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French cashless payment startup PayinTech raises €2.5 million

By TechInAsia

French fintech startup PayinTech, a wearable payment solution focusing on the tourism and leisure sector, announced that it has raised €2.5 million. The round was led by Caisse des Dépôts, which invested €2 million, with participation from previous investors Fa Dièse and CapDecisif. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 28, 2017

Payments transformation: How banks can innovate to stay relevant – A Banking Byte event

By Finextra

The payments landscape is changing profoundly and all banks recognise that their payments strategies and technology stacks need to change in response. The drivers for transformation are clear: regulation, notably the revised Payment Services Directive (PSD2), changing customer behaviour, and rapidly evolving technology.  (more…)

Fintech news, Government activities, Open Source/ API, Payment processors/providers/gateways

February 28, 2017

PayThink Blockchain can save banks in the ‘faster payment’ race

By Anil Das for Payments Source

Financial institutions are in a predicament as demand for fast payment services is clearly growing, among consumers and merchants alike, and is aggressively being fulfilled by fintechs.

(more…)

Analytics, Blockchain, Fintech news, Payment processors/providers/gateways

February 16, 2017

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PayPal moves into bill payments with TIO acquisition

By Finextra

PayPal is looking to steal a march on financial services firms in the underbanked bill payment space by acquiring North American processor TIO for $233 million. (more…)

Deals, eWallets, Fintech news, Payment processors/providers/gateways

February 16, 2017

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Saxo Payments introduces virtual Iban service

By Finextra

Building on its already successful and award winning Banking Circle platform, Saxo Payments is launching Banking Circle Virtual IBAN.  (more…)

Fintech news, Payment processors/providers/gateways

February 14, 2017

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Mint Payments completes $6 million placement

By Finextra

Payments technology solutions provider Mint Payments (ASX: MNW) (Mint or the Company) has successfully completed a placement of new shares to drive its aggressive expansion into South East Asia’s evolving payments landscape. (more…)

Deals, Fintech news, Payment processors/providers/gateways

February 11, 2017

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Adyen reports 80% growth in pyment volumes

By Finextra

Adyen, the leading payments technology company, today announced the company increased transaction volume 80 percent year-over-year, totaling $90 billion in 2016.  (more…)

About, Fintech news, Payment processors/providers/gateways

February 9, 2017

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Ant Financial is raising US$3B in debt to fund M&A deals: Bloomberg

First By Yon Heong Tung appeared at e27

The news comes right on the heels of its first acquisition in a US-listed company, Moneygram (more…)

China, Deals, Fintech news, Payment processors/providers/gateways

February 9, 2017

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SIX issues mobile credit card in Austria

By Finextra

SIX Payment Services has issued a SIM-based virtual credit card for making mobile payments in Austria. (more…)

Credit/Debit/Prepaid cards, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

February 4, 2017

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One Of The Biggest B2B FinTech Funding Weeks In Months

It was one of the biggest weeks for B2B FinTech investment in months. Alternative lending, eProcurement and cross-border payments innovators all saw impressive activity (though several funding values remained private), and one single startup raised $165 million — more than the rest of the eight other funding rounds this week combined. (more…)

Deals, Fintech news, Mobile payments/banking, Payment processors/providers/gateways

February 3, 2017

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Bank of America Merrill Lynch expands ACH payments capabilities on CashPro

By Finextra

Bank of America Merrill Lynch, a leader in global transaction services, has announced that it has substantially increased its international payments capabilities via the bank’s online and file-based banking portal, CashPro®.  (more…)

Banks, Fintech news, Payment processors/providers/gateways

February 3, 2017

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Fintech startup LatiPay raises US$3M from Jubilee Capital, others to expand to Singapore, US

By Sainul Abudheen K for e27

LatiPay allows Chinese consumers to pay for goods and services using Yuan whilst merchants receive full payment for goods or services direct to their local bank account in their local currency (more…)

China, Deals, Fintech news, InspirAsia, Payment processors/providers/gateways

February 1, 2017

IMAGE DISTRIBUTED FOR JP MORGAN CHASE - Jamie Dimon, JP Morgan & Chase Co. Chairman and CEO, discusses the impact of The Fellowship Initiative, Monday, June 23, 2014, at JPMorgan Chase Headquarters in New York. The expanded Fellowship Initiative enrolls young men of color in Chicago, Los Angeles, and New York City in a multi-year hands-on enrichment program that includes academic, social and emotional support.  (Photo by Diane Bondareff/Invision for JPMorgan Chase/AP Images)

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What the JPMorgan-Intuit Partnership Means for the Digital Financial Ecosystem of the Future

By LTP

Last Wednesday, JPMorgan Chase and Intuit announced that they had found a solution for the “perilous” sharing of banking data through the use of APIs (application programming interfaces). The agreement will allow JPM’s customers to access their account information and plug it into QuickBooks, Mint, and TurboTax financial management applications without having to hand over their bank passwords. (more…)

About, Banks, Fintech news, Payment processors/providers/gateways

January 31, 2017

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Ingenico to acquire Indian payment processor TechProcess

By Finextra

Ingenico Group announced today it has reached an agreement in principle to acquire 100% of TechProcess Payment Services Ltd (“TechProcess”), a leading Indian electronic payments services provider from its current shareholders (major global and Indian investors).  (more…)

Deals, Fintech news, India, Payment processors/providers/gateways

January 31, 2017

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Singapore’s FinTech Industry Is on the Way to Global Leadership

By Elena Mesropyan for LTP

“Singapore has established an enviable position as a leading Asian financial technology center with an exciting innovation ecosystem, a great talent pool and fantastic infrastructure. It also boasts a business-friendly environment so it was therefore an obvious winner when considering locations for new headquarters for our global operations,” said, Yoshio Tomiie, Head of Commerce at Senjō Group, a privately held investment firm, at the unveiling of the company’s new global HQ in Singapore. (more…)

AI / Machine Learning / Big Data, Blockchain, Crowdfunding/investing, Cryptocurrencies, Financial Markets / Trading, Fintech news, Hotnews, Insurance, Mobile payments/banking, p2p/online lending, Payment processors/providers/gateways, RegTech, Remittances, Security, Singapore

January 26, 2017

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7 Fintech Startups in India to Know

By

With more than 400 companies including 200 startups, India has quickly emerged as a fintech products hub. In 2015, these ventures attracted US$420 million in funding, according to a report by the National Association of Software and Services Companies (NASSCOM). (more…)

Fintech news, India, Insurance, Marketing Report, Mobile payments/banking, Payment processors/providers/gateways

January 25, 2017

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TransferTo and Wirecard team on white label remittance package for MMOs

By Finextra

TransferTo, leading cross-border B2B mobile payments network, and Wirecard, Europe’s leading specialist for payment processing and issuing services have teamed up to offer a white-label mobile-to-mobile remittance service. (more…)

Fintech news, Payment processors/providers/gateways, Remittances

January 24, 2017

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If you can’t beat them, buy them: Net1 acquires stake in Bank Frick

By Finextra

Nasdaq-listed mobile payments outfit Net1 has agreed a deal to acquire a 30% stake in Lichtenstein-based Bank Frick, providing a new reverse buy-out model for co-operation between fintech firms with technological know-how and incumbents seeking to develop new digital business strategies. (more…)

Banks, Deals, Fintech news, Payment processors/providers/gateways

January 24, 2017

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Turkish payment provider iyzico secures $13 million to expand in Europe and Middle East

By  for tech.eu

Turkish fintech startup iyzico has raised $13 million in a Series C round, led by Vostok Emerging Finance, to boost its push into Europe and the Middle East. (more…)

Deals, Fintech news, Payment processors/providers/gateways

January 21, 2017

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Rabobank readies for real-time payments

By Finextra

Rabobank is preparing for the advent of European real-time payments with the implementation of a new payments hub from ACI Worldwide. (more…)

Banks, Fintech news, Payment processors/providers/gateways

January 20, 2017

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Banks can counter fintech-friendly EU rules by embracing third party innovators

By Kirsty Tull for PaymentsSource

As we move toward the mandated adoption date for the Payment Services Directive 2 (PSD2), we can expect to see significant shifts within the payments industry.

(more…)

Banks, Fintech news, Government activities, Payment processors/providers/gateways

January 18, 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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Payment Rails heads into public beta

By Finextra

Payment Rails, a cloud technology platform that enables businesses to send payments to any individual or company anywhere around the world, today announced their beta launch.  (more…)

Fintech news, Payment processors/providers/gateways

January 13, 2017

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Rakuten moves into European banking market

By Finextra

Japanese e-commerce conglomerate and prominent fintech investor Rakuten is to launch a commercial banking operation in Europe from its Luxembourg headquarters. (more…)

Blockchain, Deals, Fintech news, Japan, Payment processors/providers/gateways

January 12, 2017

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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

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India: Fintech is no more the new kid on the block

By Vivina Vishwanathan for Deal Street Asia

Year 2016 was not as glamourous as 2015 was for fintech in terms of interest from investors. According to start-up data analytics provider Tracxn, investments in 2016 were $484.79 million, compared with $1.18 billion in 2015. One of the reasons is that the 2015 numbers include money raised by Paytm in 2015. (more…)

Analytics, Cryptocurrencies, Deals, eWallets, India, Payment processors/providers/gateways

December 28, 2016

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Payments 2016: The Year Of Clarity For The Payments Sector

By PYMNTS

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. (more…)

Fintech news, Global trends, Marketing Report, Payment processors/providers/gateways

December 26, 2016

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Y Combinator-Backed Nigerian FinTech Startup Paystack Closes on $1.3M Seed

By LTP

San Francisco, USA – Monday 19 December 2016 – FinTech startup, Paystack, announced that it had closed on a seed investment of $1.3M from international investors Tencent, Comcast Ventures and Singularity Investments, with participation from Spark, M&S Partners, Tokyo Founders Fund, Blue Rinc Capital, Pave Investments, KIBS-CFY Partners, Michael Siebel, Justin Kan, Olumide Soyombo, Leonard Stiegeler and a number of Angels. (more…)

Deals, Fintech news, Payment processors/providers/gateways

December 26, 2016