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730

Indian Business Baron Ratan Tata Invests In Paytm

E27.CO: Chairman Emeritus of Tata Sons Ratan Tata has made an undisclosed amount of investment in mobile payments and commerce company Paytm. With this investment, Tata will pick up a small stake in One97 Communications, the company that owns and operates Paytm. He will also take on the role of an advisor at the company.

(more…)

Deals, Fintech news, India, InspirAsia, news, p2p-payments

March 13, 2015

770

India’s Top Mobile Wallet App Adds Support For Payments To Bank Accounts

TECHCRUNCH: Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts. Mobile wallets, like that of Paytm, have grown in popular in India, where credit card adoption is low and many services, including online retailers, process a lot of cash-based transactions. (Its billion-plus population is estimated to have just 450 million bank accounts, with many unused.) Wallets are at the intersection of that, providing greater reliability than cash, but without requiring users to get bank accounts.

(more…)

eWallets, Fintech news, India, InspirAsia

March 13, 2015

1383

12 International VC Firms That Have Invested in South Asian Startups

TECHINASIA: As smartphone usage booms across Asia and web services become more commonplace, private equity firms and venture capitalists are exploring the lucrative potential of the region. There are a number of global VC firms, especially in Silicon Valley that are keeping an eye on startups on the other side of the planet. Below we’ve identified some big-name VCs who have backed South Asian startups.

(more…)

Analytics, Global trends, InspirAsia

March 12, 2015

814

Insights Into Singapore’s Startup Scene: DBS’s CIO Neal Cross

E27.CO: DBS Chief Innovation Officer Neal Cross tells it like it is in an exclusive interview with e27 and gives startups some valuable advice

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InspirAsia, Singapore

March 12, 2015

626

Snapchat Is Raising Money From Alibaba at a $15 Billion Valuation

BLOOMBERG: Alibaba Group Holding Ltd. plans to invest in Snapchat Inc., the mobile application for sending disappearing photos, at a valuation of $15 billion, people familiar with the situation said. China’s biggest e-commerce company intends to invest $200 million, said the people, who asked not to be identified because the discussions are private.

(more…)

China, Deals

March 12, 2015

638

Alibaba, Prince Alwaleed Go In On Snapchat’s $500M Round

TECHCRUNCH: Snapchat, one of the ten most popular instant messengers in the world, has raised $200M from Alibaba Group and Saudi Arabian investor Prince Alwaleed Bin Talal at the valuation of $19B. Alibaba’s only weakness against its traditional rival – Chinese Tencent – is the lack of a strong position in the messaging market. With this investment (as well as the investment of $215M in Tango messenger last year) Alibaba is trying to strengthen its position in the market by diversifying assets and insuring itself against the negative effects of the growing popularity of instant messengers as a means for communication, shopping, financial transactions, etc.

(more…)

China, Deals, Fintech news, InspirAsia

March 11, 2015

726

ChargeBee takes the pain out of subscription billing, raises $5M from Tiger Global, Accel

TECHINASIA:  Cloud-based billing platform ChargeBee has just announced its series B funding round of US$5 million led by Tiger Global. Its existing investor Accel Partners participated in the latest round. ChargeBee provides its clients with an easy plug-and-play interface to accept payments through a choice of 30 gateways, such as Authorize.Net, Braintree, Stripe, PayPal, eWay, Pin Payments, AmazonPayments, and WorldPay.

(more…)

Deals, India, InspirAsia

March 11, 2015

798

Which Asian city has the hottest FinTech startup ecosystem?

E27.CO: Among heavyweight financial hubs Hong Kong and Shanghai, Singapore takes the top spot as the ecosystem most conducive to building FinTech startups, says Markus Gnirck, Co-Founder and COO of Startupbootcamp FinTech

(more…)

Analytics, Global trends, InspirAsia

March 10, 2015

786

Twitter Opens Hong Kong Office To Make Money In China

TECHCRUNCH: Twitter may be blocked in mainland China, but there is still plenty of money to be made from beyond the Great Firewall. The company opened a Hong Kong office today with the goal of helping companies in China market to overseas consumers.

(more…)

Hong Kong, InspirAsia

March 9, 2015

756

Singapore Issues New Carpool Laws That Let Drivers Get Paid For Rides

TECHINASIA:  Last week, the Singapore government issued new laws that will allow drivers to receive payments for carpools. The statute was completed on Monday, March 2, and reported by the Straits Times on Friday. According to the statute, car owners can accept monetary compensation for driving passengers, provided the driver does not accept hails on the street or in a parking lot. In addition, payment cannot exceed the cost of taking the passenger to his or her destination, which must be agreed upon before the ride begins. Drivers are also prohibited from making more than two rides a day.

(more…)

Global trends, Government activities, InspirAsia, Singapore

March 9, 2015

849

Hong Kong’s Tofupay Wants To Make Online Payments Easy

E27.CO: The startup aims to make transactions simpler by offering easy multi-currency management.  Tofupay is one of the 11 teams chosen to join the blueprint accelerator programme. This international team of five will be working on their not-so-stinky idea, Tofupay, an alternative service to make online payments and transactions easier and more economical.

(more…)

Fintech news, Hong Kong, InspirAsia

March 7, 2015

1053

Hello Indonesia! Twitter Officially Opens Its Jakarta Office

TECHINASIA: It’s official: Twitter has arrived in Jakarta and opened an office space in the 15th floor of the One Pacific Place office building, SCBD, Jakarta. In November 2014 at our Tech in Asia Jakarta 2014 conference, Rick Mulia, head of business development for Twitter in Indonesia, announced that Twitter would open a local office by early 2015. It seems today he’s made good on that promise. (more…)

Indonesia, InspirAsia, news

March 5, 2015

1404

How KakaoTalk’s Billionaire Creator Ignited A Global Messaging War

FORBES: How KakaoTalk’s founder ignited a global messaging war. Kim Beom-Su, the son of a factory worker and a hotel maid, has become a billionaire by building a technological empire. Why is it difficult to grow outside of South Korea?

(more…)

Analytics, Fintech news, Global trends, InspirAsia, Korea, news

March 2, 2015

799

HK Budget: $50M Venture Fund For Growing Startups

COMPUTER WORLD: The Hong Kong government will be offering financial assistance to technology startups with its plan to set up a HK$50 million corporate venture fund. The amount is earmarked for companies located at the Hong Kong Science and Technology Park (HKSTP) and those that have participated in its incubation programs. (more…)

Global trends, Government activities, Hong Kong, InspirAsia

February 26, 2015

831

The Hong Kong’s 2015-16 Budget Focus on Financial Development

BUDGET SPEECH: Hong Kong’s Financial Secretary John C Tsang in his budget speech has announced a strong focus on financial sector development (80% of Hong Kong’s GDP) and support of fintech startups. (more…)

Global trends, Government activities, Hong Kong, InspirAsia, news

February 25, 2015

1439

Maybank partners Maxis to introduce mPOS service for SMEs

THE ASIAN BANKER: Maybank has partnered with Maxis Berhad to launch the Maybank mPOS service which enables SMEs to leverage the benefits of wireless payment mobility for business growth. (more…)

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

January 27, 2015