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1577

Stripe Launches Major API Update To Help On-Demand Startups Go Global

THE NEXT WEB: Stripe, the payment company that’s quietly building the best way to pay people online, hastoday launched a major API update to its Connect API. The new API builds on what the company learnt from modern “platform” companies such as Instacart, Shyp and Lyft, that employ many ‘sellers’ to get their work done. (more…)

Fintech news, news

March 24, 2015

1909

OpenTable For Android Now Lets You Pay For Meals From Your Phone

VENTUREBEAT: Android users can now pick up the check for dinner with a little extra panache. Restaurant booking app OpenTable has long promised a mobile payments option, and today it’s coming to Android users.

(more…)

Fintech news, news, Pre-order services

March 24, 2015

3623

Skrill Bought by Rival Payments Provider Neteller for €1.1 Billion

FOREXMAGNATES:  Optimal Payments Plc (LSE: OPAY), the group behind the popular NETELLER payment solution, has just revealed it would buy rival Skrill Group (Sentinel Topco Ltd) for a sum of about 1.1 billion euros in order to expand its online services.  Skrill is one of the largest online pre-paid cards providers in Europe with its paysafecard brand. Its shareholders include CVC Capital’s Sentinel Group Holdings SA, Investcorp Technology Partners and others. Back in August 2013, CVC acquired a controlling stake in Skrill for €600m from Bahrain-based Investcorp.

(more…)

Deals, eWallets, Fintech news, Hotnews

March 24, 2015

1548

Square’s $Cashtags let you pay people and businesses anywhere easily via the Web

THE NEXT WEB: Square introduced Square Cash in 2013 to go against Venmo as an easy payment system anyone can use to send some money over to friends and families. Turns out companies liked the idea too, so Square has now made Cash available for businesses in the US. As with Cash for consumers, payments are deposited directly into bank accounts with an intermediary holding account. Square is charging businesses a 1.5 percent fee (value of transaction being limited to $250 per transaction and $2500 per month) for the service – just over half the 2.75 percent it charges for payments via its hardware devices. Non-business money transfers are still free. (more…)

Fintech news, news, p2p-payments

March 24, 2015

1726

Get ripped or die mining: How FitCoin can make you a BitCoin fortune at the gym

THE NEXT WEB: This year, the crown for digital currency novelty could go to a development studio based in Austin, Texas for its FitCoin app. While most other cryptocurrencies require some sort of ‘mining’ to generate the currency, FitCoin relies on fitness tracking. (more…)

Cryptocurrencies, Fintech news, news

March 23, 2015

1666

Golden Gate Ventures to raise $50m in second fund

DEALSTREETASIA: Early-stage fund Golden Gate Ventures (GGV) has upped its game in the venture capital space – raising around $50 million for its second fund. (more…)

Fintech news, Hong Kong, InspirAsia, news, Singapore

March 23, 2015

2547

Addressing last mile e-commerce logistics, payment issues in Indonesia

E27.CO: Echelon Indonesia to discuss measures needed to boost e-commerce in the island nation. Here’s what existing players are doing to build the ecosystem  (more…)

Fintech news, Indonesia, InspirAsia, news

March 23, 2015

2344

Disrupting Banking: The FinTech Startups That Are Unbundling Wells Fargo, Citi and Bank of America

CB Insights: Traditional banks are under attack from a number of emerging specialist startups. Here are the FinTech startups unbundling banking. (more…)

Analytics, Fintech news, Global trends

March 22, 2015

1797

Razorpay Offers Stripe-Style Payments Focused Squarely On Indian E-Commerce Plays

TECHCRUNCH: The rise of companies like FlipkartSnapdeal and Ola have put a spotlight on the e-commerce opportunity in India, where the growth of catchy businesses is being fuelled by consumer demand, improving Internet connectivity and generous VC funding. Now, a new startup called Razorpay — part of the current Y Combinator class — is hoping to ride that trend, by giving more startups and larger tech companies in the country the ability to make it easier to integrate payments into their services. (more…)

Fintech news, India, InspirAsia, Mobile payments/banking, news

March 22, 2015

1627

Online Lender Avant Acquires Debt Management Service ReadyForZero

TECHCRUNCH: Online lending platform Avant has acquired ReadyForZero, a Y Combinator-backed startup that helps consumers better manage their personal debit and credit using online financial software, the companies are announcing this morning. Financial terms are not being disclosed, but Chicago-based Avant had plenty of funds to play around with, having raised$334 million in equity capital, in addition to nearly a billion in debt.

(more…)

Fintech news, news, p2p/online lending

March 21, 2015

1335

Amazon Is Reportedly Working On a ‘Prime For Apps’ Subscription Service

THE NEXT WEB: While Amazon has worked hard to promote its Android app store, let’s face it: if you’re not on Fire OS, you’ll use the Google Play Store almost all the time. But it looks like Amazon may have a trick up its sleeve to get users onto its marketplace instead. According to a report by TechCrunch, based off apparently leaked documents, an Amazon ‘Unlocked’ subscription will provide a range of apps and related in-app purchases free of additional charge. TechCrunch describes it as Amazon Prime for apps. (more…)

Fintech news, news

March 21, 2015

2930

Exclusive: Russian VC Life.SREDA moving HQ to Singapore, targets $100m second fund

DEALSTREETASIARussia’s economic slump is set to boost the fledgling financial services technology (Fintech) startup ecosystem in Singapore and South East Asia. Moscow-based venture capital firm Life.SREDA, that focuses exclusively on investments in Fintech mobile and internet projects, is pivoting to Asia, and moving its corporate headquarters to Singapore, executives aware of the developments told DEALSTREETASIA. (more…)

Fintech news, Hotnews, InspirAsia, news, Singapore

March 20, 2015

1590

Amazon Loses Its General Manager Of Payments Following Wallet Shutdown

TECHCRUNCH: Amazon’s VP and General Manager of Payments, Matt Swann, who most recently oversaw initiatives including Amazon’s Square competitor called Local Register and Amazon Wallet, has left the company, TechCrunch has confirmed. The move comes shortly after Amazon shut down its beta version of Wallet in January amid mediocre reviews, and an increasingly competitive landscape where Apple Pay and Google Wallet now dominate.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news

March 20, 2015

1374

Chinese FinTech startup iMaibo is raising up to US$10M Series A

E27.CO: China’s iMaibo, a stock market app, has grown from 10,000 to 100,000 active daily users within nine months, brought on a new CEO and is looking to raise a Series A round of US$5-10 million (more…)

China, Fintech news, InspirAsia, news

March 20, 2015

1457

Intel Joins the Blockchain Technology Race, Forms Special Research Group

BITCOIN MAGAZINE: IBM and Intel establish departments on blockchain technology behind Bitcoin and other cryptocurrencies   (more…)

Cryptocurrencies, Fintech news, news

March 19, 2015

3164

Fundbox Raises $40 Million To Pay Invoices On Demand

TECHCRUNCHFundbox, a company that loans businesses money for outstanding invoice payments, has raised $40 million to grow its own business in the trillion-dollar alternative lending market. The Series B round was led by General Catalyst with participation from NyCa Investment Partners and help from existing backers Khosla Ventures, Shlomo Kramer and Blumberg Capital. (more…)

Deals, Fintech news, news, POS/mPOS and online acquiring

March 19, 2015

1419

Canada Needs 182,000 People To Fill These IT Positions By 2019

IT WORLD CANADA: Due to skills mismatch, demand-supply imbalances, an aging workforce and other factors, Canada is headed for a major technology talent shortage in the next five years. Canada needs 182,000 people to fill positions for information systems analysts and consultants, computer and network operators, Web technicians, software engineers and others in by 2019, according to an IT labour market report released this week.

(more…)

Fintech news

March 19, 2015

2057

WeChat Now Has 500 Million Monthly Active Users

TECHINASIA: Messaging app WeChat now has 500 million monthly active users (MAUs), parent company Tencent revealed today. The new figure for Q4 2014 is up from 468 million in Q3 last year, and up from 355 million at the end of 2013. (more…)

China, Fintech news, InspirAsia, news, p2p-payments

March 18, 2015

2879

Facebook Introduces Free Friend-To-Friend Payments Through Messages

TECHCRUNCH: When you chat with friends about settling debts or splitting the bill, Facebook doesn’t want you to have to open another app like PayPal or Venmo to send them money. So today it unveiled a new payments feature for Facebook Messenger that lets you connect your Visa or Mastercard debit card and tap a “$” button to send friends money on iOSAndroid, and desktop with zero fees. Facebook Messenger payments will roll out first in the U.S. over the coming months.

(more…)

Fintech news, Hotnews, Mobile payments/banking, Mobile-first banks, p2p-payments

March 18, 2015

1679

Ticketing Platform Peatix Bags US$5M In Series B Funding

E27.CO: Global online ticketing platform Peatix has raised US$5 million in Series B funding led by DG Incubation, the investment subsidiary of Digital Garage. SPH Media Fund, the corporate venture fund of Singapore Press Holdings and Japanese media company Sunny Side Up also invested in this round. Existing investors from the Series A round Fidelity Growth Partners Japan and Draper Nexus also participated in the round. (more…)

Deals, Fintech news, InspirAsia, Japan, news

March 17, 2015

1884

Rakuten To Put Its Bitnet Investment To Work And Accept Bitcoin Worldwide

TECHCRUNCH: Rakuten, Japan’s largest online retail firm, has announced that it will soon accept bitcoin across its global marketplaces. The company is putting its investment in Bitnet — a startup that raised $14.5 million last October — to work with this development. Bitnet, which was founded by ex-Visa execs and is rivaled by Coinbase and Bitpay, will initially be integrated into Rakuten’s U.S. marketplace to allow customers to pay in BTC.

(more…)

Cryptocurrencies, Fintech news, InspirAsia, Japan, news

March 17, 2015

1278

Xiaomi To Offer Financial Services Direct Through Its Smartphones

Channel NewsAsia: Xiaomi has added a function that allows users to buy money market fund offered by mutual fund manager Efund. The service competes directly with similar products offered by Alibaba and Tencent. (more…)

China, Fintech news, InspirAsia, news

March 17, 2015

1312

5 Things You’ll Learn In Ideo’s New Online Innovation Class

FAST COMPANY: Think you’re not creative? The innovation gurus at Ideo beg to differ. The design firm argues that anyone can unleash an inner creative genius through certain methods—the same methods that Ideo uses on its own projects. A new series of online classes calledIdeo U shares those techniques with the world. (more…)

Fintech news, news

March 17, 2015

1377

Bankjoy Is Building A Modern-Day Mobile Banking App For Use By Credit Unions And Smaller Banks

TECHCRUNCH: Thanks to startups like Simple, which was acquired by financial services organization BBVA last year, banking customers got a look at what a modern-day web and mobile banking experience looks like, with features like goal-setting tools, automated categorization of expenditures, real-time notifications of new charges pushed to your mobile phone, the ability to block a lost or stolen card right from the mobile app, and more. Now, a new startup called Bankjoy wants to bring a similar experience to other, smaller banks with a white-labelled product and accompanying API platform that’s initially being aimed at credit unions. (more…)

Fintech news, Mobile payments/banking, Mobile-first banks, news

March 16, 2015

1570

Watch Alibaba’s Jack Ma Demonstrate Face Recognition-Enabled Payments

TECHINASIA: Yesterday at Cebit in Hanover, Alibaba founder Jack Ma took the stage to wax philosophical on entrepreneurship and the future of technology. While he oozed charisma on stage, the real treat came at the end of his address. After noting how online payments can sometimes be troublesome, the founder took out his smartphone and paid for a set of stamps on Alibaba using face-recognition technology (more…)

China, Fintech news, InspirAsia, news, p2p-payments

March 16, 2015

1479

Secure Messaging App Wiper Adds Bitcoin Support, Gets Yanked In China

TECHCRUNCH: Wiper, a chat application designed to provide users with control over their sent and received messages, recently rolled out support for bitcoin transactions between its users. The tool is simple, allowing individuals to send cryptocurrency to others inside the app’s main chat interface. But CEO Manlio Carrelli told TechCrunch that Wiper was “removed from the iOS App Store in China due to violating that app store’s policies,” and that “Apple [had] explained to [the company] by phone that this violation was related to Wiper enabling bitcoin payments.” (more…)

China, Cryptocurrencies, Fintech news, InspirAsia, news, p2p-payments

March 15, 2015

1526

With $3M In Funding, Honest Dollar Hopes To Make Retirement Plans Affordable For SMBs

The article about Honest Dollar (retirement plans for SME employees)

(more…)

Fintech news, news

March 15, 2015

1295

Pebble Time Kickstarter Drew 167% More Money Per Hour The Day After Apple’s Event

TECHCRUNCH: The Pebble Time Kickstarter gained some momentum thanks to Apple’s special Watch event Monday. The new smartwatch from the smartwatch pioneer was drawing in funding at a rate of around $6,000 per hour on Sunday, March 8, which rose to $10,000 per hour on Monday, March 9 (when the event took place), and capped out at $16,000 per day on average during March 10, the day following Apple’s press presentation.

Pebble CEO and founder Eric Migicovsky told former Y Combinator lead and investor Paul Graham that interest in Apple’s media event had a doubling impact on the rate of its ongoing crowdfunding campaign, but in fact the numbers reveal it more than doubled, and in fact almost tripled in the extended wake of the announcement. (more…)

Crowdfunding/investing, Fintech news, news

March 14, 2015

2203

BeamAndGo Is A Remittance Service For Filipinos That Guards Against Misspent Funds

TECHINASIA: Cash remittances from overseas Filipino workers (OFWs) have proven to be a crucial lifeline for their families back home. Yet BeamAndGo founder Mariliese Tan believes there’s a better way to support these families other than cash: digital gift certificates.

(more…)

Fintech news, InspirAsia, news, p2p-payments, Philippines, Remittances

March 13, 2015

1729

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