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3945

Why Fintech Is Different In Asia

By Falguni Desai for Forbes

The global fintech sector startup sector has received investments totaling $19 billion in 2015. According to CB Insights and a fintech report published by Citi, this is a tenfold increase from five years ago.  (more…)

Fintech news, Global trends, InspirAsia, news

April 30, 2016

2132

Deloitte Uses Facebook to Build Warranties on Bitcoin Blockchain

ByMichael del Castillion for Coindesk

Deloitte has used Facebook’s recently released Messenger API to build an early version of a product capable of storing warranties on a blockchain and allowing users to buy insurance for items even after they’ve been purchased. (more…)

Blockchain, Cryptocurrencies, Fintech news, Global trends, InspirAsia, news

April 30, 2016

2713

Alibaba advances: How China is using fintech to take control of global trade

By Ian Allison for International Business Times

The global fintech ecosystem has been presented like the board game Risk, with banks, fintech startups, traditional IT providers and GAFA companies (Google, Apple, Facebook, Amazon), distributed at each corner slowly advancing. As apt as the Risk analogy is, it tends to miss out the most important geopolitical force on the board: China.

(more…)

Fintech news, Global trends, InspirAsia, news

April 27, 2016

2095

Deals: Indian digital payments company TranServ gets $15M to launch new financial products

By  for Techcrunch.com

TranServ, one of several companies digitizing payments in India, said today that it has secured a Series C of $15 million to develop new financial products. (more…)

Deals, Fintech news, Global trends

April 27, 2016

1649

Why your wallet is becoming the next platform

By Alex Rampell for Techcrunch.com

The “wallet” in the modern sense of “flat case for holding paper currency” dates back almost 200 years. The word itself goes back 700 years, and the concept (minus paper currency) for millennia. (more…)

Cashless, eWallets, Global trends, Mobile payments/banking

April 25, 2016

1429

Virtual Reality Could Be the Future of Mobile Payments

By Scott Gamm for The Street

Apple, Alphabet’s, Google and Samsung  are duking it out for a slice of the highly lucrative mobile payments space. U.S. mobile payments totaled $8.71 billion in 2015 and spending is expected to rise to $27.05 billion in 2016, according to data from eMarketer. (more…)

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

April 24, 2016

1373

A card-carrying fan of contactless, I’m now contactless-less – and it’s not fun

By  for the Guardian

Here is my problem. I have lost my debit card. This might seem like a minor hindrance. I haven’t, say, lost a limb. But I have lost the means to go about my everyday life as I usually would. (more…)

eWallets, Fintech news, Global trends, Mobile payments/banking, p2p-payments

April 23, 2016

1199

Mobile cheque payments to be delayed by another year

By Tim Wallace for the Telegraph

Bank customers will have to wait another year before they canpay in cheques via their mobile phones, as banks are falling out over plans to roll out the new technology.

(more…)

Cashless, Global trends

April 18, 2016

1621

Visa, Malaysian Islamic banking association on the lookout for best fintech startups in ASEAN

By Sainul Abudheen K for E27.com

The competition is open to residents of Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam (more…)

Banks, Deals, Global trends, p2p-payments

April 18, 2016

1792

Mobile Payments Fraud: 10 Things Merchants Need To Know

(more…)

Cashless, Global trends, p2p-payments

April 15, 2016

1423

Klarna and Modo announce a new strategic partnership at Money20/20 Europe

By Jay Donovan for techcrunch.com

Unicorn eCommerce startup Klarna and digital payments startup Modo announced a new strategic partnership this morning at Money20/20 Europe. Under the terms of this new partnership Modo will provide Klarna with its Digital Payments Hub product to speed up implementation of Klarna’s checkout solution for their worldwide e-retail partners. (more…)

Banks, Cashless, Fintech news, Global trends

April 5, 2016

1615

Real users don’t care about Apple Pay and contactless mobile payments

By Ben Woods for The Next Web

Eight months from the launch of Apple Pay in the UK and a report from The Memohighlights just how little we know about the adoption or success of the service so far. (more…)

Cashless, Fintech news, Global trends

April 4, 2016

1363

Contactless soaring in popularity

Contactless now makes up one in five of all face to face card payments under £30, figures show after a five fold increase in their use by shoppers.

(more…)

Cashless, Global trends, Insurance

April 4, 2016

2322

Are payments necessary?

By  for techcrunch.com

For years, payments has been one of the hottest areas in fintech, and everyone has been lining up to join the party. Now, hands-free innovations are paving the way for a new generation of payment innovations. (more…)

Cashless, Fintech news, Global trends, InspirAsia, p2p-payments

April 1, 2016

1818

Square Has a New Growth Hack to Increase Its Payment Processing Volume

By Jason Del Rey for Re/code

Square has long generated the vast majority of its payments processing revenue from merchants that use free Square software to manage and track their sales. Now, Square is trying to make it easier to convert businesses that use non-Square software into Square payments customers, too. (more…)

Cashless, Fintech news, Global trends

March 31, 2016

1594

Nearly 75% US companies targets of payment fraud in 2015, says AFP survey

By Sarah Gill for Paymenteye

The threat of payments fraud is on the rise and while continued reliance on cheques makes businesses vulnerable to attack, business emails are getting increasingly popular for fraudsters.

(more…)

Cashless, Fintech news, Global trends

March 30, 2016

2500

Report: Facebook Is Turning Messenger Into A Mobile Wallet

By Parmy Olson for Forbes,

Facebook has big plans to turn Messenger into an “Everything App” that will replace many others found on your smartphone, but one of the most important shifts will be turning it into an app that pays for things. (more…)

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

March 29, 2016

12926

Online-Remittances

The World Bank estimates that by 2016 there will be more than $700 billion sent overseas between family and friends, with $646 billion sent in 2015.

Read our full research “Money of the Future”. Download PDF (20MB) (more…)

Cashless, Fintech news, Global trends, Hotnews, InspirAsia, Remittances

March 26, 2016

1685

Deals: London fintech startup GoCardless raises $13M to bring recurring payments platform to more countries

By Steve O’Hear for Techcrunch.com

GoCardless has become somewhat of a poster child for the London fintech scene. Offering an alternative to card payments, the startup provides a simple way for businesses to set up and accept bank-to-bank payments online (also known as Direct Debit), and is now processing £1 billion worth of payments annually. That’s up from £500 million in July — a figure that co-founder and CEO Hiroki Takeuchi tells me is on track to double. (more…)

Cashless, Deals, Fintech news, Mobile payments/banking

March 23, 2016

1958

Deloitte Predicts Rise in Blockchain-Based Payments

By Charles Small for Bitcoinmagazine.com

Deloitte’s Center for Financial Services has released a report forecasting transformation of the banking industry over the coming decade due to disruptive technology. (more…)

Banks, Blockchain, Cryptocurrencies, Fintech news, Global trends, Mobile payments/banking, p2p-payments

March 23, 2016

2598

Infographic: How new technology is changing the way we make payments

Promoted by Paypal,

Some older stuff is cool. Everyone loves a vintage leather jacket, and classic movies are favorites across generations. But in some cases, old can mean outdated, and when something’s outdated, it’s simply time to upgrade. (more…)

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

March 16, 2016

1798

Square acquires the team behind predictive analytics firm Framed Data

By Matthew Lynley for the Techcrunch,

Square is acquiring the team behind Framed Data, a predictive analytics service, and will be deploying the team of data scientists to its Square Capital team.

(more…)

Cashless, Deals, Fintech news, Global trends, Mobile payments/banking, news

March 15, 2016

1792

Transforming how retail banking works

By Choon Yan

Mobile is changing how people work, travel, read, communicate, shop and many other lifestyle behaviors. In the Internet Trends 2015 report by KPCB, mobile engagement is better than ever, with three hours of time spent per day on mobile devices in 2015 compared to an hour per day five years ago (a 300 percent increase). Adding to this, there was 69 percent and 23 percent annual worldwide growth inmobile data traffic and smartphone subscribers (2.1 billion) in 2014, respectively.

(more…)

Fintech news

March 14, 2016

1352

Why Bitcoin Can’t Help The Poorest – Yet

By   for techcrunch.com

The term “financial inclusion” is a new buzzword in the fintech space. With the rise of services like Abra and MPesa, we are convinced that bitcoin is the solution to the problems of the unbanked. With bitcoin, we say, the house cleaner in Dubai can get her money home and the refugee can get his money over the border into a safer place. (more…)

Blockchain, Fintech news

March 9, 2016

1496

Google pilots hands free payments app

By Nick Statt for the Verge.com

Google today released an experimental payments app called Hands Free, a service that lets you pay for items in stores without taking your phone out. (more…)

Cashless, Fintech news

March 3, 2016

1595

Square Makes Small Business Push For Growth Ahead Of Earnings

By Ryan Mac for Forbes,

Following Square’s initial public offering in November, the company’s executives hung up a new sign at San Francisco headquarters to remind employees of their mission. Located just through the doors of Square’s main entrance, the white block letters set against a similarly colored backdrop broadcasts one of CEO Jack Dorsey’s highest principles: “Economic Empowerment.” (more…)

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

March 3, 2016

1866

Square’s new product “Cash” can now hold a balance

By Matthew Lynley for Techcrunch,

Square Cash, the peer-to-peer payments app that aims to replace cash by offering instant deposits, rolled out another feature today that better positions the app to challenge competitors like PayPal and Venmo: the ability to maintain a cash balance.

(more…)

Cashless, Fintech news, news

March 3, 2016

1752

Honda bets that cars are the next mobile payment platform

By Liane Yvkoff  for Forbes

The future of mobile commerce could be in the car. Honda teamed with Visa to demonstrate at the 2016 Mobile World Congress that apps embedded in its infotainments system could soon be used to pay for items without leaving the comfort of their car. (more…)

Cashless, Fintech news, news

March 3, 2016

1840

Stripe Atlas’ hidden benefit: unlocking US VC money to startups everywhere

By David Corbin for techinasia

“If you were Stripe, what would you do in Asia?” His voice was steady, polite. (more…)

Fintech news

March 1, 2016

Visa shows vein recognition payment concept

 

With Visa’s new vein recognition payment concept you can literally wave your money goodbye. The company demonstrated their vision of future payment methods at the 2016 Mobile World Congress in Barcelona.

The video first appeared in wsj.com

Cashless, eWallets, Fintech news, Global trends

February 27, 2016