raise more than US$6 million in funding — an impressive number. (more…)

Hong Kong, InspirAsia

May 6, 2015

503

Thailand’s Omise Lands $2.6M To Expand Its Payment Gateway Across Asia

TECHCRUNCHOmise, a Thailand-based payment enabler, is in the money today after it raised a $2.6 million Series A round to develop its payment gateway system and expand across Asia. (more…)

InspirAsia

May 5, 2015

795

South Korea’s Central Bank To Develop Biometric Payment Standards

The Paypers: South Korea’s central bank has revealed plans to develop standards for biometric identification that is used to authenticate digital transactions. The Bank of Korea revealed that the Committee on Financial Informatization Promotion (CFIP) will develop the technical standards before the end of H1 2015, and then test such services in H2 with domestic commercial banks. (more…)

InspirAsia, Korea

May 4, 2015

687

Samsung’s Answer To Apple Pay Is Coming In The Second Half Of This Year

Business Insider:  Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. (more…)

InspirAsia, Korea, Mobile payments/banking

May 1, 2015

1232

Does Crowdfunding Have A Future In Indonesia? We Take A Look At Five Crowdfunding Sites

TECHINASIA: Brooklyn-based crowdfunding site Kickstarter has proven many times over that collecting funds from the public for creative projects can work. In crowdfunding, backers donate money to make a project or cause they admire come true. Some crowdfunding campaigns are based on a pre-order system, where the backer gets a product once it is completed and deliverable. Others are based on a system where the backer gets a gift or some form of other perk as reward for their contribution. (more…)

Crowdfunding/investing, Indonesia, InspirAsia

May 1, 2015

505

New Horizons. Beijing

MONOCLE: With a “strategic co-operation partnership” in place, China has stood by Sri Lanka when its human-rights record has come under question. And when the former president needed help constructing the port and airport he built in his hometown of Hambantota, it was China he turned to. Beijing sees Sri Lanka as crucial to the development of its Maritime Silk Road, with the island’s south coast lying a few miles from the shipping lanes that could connect China with India and oil-producer Iran. Air China’s new Chengdu-Colombo service, which runs four times a week, was no doubt developed to capitalise on the close relationship between the two nations. And having had a consulate in Chengdu since 2009, Sri Lanka is already committed to the Sichuan capital. (more…)

China, InspirAsia

April 30, 2015

732

Accenture and FIs kick off Apac Innovation Lab programme

FINEXTRA: Accenture and a group of 10 leading financial institutions today opened the application period for the second class of the FinTech Innovation Lab Asia-Pacific, kicking off a competitive search for the top financial technology (fintech) innovators in the region. (more…)

Fintech news, Hong Kong, InspirAsia, news

April 30, 2015

678

P2P Lending Scams Jumped 11-Fold In China Last Year, On Track For Even More In 2015

TECHINASIA: Peer-to-peer lending is one of the hottest – if not the hottest – business model in China’s venture capital scene right now. P2P lending startups are getting funded left and right, with new names entering the game each week. The pace of these companies flooding the market has risen so dramatically that we’ve largely given up on covering all of them. (more…)

China, InspirAsia, p2p/online lending

April 29, 2015

505

Alibaba to Put Cap on Head Count

The Wall Street JournalAlibaba Group Holding Ltd. Executive Chairman Jack Ma said the Chinese e-commerce giant has been expanding too quickly, and that he plans to cap the size of the company’s workforce at current levels for the time being. (more…)

China, InspirAsia

April 29, 2015

1142

Unitary Asian Cryptocurrency Would Revolutionise Fintech: Life.SREDA’s Vladislav Solodkiy

DEALSTREETASIA: The recent entry of several fintech-focused accelerators into the Singapore startup ecosystem is laying the foundations for a sophisticated fintech ecosystem in the city-state. This development has played a significant part in the Russian venture capital firm Life.SREDA’s shifting its HQ from Moscow to Singapore. With the recent move by Life.SREDA VC to migrate to Singapore, along with its proposed $100 million second fund, DEALSTREETASIA caught up with its managing partner Vladislav Solodkiywho is also the Chairman of the Board of LifePay Global, which provides mPos services across CIS and Asia Pacific markets.Edited Excerpts (more…)

Columns, Cryptocurrencies, Influences FinTech, InspirAsia, Singapore

April 28, 2015

3122

Philippines Pushing For Cashless Society, But It’s A Long Way Off

TECHINASIA: Imagine the day when scanning your face, waving your phone, or using some kind of a wearable are the new norms of paying for goods and services. The transactions could be anything – from buying a train ticket to sending money to a relative, buying clothes in the mall, or riding a jeepney. (more…)

InspirAsia, Philippines

April 27, 2015

546

2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia

TECHCRUNCHPayments continue to be a huge issue in many parts of Asia and emerging markets. That’s why 2C2P, a Singapore-headquartered startup, has closed a $7 million Series C round to help solve the complexities across Southeast Asia. The round was provided by Hong Kong-based Amun Capital and GMO Venture Partners from Japan. It takes the startup at $40 million pre-money, and takes it to $10 million from investors to date. (more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, Singapore

April 27, 2015