Payments

Feb
21

Breaking Paytm’s monopoly, Reliance Jio announces strategic partnership with Uber

If you were taking the suite of services Reliance launched with Jio, lightly — here is a wake up call for you. Reliance Jio Infocomm has announced a a strategic partnership with Uber that will enable users to pay for rides, through their Jio Money wallets. This breaks Paytm’s monopoly, which until now was the […]

By Reposted by International FinTech | FinTech . Payments
DETAIL
Feb
21

Japan’s largest bank is testing digitized checks on a Blockchain in Singapore

The Bank of Tokyo-Mitsubishi UFJ, Japan’s largest bank, has chosen blockchain technology as the core infrastructure toward testing the digitization of checks using Singapore’s Fintech-friendly regulatory sandbox installed by the country’s central bank, the Monetary Authority of Singapore. First announced last year, the Proof of Concept (PoC) testing is the result of a joint endeavor […]

By Reposted by International FinTech | Banking . Blockchain . FinTech . Payments
DETAIL
Feb
18

Global investment platform DarcMatter receives ‘Best Fintech Solution’ award

Global investment platform for alternative payments DarcMatter announced that it has received ‘Best Fintech Solution’ award for Small & Startup Funds at the HFM U.S. Hedge Fund Technology Awards that was held on 13 February 2017 in New York. The HFM U.S. Hedge Fund Technology Awards recognizes and selects those software providers that are serving […]

By Reposted by International FinTech | FinTech . Investing . Payments . Venture Capital
DETAIL
Feb
16

Amazon Is Set to Rule the Fintech Game: Andreessen Horowitz VC

If any technology company makes a major move into payments and banking, the most obvious candidates are Apple and Google. After all, both have a lot of experience thanks to the Apple Pay and Google Wallet functions, and both have already persuaded hundreds of millions of customers to share their credit card information. But in […]

By Reposted by International FinTech | FinTech . Payments . Venture Capital
DETAIL
Feb
16

PayPal acquires Vancouver-based TIO Networks in $304m deal

PayPal Holdings Inc. (NASDAQ:PYPL) is acquiring Vancouver-based TIO Networks in a deal worth $304 million. The companies announced the definitive sales agreement Tuesday (February 14), which will see PayPal pay $3.35 per share in cash — a 22.6% premium above its 20-trading day average price. TIO Networks chairman and CEO Hamed Shahbazi told Business In […]

By Reposted by International FinTech | FinTech . Investing . Payments . Venture Capital
DETAIL
Feb
15

Fintech is driving growth and opportunities in Asia Pacific

According to analysis by KPMG International and CB Insights, US$4.6 billion in venture capital-backed fintech funding went to the Asia-Pacific region at the end of Q3 2016. Much of this investment went to China, driven by high mobile internet adoption rates and a tech savvy-millennial user base. Asian fintech sectors predicted to get VC interest this year […]

By Reposted by International FinTech | Banking . Currency . FinTech . Payments . Venture Capital
DETAIL
Feb
15

China FinTech booms as mobile payments outpace US by 50x

New research has shown that Chinese mobile payments were around 50 times greater than those within the U.S. in 2016, thus illustrating that China’s FinTech market is a strong contender in the market. China Dominates the Mobile Payment Market Research from iResearch in China has found that Chinese third-party mobile payments more than tripled in […]

By Reposted by International FinTech | FinTech . Payments
DETAIL
Feb
15

4 Reasons to use a Digital Wallet

Are you using a digital wallet? If not, you are not alone. Only about 13 percent of smartphone users have adopted digital wallets, the relatively new technology that allows our mobile devices to execute a myriad of financial transactions. But digital wallets are coming of age at a lightning pace. Companies like Due offer digital […]

By Reposted by International FinTech | Banking . FinTech . Payments
DETAIL