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3990

Singapore’s Ride-Hailing App Grab Mulls Becoming a Bank: Reuters

via Bloomberg 

Leading Southeast Asian ride-sharing provider Grab is considering applying for a digital banking license if Singapore’s banking regulator allows it, Reuters reported citing four people with knowledge of the process.

Grab, which acquired Uber Technologies Inc.’s Southeast Asian business and now carries a valuation of $14 billion, is close to hiring a consultancy firm to advise it on the matter, Reuters said. A company representative declined to comment.

(more…)

Fintech news, InspirAsia, Singapore

June 12, 2019

Uber and a Bay Area landlord will pay new tenants $100 a month to go car-free

By Andrew J. Hawkins for the Verge

A first-of-its-kind partnership (more…)

Banks, Deals, Fintech news, Global trends

May 18, 2016

2549

The Uberization of Banking

In this city’s crowded financial district you’ll find a Wells Fargo Bank branch with an antique stagecoach inside. (more…)

Fintech news, Global trends, Hotnews, news

April 30, 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

1805

Latest Trends In The Indian Startup Scene

E27.CO: incub@TE, an incubator run by Tata Elxsi (part of the US$100 billion Tata Group), was launched in 2012 to nurture and support products- and service-oriented startups. This Bangalore-based incubator has now partnered with Get2Volume and AISB Holdings to provide cross-border programmes to early-stage ventures. Unlike other incubators, incub@TE forms a rather long-term association with its incubatees. e27 spoke to Rajesh Kumar, Vice President (Strategic Initiatives) at Tata Elxsi, to know more about the incubator. Read the full article

E27.CO: The Indian e-commerce market has found a new superhero — cashback. Move over discounts, cashback is the hottest new trend in business. Cashback is the newest trend to rock the entire Indian e-commerce game. Big players, emerging players, almost everybody in the e-commerce niche is embracing cashback culture, compelled by thick audience demand, surging market competition and latest funding rounds. It remains to be seen if the new fad stays strong in the long run or fizzes out in an industry that has been enveloped with deep discounting since its inception. Read the full article

TechInAsia: Indian women online shoppers in the age bracket of 18-24 are the most active and comprise of 52 % as compared to 20 percent between the age group of 25-34, 6% above the age of 34 and 2% less than the age of 18 years.  On an average, most of the women prefer shopping online between 9 – 11 pm that too on Mondays and Fridays. Also, 80% women prefer Cash on Delivery payment option while only 20% opt for online transactions, said the survey. Read the full article

India will pass U.S. to become world’s second largest smartphone market by 2017: VentureBeat

India Now Uber’s Second Largest Market Following Expansion To 7 New Cities: TechCrunch

TechCrunch: BankBazaar, a startup that lets Indian consumers compare financial products online, has scored a $60 million Series C led by Amazon, with participation from Fidelity Growth Partners, Mousse Partners, and returning investors Sequoia Capital and Walden International. The platform aggregates information about online loans, credit cards, and fixed deposits from 23 financial institutions, which users can research and then apply for using its site or Android and iOS apps. BankBazaar says it gets four million unique visitors each month. For Amazon, its investment represents a chance to take a larger stake in the personal finance market. Read the full article

Read more on the topic: TechInAsia

India, InspirAsia

July 2, 2015

2289

New Fintech Hubs: Paris, Stockholm, Amsterdam?

TECHCRUNCH: French startup Prêt d’Union just raised $34 million (€31 million) from Eurazeo, Pierre Kosciusko-Morizet as well as its existing investors. Prêt d’Union is a European online credit marketplace that matches lenders and borrowers without any financial institution in-between. You can call it a sort of Lending Club for Europe. (more…)

Deals, Fintech news, news

July 2, 2015

1588

Boom Of Taxi Apps In Asia

E27.CO: GrabTaxi from Singapore is about to get US$200 million in fresh capital, pegging its valuation at US$1.5 billion. It quotes “a person familiar with the situation”, who has shared that the round is being led by US hedge fund Coatue Management LLC. The source also mentioned that existing investors SoftBank and Tiger Global Managementare also going to participate in the round. GrabTaxi’s last funding, a then record-breaking US$250 million round, happened just seven months ago in December 2014. Read the full article (more…)

India, InspirAsia, Singapore

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

1354

Uber’s Total Funding Nears $10bn

Financial Times: Uber’s latest financings will bring its total funding to $10bn, setting a new record for a US tech company before it goes public, as it closes in on a new credit line and equity round.  (more…)

Influences FinTech

June 22, 2015

1566

Uber Is Testing Cash Payments In India

TECHCRUNCH:  Uber is synonymous with its cashless payment experience, but that’s about to change. At least in India, initially. That’s because the ride-hailing giant has kicked off a pilot program testing cash payments in one city in the South Asian country: Hyderabad. There, Uber customers will be able to pay their fare in cash, using a new option that must be selected before requesting a ride. (more…)

India, InspirAsia

May 11, 2015

1309

Philippines becomes first country to create rules for ridesharing services such as Uber

TECHINASIA: The Philippines has made technology-based ridesharing services like Uber legal, providing a regulatory framework for them to operate in the country. (more…)

Fintech news

May 11, 2015

1831

UBER & Zopa Hook Up to Help Drivers Purchase Cars

CROWDFUND INSIDERZopa, the first peer to peer lender in the UK, has partnered up with another innovative firm UBER. The now (almost) ubiquitous ridesharing / cab replacement company is entering into a new service.  UBER and Zopa have created a new marketplace that will assist UBER drivers who are looking to move from renting an auto to purchasing the car.  The new agreement is expected to “help thousands of UBER drivers reduce their costs each month” but lowering monthly costs.  Certainly an interesting incentive for new drivers to join the UBER team. (more…)

Fintech news, news, p2p/online lending

May 6, 2015

Uber and Capital One Partnership

Uber and Capital One are excited to announce a partnership that enables Uber riders to get 20% back as a statement credit on every Uber ride through April 2016 when they pay with Quicksilver from Capital One. The offer applies globally in more than 300 cities where Uber operates.

Influences FinTech

April 21, 2015

Singapore Parliament Takes New Steps To Regulate Taxi Booking Apps

TECHINASIA: Singapore’s Parliament has proposed new laws for the regulation of third-party taxi booking apps such as Uber and GrabTaxias reported by Today Online. The regulations in question echo the basic regulatory frameworkproposed by Singapore’s Land Transport Authority back in November 2014. Requirements such as third parties having to register with the LTA, dispatch only properly licensed cars and drivers, and disclose adequate and timely information on charges and fees, remain. (more…)

Global trends, Government activities, InspirAsia, Singapore

April 14, 2015

1488

Singapore Issues New Carpool Laws That Let Drivers Get Paid For Rides

TECHINASIA:  Last week, the Singapore government issued new laws that will allow drivers to receive payments for carpools. The statute was completed on Monday, March 2, and reported by the Straits Times on Friday. According to the statute, car owners can accept monetary compensation for driving passengers, provided the driver does not accept hails on the street or in a parking lot. In addition, payment cannot exceed the cost of taking the passenger to his or her destination, which must be agreed upon before the ride begins. Drivers are also prohibited from making more than two rides a day.

(more…)

Global trends, Government activities, InspirAsia, Singapore

March 9, 2015

1854

The Battle Is For The Customer Interface

TECHCRUNCH: Uber, the world’s largest taxi company, owns no vehicles. Facebook, the world’s most popular media owner, creates no content. Alibaba, the most valuable retailer, has no inventory. And Airbnb, the world’s largest accommodation provider, owns no real estate. Something interesting is happening. (more…)

Fintech news, Influences FinTech, news

March 3, 2015