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2034

The hottest European fintech startups in 2015

EU-STARTUPS: In the last decade, there were a bunch of really successful fintech companies that started in Europe. Companies like Klarna, Adyen or Transferwise (to name just a few) changed the way we do payments or the way we transfer money overseas. By pursuing radical new concepts, these fintech startups became some of Europe’s most valuable companies within just a few years.

(more…)

eWallets, Fintech news, Mobile payments/banking, Mobile-first banks, news, p2p-payments, p2p/online lending, POS/mPOS and online acquiring, Remittances

July 10, 2015

1424

Singapore startup gets series B funding to do mobile payments in Africa and more emerging markets

TECHINASIA: Nearex, a mobile payments startup based in Singapore, yesterday announced it raised funds in a series B round led by Tata Capital Growth Fund. After it has gained traction across Africa, the startup is aiming to expand to other emerging markets.

(more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, news, POS/mPOS and online acquiring, Singapore, Vietnam

July 8, 2015

1068

How Widely-Accepted Are Mobile Payment Methods In China’s Brick-And-Mortar Shops?

TechInAsia: Mobile payment methods like Alibaba’s Alipay and Tencent’s Tenpay account for a huge portion of China’s online transactions. But do these new payment methods have the same kind of traction on offline shops and restaurants? Chinese tech news site Techweb recently conducted a survey of 1,607 businesses on a busy pedestrian street in Wuhan to find out. (more…)

China, InspirAsia, Mobile payments/banking

June 30, 2015

1441

Square Launches Payroll Product For Small Businesses, Pricing Starts At $25/Month

TechCrunch: Mobile payment startup Square has been gradually building out the products it offers to small businesses to position itself as a one-stop shop for their various front-of-house and back-office needs. Today sees the latest development on that theme: the company has launched Square Payroll, software for businesses to pay and track taxes and other costs for both hourly and salaried employees. The product, initially available only in California, is priced at $20 per month, with $5 per employee on top of that. (more…)

Fintech news, Mobile payments/banking, news, POS/mPOS and online acquiring

June 30, 2015

1125

Apple Pay £20 Limit In The UK Will ‘Change Over Time’

WIRED: Apple has detailed how Apple Pay will work when it lands in the UK next month in a post on its website aimed at merchants.  (more…)

Fintech news, Mobile payments/banking, news

June 24, 2015

2508

Revel’s iPad Point-Of-Sale Platform and Starbucks Mobile Ordering

TECHCRUNCH: Revel makes one of the leading iPad point-of-sales systems and was among the first to offer Apple Pay. Despite its focus on mobile payments, however, the startup is also trying to attract companies that are wary of handling financial transactions solely through wi-fi. To get more enterprises on board, Revel is launching wired ethernet connections, a move that it hopes will convince large retail businesses to replace their cash registers with iPads. (more…)

Fintech news, Mobile payments/banking, news

June 16, 2015

1033

Apple Pay To Land In The UK In July & Why Android Pay Will Succeed Where Google Wallet Failed

WIRED: Apple Pay, the payments service that allows for contactless payments in stores and one-touch payments in apps, is finally launching in the UK. (more…)

eWallets, Fintech news, Mobile payments/banking, news

June 8, 2015

1117

Brazil’s Nubank Raises $30M Led By Tiger To Build Out Its Mobile-Based Credit Card Business

TECHCRUNCH: Brazil is one of the world’s fastest growing mobile markets, with 90 million smartphones in circulation among a population of about 200 million, and today a fin-tech company that has focused on catering to that growing group of users has raised a significant round of funding.

(more…)

Fintech news, Mobile payments/banking

June 2, 2015

1482

Google Takes Another Shot At Mobile Payments With Android Pay

TECHCRUNCH:  At its I/O developer conference today, Google announced Android Pay, a new payments solution native to its mobile operating system. In addition to making it easier to pay at a merchant’s point of sale via NFC, the new system lets merchants integrate payments directly into their apps for selling physical goods and services using an Android Pay API rather than integrating a third-party provider like Venmo or PayPal. (more…)

Fintech news, Mobile payments/banking, news

May 28, 2015

1956

Mobile-Money Systems: M-PESA And Monese

The Economist: Paying for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money? (more…)

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

May 27, 2015

1344

Banks Gear Up To Piggyback On The e-Commerce Wave

E27.CO: With e-shopping on the rise, there is a paradigm shift in the traditional payments scene, giving a huge setback to banks’ fee income (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

May 26, 2015

1198

Hackers Steal Money From Starbucks Mobile Customers Using Linked Credit Cards

GeekWire:  The 16 million Starbucks customers who use the company’s mobile payment service may want to strengthen their log-in credentials and reconsider using the auto-load feature. Independent journalist and best-selling author Bob Sullivan reported on Monday that hackers recently stole money from several Starbucks customers by gaining access to their credit card information through the Starbucks app and using the auto-load function. (more…)

Fintech news, Mobile payments/banking, news

May 11, 2015

1322

Samsung’s Answer To Apple Pay Is Coming In The Second Half Of This Year

Business Insider:  Samsung will release Samsung Pay in the second half of 2015, according to statements made by Samsung Electronics managing director Park Jin-young obtained by Korean news site, WhowiredKorea. (more…)

InspirAsia, Korea, Mobile payments/banking

May 1, 2015

1411

PayPal Brings Its Instant Checkout Service “One Touch” Across The Web

TECHCRUNCH: PayPal is rolling out seamless, one-touch payments across the web, allowing customers to checkout from a merchant’s website without having to enter in their user ID and password again. The system, called One Touch for Web, is an expansion of PayPal’s earlier efforts on mobile. (more…)

Fintech news, Mobile payments/banking, news, POS/mPOS and online acquiring

April 28, 2015

1672

Industry Convergence In Financial Services Is Accelerating

TECHCRUNCH: These days everyone wants to create the next Uber for anything, and the word “disruption” is mentioned across boardrooms and management meetings in nearly all industries. But while discussing the true meaning of disruption and which fintech startups are worth keeping an eye on, incumbents are at risk of overlooking players that once were customers and partners that can quickly become new digital competitors. (more…)

Analytics, Global trends, Mobile payments/banking

April 27, 2015

1063

Apple Pay Coming to Best Buy Stores as Retailer Breaks Ranks From Walmart-Led Rival

RE/CODE: Best Buy is the first big-name U.S. retailer to break ranks with a Walmart-led Apple Pay competitor, announcing today that it will accept Apple’s digital payment system in its U.S. stores later this year. Best Buy has also started accepting Apple Pay as a payment method in its apps, Apple CEO Tim Cook first announced on an analysts call on Monday after the company issued its earnings report. (more…)

Fintech news, Mobile payments/banking, news

April 27, 2015

1101

2C2P Raises $7M To Bridge The Payment Gap In Southeast Asia

TECHCRUNCHPayments continue to be a huge issue in many parts of Asia and emerging markets. That’s why 2C2P, a Singapore-headquartered startup, has closed a $7 million Series C round to help solve the complexities across Southeast Asia. The round was provided by Hong Kong-based Amun Capital and GMO Venture Partners from Japan. It takes the startup at $40 million pre-money, and takes it to $10 million from investors to date. (more…)

Deals, Fintech news, InspirAsia, Mobile payments/banking, Singapore

April 27, 2015

With Lydia, Pay For Your Online Purchases Using Your Apple Watch

TECHCRUNCH: Step by step, Lydia is unveiling its product strategy to handle all your payments. When I last covered the French startup, it was still mostly focused on growing its user base by providing a Venmo alternative for French users. But now, Lydia also lets you pay on e-commerce websites, starting with PriceMinister. The app is now also available on the Apple Watch so that you can just tap on your watch notification to order something online. (more…)

Fintech news, Mobile payments/banking, news

April 24, 2015

The Twentysomething Brothers Behind a $3.6 Billion Payments Company

Inc.:  Sometimes the most stunning changes arise from the smallest of ideas. That’s the origin story of Stripe, the payments company that’s quietly eating the lunch of entrenched competitors in the $1.5 trillion global e-commerce payments industry. Founded in 2010 by wunderkind brothers John and Patrick Collison–serial entrepreneurs who hail from Limerick, Ireland–Stripe is making the digital payment process for smartphones and websites so pain-free, it’s practically invisible. (more…)

Fintech news, Mobile payments/banking

April 22, 2015

Payroll Startup Salarium Partners With Mobile Payment Firm PyxPay

E27.CO: Hong Kong-based payroll solution company Salarium has partnered with PyxPay, a mobile payment firm, in an attempt to increase its service offerings. With this, the former will have an e-wallet that can pay employees anywhere in the world. It also recently partnered with e-money providers in several ASEAN countries for local payments. (more…)

Fintech news, Hong Kong, InspirAsia, Mobile payments/banking

April 20, 2015

The Year Of Mobile Payments

TECHCRUNCH: Ask most people what the state of mobile payments is today, and they’ll tell you it’s just kicking off. With Facebook announcing the option to send money to friends via Messenger and the release of Apple Pay last year, 2015 has excitedly been dubbed “The Year of Mobile Payments.” Yet what most people don’t realise is that these services are already lagging 10 years behind. (more…)

Fintech news, Mobile payments/banking, news

April 19, 2015

Apple Pay Is Reportedly Launching In Canada This Fall

THE NEXT WEB: Apple Pay is gearing up to expand outside US borders. According to a report by the Wall Street Journal, the company is currently in talks with Canada’s six biggest banks (Royal Bank of Canada,Toronto-Dominion Bank,Bank of Nova Scotia,Bank of Montreal,Canadian Imperial Bank of Commerce and National Bank of Canada) in preparation for a potential November launch in the country. (more…)

Fintech news, Mobile payments/banking, news

April 18, 2015

Jawbone’s $200 UP4 Fitness Tracker Lets Amex Users Make Payments

THE NEXT WEB: Jawbone has announced that its new UP4 fitness tracker which monitors users’ activity, sleep, heart rate and also allows payments via American Express. The $200 wrist-worn device lets users with an eligible American Express Card connect their accounts with Jawbone’s app and tap the UP4 on a store terminal to pay for their purchases. (more…)

Fintech news, Mobile payments/banking, news

April 16, 2015

Mobile money: why isn’t the M-Pesa effect hitting more countries?

THE GUARDIAN: Access to financial services via mobile phones has proven to be a huge boost to development. Why aren’t more countries following Kenya’s success? (more…)

Fintech news, India, InspirAsia, Mobile payments/banking

April 16, 2015

Chinese Users Can Now Book And Pay For Karaoke Sessions Inside WeChat

TECHINASIAChina’s wannabe pop stars can now subject their friends to drunken renditions of Jay Chou tunes without carrying cash. WeChat, the popular messaging app owned by Tencent, announced yesterday it will incorporate karaoke services from inside the app. (more…)

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

April 10, 2015

1302

Debunking Myths Around Apple Pay Fraud

THE NEXT WEB: Last month David Bozin discussed how Apple Pay was highlighting crucial flaws in how banks deal with digital payments. This month, Judo CEO Dennis Jones explores fraud in m-payments and the myths surrounding it. (more…)

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

April 9, 2015

1319

Google Wallet Adds New Integrations With Shopify, Seamless, Dunkin’ Donuts And More

TECHCRUNCH: Google has been stepping up its game in mobile payments the last several months, buying Softcard’s point-of-sale tech and making some international advances for its money transfer service. Today it’s adding another crucial piece to mix: some key integrations with merchants and merchant platforms. Customers that use Android apps from Dunkin’ Donuts and Seamless, and merchants that build online stores through Shopify, will now all be able to access Google Wallet to make and accept quick payments. (more…)

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

April 9, 2015

1125

Indian E-Commerce Giant Snapdeal Buys Bill Payment Service FreeCharge

TechcrunchSnapdeal, the SoftBank- and eBay-backed online commerce company in India, has completed what it called “one of the biggest acquisitions in the history of the internet industry in India” after it announced the acquisition of online transaction service FreeCharge. (more…)

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

April 8, 2015

1053

BBVA Compass Goes Live With Real-Time Payments

Ben Milne in The Dwolla Blog: Real-time is here for everyone and there’s no turning back. It’s not just an idea. FiSync allows money to move like you’d expect it to: instantly. Dwolla’s FiSync protocol facilitates secure real-time payments that bypass traditional networks. Transactions initiated via FiSync are fast, secure, and available now through BBVA Compass. (more…)

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

April 8, 2015

Microsoft preps HCE-based mobile payments

FINEXTRA: Microsoft is preparing to follow Apple and Google into mobile payments, lining up the regulatory approvals needed for the launch of a host card emulation-based service. (more…)

Fintech news, Mobile payments/banking, news

April 7, 2015