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Stripe To Enter Singapore Market?

TECHINASIAStripe may be making its way to the Singapore market, if certain reports from local entrepreneurs are accurate. The US-based company that provides web and mobile payment methods to online businesses has seemingly been testing the waters in the area, where competing service Braintree has already established a presence. (more…)

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

April 6, 2015

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FacePay?

TECHCRUNCH: What if buying something was as easy as Liking it? You’d probably buy a lot more, and buy it through whoever made it so damn simple. Becoming that conduit for payments means more than racking up transaction fees. For the portal to purchase influences not just how you buy, but what. Today, purchases are fragmented, and so too is that influence. We buy online and offline. Cash, Credit, PayPal, and now Apple Pay. In turn, influence splinters into ads run on television, print, digital, billboards, and other channels. Whether we want something already or not, the ads are supposed make us more intent on actually spending our money. (more…)

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

April 6, 2015

MATHIASKING

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The Five Most Influential People In The Future Of Banking

Medium.com: The five most influential people in the future of banking: Brett King (CEO Moven, USA), Matthias Kröner (CEO Fidor bank, GER), Bank of Dave aka @FishwickDavid (UK), Piyush Gupta (CEO DBS bank, SG), Matteo Rizzi (General Partner SBT, Belgium) – the first two are founders of Life.SREDA’s portfolio projects.

(more…)

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

April 5, 2015

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Bill Gates: Can Mobile Banking Revolutionize The Lives Of The Poor?

THE VERGE: Guest editor Bill Gates. In the village of Sori along the banks of Kenya’s Lake Victoria, fishing has long been the lynchpin of the local economy. Jobs here are largely divided by gender: men catch the fish, and the women process the meat, take it to market, and handle finances. As detailed in a 2012 study from the SIT Graduate Institute, residents of Sori traditionally kept their money at home. Theft was a constant concern, and many of the women interviewed reported their husbands misappropriating their savings. For many, traditional banks were either too far away, or demanded minimum deposits the villagers could not afford. (more…)

Fintech news, Mobile payments/banking, news

April 3, 2015

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Apple and Alibaba Could Destroy The Banks

BUSINESS INSIDER: The world of payment technology may be a boring one for most people, but it’s difficult to avoid exposure to it. Whether paying for your morning coffee with contactless card, buying a new TV on eBay using PayPal or paying your rent through a mobile app payment systems are an ubiquitous part of modern life. (more…)

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

March 31, 2015

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Mobile Payment Startup MyCheck Raises $5M From Santander’s Innoventures Fund

TECHCRUNCHMyCheck, another startup that wants to make it easy to pay your restaurant bill using your mobile phone, has closed a $5 million Series B. However, perhaps more noteworthy is the company’s new backer: the Spanish bank Santander via its recently launched Santander Innoventures Fund. (more…)

Deals, Fintech news, Mobile payments/banking, news

March 29, 2015

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LifePay Launched Internet Acquiring And Lending Services

LifePay has launched 2 new products in its line: online acquiring and SME-lending for working capital (in a month they are launching POS-lending – when entrepreneurs sell their goods and services on credit – this model is used by FinanceIt) (more…)

Fintech news, Hotnews, Mobile payments/banking, p2p/online lending, POS/mPOS and online acquiring

March 27, 2015

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Amazon’s New Unlimited Cloud Storage Is Absurdly Cheap

WIRED: The steady march towards cheaper cloud storage has just turned into a sprint. Rather than being merely competitive with leaders like Google Drive, Dropbox, and iCloud, Amazon has decided to undercut their pricing by more than half. In some cases, much, much more. (more…)

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

March 26, 2015

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Google Will Reportedly Let You Pay Bills In Gmail Later This Year

THE NEXT WEB: Pretty much everyone gets their bills by email nowadays, but what if you could pay right from your inbox too? Google is apparently working on that, according to a report by Recode. The tool is currently dubbed Pony Express. It’s likely that won’t end up being the final name, but we can hope. (more…)

Fintech news, Mobile payments/banking, news

March 25, 2015

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ShopKeep Buys Payment Revolution, Adds Payment Processing To Its Point Of Sale Solution

TECHCRUNCH: ShopKeep (cash-register & mPOS) bought payment processor company Payment Revolution and is going to add payment processing to its current POS offer

(more…)

Deals, Fintech news, Mobile payments/banking, Mobile-first banks, POS/mPOS and online acquiring

March 25, 2015

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How Apple Pay Exposes Security Flaws In Banking

THE NEXT WEB: With Apple Pay coming out, it seems as if there is a whole new technology that has just been released. In reality, NFC payments have been around for a while, but Apple is the platform that has enough user adoption that will actually result in mass adoption. Thus far, we have seen just the start, with further tech such as the Apple Watch supplementing further growth. (more…)

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

March 24, 2015

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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

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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

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10 Major Trends of the 2014 Year

Vladislav Solodkiy, Managing Partner of Life.SREDA VC, highlights ten most interesting trends of 2014 year in FinTech industry.

(more…)

Columns, Mobile payments/banking, Mobile-first banks

March 19, 2015

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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

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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

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Balanced To Close Its Payment Platform, Strikes Transition Deal With Rival Stripe

TECHCRUNCH: The march of consolidation in the world of e-commerce has claimed its latest victim.Balanced, a payments platform for peer-to-peer marketplace businesses, is closing its doors after failing to grow fast enough, or as co-founder Matin Tamizi describes it, “reach the escape velocity necessary to be a large, innovative, independent player in the payments space.” The company, a Y-Combinator alum, has struck a deal with one of its longtime rivals,Stripe, to act as its transition partner for existing customers.

(more…)

Deals, Fintech news, Mobile payments/banking

March 13, 2015

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Battle For Mobile Payments: Guide to Digital Wallets

THE FINANCIAL BRAND: According to BI Intelligence, the consumer payments industry will process about $2.7 trillion of card-based payments in the US in 2015. This explains why there is a massive amount of mobile-centric innovation occurring in the payments space and why competition for the consumer’s wallet is so intense.

(more…)

Analytics, eWallets, Global trends, Mobile payments/banking, Mobile-first banks

March 10, 2015

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Apple Pay Now Accepted In Nearly 700K Locations

TECHCRUNCH: Apple CEO Tim Cook offered a quick update this morning on the rapid growth of Apple Pay. Apparently the company’s mobile payment technology is now supported by 2,500 card-issuing banks (up from only six when the product was announced in September), while the number of locations accepting Apple Pay has tripled to nearly 700,000.

(more…)

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

March 9, 2015

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Genius Who Built A Nuclear Fusion Reactor At 17 Takes On The Payments Industry

FAST COMPANY: Thiago Olson, a 25-year-old founder and CEO of payment company Stratos, is now the focus of attention of the American media because his company has released a plastic card that can replace all bank cards in your wallet. However, Olson is no stranger to media attention: he built a nuclear reactor in his house at age 17.
(more…)

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

March 4, 2015

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New Connected Credit Card Aims To Succeed Where Coin Failed

WIREDRemeber Coin, the credit card-sized gizmo that promised to streamline your wallet by consolidating all your other, actual credit cards? It raked in approximately a gazillion dollars in pre-orders when it debuted in November 2013, only to become another certified crowdfunding debacle, beset by delays and acrimony. Buyers were initially told it would ship summer 2014; the vast majority are still waiting. If nothing else, the saga proved that there is interest in a wallet-slimming wonder card. Now, those interested have another option to consider. Stratos is more or less the same concept as Coin, just with a slicker design and one other key advantage: Its creators claim it’s actually ready to ship. The question is whether or not it will be relevant once the payment world starts the shift to chip-enhanced cards this fall.

(more…)

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

March 3, 2015

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PayPal Buys Paydiant, The Mobile Wallet Behind CurrentC, To Raise Its Game v. Google + Apple

TECHCRUNCH:  PayPal, the payments service with 162 million users preparing to separate from e-commerce giant eBay later this year, is announcing an acquisition today to help build out its mobile business targeting physical merchants, and sharpen its focus in competition with other tech payment hopefuls like Apple and Google. It is buying Paydiant, a startup out of Boston that makes mobile wallet technology. That technology, in turn, powers payment apps for large business like Subway, Harris Teeter supermarkets, Capital One bank, and — perhaps most notably — MCX, a merchant-owned network that is developing a payment app called CurrentC.

(more…)

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

March 2, 2015

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Apple Pay Coming To Europe ‘By The End Of The Year’

WIRED UK: Tim Cook has told an employee at Apple Store Kurfürstendamm in Berlin that Apple Pay will be in Europe by the end of the year, and that he wears his Apple Watch in the shower, according to a report in French by Igen.fr. (more…)

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

February 26, 2015

BI

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The Payments Industry Explained: The Trends Creating New Winners And Losers In The Card-Processing Ecosystem

Business Insider: The payments industry had a huge year in 2014 and it’s showing no sign of slowing down. On the one hand tech giants like Amazon and Apple released new products that affirmed their long-term payments ambitions (Apple Pay and Amazon Local Register). On the other hand startups such as Stripe and ShopKeep continued to carve out market share, challenging older players like PayPal and VeriFone. (more…)

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

January 27, 2015