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626

Spending tops $20 trillion on global card networks in 2016 – Infographic

By Alex Rolfe for Payments Cards And Mobile blog

Global card purchase volume for goods and services, which excludes cash advances on credit cards and cash withdrawals on debit cards across the global card networks, grew by 5.8% to $20.606 trillion in 2016, according to The Nilson Report. (more…)

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

May 22, 2017

382

This Startup Wants to Modernize Public Finance

By Fortune

When the city of Lawrence, Kan. wanted to borrow $650,000 to pay for a new fire truck for its local fire department, it didn’t use traditional banks and bonds to borrow money. Instead it turned to Silicon Valley upstart Neighborly, a two-year old marketplace that connects cities with investors to fund civic projects like schools, parks, and bridges. (more…)

Government activities, Payment processors/providers/gateways

May 16, 2017

318

Alipay teams up with First Data to increase US presence

By Sheila Yu for TechNode

Alipay recently announced a partnership with America’s First Data Corp, in its latest efforts to expand its presence in overseas mobile payment market. (more…)

Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways

May 9, 2017

311

Omise joins hands with Alipay: E-commerce firms can now accept payments from Chinese buyers in Thailand

By e27

As per Tourism Authority Thailand, 9.8 million Chinese citizens are expected to visit Thailand in 2017, which accounts for up to 30 per cent of the US$75 billion spent by foreign tourists (more…)

Global trends, Hotnews, Payment processors/providers/gateways

May 9, 2017

331

Alipay rumored to launch mini-app feature soon

By Sheila Yu for TechNode

Alipay, the online and mobile payment platform operated by Alibaba’s Ant Financial, is rumored to be launching its mini-app function next week, competing head-on with WeChat’s mini-app feature. (more…)

Fintech news, Hotnews, InspirAsia, Payment processors/providers/gateways

May 4, 2017

506

Vantiv to Acquire Paymetric

Vantiv, Inc. (VNTV), a leading provider of payments processing services and related technology solutions for merchants and financial institutions, announced today its agreement to acquire Paymetric, a portfolio company of Francisco Partners. (more…)

Deals, Global trends, Payment processors/providers/gateways

April 26, 2017

481

DBS and OCBC push QR codes for mobile payments

Singaporean banks DBS and OCBC are to introduce QR code-based payments at offline stores in a joint project with national payments processor Nets. (more…)

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

April 26, 2017

505

Dwolla and Plaid team on tokenised ACH payment integration

Today, Plaid and Dwolla announced a new partnership to offer a fully tokenized ACH payment integration. The partnership makes it possible to tokenize account and routing numbers and authenticate user bank accounts through Plaid and start accepting Automated Clearing House (ACH) payments in minutes with Dwolla’s ACH API. (more…)

Fintech news, Global trends, Hotnews, Open Source/ API, Payment processors/providers/gateways

April 26, 2017

414

Flux, a fintech startup founded by ex-Revolut employees, wants to make paper receipts obsolete

By Steve O’Hear for TechCrunch.com

Flux, a London-based fintech startup founded by three early employees of foreign exchange and banking app Revolut, is on a mission to make store receipts truly digital. (more…)

Deals, eWallets, Mobile payments/banking, Payment processors/providers/gateways

April 24, 2017

391

Japanese Government Unveils Evaluation Process for Blockchain Platforms

By Samburaj Das for CCN.la
In a month where bitcoin gains prominence in Japan’s mainstream after the cryptocurrency saw recognition as a legal method of payment, the Japanese government has revealed a method to evaluate blockchain platforms that are widely expected to transform a number of industries. (more…)

Government activities, InspirAsia, Marketing Report, Payment processors/providers/gateways

April 19, 2017

555

Tech Innovation in the Remittance Industry

By Hugo Cuevas for LTP

There is no consensus on the level of tech innovation in the international or cross-border money transfer and payments industry. FinTech startups think that there is none. They think that the industry is so complex, full of intermediaries, with huge margins, settlement problems, etc., that it is ready for disruption. Not totally true because the industry does need tech innovation and there is so much room for technology that we all agree that it must be encouraged, developed and invested on. This article will show you where tech innovation is happening – the baby steps. (more…)

Payment processors/providers/gateways, Remittances

April 18, 2017

358

Ant Financial partners with Emtek to expand into Indonesia

By Sheila Yu for TechNode

Ant Financial, the financial affiliate of Chinese e-commerce giant Alibaba, announced on Wednesday a strategic partnership with Indonesia’s second largest media firm Elang Mahkota Teknologi (Emtek), in its latest efforts to expand its presence in overseas mobile payment market, local media is reporting (in Chinese). (more…)

Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways, Payment systems

April 18, 2017

563

390

Stripe acquires Indie Hackers in bid to strengthen relationship with entrepreneurs

By Ken Yeung for Venture Beat

Stripe has acquired the knowledge-sharing service for entrepreneurs known as Indie Hackers. While financial terms of the deal were not disclosed, Indie Hackers will remain operational as an independent subsidiary. Stripe hopes that this transaction will enable it to strengthen its relationship with startup community and further increase “the GDP of the internet.” (more…)

Fintech news, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways

April 12, 2017

Nets buys two payment units from OCBC

By Siow Li Sen for Business Times

NETS will buy two payment companies wholly owned by OCBC Bank as part of a move to go cashless in Singapore. (more…)

Banks, Deals, Hotnews, InspirAsia, Payment processors/providers/gateways

April 11, 2017

Facebook Messenger AI assistant offers payments suggestions

Facebook has revamped its AI assistant for Messenger, M, letting it butt into conversations about payments to offer help with sending and requesting money. (more…)

Bots, Payment processors/providers/gateways, PFM/PFP services

April 10, 2017

404

Digital hubs take center stage as the Malaysian startup ecosystem leans into developing the digital economy

By Lyra Reyes for e27.com

Situated at the heart of SEA, Malaysia’s strategic location affords it the capability of easily connecting to a regional market of over 625 million people as it shares land and maritime borders with 6 countries. (more…)

Fintech news, Global trends, Government activities, InspirAsia, Payment processors/providers/gateways

April 10, 2017

Wirecard posts 33% revenue rise

Wirecard has successfully pushed forward the digitalisation of payment processes using Internet technology on a global scale and achieved its growth targets for 2016 as a result. (more…)

Deals, Payment processors/providers/gateways

April 7, 2017

332

Iyzico, a Turkish online payments company and potential Stripe competitor, closes $15M Series C

By Steve O’Hear for techCrunch

Iyzico, the Turkish fintech startup to let e-commerce sites and other apps easily accept online payments, has closed $15 million in a Series C round, $12 million of which was announced earlier this year. (more…)

Payment processors/providers/gateways

April 5, 2017

378

Square reportedly seeks to buy social app Yik Yak

By John Adams for PS

Square is in talks to acquire Yik Yak, which operates location-based anonymous social network popular among college campuses, reports CNBC. (more…)

Deals, p2p-payments, Payment processors/providers/gateways, POS/mPOS and online acquiring

April 5, 2017

429

Payments company Ayopop raises $1m seed funding

By  for TechinAsia

Indonesia’s Ayopop specializes in bill payments, which means it wants users to pay for things like their phone bills, electricity, and internet services through its app. (more…)

Deals, Hotnews, InspirAsia, Payment processors/providers/gateways

April 4, 2017

415

Avangate buys 2Checkout

Avangate, the global eCommerce and subscription billing platform for software, SaaS, and digital solutions, announces its acquisition of 2Checkout, a global payment processor. (more…)

Deals, Hotnews, Payment processors/providers/gateways

April 4, 2017

356

Amazon now lets you pay with cash

By Don Reisinger for Venture Beat

Amazon is now making it easier for consumers to buy products through its online store with cash. (more…)

Cashless, Global trends, Hotnews, Payment processors/providers/gateways, Payment systems

April 4, 2017

580

This fintech startup uses machine learning to give international students credit cards

By Matthew Hughes for The Next Web

America has some of the best universities in the world. Internationally respected institutions like MIT, Harvard and Stanford attract countless young people from every corner of the globe. (more…)

AI / Machine Learning / Big Data, Analytics, Fintech news, Hotnews, Payment processors/providers/gateways

April 4, 2017

380

Grab confirms it will acquire Kudo to boost digital payments

By  for TechinAsia

Grab, an Uber-rival in Southeast Asia, and Indonesian startup Kudo are officially joining forces. (more…)

Deals, Global trends, Hotnews, InspirAsia, Payment processors/providers/gateways

April 3, 2017

445

374

Wirecard acquires South African payment service provider

Wirecard AG acquired all shares of MyGate Communications (Pty) (more…)

Banks, Deals, Global trends, Hotnews, Payment processors/providers/gateways

April 1, 2017

439

Fintech startup soCash raises US$600K to help consumers withdraw cash from shops

By Yon Heong Tung for e27.com

Singapore-based fintech startup soCash has announced it has US$600,000 from a group of undisclosed angel investors that include veteran bankers and technologists. (more…)

Cashless, Global trends, InspirAsia, Payment processors/providers/gateways

March 30, 2017

471

Tencent to focus on payments by spinning off e-book business

By Bloomberg News

Tencent Holdings Ltd. is planning to spin off its e-book business as it boosts spending on payments and content to lure users and keep them glued to its WeChat service. (more…)

China, Global trends, Payment processors/providers/gateways

March 27, 2017

518

Central bank of Singapore wants to set up new framework for investment funds

By  for TechinAsia

The Monetary Authority of Singapore (MAS) continues to make it easier for investors to set up new funds and operate in the city-state. Today it announced it has opened a public consultation on a new corporate structure for investment funds. People can submit their comments on a number of questions posed in the consultation paper. (more…)

Global trends, Government activities, Hotnews, Payment processors/providers/gateways, Singapore

March 23, 2017