lafgrp + lb   122

Singapore: WeInvest raises USD 12 mln in Series A | The Paypers
QUOTE: Singapore-based robo-advisory company WeInvest has raised a total of USD 12.3 million in a Series A Funding. WeInvest, which also operates in Malaysia, Indonesia, Hong Kong, India, and Dubai, is a wealth technology platform provider for banks, wealth and asset managers, insurance companies and independent financial advisors.
3PW  4LN  LB 
may 2018 by lafgrp
Habib Metro Bank, Ria partner for remittance services in Pakistan | The Paypers
QUOTE: The agreement provides a new opportunity for Pakistani expatriates living and working abroad to remit their money to their families in every corner of Pakistan. Moreover, the agreement is expected to help expanding the remittance concentration areas in Pakistan.
3PW  4LN  LB 
may 2018 by lafgrp
JCB to offer Google Pay in Japan | The Paypers
QUOTE: JCB will enable Google Pay for in store payments in Japan through its QUICPay(TM) contactless payment solution. Google Pay users will be able to make payments on their enrolled JCB credit, debit, or prepaid card at convenience stores, supermarkets, drugstores, and other shops where QUICPay is accepted and online wherever JCB is accepted. Credit, debit, and prepaid cards can be enrolled using the Google Pay app on Osaifu Keitai supported devices with Android OS5.0 or higher version.
3PW  4LN  LB 
may 2018 by lafgrp
PayBee joins Catalyst incubation programme | The Paypers
QUOTE: PayBee was chosen from over 50 qualified leads considered by Catalyst's team to join the programme. The company’s ‘Retail Collect’ allows businesses to collect payments from any UPI app at the PoSby generating a dynamic QR code for any payment amount. With the ‘Remote Collect’ option, businesses can collect payments remotely from any UPI app by sending a payment link to phone numbers.
3PW  4LN  LB 
may 2018 by lafgrp
Mizuho backs Tokyo blockchain co-working space
QUOTE: Says the firm: "We believe that this project and these interactions will bring us one step closer to developing commercial applications for blockchain technology."
3PW  4LN  LB 
may 2018 by lafgrp
Stripe, JCB sign MOU for global partnership | The Paypers
QUOTE: The agreement will enable JCB brand acceptance at merchants using the Stripe payment solution, in any local currency around the world. Stripe merchants will be able to access a wide range of consumers, while JCB card members will be able to purchase products and services from Stripe merchants.
3PW  4LN  LB 
may 2018 by lafgrp
Huobi brings crypto exchange to Vietnam's blockchain market | The Paypers
QUOTE: Moreover, the crypto exchange platform is planning to support enterprises in the development of blockchain technology in Vietnam and to explore investments and partnerships in Asia, local media reported.This decision follows the signing of a strategic partnership between Huobi Group and SBI Group (formerly Softbank Investment Group) in view of jointly developing digital assets financial services in Asia. The digital assets exchange is said to be provided by both SBI Virtual Currencies and Huobi Japan in the first half of 2018.
4LN  3PW  LB 
may 2018 by lafgrp
Thailand to regulate cryptocurrencies and ICOs by June 2018 | The Paypers
QUOTE: In the meantime, according to Thailand‘s Securities and Exchange Commission, offerings of digital tokens have not been allowed until the regulations are announced. The commission has the authority to regulate digital assets, according to a decree that requires sellers and operators of such assets to register with the SEC within 90 days.
3PW  4LN  LB 
may 2018 by lafgrp
Singapore-based mobile marketplace Carousell raises USD 85 million | The Paypers
Carousell, the Singapore-based mobile ecommerce marketplace, has pulled in an USD 85 million Series C fund to strengthen its ecommerce business. The round was co-led by existing investor Rakuten  Ventures and EDBI, the corporate investment arm of Singapore’s Economic Development Board. Other participants included returning investors 500 Startups, Golden Gate Ventures and Sequoia India as well as new investor DBS, Southeast Asia’s largest bank with over $330 billion in assets.
3PW  4LN  LB 
may 2018 by lafgrp
Paytm adds automatic recurring payments feature | The Paypers
Paytm has introduced automatic recurring payments, a new feature allowing users to make periodic recurring payments within the app, reports LiveMint.com  The ‘My Payments’ feature can be used for high-value payments for a variety of cases, such as paying for subscriptions, mortgages, salaries etc. 
4LN  3PW  LB 
may 2018 by lafgrp
Mitsubishi tests cross-border payments using RippleNet | The Paypers
QUOTE: Mitsubishi Corporation has teamed up with several Asian banks to test moving real funds over RippleNet. The main objective of the pilot is to improve cross-border payments of corporate groups using Ripple’s network, RippleNet, for financial transactions. Among the banks that took part in the testing we mention: MUFG Bank, Bank of Ayudhya, a Thailand-based subsidiary of MUFG Bank, and Standard Chartered Bank.
3PW  4LN  LB 
may 2018 by lafgrp
IBM’s quantum computing crusade calls on Japan – FinTech Futures
QUOTE: IBM has teamed with Tokyo’s Keio University, JSR, MUFG, Mizuho and Mitsubishi Chemical to push on with its quantum computing ambitions in Japan. It’s not just about fintech as these partners will join the IBM Q Network to explore practical applications of quantum computing for business and science. The first IBM Q Hub in Asia also officially opened yesterday.
3PW  4LN  LB 
may 2018 by lafgrp
Peppermint launches remittance platform in the Philippines | The Paypers
QUOTE: The Filipino remittance market sees around USD 1 billion transferred each year from Australia to the Philippines by the more than 160,000 Filipinos who reside there. The value of global international remittances to the Philippines exceeds USD 28 billion every year, according to Peppermint management cited by The West Australia.
3PW  4LN  LB 
may 2018 by lafgrp
Genting Hong Kong, Wirecard partner for new on board payment experience | The Paypers
QUOTE: The system will be implemented on board of Dream Cruises’ World Dream and Genting Dream, and will be launched on Star Cruises’ SuperStar Virgo. Using the Quick Pay Self-Checkout System on board, Dream Cruises guests will be able to control their own finances during their voyage including setting up pre-authorised spending limits, managing accounts for friends and family, monitoring consumption during the trip and settling their bill at the end of their journey. With the application, guests can also set up pre-authorised spending amounts for themselves and for family members/travelling companions to help manage expenses while on board.
3PW  4LN  LB 
may 2018 by lafgrp
Paytm rolls out offline payments solution Paytm Tap Card | The Paypers
QUOTE: Paytm Tap Card uses near-field communication (NFC) technology to enable digital payments, completely offline at Paytm-issued NFC PoS terminals, in under a second. To make payments, users can add money from their Paytm account by scanning the QR code on the Tap Card and by authenticating it at any of the add value machines (AVM).
3PW  4LN  LB 
may 2018 by lafgrp
Samsung Pay adds cash-back feature | The Paypers
QUOTE: Samsung Pay has announced the introduction of a cash-back feature to its app, aimed to reward users for regularly spending with the wallet. Users can access the new Cash Back panel on Samsung Pay's home screen and earn about 5% cash back when paying with the wallet at retailer partners like eBay and Walmart. The new feature allows users to earn per-transaction points that are multiplied by how often they use Samsung Pay.
3PW  4LN  LB 
may 2018 by lafgrp
Samsung Pay goes online in the UAE | The Paypers
QUOTE: Samsung Gulf Electronics has announced that its Samsung Pay users in the UAE will be able to pay at checkouts online, not just in-store. The UAE is the first country in the Middle East where the feature of the mobile payments service is enabled, following the launches in the US, Russia and Singapore.
3PW  4LN  LB 
may 2018 by lafgrp
Hong Kong brings lending decisions into the digital age
QUOTE: The Hong Kong Monetary Authority (HKMA) is looking to bring lending into the digital age, allowing banks to forgo traditional credit checks on some personal loans in favour of big data analysis. Under new guidelines, banks can carve out a portion of the personal lending portfolio (no more than 10% of their capital base) and apply different standards for online and mobile loan applicants.
3PW  4LN  LB 
may 2018 by lafgrp
Cryptos Fall After South Korean Exchange Raid | PYMNTS.com
QUOTE: UPbit wrote on its website, according to a Google translation, that it “is currently under investigation by prosecution, and we are [cooperating] diligently. UPbit services, such as all transactions and withdrawals, are operating normally. Your assets are kept securely in your account.” Though South Korean authorities raided the exchange due to concerns over fraud, the South Korean Financial Supervisory Service did not reply immediately to a request for comment by CNBC. According to CoinMarketCap, the exchange is the third-largest (with fees) in terms of trading volume, with the EOS-won pair representing the largest volume share.
3PW  4LN  LB 
may 2018 by lafgrp
Japan airline ANA to tap into digital payments | The Paypers
QUOTE: ANA hopes to build its digital strategy on data collected from the 31 million users of its airline miles to provide a range of services including real estate, insurance and health to consumers across Japan. ANA aims to generate around 20% of its total revenue, which is projected to reach JPY 2.45 trillion by the fiscal year 2022, from the non-airline business. It has not provided details of how it will launch its mobile payments system. 
3PW  4LN  LB 
april 2018 by lafgrp
A new tool for policy makers to measure ecommerce growth in Singapore | The Paypers
QUOTE: Having a clear picture of online sales statistics is important for Asian policy makers, who are interested in the effects the ecommerce market has on their economies. The new tool will be especially useful when implementing changes to tax policies and measuring the impact of online sales on inflation. 
3PW  4LN  LB 
april 2018 by lafgrp
Samsung Pay enables PayPal support | The Paypers
QUOTE: As part of the announcement, users will be able to add their PayPal accounts to Samsung Pay and use their PayPal wallet anywhere Samsung Pay is accepted. Users need to have the latest version of Samsung Pay to enable PayPal.
3PW  4LN  LB 
april 2018 by lafgrp
OK Google, says OCBC Bank – FinTech Futures
QUOTE: The available services include financial planning (e.g. for retirement or a new home), savings (e.g. for a child’s education), getting financial market updates and FX rates, and searching for nearby ATMs and branches, among others.
3PW  4LN  LB 
april 2018 by lafgrp
JCB to issue employees with fingerprint cards
QUOTE: The pilot trial - conducted in conjunction with ID outfit Idemia and card personalistation partner Toppan Printing - will see the card scheme issuing new JCB Biometric Cards to employees later this month.
3PW  4LN  LB 
april 2018 by lafgrp
Canadian PSPs Get Ready to Race in Retail Payments Space
QUOTE goals of the new regime would be to maintain safety and soundness, encourage efficiency, and ensure that the needs of users are met. Importantly, the proposed framework will also shift from an institution-based application to a function-based application — therefore, institutions performing similar functions will be subject to the same regulations. While this might not be as impactful for banks and other federally regulated financial institutions, PSPs will undoubtedly experience a massive shift in their current levels of regulation.
1PW  LB 
april 2018 by lafgrp
ICICI Bank launches social media-based remittance service for NRIs | The Paypers
QUOTE: ICICI Bank has launched a cross-border remittance facility that can be used by NRIs for sending money to their friends and family in India through social media like WhatsApp and e-mail. 
Christened 'Social Pay', a sender needs to register on the remittance service application Money2India to transfer money to someone in India.
3PW  4LN  LB 
april 2018 by lafgrp
TrueMoney gets payment services license in Vietnam; launches TrueMoney Wallet | The Paypers
QUOTE: Vietnam is the second country in the region to launch TrueMoney Wallet after Thailand. Following the successful rollout of TrueMoney Wallet across Thailand in retail outlets such as 7-Eleven convenience stores, with almost 10,000 branches nationwide, Ascend has continued to expand in markets that are among the region’s lowest in financial inclusion rates.
3PW  4LN  LB 
april 2018 by lafgrp
Visa and SM partner to enable contactless payments | The Paypers
QUOTE: Tomlinson said Visa's partnership with SM could boost the Philippines' adaption of a cashless payment ecosystem.Around 5,000 contactless terminals for Visa cardholders will be established across 59 SM Stores in the 68 SM malls across the country.
3PW  4LN  LB 
april 2018 by lafgrp
PayPal simplifies payments for Indian sellers and freelancers | The Paypers
QUOTE: PayPal has digitised FIRC (foreign inward remittance certificate) application process for the ease of Indian sellers and freelancers.The digitisation will enable the payment of the FIRC fee via NEFT (National Electronic Funds Transfer) as opposed to the previous process of a demand draft (DD). The new process will enable sellers to receive payments from across the globe and apply for a FIRC online by filling a form on their website.
3PW  4LN  LB 
april 2018 by lafgrp
India's central bank issues cryptocurrency ban
QUOTE: The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.
The growing bubble around bitcoin and other virtual currencies has unnerved a number of central banks in recent months but the RBI's blanket ban is the furthest measure so far taken by a major regulator.
3PW  4LN  LB 
april 2018 by lafgrp
Hacked Japanese crypto exchange sold for $34m
QUOTE: Coincheck, a Japanese cryptocurrency exchange that made news in January when hackers stole $500m of customers' deposits, has been sold to Japanese retail broker Monex for $34m (3.6bn yen).The deal will see Coincheck's current head Koichiro Wada replaced by a Monex executive and any profits made over the next three years will be split with the crypto exchnage's current shareholde4rs, annopucned Monex.
3PW  4LN  LB 
april 2018 by lafgrp
India Issues Warrants For Punjab Bank Heist | PYMNTS.com
QUOTE: Non-bailable warrants have been issued for the two central figures in an alleged $2 billion scam at state-run Punjab National Bank (PNB).According to Reuters, a special court of India’s Central Bureau of Investigation (CBI) approved an application to issue non-bailable warrants against jewelers Nirav Modi and Mehul Choksi.
4LN  3PW  LB 
april 2018 by lafgrp
ICICI Bank's SWIFT gpi Service Goes Live | PYMNTS.com
QUOTE:SWIFT’s global payments initiative (gpi) service has a new bank on board.Reports on Friday (April 6) in WebIndia123 said ICICI Bank is the first in India to join and roll out the global payments service. The gpi tool aims to heighten speed, transparency and efficiency of cross-border payments for financial institutions and their banks.
3PW  4LN  LB 
april 2018 by lafgrp
Taiwan: Leading fuel supplier CPC rolls out mobile payments solution
QUOTE integrating mobile payments via Apple Pay, Samsung Pay and Android Pay
3PW  4LN  LB 
april 2018 by lafgrp
Google to expand Tez services outside of India | The Paypers
QUOTE: Tez now has 14 million customers in India, and expansion into new markets depends on how conversations progress in the next few months, says the company.More than that, the company revealed that they initially looked across Latin America, the Middle East and Africa, the markets identified by the Next Billion Users initiative. Countries with low credit card penetration and limited access to near-field communications systems — are the most attractive to the company. Scale is also important, as well as political support for mobile payments adoption.
3PW  4LN  LB 
april 2018 by lafgrp
Mobile payments grow both online and offline in Korea | The Paypers
QUOTE: According to the “2017 Electronic Pay Service Usage” report released by the Bank of Korea, overUSD 2 million mobile payment transactions were made daily in 2017, with an on-year increase of 147.4%.
3PW  4LN  LB 
april 2018 by lafgrp
Paytm wants to implement direct bank-to-bank money transfers | The Paypers
QUOTE: Along with the focus on newer payment solutions, the company is also preparing some changes to it’s app user interface. As part of their strategy to become a “full-stack payments player”, Paytm also aims to scale up its money transfer payment solutions to target areas like house rent, supplier and wholesale dues, tuition fee, freelancers, salaries of unorganised workforce among others.
3PW  4LN  LB 
april 2018 by lafgrp
Hong Kong's Octopus comes to merchant mobile devices
QUOTE: The Octopus App for Business is designed to provide a cost-efficient mobile payment solution, to encourage normally cash-based merchants to accept digital payments. Through this easily operable enhanced feature in addition to the recently introduced Octopus App O! ePay QR code payment, merchants can now reach out to more than 34.5 million Octopus card and O! ePay users in Hong Kong.
3PW  4LN  LB 
april 2018 by lafgrp
Malaysian central bank foils attempted Swift heist
QUOTE: The Bank moved to reassure the public that it did not experience any financial loss and that all unauthorised transactions were stopped through "prompt action in strong collaboration with Swift, other central banks and financial institutions".
3PW  4LN  LB 
april 2018 by lafgrp
Softbank and Alibaba invest $445m in Paytm ecommerce unit
QUOTE: With its huge mobile payments userbase and Alibaba's ecommerce nous, Paytm Mall is aiming to become a major player in India's ecommerce sector, taking on the likes of Amazon and FlipKart.
3PW  4LN  LB 
april 2018 by lafgrp
Wirecard expands in Asia with Mizuho Bank partnership | The Paypers
QUOTE: Due to the partnership, the bank will be able to offer its Japanese customers a large spectrum of banking services from a single source. In addition, the Japan-based bank will enable them to make use of the acquiring services without opening an extra bank account.
3PW  4LN  LB 
march 2018 by lafgrp
Singapore and Lithuania regulators sign fintech agreement | The Paypers
QUOTE: Under the agreement, the two regulators will support fintech companies in each other’s markets in gaining better insight on their regulatory regime.The agreement will also enable the watchdogs to explore joint innovation projects as well as exchange information on emerging market trends.
3PW  4LN  LB 
march 2018 by lafgrp
DBS and ACI Worldwide extend partnership in Asia-Pacific | The Paypers
QUOTE: DBS’s continued digital transformation utilizes ACI’s UP Real-Time Payments solution as the backbone of its enterprise payments framework, allowing merchant, wholesale and SME customers to offer fast payments services – including over the mobile channel and Singapore’s enhanced peer-to-peer funds transfer service, PayNow. 
3PW  4LN  LB 
march 2018 by lafgrp
Fortumo partners with Apigate to launch content services in Cambodia | The Paypers
QUOTE: Almost half of Cambodians own a smartphone, while credit card ownership in the country is below 3 %. This means that many consumers can access online content but often they do not have the means to pay for it. Direct Carrier Billing API helps digital merchants overcome this challenge by allowing any prepaid and postpaid mobile user to make payments through their telco balance instead. 
3PW  4LN  LB 
march 2018 by lafgrp
Paytm now allows receiving of payments directly into bank account | The Paypers
QUOTE: Earlier, whenever there was a failed transaction towards a merchant on the Paytm app the app used to make the refunds only to the wallet and not to the bank account or card from where the payment was made. This undo this; users had to go through the hassle of adding the money back to their accounts whenever there was a refund.
3PW  4LN  LB 
march 2018 by lafgrp
Federal Bank of India rolls out online payment gateway for remittances | The Paypers
QUOTE: The setup is part of an agreement signed between Kerala Government and the Federal Bank to receive all payments due to various Government departments through the bank's payment gateway.
3PW  4LN  LB 
march 2018 by lafgrp
Indian fintech sector needs regulatory support to flourish
QUOTE: The vast majority of survey respondents say that employees focused on technology development and coders are the core of their workforce. In a country with a strong STEM talent pool, human capital is seen as a strength. However, nearly three quarters of those quizzed feel there is a lack of "deep tech" expertise which could hinder growth.
3PW  4LN  LB 
march 2018 by lafgrp
Ant Financial enters Pakistan through Telenor deal
QUOTE: The partners say that combining TMB's knowledge and local market presence with Ant's Alipay technology will enable them to bring mobile payments and other financial services to people and small business throughout Pakistan, where more than 100 million are unbanked.
3PW  4LN  LB 
march 2018 by lafgrp
CIMB launches cross-border banking between Malaysia and Singapore | The Paypers
QUOTE: Benefits of the cross-border solutions currently available in Malaysia and Singapore include a single login to CIMB Clicks, wherein customers will be able to manage and view both Malaysia and Singapore CIMB accounts at the same time via an integrated platform.
3PW  4LN  LB 
march 2018 by lafgrp
Sri Lanka: UPay rolls out mobile payment solution
QUOTE: With UPay, there is no need for big infrastructure to adapt to cashless transactions. Merchants have to convert their smartphones into a card terminal and download the Merchant mPOS (mobile point of sale) app, sign up, log in and generate a static QR code for any specific amount. The QR code will be scanned by the consumers on the UPay app, mention the amount of the bill and the transaction will be done in real time from the consumers account to the merchants account.
3PW  4LN  LB 
march 2018 by lafgrp
PayPal plans further expansion in Southeast Asia | The Paypers
QUOTE: PayPal has been taking into consideration the prospect to expand in the Southeast Asian market as more self-employed workers prefer digital platforms for money transfers. Citing data from the “Global Freelancer Survey,” PayPal said its platform was widely used by freelancers in Singapore (76%), Indonesia (88%), and the Philippines (92%).
3PW  4LN  LB 
march 2018 by lafgrp
ACI Worldwide, AGS Transact launch solutions for processing payments in India | The Paypers
QUOTE: ACI’s UP Retail Payments solution delivers payment capabilities and is used by 8 of the world’s top 10 banks. The solution enables stakeholders to access the set of APIs developed by NPCI and connects banks’ issuing systems to central infrastructures and to payment service providers (PSPs).
3PW  4LN  LB 
march 2018 by lafgrp
Ripple and Japanese banks to launch mobile app for domestic payment...
QUOTE: The new service will bypass domestic payment rails to allow settlement of payment flows over the RippleNet blockchain network, shedding the costs associated with existing banking and ATM fees that are currently applied to domestic money transfers in Japan.
3PW  4LN  LB 
march 2018 by lafgrp
Google adds chat feature to Indian payments app
QUOTE: The move comes as messaging and payments converge in India. WhatsApp is piloting a UPI-based payments service for its 200 million-plus users in the country, while mobile wallet giant Paytm recently added a chat feature and messaging service Hike has rolled out P2P payments.
3PW  4LN  LB 
march 2018 by lafgrp
Malaysia's AmBank selects ECSFin for real-time payments
QUOTE: With instructions emanating from central bank, all banks in Malaysia are to join RPP and offer payment services in three different groups. PayNet will build the RPP core infrastructure, gateway connectors and payment services in Phase 1 which will go live by June 2018, while collection services in Phase 2 are planned to go live by 2019.
3PW  4LN  LB 
march 2018 by lafgrp
MarketAxess and BlackRock extend trading alliance into Asia
QUOTE: Open Trading is an all-to-all trading marketplace that allows global participants, including buy- and sell-side firms, to connect via a central network on the MarketAxess trading platform. The strategic alliance builds upon the success of the firms’ existing partnership in U.S. and European credit, with the goal of improving liquidity and reducing transaction costs for global participants in the Asian fixed income market
3PW  4LN  LB 
march 2018 by lafgrp
Hong Kong and Poland sign fintech pact
QUOTE: Mr Lee said, “We are pleased to foster a closer relationship with the KNF to better support fintech and innovative financial services across the two jurisdictions. Poland is prioritising on fintech and seeks to become a regional fintech hub in Europe. The co-operation between the HKMA and the KNF would enable the two authorities to benefit from each other’s experience and expertise.”
3PW  4LN  LB 
march 2018 by lafgrp
6 Out Of 10 Banks In Asia-Pacific Claim That Apps And Social Media For Increasing App Fraud – Northwest Trail
QUOTE The research claims that 1 in every 5 banks claims that they encounter fraudulent apps for credit cards. These fraud apps include 5–10% of all apps. “Identity deception was a rising issue last year,” claims president of FICO for Asia Pacific, Dan McConaghy, to the media in an interview. “As avoidance techs have enhanced to end activities such as card skimming, hackers are now performing identity thefts or making ‘false people’ to get actual credit cards.”
4LN  3PW  LB 
february 2018 by lafgrp
MobilityOne rolls out mobile banking app for Meghna Bank in Bangladesh | The Paypers
QUOTE The mobile app is part of MobilityOne's "Tap 'n Pay" mobile financial services platform, and can be used for fund transfers, prepaid mobile reloads, ticketing and bill payments.The app is expected to complement 5,000 point of sales terminals deployed in Bangladesh by Mobility i for providing Meghna's mobile financial services.
3PW  4LN  LB 
february 2018 by lafgrp
WhatsApp trials inter-bank money transfer service in India | The Paypers
QUOTE This announcement marks the official launch of WhatsApp’s new service as NPCI is the body set up by the central bank and lenders to oversee payment services. Four banks will join United Payments Interface (UPI) - which powers the payments service - for WhatsApp, NPCI said. At present, India’s third-biggest lender ICICI Bank processes the fund transfers on WhatsApp, the application shows.
3PW  4LN  LB 
february 2018 by lafgrp
Instarem teams with Ripple for Southeast Asia payouts – FinTech Futures
QUOTE RippleNet is its enterprise blockchain network of banks and other financial institutions which provides real-time messaging, clearing and settlement of transactions.The new partnership will allow RippleNet to offer its corporate and SME customers “hassle-free” payouts to a number of destinations in the region.
3PW  4LN  LB 
february 2018 by lafgrp
Indian bank hack bears hallmarks of Bangladesh Bank heist
QUOTE Two years after the infamous Bangladesh Bank hack, an Indian bank says that cybercrooks compromised the bank's connection to the Swift messaging system to make three fraudulent transfers worth nearly $2 million.
3PW  4LN  LB 
february 2018 by lafgrp
RBL, Oxigen Collaborate On Expense Management | PYMNTS.com
QUOTE The tool, OEMS, is part of the companies’ efforts to further digitize back-office functions for small businesses and larger enterprises, reports said. The product also marks Oxigen’s expansion into the corporate finance space, adding onto the company’s existing consumer mobile wallet services.
3PW  4LN  LB 
february 2018 by lafgrp
WhatsApp releases person-to-person payments into beta in India | The Paypers
QUOTE The feature is currently in beta, but hasn’t been publicly announced because it’s not widely available at this time, according to TechCrunch. The company has been working on support for a payments feature for some time, which would take advantage of UPI (Unified Payments Interface) and include support by a number of Indian banks, including State Bank of India, ICICI Bank, HDFC Bank, and Axis Bank.
3PW  4LN  LB 
february 2018 by lafgrp
Japanese financial authorities inspect digital currency exchanges | The Paypers
QUOTE This action follows a massive theft of digital money worth 58 billion yen (USD 533 million) from Coincheck. On Friday, January 26, Coincheck, a large Japanese digital currency exchanges, was hacked, with USD 534 million worth of virtual assets lost in the attack. Moreover, the agency decided to inspect the operators after looking into Japanese digital currency exchanges reports.
3PW  4LN  LB 
february 2018 by lafgrp
NCR overhauls ATM network at BankDhofar, expands ATM access in India – FinTech Futures
QUOTE NCR also announced a special deployment of its ATMs in remote areas of India in an effort to better reach the underbanked. The company said the deployment of the small-footprint, SelfServ Select Edition Cash and SE Recycle ATMs will enable financial institutions to provide cash more readily to an economy that is more than 19% unbanked and conducts more than 50% of its retail transactions in cash.

“Financial inclusion is emerging as a new paradigm of economic growth that plays a major role in driving away poverty from the country by reaching and serving the underserved,” says Jose Resendiz, VP and GM for NCR Financial Services.
3PW  4LN  LB 
february 2018 by lafgrp
India Post Payments Bank ready for nationwide roll-out – FinTech Futures
QUOTE The bank has received an investment of INR 14.5 billion ($225.2 million). Initially, the INR 8 billion ($124.3 million) fund was approved for IPPB, but “due to some cost escalation” the investment was nearly doubled, according to Nanda. “This includes investment in hardware, software, training and staff cost, among others,” explains Nanda.
3PW  4LN  LB 
february 2018 by lafgrp
Hong Kong regulator warns on cryptocurrency risks; takes action aga...
QUOTE The SFC has also written to seven ICO issuers. Most of them confirmed compliance with the SFC's regulatory regime or immediately ceased to offer tokens to Hong Kong investors. The SFC will continue to closely monitor ICOs, and will not tolerate any violations of the securities laws of Hong Kong.
3PW  4LN  LB 
february 2018 by lafgrp
Asia-Pacific fintech market to reach US$72 billion by 2020, finds F...
QUOTE The Fintech industry in the Asia-Pacific region is expected to grow at a CAGR of 72.5% from 2015 to 2020, reaching US$72 billion. The positive outlook is fuelled by growth in digital payments such as increasing adoption of cashless payments by small and medium sized enterprises. There is also more widespread awareness of the viability of using P2P financing as well as new methods of crowdfunding using Blockchain, which will lead to growth in the personal and business financing segment.
3PW  4LN  LB 
february 2018 by lafgrp
Russia's Tinkoff Bank opens development hub
QUOTE Tinkoff says that the new hub will help it research new technologies, acting as a base where prototypes can be developed relating to areas such as crypto economics and voice and facial recognition.
3PW  4LN  LB 
february 2018 by lafgrp
Japanese startups race to launch paying by fingerprint- Nikkei Asian Review
QUOTE Liquid, a Tokyo-based financial technology startup, is leading Japan's shift away from cash and credit cards. The company's technology allows users to complete payments by simply placing their fingers on a device, which has now been made available at 1,000 points across the country. Credit cards can be registered and balances can be charged online in advance.
3PW  4LN  LB 
february 2018 by lafgrp
Wing, WorldRemit to offer instant money transfers to Cambodia | The Paypers
QUOTE The new service enables the Cambodians living and working in over 50 countries, including the US, France, Australia and Canada, to send money to Wing’s more than one million mobile banking accounts. Account holders are then able to send money domestically, pay bills, use these funds in over 8,000 merchants, or simply cash out through Wing’s agent network.
3PW  4LN  LB 
february 2018 by lafgrp
ICICI Bank to invest in biometric startup Tapits Technologies | The Paypers
QUOTE The primary objective of the investment is to promote digital and Aadhaar-enabled payments, the deal being expected to be completed by the end of February 2018
3PW  4LN  LB 
february 2018 by lafgrp
tmw acquires Indian mobile payments startup Trupay | The Paypers
QUOTE Truepay is a UPI and Bharat QR enabled payments platform that provides plug and play payment solutions. The company was backed by M&S Partners Japan and venture capital company Kae Capital. The acquisition of Truepay will enable tmw merchants to collect payments using UPI and Bharat QR.
3PW  4LN  LB 
february 2018 by lafgrp
Alipay, Valoot to promote mobile payments in Hong Kong | The Paypers
QUOTE During the campaign, drivers of 200 taxis co-branded under Alipay and Valoot will actively introduce the new payment alternative to passengers. First-time users will receive a sign-up bonus of HKD 55 when they install AlipayHK. All AlipayHK users will also receive HKD 10 off from their first taxi transaction during the campaign.
3PW  4LN  LB 
february 2018 by lafgrp
Mastercard committed to support gambling market in Russia | The Paypers
QUOTE Some experts believe that Russia’s absence in such a list gave rise to grey schemes on the payment market. Russian bookmaker Leon’s press-service says that the move will lead to the development of the legal online betting market in Russia.
3PW  4LN  LB 
february 2018 by lafgrp
Ripple opens gateway to Chinese e-commerce market with LianLian
QUOTE Under the agreement, LianLian will use Ripple's xCurrent settlement platform to support the influx of global payments sent to the Chinese e-commerce market from other RippleNet member banks across Asia, the US and Europe.
3PW  4LN  LB 
february 2018 by lafgrp
First Data, SBI Card sign card processing agreement - Cards International
QUOTE: Commenting on the agreement, First Data executive vice president and head of Asia Pacific Ivo Distelbrink said: “As India continues its path towards demonetisation, the country remains an important market for us, and we are uniquely positioned as a leader of both card issuance and acquiring solutions in India, driving innovation with mobile and digital solutions.
3PW  4LN  LB 
january 2018 by lafgrp
WING, Mastercard partner for financial inclusion in Cambodia | The Paypers
QUOTE: Research by the Asian Development Bank indicates that implementing digitally-driven financial inclusion solutions could boost Cambodia’s Gross Domestic Product by 6%. In emerging markets like Cambodia, access to seamless payments systems is key to unlocking inclusive growth. According to research from Oliver Wyman and the Asian Development Bank, nearly 87% of adult consumers in Cambodia do not have bank accounts. Moreover, the latest projections from the International Monetary Fund indicate that Cambodia has tracked a leap in Gross Domestic Product by 6.9% in 2017.
3PW  4LN  LB 
january 2018 by lafgrp
Paytm Payments Bank rolls out physical RuPay debit cards | The Paypers
QUOTE: Paytm users will be able to transact digitally with more choices, using their Paytm UPI IDs to pay at any of the 6 million Paytm partner retail outlets across India. Paytm UPI IDs are being accepted across all banks and UPI apps.
3PW  4LN  LB 
january 2018 by lafgrp
« earlier      
per page:    204080120160

related tags

1PW  3PW  4LN  F571  LB 

Copy this bookmark:



description:


tags: