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109

PayPal to open innovation labs in India

BY Paypal

PayPal is to open two new innovation labs in India to tap into the local talent pool and the country’s expertise in AI, data science, virtual reality and the Internet of Things. (more…)

eWallets, Global trends

August 17, 2017

225

PayPal acquires Swift Financial to expand its working capital program for small businesses

By Paul Sawers for VB

PayPal has announced plans to acquire Swift Financial, a company that provides cash advances and loans to small U.S. businesses. Terms of the deal were not disclosed. (more…)

Banks, eWallets, Payment processors/providers/gateways

August 10, 2017

417

UK banking app transaction numbers soar

Brits are increasingly relying on banking applications to manage their money, with nearly 40% of adults using apps in 2016 and transactions rising by 57% during the year. (more…)

Banks, eWallets, Fintech news, Global trends

June 29, 2017

318

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

440

Alibaba To Lead $1B Investment in Ele.me

Alibaba, China’s largest eCommerce company, and Ant Financial, its financial services arm, are gearing up to invest $1 billion or more in Ele.me, the Chinese food delivery service. (more…)

Deals, eWallets, Hotnews, InspirAsia

May 29, 2017

382

M-Pesa Mobile Banking To Cover More Of Africa

Millions more smartphone users in Africa will now have access to basic banking services like borrowing and saving as the popular mobile financial service platform M-Pesa expands to cover more countries. (more…)

eWallets, Global trends, Hotnews, Mobile payments/banking

May 29, 2017

252

PayPal Sues Pandora Over Logo

By PYMNTS

When developing a new business, it’s safe to say that there are a few things to consider before launching to the public. Aside from company name and intellectual property, new companies may also want to check into logos currently in use by other businesses. (more…)

eWallets, Global trends

May 24, 2017

274

Paytm Launches Payments Bank To Serve The Underserved In India

By PYMNTS

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. (more…)

Banks, eWallets, InspirAsia

May 23, 2017

507

BBVA brings info and payments to social and messaging networks

BBVA is embedding more deeply with social and messaging networks through a new bot that lets Spanish customers access financial information via Facebook and Telegram, and a tool for making payments from Whatsapp. (more…)

Banks, Deals, eWallets, Fintech news, Global trends, p2p-payments, Remittances

May 19, 2017

309

SoftBank Backs Paytm with $1.6 Billion

By

Paytm has announced that SoftBank has invested in their parent company One97 Communications Limited. (more…)

eWallets, Global trends, Hotnews

May 19, 2017

926

WeChat just launched a search engine. Baidu should worry.

By TIA

Chinese search giant Baidu has had it good. For years, the tech firm has enjoyed a near monopoly of the country’s multi-billion dollar search market. Domestic competitors Sogou and Easou trail behind, each with less than 10 percent market share. Google, its most threatening rival overseas, withdrew from China in 2010, citing hacks by the Chinese government. (more…)

eWallets, Global trends, Influences FinTech, InspirAsia

May 18, 2017

356

Fintech unicorn Transferwise moves into the black

Fintech unicorn Transferwise says the company has reached operational profitability six years after launch. (more…)

eWallets, Fintech news, Global trends, Hotnews, news, p2p-payments, Remittances

May 17, 2017

359

Alibaba Invests In Its First Fintech Company In Hong Kong

As reported by Forbes today, Alibaba has invested in online invoice exchange marketplace Qupital, marking the Chinese e-commerce giant’s first foray into fintech investment in Hong Kong. Qupital raised a total of $2 million in its seed round. (more…)

Cashless, Deals, eWallets, Hotnews, InspirAsia

May 16, 2017

333

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

By Jon Russel for Techcrunch.com

Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, MasterCard and existing investor Gobi Ventures. (more…)

eWallets, Hotnews

May 15, 2017

302

Cashplus launches B2B transaction API

Cashplus announces today the launch of its transaction API. Initially this API will enable Cashplus’s accounting partners to support their clients in the SME sector where there is a huge demand for simple, online servicing. (more…)

Credit/Debit/Prepaid cards, eWallets

May 3, 2017

285

Airwallex raises $13M led by Tencent to bring its cross-border payment service to Europe

By Jon Russel for TechCrunch

Australia-based cross-border payments startup Airwallex has closed a $13 million Series A round to expand its reach across Asia Pacific and into Europe. The deal was led by Chinese internet giant Tencent — marking its first investment in an Australian startup — with participation from Sequoia China, Mastercard and other undisclosed investors. (more…)

Deals, eWallets, Global trends, Hotnews, Remittances

May 1, 2017

489

Chinese Internet Giant Tencent is Developing a Blockchain Platform Called ‘TrustSQL’

By Laster Coleman for CCN

Tencent Holdings Limited, a Chinese investment holding company whose subsidiaries provide media, entertainment, payment systems, the Internet and mobile phone value-added services in China, is developing in its own blockchain platform. (more…)

Banks, eWallets, Global trends, Hotnews, InspirAsia

April 28, 2017

361

India: Paytm plans to invest $1.5b in financial services in next 3 years

By Deal Street Asia

Leading Indian digital payments firm Paytm plans to invest Rs10,000 crore ($1.5 billion) over the next three years to boost its banking and financial services business, said a Press Trust of India report. (more…)

eWallets, Hotnews, InspirAsia

April 28, 2017

332

Flux, a fintech startup founded by ex-Revolut employees, wants to make paper receipts obsolete

By Steve O’Hear for TechCrunch.com

Flux, a London-based fintech startup founded by three early employees of foreign exchange and banking app Revolut, is on a mission to make store receipts truly digital. (more…)

Deals, eWallets, Mobile payments/banking, Payment processors/providers/gateways

April 24, 2017

556

Android Pay Expands To Mobile Banking Apps

Android Pay announced new partnerships with a handful of banks from around the globe, including Bank of America, USAA, Bank of New Zealand, Discover and mBank. (more…)

eWallets, Global trends, Mobile-first banks

April 13, 2017

559

M-Pesa’s Quiet Mobile Revolution 10 Years In

eWallets, Global trends

April 12, 2017

317

India: Softbank in talks to sell Freecharge at half the price at $200m

By The deal Street Asia

With the on-going sale talks at Indian e-commerce firm Snapdeal continue to hog headlines, Japanese investor SoftBank is now in discussions to sell Freecharge, the mobile wallet platform owned by online retailer, separately at half the price for around $150-200 million, according to a Times of India report quoting sources. (more…)

Deals, eWallets, Hotnews, InspirAsia

April 6, 2017

332

596

532

India wants to make credit and debit cards obsolete for payments

By Mashable

Ever since India invalidated much of its cash, it has been encouraging its citizens to switch to mobile wallets and other epayment solutions. Today, it took another step in pushing its citizens to embark on the cashless payment solutions — but early boomers aren’t going to like it.  (more…)

Cashless, eWallets, Government activities, Mobile payments/banking

February 23, 2017

447

Alibaba’s Ant Financial extends global reach with first investment in the Philippines

By TechCrunch

Alibaba affiliate Ant Financial has again extended its global reach after it completed its maiden investment in the Philippines. (more…)

China, Deals, eWallets, Fintech news, Philippines

February 20, 2017

459

Paytm wants to pull an Alipay, will spend $90m on expanding QR code network

By TechInAsia

Paytm, India’s largest digital wallet, is going to spend US$89.6 million to help merchants across India accept digital payments using QR codes. (more…)

eWallets, Fintech news, India

February 20, 2017

532

PayPal moves into bill payments with TIO acquisition

By Finextra

PayPal is looking to steal a march on financial services firms in the underbanked bill payment space by acquiring North American processor TIO for $233 million. (more…)

Deals, eWallets, Fintech news, Payment processors/providers/gateways

February 16, 2017

372

Australian banks fight back over Apple Pay ‘fantasy’ claims

By Finextra

The group of Australian banks fighting it out with Apple over the introduction of the consumer electronics giant’s mobile payment system have narrowed down their complaint to the Australian Competition and Consumer Commission (ACCC) to focus solely on open access to the NFC function on iPhones. (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

February 14, 2017

737

From Asia to Africa: Why Wechat is a threat to Safaricom’s M-Pesa

By fabian lima for e27

M-Pesa changed the lives of underbanked Africans decades ago; Will Wechat Wallet drastically change the fintech landscape anew? (more…)

Analytics, eWallets, Fintech news, p2p-payments

February 9, 2017