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3778

Do good by doing well: Fintech moves further into charitable giving

via Tearsheet

Digital banks are looking to make donating to charity more accessible and simple for their customers. From round-up features to charity linked loyalty programs, raising money for fintech users’ favorite causes is becoming more tech friendly.

54 percent of donors worldwide prefer to give to charity online, according to Non-Profits Sources. That’s driving $31 billion of online charitable givings in the U.S. alone. Plus, in 2018, mobile payments grew by 36 percent. While there are still some who prefer mailing donations, the number of people who are attracted to quick and easy forms of giving to charity is growing. (more…)

Banks, Global trends

July 9, 2019

774

Monese Announces New Collaboration With PayPal

via Crowdfund Insider

Digital challenger bank Monese announced on Thursday it has formed a new collaboration with payments platform giant PayPal. Monese reported that customers in the UK will be able to do the following:

  • Link Monese and PayPal accounts, to manage PayPal balance and transactions in the Monese app
  • Seamlessly add Monese card to PayPal digital wallet to buy from, and send money to, PayPal’s 277 million consumers and merchants around the world
  • Easily select Monese as preferred way to pay within PayPal wallet

(more…)

Banks, Mobile-first banks, Payment processors/providers/gateways

July 5, 2019

2213

How fintechs are revolutionizing the customer onboarding process

via Finextra

As per a recent CNBC report (1), In US, fintech companies accounted for 38 percent of all US personal loans in 2018. That’s a revolutionary growth from just 5 percent in 2013. On the other hand, traditional banks’ share of these loans has fallen down to a mere 28 percent that used to be 40 percent in 2013.

Fintechs are surely heading in the right direction and are proving to be real challengers to incumbent banks. One of the biggest factors that differentiate fintechs from traditional banks is that they do not carry a burden of multiple legacy systems that banks often struggle to get rid of. Fintechs have been able to adapt to latest technologies and processes much faster than the banks. Apart from that, banks live with huge silos like silos within different lines of businesses, amongst various channels and even processes. Fintechs being smaller in size leverage data or experiences in one part of the company in the other part much more effectively. (more…)

Fintech news

March 19, 2019

2862

MOBILE PEER-TO-PEER PAYMENTS

By MBLM, the Brand Intimacy Agency

As has been well reported, the financial services industry is undergoing a dramatic transformation. FinTech (or financial technology) is changing the way we spend, save, sell, invest, and lend. From crowdfunding to personal finance, this $707B industry is growing, both in size and in scope. Peer-to-peer mobile payments are still a relatively modest $28B sector within this industry, but we believe they are on the cusp of mainstream adoption. (more…)

Cashless, Fintech news, Global trends, InspirAsia

April 11, 2016

3771

O2O and IoT in Retail and Fintech

Technology is killing the traditional retailer. Victims will include those selling commodity brand-name-type products like consumer electronics, appliances, sporting equipment and furniture, and may even include those selling consumable goods.

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

Cashless, Deals, Fintech news, Global trends, InspirAsia

March 26, 2016

2853

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

PayPal partners Village Capital to back financial inclusion startups

By Finextra.com

PayPal is teaming up with venture development organisation Village Capital to back fintech entrepreneurs working to boost access to financial services for low-wealth people and businesses. (more…)

Cashless, Deals

March 12, 2016

7016

Life.SREDA VC report: mPOS-acquiring as ecosystem for SME-clients

Key findings from the industry of mPOS (mobile point of sale). 

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

Analytics, Fintech news, Hotnews, InspirAsia, POS/mPOS and online acquiring, SME

March 10, 2016

2903

A New Kind of Lender: Borrowing From PayPal and Square

By Riena Lisonsky for Fundera Ledger,

When you’re a small business owner seeking capital, being able to get financing from a source you know and trust is a big plus. Two popular payment-processing services that many small business owners rely on now offer small business loans, too. Here’s a closer look at business loans from PayPal Working Capital and Square Capital. (more…)

Cashless, Fintech news, p2p/online lending

March 9, 2016

FinTech Buyers Club: Who Invests in FinTech Startups?

By LetsTalkPayments, Sofia,

As one may have noticed, the FinTech fever is spreading around the world at an outstanding pace. Tech companies, banks and players that are not even related sometimes are catching the rush to get involved with the most promising startups in fear of becoming irrelevant. (more…)

Banks, Deals, Global trends

February 9, 2016

1867

Venmo Opens Its Payment Service To Third-Party Apps

By Jon Russel for TechCrunch,

Venmo, the peer-to-peer payment service operated by PayPal, has now become a payment platform after it opened up to third-party apps and services. (more…)

Cashless, Fintech news

January 27, 2016

1534

PayPal Shares Up 6% On Earnings; Revenue Rises 17%

By Katie Roof for Techcrunch.com,

PayPal reported earnings after the bell Wednesday, and the stock quickly ticked up 6% in after hours trading. (more…)

Cashless, eWallets, Fintech news, news, p2p-payments

January 27, 2016

2170

PayPal hopes to cash in on millennials’ love of Venmo

By Trey Williams for Market watch,

Since rolling out to the public in 2012, Venmo has been a peer-to-peer payment app. Millennials have taken to it as a way to send money and emoji to friends for meals, event tickets, bills, etc.

(more…)

eWallets, Fintech news, news, SME

January 24, 2016

2760

Portal lets maid take control of earnings sent home to Philippines

By Joanna Seow,

Remitting money home is sometimes a frustrating exercise for Filipino maid Nilda Sesaldo, 37.

(more…)

Fintech news, p2p-payments, Philippines

January 24, 2016

2152

How John And Patrick Collison Built Stripe Into The PayPal Of The Mobile Era

By Miguel Helft for Forbes,

THE FIRST SIGNAL YOU PICK UP that John and Patrick Collison, who cofounded mobile payment phenomenon Stripe, are not big on the trappings of corporate status is a North Face backpack. (more…)

Banks, eWallets, Fintech news

January 18, 2016

1508

PayPal Adds Bitcoin Entrepreneur To Its Board To Focus On The Future Of Money

By Jon Russell for Techcrunch.com,

PayPal has made a notable move to position itself for the future of money and currency after it added seasoned fintech figure and bitcoin entrepreneur Wences Casares to its board. (more…)

Blockchain, Cryptocurrencies, Fintech news

January 14, 2016

3087

PayPal IPO Vs Stripe Future

VentureBeat: PayPal started trading on the Nasdaq this morning at $41.46 per share. As an independently traded company, Paypal is already valued at roughly $50B. Compare that with eBay’s market cap of about $33.64B. After spinning off PayPal, eBay’s stock was trading down at $26.89 this morning. (more…)

Deals, Fintech news, Mobile payments/banking, news, p2p-payments, POS/mPOS and online acquiring

July 21, 2015

2031

PayPal earns $44B valuation ahead of eBay split

Financial Times: PayPal has an official market value as a standalone company, ahead of its separation from eBay later this month: $44B. PayPal shares started trading on Nasdaq on a “when issued” basis this morning and after an early pop, they have settled at about $36.40 apiece, Stephen Foley reports. (more…)

Fintech news, news, POS/mPOS and online acquiring

July 6, 2015

1704

Boiling Of Remittances

MASABLE:  Facebook Messenger has finally rolled out its payments feature across the entire U.S. so that any stateside user can pay friends right inside the app, if they like. David Marcus, Facebook’s vice president of messaging products, quietly announced the news via Facebook post on Tuesday, describing the payments feature as “easy and safe.” (more…)

Deals, Fintech news, news, Remittances

July 1, 2015

1995

Uber And PayPal Extend Payment Partnership, Now In 19 Countries

TECHCRUNCHPayPal teamed up with Uber back in 2013 to offer the U.S. taxi-hailing service’s customers additional payment options. The world has changed a lot in those 18 months — Uber is now present in over 300 cities with China set to soon become its largest market — so, with that in mind, PayPal and Uber have extended their partnership to cover an additional 9 countries worldwide. (more…)

Fintech news, news, POS/mPOS and online acquiring

June 24, 2015

1858

PayPal’s One Touch Instant Web Checkout Service & Stripe’s New iPhone App

TECHCRUNCH: As PayPal moves closer to its spinoff from parent eBay, the company continues to expand the services it will have to generate revenue as a standalone business. In the latest development, today PayPal is expanding One Touch on the web — a widget that lets people use PayPal to pay for goods on third-party websites without needing to re-enter passwords or their user IDs — outside of the U.S. The first markets for its international rollout will be the Canada and the UK. (more…)

Fintech news, news, POS/mPOS and online acquiring

June 9, 2015

1981

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

1938

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

2010

PayPal CEO Dan Schulman, “We Have A Lot Of Work Ahead Of Us”

TECHCRUNCH: Digital commerce company PayPal is moving to establish itself as “more than just a button” to a global payments platform as it readies a split from parent company eBay later this year. “We’re coming into the market at a time when the financial services industry is going through some fundamental shifts,” new PayPal CEO Dan Schulman said at PayPal’s Commerce: Rewind event today. “We’re really thinking how do we re-imagine PayPal almost as a service. PayPal as a SaaS platform.” (more…)

Fintech news, news, POS/mPOS and online acquiring

May 21, 2015

2053

It’s official: cash is dying

WIRED: Cashless payment has overtaken hard cash for the first time. The UK Payments Council reports that 52 percent of transactions were made with notes and coins in 2014, but says it believes the figure will fall below 50 percent for 2015. (more…)

Analytics, Global trends, news

May 21, 2015

1665

PayPal To List On Nasdaq Under PYPL Ticker After eBay Spinoff

TECHCRUNCH: Payments company PayPal is inching closer to spinning off from its marketplace parent eBay. Today its designated CEO, Dan Schulman, announced that it plans to list on Nasdaq and use PYPL as its ticker — the original ticker it used before eBay acquired it in 2002. (more…)

Fintech news, news

May 14, 2015

1771

PayPal Says It’s Loaned $500M To Small Businesses In The Past 18 Months

VENTUREBEAT: PayPal revealed today that it has loaned $500 million to small businesses since its launch of Working Capital a year and a half ago. The company says that it issues $2 million a day in loans just within the U.S. The loan service also operates in the U.K. and Australia. (more…)

Fintech news, news, p2p/online lending

May 11, 2015

1951

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

Paypal Wants You To Swallow Your Password

WIRED: PayPal has outlined a range of biometric solutions, including vein recognition, ingestible technology and computer chip tattoos, that could potentially replace the password. The importance of finding an alternative security standard the traditional password has never been higher, given the rise in mobile payment technology. Now PayPal’s global head of developer advocacy, Jonathan LeBlanc, has outlined some potential solutions in a presentation called “Kill all Passwords”. (more…)

Fintech news, news

April 20, 2015

11 Super Successful Tech Leaders Who Struggled When They First Arrived In America

Business Insider: More than a third of the top tech companies in the US were founded by people born outside of the country. Their success stories drive many immigrants to come to the US in hopes of realizing the American Dream. But just looking at their success makes it easy to overlook the fact that a lot of the immigrant founders had to overcome other problems – from language barriers to financial constraints – to achieve their extraordinary success. (more…)

Influences FinTech

April 17, 2015