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296

Mastercard and Visa battle over Revolut deals

via FinTech Futures 

UK challenger Revolut will be launching its US card with Mastercard by the end of this year. However, the fintech will also be primarily issuing Visa-branded cards in its global expansion.

Revolut will use Visa to expand in 24 new markets, for a total of 56 around the world and simultaneously partner with Mastercard for at least 50% of existing and future cards issued in Europe (Visa will have the other half), according to a statement.

The fintech uses its licence with Lithuania’s central bank to service Europe, but it will have to partner with a US-licensed bank when it starts rolling out cards to US citizens. (more…)

Banks, Global trends, Mobile-first banks

October 22, 2019

677

Revolut chooses Visa as lead issuing partner for its international expansion

via Tearsheet 

Visa and Revolut are growing their relationship via an expanding partnership in Europe, adding 24 new markets globally. (more…)

Banks, Mobile-first banks

September 30, 2019

1067

Singapore fintech startup Instarem closes $41M Series C for global growth

via TechCrunch

Singapore’s Instarem, a fintech startup that helps banks and consumers send money overseas at lower cost, has closed a $41 million Series C financing round to go after global expansion opportunities.

The four-year-old company announced a first close of $20 million last November, and it has now doubled that tally (and a little extra) thanks to an additional capital injection led by Vertex Ventures’ global growth fund and South Korea’ Atinum Investment. Crypto company Ripple, which has partnered with Instarem for its xRapid product, also took part in the round, Instarem CEO Prajit Nanu confirmed to TechCrunch, although he declined to reveal the precise amount invested. More broadly, the round means that Instarem has now raised $59.5 million from investors to date. (more…)

Deals, InspirAsia, Remittances, Singapore

March 19, 2019

1218

Banking Startup Launching Visa Card That Lets You Spend 7 Cryptos

via CoinDesk

Banking startup 2gether is launching a prepaid Visa debit card that allows users to spend cryptocurrencies.

In an announcement, 2gether said customers will be able to use the card to pay with either euros or any of the following seven cryptocurrencies: bitcoin (BTC), ether (ETH), XRP, bitcoin cash (BCH), EOS, Stellar (XLM) and litecoin (LTC). The card “instantly” converts the cryptos to fiat currency and, it said, and can be used fee-free by customers in any of the 19 eurozone nations. (more…)

Cryptocurrencies, Fintech news, Payment processors/providers/gateways

March 18, 2019

1759

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

1475

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

1946

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

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

2047

Visa gets ready for the Internet of Things

Visa is expanding its Visa Ready programme to include Internet of Things (IoT) companies, such as manufacturers of wearables, automobiles, appliances, public transportation services, clothing and other connected device. (more…)

Cashless, Fintech news, news

February 23, 2016

Deals: Visa discloses big stake in Jack Dorsey’s Square

By Paul La Monica for CNN Money,

Visa, the credit card processing giant famous for that marketing slogan, disclosed in a SEC filing late Thursday that it now owns a 9.99% stake in the class A shares of Square, the mobile payments startup co-founded by Twitter CEO Jack Dorsey. (more…)

Cashless, Deals, Fintech news, POS/mPOS and online acquiring

February 12, 2016

UK becomes ‘cash-second’ nation as contactless payments soar

By Finextra news,

Britain has become a “cash-second” nation, claims Visa Europe, which saw an explosion in contactless payments drive an 11.5% rise in the number of transactions it recorded in the country last year. (more…)

Cashless, Fintech news, news

January 26, 2016

1421

Visa Checkout Announces Walmart, Starbucks As Merchant Partners

By Lucas Matney for Techcrunch.com,

Today, Visa Checkout announced that some major new companies would se starting to utilize the service. (more…)

Fintech news

January 23, 2016

1543

Deals: Swatch partners with Visa to bring NFC payments to its analog smartwatch

By James Vincent for the Verge.com,

Swatch has announced that it’s bringing contactless payments to its forthcoming Bellamy smartwatch in the US next year. The Swiss company, which is the largest watchmaker in the world by revenue, originally unveiled the analog Bellamy in China this October. (more…)

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

January 22, 2016

3085

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

1827

India’s cashless proposal could spur mobile payments

MOBILEMAKERS: The Indian government published proposals to encourage greater take-up of electronic payments in a country where cash still rules.It suggested a range of measures, including tax benefits to merchants if at least half of their transactions are handled electronically. Consumers could also receive income tax rebates if a certain proportion of their spend is cashless. Another idea is for government itself to drop certain surcharges it levies for making card payments.Among the objectives are improving financial inclusion, reducing the risks for individuals of carrying cash, cutting the cost of managing cash in the economy, as well as making tax avoidance harder.

(more…)

Global trends, Government activities, India, InspirAsia

June 23, 2015

1817

Peek Inside 7 of The Banking World’s Coolest Innovation Labs

The Financial Brand: Banks are often ridiculed for their lack of innovation, but some seem to be taking it pretty seriously, at least from the looks of the innovation centers they’ve created. Take a tour around these digital playgrounds, idea labs and test kitchens built by banks looking to keep pace with the wave of digital disruption sweeping the industry.

(more…)

Influences FinTech

June 8, 2015