Tagged: payments

March 16, 2017 @ 7:52 am By JD Alois  |  

At South by Southwest (SXSW) this week, Visa unveiled contactless payment sunglasses.  The glasses incorporate the technology created by a “Sydney surfer startup founder” who is part of the Australian Fintech scene. Visa shared the WaveShades sunglasses at SXSW to an international audience. The back… Read More

March 2, 2017 @ 11:14 pm By JD Alois  |  

Alibaba has been roaming the globe acquiring or investing digital businesses. The most recent investment lands in India – marking an important entrant for Jack Ma’s firm. According to multiple reports, Alibaba has led a funding round in Paytm, an Indian ecommerce and payments platform. A… Read More

February 28, 2017 @ 7:44 am By JD Alois  |  

The Payment Systems Regulator (PSR) has published draft “Terms of Reference” outlining how it intends to review whether the operators of CHAPS (Clearing House Automated Payment System) and Faster Payments Scheme (FPS), need to play an expanded role to reduce consumer harm caused by particular… Read More

February 20, 2017 @ 12:55 pm By Samantha Hurst  |  

On Monday, Indiegogo introduced new payment options for its crowdfunding platform that will make it easier for backers to receive the support they needed. The funding portal revealed that, through its partnership with credit card vendor Stripe, it has begun to roll out Stripe payments… Read More

February 10, 2017 @ 2:57 am By JD Alois  |  

Singapore’s Committee on Future Economy (CFE) has identified seven strategies for Singapore’s next stage of growth in its report. Singapore has experienced an enviable period of economic growth and prosperity. The island city-state tmaintains one of the highest standards of living in the world. The… Read More

February 9, 2017 @ 2:00 am By Jessica Pham  |  

The Singapore FinTech Association (SFA) has signed MOUs with five polytechnics in efforts to grow and nurture talent in the industry, as well as to improve coordination between educators and fintech industry leaders.  The five entities are Nanyang Polytechnic, Ngee Ann Polytechnic, Republic Polytechnic, Singapore… Read More

February 7, 2017 @ 4:00 am By Jessica Pham  |  

Singapore-based company Grab, self-described as “Southeast Asia’s Leading Ride-Hailing Platform”, is investing $700 million in Indonesia to make the country ASEAN’s most digital economy.  Grab’s project will focus on mobile fintech features in the country, and in particular, on mobile payment. According to the company, the… Read More

February 6, 2017 @ 10:11 pm By JD Alois  |  

Klarna, one of Europe’s leading payment providers, has acquired Berlin-based BillPay thus expanding its reach in Europe. BillPay operates in Germany, Austria, and Switzerland. Klarna works with 65,000 merchants to offer payment solutions to more than 45 million users in Europe and North America. BillPay was… Read More

February 3, 2017 @ 12:29 am By Jessica Pham  |  

Latipay is an online payments service between China and New Zealand, and it has raised $3 million in Series A funding from Jubilee Capital Management, a Singaporean VC firm.  New Zealand VC firms Tuhua Fund and Zino Fund also participated, according to e27. The company intends to… Read More

February 2, 2017 @ 2:15 am By Jessica Pham  |  

The Federation of Indian Chambers of Commerce and Industry (FICCI) published a new report in January called “Leveraging the FinTech Opportunities in India” to highlight a number of topics, including digital payments, digital banking, blockchain, and online lending, to name a few. According to FICCI… Read More

January 27, 2017 @ 1:30 am By Jessica Pham  |  

Citi’s latest report, “Digital Disruption – Revisited: What FinTech VC Investments Tell Us About a Changing Industry”, explores the evolving fintech industry.  In exploring different regions around the world, the report concludes: China’s rapid digitalization and rise of the middle class — combined with declining… Read More

January 3, 2017 @ 7:30 am By Jessica Pham  |  

Over 25 startups in the online lending space have rapidly emerged over the past two years, according to TechCircle analysis.  Despite signs that global fintech investment was slowing in 2016, VCCircle‘s analysis for 2017 suggests that such investment may pick up again. Arti Singh and… Read More

December 31, 2016 @ 10:17 am By Jessica Pham  |  

Renu Rajani, Vice President of Capgemini, opined earlier this week that Fintech’s revolution this past year has disrupted trends in testing and quality assurance (QA).  The observation is based on findings further described in the firm’s latest fintech report, World FinTech Report 2017, which was published earlier… Read More

December 15, 2016 @ 7:00 am By xu gao  |  

China Insurance Regulatory Commission Calls Halt to Online Insurance business of Foresea Life Insurance & Five Other Insurance Companies On the of 5th December, the China Insurance Regulatory Commission (CIRC) called a halt to the online insurance business of Foresea Life Insurance for irregularities and… Read More

October 10, 2016 @ 8:31 am By JD Alois  |  

Judopay, an “AppCommerce” payments platform, has announced new appointments to its leadership team,  The new hires are designed to help drive Judopay’s growth in the in-app mobile payments space across EMEA, expansion in the US and also into new mobile and in-app sectors. Judopay has… Read More

September 14, 2016 @ 4:46 pm By JD Alois  |  

Tipalti has closed on a $14 million funding round led by SGVC, a company that has invested in big tech/Fintech names like SoFi, Addepar, OpenGov, HomeLight, LoopCommerce and Sunbit. Tipalt is a payments automation platform. The new funding will be leveraged to accelerate adoption of… Read More

September 13, 2016 @ 12:07 pm By Samantha Hurst  |  

Sourcery, a California-based digital payments and commerce platform that focuses on the accounts payable within the food and hospitality industry, announced on Tuesday it has successfully secured $5 million during its latest venture round, which was led by Marker LLC with Steadfast Capital and existing investors…. Read More

August 25, 2016 @ 9:21 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) has published a consultation paper on a payments regulatory approach. Simultaneously MAS has created a “National Payments Council” to help foster digital payments and the ascension of Fintech. Noting that presently there are multiple regulatory environments and legislation action,… Read More

August 10, 2016 @ 2:47 pm By JD Alois  |  

PwC is out with another report this time focusing on the Payments sector. This is part of their broader research into Fintech in general and how it is impacting traditional financial firms and what they are doing to mitigate the operational risk.  Entitled “Payments in… Read More

July 31, 2016 @ 7:44 pm By JD Alois  |  

Last week the Payments Systems Regulator (PSR) announced that reform is needed in the UK payments sector to improve competition and better serve consumers.  The announcement was made by the one-year-old agency following a report on payments released by the PSR. The PSR stated that there… Read More