Tagged: payments

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

July 26, 2016 @ 10:18 am By JD Alois  |  

WePay, a “payment as a service” platform” has opened up offices in the UK to further expand its reach into the white label payment sector including crowdfunding and other marketplaces.  WePay already provides services to GoFundMe, a very large donations-based platform in the US. The… Read More

June 1, 2016 @ 10:04 am By JD Alois  |  

Last week the largest bank in the Eurozone by market capitalization, Santander, announced it had launched a new app to facilitate live international payments. While payments may not be super exciting (it is a big business though) the method as to how Santander is facilitating… Read More

April 6, 2016 @ 8:41 am By JD Alois  |  

The UK has already staked a claim in the broader category of Fintech having created the concept of Peer to Peer Lending and fostering the most vibrant equity crowdfunding ecosystem in the world. None of this could have been accomplished without the explicit assistance of… Read More

April 3, 2016 @ 3:11 pm By Weiyangx  |  

  A decade ago, bank salespersons were seen at almost every street corner in Taipei. Apart from credit cards, they also offered unsecured micro-loans to ordinary people. As long as you didn’t have a criminal record and could provide your basic information such as ID… Read More

February 25, 2016 @ 4:02 pm By JD Alois  |  

The Payment Systems Regulator (PSR) has told UK banks they should “sell their stake in UK payments infrastructure”. The statement comes after the release of an interim report that reviews the UK’s payment system. The assessment pretty much tells banks they are stifling innovation and competition…. Read More

February 4, 2016 @ 10:02 am By JD Alois  |  

FitPay has announced the closing of $3.1  million in seed funding led by Giesecke & Devrient (G&D). FitPay was founded by payment industry veterans Michael Orlando, Scott Stevelinck and Chris Orlando. Th co-founders have worked at companies like Visa and CyberSource.  G&D is a supplier of mobile… Read More

January 27, 2016 @ 2:44 pm By JD Alois  |  

MangoPay, a payment platform that has focused on the crowdfunding and marketplace sector of finance, has shared a brief update on their progress. According to the company, Mangopay now has hit the following numbers: Over €200 million in payments processed 900 clients and rising 50 +… Read More