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The ‘Socialization’ of Financial Services

By Elena Mesropyan for LTP

Peer networks play an important role in delivering financial services nowadays, bringing the element of social into traditionally corporate-dominated industries. (more…)

About, Global trends, Mobile payments/banking, p2p-payments, p2p/online lending

January 23, 2017

Alternative payments are a ‘victim’ of Brexit

By Kirsty Tull for PaymentsSource

As Brexit starts to pick up steam in the coming year, the the impact on banks and the payment processing industry remain to be seen and will likely be far reaching.

(more…)

Global trends, Government activities, Mobile payments/banking, p2p-payments

January 23, 2017

SatoshiPay Raises £640K in Funding

By FinSMEs

SatoshiPaySatoshiPay Ltd, a London, UK-based private nanopayment software and blockchain company, raised £640k in funding.

Blue Star Capital plc (AIM: BLU) made the investment. (more…)

Blockchain, Cryptocurrencies, Deals, Fintech news, Mobile payments/banking

January 21, 2017

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China’s fintech industry shows where the rest of the world is heading

By  for TechInAsia

“We need banking but we don’t need banks anymore,” said Bill Gates two decades ago, predicting the explosion in startups creating web and app-based financial services that we’re seeing right now. With nearly US$11 billion last year invested into so-called fintech startups across Asia, the sector is rivaling online shopping and ride-hailing among the hottest tech arenas. (more…)

About, China, Credit scoring, Fintech news, Insurance, Marketing Report, Mobile payments/banking, Mobile-first banks, p2p/online lending

January 21, 2017

Payments startup Dwolla raises $6.85M more, debuts Access API

By  for TechCrunch

Some news today from Dwolla, the startup that competes with banks (but also works with them) to provide payments and money transfers with reduced fees by way of more efficient software. The company has raised another round of funding of $6.85 million, and at the same time it’s announcing the relaunch of its white-label API, which it is now calling Access API. (more…)

Deals, Fintech news, Mobile payments/banking, p2p-payments, Remittances

January 21, 2017

BMO Harris Bank goes all in on mobile payments

By Finextra

BMO Harris Bank today announced the release of BMO Harris Bank Masterpass, Android Pay and Samsung Pay digital wallets for select BMO Harris Bank credit and debit cards.  (more…)

Banks, eWallets, Fintech news, Mobile payments/banking

January 20, 2017

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Banking Future is in Digital Channels and UX Strategy, Not in Marketing

By Albert Pumpur for Finextra

2016 has just ended and 2017 has started. For most of the companies that means new strategic plans for possibility to grow in future. Banking industry is no exception. New year, new me or even better me applies for them too. Inside board meeting rooms C-level executives set new KPI’s and plan improvement on existing ones. Mid-level executives have to obey these plans.  Executives must be happy to get that yearly bonus. (more…)

Banks, Fintech news, Global trends, Mobile payments/banking

January 17, 2017

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CashLess Payments to Drive LessCash Payments

By Vinod Sharma Finextra

Abstract – Essentially, digital cash mimics the functionality of paper cash. The elimination of physical cash from economy is feasible is purely a technological perspective or assumption. Our hard earned money and investments disappear into a labyrinth of financial instruments so mysterious that “money” almost becomes more of an idea than a tangible reality. (more…)

Banks, Cashless, Fintech news, Mobile payments/banking, p2p-payments

January 17, 2017

Google Assistant Could Soon Support Payments

(more…)

Bots, Cashless, Mobile payments/banking

January 17, 2017

Thiel backs French biz banking startup Qonto

By Finextra

With a slate of stellar investors onboard, Qonto, a French digital business banking service for entrepreneurs and startups, is gearing up for launch. (more…)

Fintech news, Mobile payments/banking, SME

January 17, 2017

Millennials Boost Mobile Payment Use in 2016 – Infographic

By LTP

A new infographic by Gray Owl Network shows that millennials boosted mobile payment use in 2016: (more…)

Fintech news, Marketing Report, Mobile payments/banking

January 16, 2017

Opportunities for Financial Inclusion in Asia

By LTP

Financial inclusion is one of the most complex problems equally damaging for economies and populations in every corner of the world. While the scale may vary in developing and developed countries, for every government, it remains one of the top issues standing in the way of society’s resilience to hardships and opportunities. (more…)

Analytics, Global trends, InspirAsia, Mobile payments/banking

January 16, 2017

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Mobile Banking Gives a Big Boost To Kenya’s Poor

By Melvin Konner for The Wall Street Journal

Globalization and unrestrained technological change have plenty of critics, as the election in November amply showed. Many of my fellow anthropologists say that the positive effects of these twin trends have greatly benefited China but have left behind most of the global poor. A study conducted in Kenya and published in the journal Science in December tells a different story. (more…)

About, Fintech news, Mobile payments/banking, p2p-payments

January 14, 2017

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Top 10 Fintech (Startups) in Malaysia

By

Striving to establish itself as a prominent fintech player, Malaysia has committed to provide clear guidance and regulation to the new, innovative products and business models entering the financial services industry. (more…)

About, Blockchain, Crowdfunding/investing, Fintech news, Malaysia, Mobile payments/banking, Payment processors/providers/gateways

January 14, 2017

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Hottest FinTech Trends for 2017

By YapStone for LTP

When the media talks about FinTech, more often than not, the leading headline is a bold statement, like “the FinTech revolution,” or “the big bank disruption,” and it’s easy to see why. Dubbed by the Economist as a “magical combination of geeks in T-shirts and venture capital,” the growth and influence of FinTech have been rapid. (more…)

AI / Machine Learning / Big Data, eWallets, Fintech news, Global trends, Mobile payments/banking, Security

January 14, 2017

Fintech Philippines Infographic

By 

Check out our newest Fintech Philippines Infographic.  Also check out separate Fintech Philippines Startup Report and our Fintech Philippines Startup List. (more…)

Analytics, Blockchain, Crowdfunding/investing, Fintech news, Mobile payments/banking, p2p/online lending, PFM/PFP services

January 13, 2017

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Banks will suffer for using consumer platforms for small biz bill pay

By Sanjeev Kriplani for PaymentsSource

For banks that serve small and medium-sized businesses, the opportunity is especially great. But to realize it, banks must deploy easy to use, SMB-specific, mobile-friendly business banking experiences – an undertaking that’s not as simple as it may seem.

(more…)

Analytics, Banks, Mobile payments/banking, SME

January 13, 2017

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YES Bank introduces chat bot for instant loan offering

By Finextra

India’s YES Bank has partnered with Silicon valley-based Gupshup to develop a banking chat bot for its loan product. (more…)

Banks, Bots, Fintech news, India, Mobile payments/banking

January 13, 2017

Fintech in India: 4 reasons UPI makes transactions more secure and convenient

By Rohit Taneja for e27

One technology that has emerged of late goes by the name of Unified Payments Interface or UPI. It has become pretty popular recently in the news in India, although most consumers have not been able to experience the revolution and the magic moment that comes along when paying through UPI. (more…)

About, Banks, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

January 12, 2017

PhonePe digital wallet has big goals beyond parent Flipkart

By  for TechInAsia

Mobile payments startup PhonePe, which Flipkart bought last year, has set its sights high this year.

In the process of launching the country’s first Unified Payments Interface-supported wallet for iOS, the startup is already aiming for a 100 million downloads by the end of 2017. (more…)

eWallets, Fintech news, India, Mobile payments/banking

January 11, 2017

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FinTech Story: Hits and Misses From 2013 to 2016 and the Way Forward

By Amit for LTP

We have watched 35+ FinTech segments through the ups and downs every single day in the last 3.5 years at LTP. We developed a lot of listening tools and an army of analysts to catch everything in FinTech like a radar. Somebody told us that we have one of the biggest team of FinTech market analysts and that could very well be true. In 2016, we developed MEDICI from the data that we collect, and that contains 6000+ FinTech startup profiles and research across segments. It’s my pleasure to share what we learned about FinTech shift by analyzing some of the data and also talking to hundreds of entrepreneurs and FIs in-person in the last couple of years.  (more…)

China, Cryptocurrencies, India, Mobile payments/banking, RegTech, Security

January 10, 2017

Two former bankers just built an app for migrant workers

By  for TechInAsia

Of the millions of expats in oil-rich United Arab Emirates, the majority are blue-collar workers from countries like India, Pakistan, and Bangladesh. They work in shipping, construction, and retail, making significant contributions to the property and housing boom in the wealthy Gulf emirate. (more…)

eWallets, Fintech news, Mobile payments/banking, Remittances

January 9, 2017

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Xiaomi-Backed Online Bank Opening In China Soon

A Xiaomi Inc.-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. (more…)

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

December 28, 2016

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PaidUp helps Philippine SMEs crowdfund working capital from customers

By Sainul Abudheen K for e27

PaidUp is the story of a journalist who came to the Philippines to do a feature on social entrepreneurs; Eventually, he became an entrepreneur himself (more…)

Fintech news, Mobile payments/banking, Pre-order services, SME

December 28, 2016

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Payment companies eye Africa’s regional pain points

By Cheryl Winokur Munk for Payments Source
Though cash remains the most prevalent form of payment in Africa, some companies are setting the wheels in motion for a much-anticipated e-commerce revolution.

(more…)

eWallets, Fintech news, Mobile payments/banking

December 28, 2016

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Mobile Payments: The Merchants Dilemma

By Arnab Sengupta for Finextra

Where we are today

Things have not really caught up since the launch of Apple Pay and the subsequent introduction of Samsung Pay in the market. (more…)

About, Analytics, Mobile payments/banking, POS/mPOS and online acquiring

December 27, 2016

Here’s what Southeast Asia can learn from India’s tryst with cashlessness

By Adhil Shetty for e27

When we talk about the future of money, we invariably come to discuss the merits and demerits of going cashless. It’s perhaps a science-fiction-like scenario wherein all your transacting needs are taken care of by a few taps on your smartphone. (more…)

Cashless, Global trends, India, InspirAsia, Marketing Report, Mobile payments/banking

December 27, 2016

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Atom Tickets app to add Chase Pay

By Kate Fitzgerald for Payments Source

Atom Tickets, a Santa Monica, Calif.-based mobile movie ticket app maker, will enable users to pay via Chase Pay early next year, as JPMorgan Chase & Co. spreads its digital payments solution beyond brick-and-mortar merchants. (more…)

eWallets, Fintech news, Mobile payments/banking

December 26, 2016

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iPayYou Enables Bitcoin Payments to Starbucks’ Official App

By Rebecca Campbell for CryptocoinsNews

Seattle-based bitcoin wallet iPayYou has announced the launch of Bitcoin Direct to Starbucks, giving users and coffee lovers a new and easy way to pay with the digital currency. (more…)

Cryptocurrencies, eWallets, Fintech news, Mobile payments/banking

December 24, 2016

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The 7 Hottest Fintech Startups and Solutions in Vietnam

By

Vietnam is a very Internet-connected country, and with the increasing penetration of smartphones there is a wealth of opportunity for online businesses, digital agencies and application developers. (more…)

About, AI / Machine Learning / Big Data, Cryptocurrencies, eWallets, Marketing Report, Mobile payments/banking, Mobile-first banks, PFM/PFP services, Remittances, Vietnam

December 22, 2016