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694

10 digital wallets in India 2018

The world banking and financial transactions have seen a sudden change in the way people make payments which are majorly due to the use of online payment gateway. This has become even more convenient with the use of Mobile apps. The e-commerce has laid a strong requirement along with many others which have made many people not just trust these apps but frequently use them. The online payments which required the use of credit card or debit card details are now replaced with these wallets which keep their own balance and directly make payments without having to look for additional information. (more…)

eWallets, Fintech news, Global trends

May 20, 2018

495

Revolut expands payments feature to friends nearby

By Revolut

Sending and requesting money is one of the most popular features among Revolut users, and we’ve just made it even better. (more…)

eWallets, Fintech news, Global trends, Hotnews, Mobile-first banks

May 16, 2018

E-wallet acceptance startup Gate closes $3.2m seed round

By Gate.

Today, universal eWallet acceptance startup GATE (Global Acceptance Transaction Engine), formerly TokenID, Inc., announced the closing of $3.2M in seed funding. (more…)

eWallets, Global trends

April 6, 2018

663

Mobile wallet growth in India

It seemed next to impossible when the thought of digitalizing the economy floated the market. India has always been a budding market and even today the country enjoys 97% of its transaction in cash. The situation was put to test in the market when the whole country which was banking on cash was forced to depend on other avenues as 86% of the cash in the market was withdrawn overnight. (more…)

eWallets, InspirAsia, Mobile payments/banking

March 14, 2018

845

TransferWise begins private launch of its consumer borderless account and bright green debit card

By Steve O’Hear for Techcrunch

Money transfer company TransferWise has begun a private launch of its “Borderless account” for consumers. It marks the first time the European unicorn has offered a debit card (pictured below), a move that is bound to draw further comparisons with newer fintech upstarts such as Revolut. (more…)

eWallets, Global trends, Hotnews, Remittances

January 9, 2018

Target launches mobile wallet

Following in the footsteps of Walmart and CVS, Target has become the latest American retail giant to launch its own mobile payments service. (more…)

eWallets, Fintech news, Global trends, Hotnews

December 5, 2017

755

Digital challenger bank Revolut’s applying for a European banking licence

Digital challenger Revolut is seeking to become an official bank, applying for a licence from the European regulator. (more…)

eWallets, Fintech news, Hotnews, Mobile-first banks

November 7, 2017

669

Fintech solutions startup Jirnexu nets $2m in pre-series B funding

By Jack Ellis for Tech in Asia

Kuala Lumpur-based fintech startup Jirnexu today announced that it has raised US$2 million in pre-series B funding. Japanese financial services company SBI Group led the investment, with existing backers Celebes Artha Ventura from Indoensia and Cento Ventures from Singapore also taking part. (more…)

eWallets, Fintech news, Global trends

October 26, 2017

741

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

1131

Jack Ma’s Alipay takes on WeChat’s ‘instant apps’

By Eva Xiao for Tech in Asia

In China, smartphone apps have never felt more obsolete. WeChat, China’s most popular messaging app, hosts an overwhelming number of services inside itself: food delivery, ride-hailing, live streaming, and more. Now, China’s leading mobile payment app, Alipay, is trying to kill off apps too. (more…)

eWallets, Global trends, Hotnews, p2p-payments

September 8, 2017

1113

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

717

PayPal launches its first cash back credit card to boost PayPal usage in stores

By Sarah Perez for TechCrunch

PayPal is today launching a new credit card, the PayPal Cashback MasterCard – its first card to offer shoppers direct cash back on purchases, instead of points that vary by category. The card, introduced in partnership with Synchrony Financial, will offer 2 percent back on purchases, with no annual fee, no minimum redemption amount, no restrictions on how to spend cash rewards, and no expiration, the company says. (more…)

eWallets, Global trends, Hotnews, Payment processors/providers/gateways

August 31, 2017

686

699

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

828

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

1198

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

1012

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

1346

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

1215

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

969

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

865

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

1326

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

987

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

2210

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

1172

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

1036

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

918

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

1051

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

887

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

1194

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