lafgrp + lb   65

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.”
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yesterday 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.
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yesterday 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.
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yesterday 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.
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yesterday 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.
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yesterday 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.
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yesterday 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.
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11 days ago 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.
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11 days ago 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.
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11 days ago 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.
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11 days ago 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.
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11 days ago 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.
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11 days ago 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.
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11 days ago 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.
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15 days ago 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.
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15 days ago 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
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15 days ago 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.
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15 days ago 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.
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15 days ago 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.
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15 days ago 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.
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15 days ago 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.
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23 days ago 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.
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23 days ago 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.
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23 days ago by lafgrp
VietinBank to issue Diners Club cards in Vietnam | The Paypers
QUOTE: The bank will issue Diners Club cards as both standard and contactless cards, catering for the rapid growth of contactless terminals in the country. The agreement marks a new step for the diversification of products in the card market in Vietnam, providing a new modern payment tool for customers to choose.
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23 days ago by lafgrp
Samsung Pay now officially live in Mexico | The Paypers
QUOTE: In Mexico, Samsung has partnered with several financial entities, including payment providers (American Express, MasterCard and Visa); banks (Banorte, Banregio, Citibanamex, HSBC and Santander); and banking acquirers/services/tools such as Clip and iZettle.
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23 days ago by lafgrp
eCurrency Mint and Rizal to launch digital cash in Philippines | FinTech Futures
QUOTE: RCBC says it’s in support of the regulatory sandbox initiative introduced by Bangko Sentral ng Pilipinas (BSP), the central bank. Recently, the BSP released the results of a survey that showed that 86% of Filipino households do not have bank accounts. RCBC is keen to tap into the financial inclusion market.
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23 days ago by lafgrp
Alibaba Cloud brings big data programme to Malaysia | FinTech Futures
QUOTE: Backed by Malaysia Digital Economy Corporation (MDEC), the aim is to incubate 500 data professionals and 300 start-ups in Malaysia within two years by using data intelligence technology through Alibaba Cloud’s cloud computing infrastructure and artificial intelligence (AI) capabilities.
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23 days ago by lafgrp
Western Union opens Indian tech centre
QUOTE: Hikmet Ersek, president and CEO, Western Union, says: "Innovation is hard wired in our DNA. As the company that invented the concept of digitizing money, Western Union is uniquely positioned at the intersection of money and technology.
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23 days ago by lafgrp
SoftBank: The New PayPal Alternative? | PYMNTS.com
QUOTE: The idea is this: By creating the system as a consortium, the digital payments platform could cut costs and make it easier to roll out digital products and services. Sources familiar with the idea told The Times the plan is to create a “smartphone as a bank.” The report noted that to get such a service off the ground, SoftBank would have to purchase a large financial software company — with one potential target being Temenos, the Swiss technology company whose software is used by 41 percent of the world’s biggest financial institutions. Last week, Temenos denied a rumor that SoftBank had reached out, after its stock jumped by double digits. SoftBank declined to comment, noted the report.
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23 days ago by lafgrp
Walmart, Rakuten Pair On Grocery Delivery | PYMNTS.com
QUOTE: “Rakuten is a strong eCommerce business, and we’re excited to collaborate with the top online shopping destination in Japan,” Walmart President and CEO Doug McMillon told Chain Store Age. “We look forward to expanding our grocery footprint in Japan and launching a new offering of eBooks and audiobooks for our customers in the U.S.”
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23 days ago by lafgrp
One-third of Korea’s smartphone users to make mobile payments in 2018
QUOTE: “Adoption is far from mainstream right now, but competition between Samsung Pay, Android Pay, LG Pay and more will continue to drive growth. We expect user penetration to reach just over a quarter of the population by the end of this year, one of the highest in the world.”
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28 days ago by lafgrp
Concerns over Worsen Speculation Frenzy: China’s OKCoin to Make Debut in S. Korea, Provoking 2nd Round of War with Exchanges | BusinessKorea
QUOTE: According to investment banking (IB) industry sources on January 21, the upheaval in the cryptocurrency exchange market is forecast to come about as China’s OKCoin will be launched in South Korea next month and Bithumb and Coinone, the second and third largest exchanges in the nation, are to open their new transaction systems and to release their mobile applications.
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28 days ago by lafgrp
Amid Concerns Over Customers’ Opposition: S.Korean Card Firms Block Payments in Foreign Cryptocurrency Exchanges | BusinessKorea
QUOTE: Card companies have adopted the system in line with the government’s efforts to tackle speculative investment in virtual currencies. However, they express concerns over the opposition from domestic investors. This is because it can lead to a legal dispute when a customer file a suit as there is no clear legal basis on banning the payment in foreign exchanges. In addition, investors can purchase digital currencies through foreign simple payment systems, including Paypal. Therefore, there is a growing controversy over effectiveness as the measures cannot completely prevent investors from using overseas exchanges.
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28 days ago by lafgrp
Paytm launches app to collect digital payments from SMEs | The Paypers
QUOTE: The merchants can use generate their QR code instantly with the help of the app, print it and begin processing it at their shops in order to accept unlimited payments directly into their bank accounts without any charge.
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28 days ago by lafgrp
Wirecard to streamline money transfers in India | The Paypers
QUOTE: The agents operated by Wirecard are mostly shop owners who provide digital financial services to their customers – for example remittance services, bill payments or bookings of bus, train and flight tickets. In addition, they can now receive money from friends and families abroad as well.
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28 days ago by lafgrp
Paytm Money to focus on Investment and Wealth Management | The Paypers
QUOTE: Rumors of Paytm’s plans to expand its financial services offerings have stated from November 2017. The ability to issue loans, debit cards and other investment and wealth management services could make Paytm one of the biggest digital banks in the world.
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28 days ago by lafgrp
NTT-AT to distribute Trusona ID tech in Japan | FinTech Futures
Quote: Identity authentication company Trusona has formed a distribution partnership with NTT Advanced Technology (NTT-AT), a Japanese telco. This follows the Arizona-based firm’s Asia Pacific launch last August, when it opened offices in Japan, reports Julie Muhn at Finovate (FinTech Futures’ sister company).
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28 days ago by lafgrp
KinerjaPay Transitions to Token Payment Platform with Guidance from Blockchain Industries | Markets Insider
QUOTE: To facilitate the transaction volume of KCOIN with other cryptocurrencies, KinerjaPay plans to launch KryptoPay, its own international trading platform. Blockchain Industries, in partnership with Global Fintech Consultants, has entered into an agreement with KinerjaPay to develop and launch the coin exchange in Southeast Asia. Blockchain Industries will receive one million shares of KinerjaPay for their role in developing and operating the exchange.
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5 weeks ago by lafgrp
Digital transactions surge 11 percent in December 2017 but card transactions decline
According to the NPCI data, the jump in the number of digital transactions came from payments made using the Unified Payments Interface (UPI). It is an instant real-time payment system that facilitates inter-bank transactions.The bankers suggested that the transactions on the UPI platform have surged due to the entry of Google Tez and Paytm.
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5 weeks ago by lafgrp
Mastercard to up debit card use - Times of India
QUOTE: According to Porush Singh, Mastercard's division president for South Asia, the stage is set for a shift in spend from cash to debit cards. The government recently announced a waiver in merchant discount rate (MDR, or the charges banks deduct from card payments) on small transactions. Additionally, the number of point of sales terminals (PoS, or card swipe machines) have doubled to close to 30 lakh. The number of active users has gone up sharply too.
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5 weeks ago by lafgrp
No cash here -- Japan finally embraces alternative payments- Nikkei Asian Review
QUOTE: It is a good sign that Japan's long-awaited shift toward a cashless society is finally underway, driven by a labor crunch in the food services and retail industries, and a sharp rise in foreign tourists to the country.

Cashless payments could even emerge as a new driver of economic growth, thanks to widespread use of smartphones and electronic money. 
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5 weeks ago by lafgrp
Alternative payments to fuel digital commerce in Asia Pacific | Retail Tech Innovation | Enterprise Innovation
QUOTE: Asia Pacific is at the forefront of a global trend toward increasing complexity in the online payments market; this is according to new report from leading payments company Worldpay, which has found that consumers across APAC increasingly prefer to pay online via alternative payment methods such as e-wallets, bank transfers and cash on delivery.
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5 weeks ago by lafgrp
Trend Lab Secures Funding For AI Tech Ambitions | PYMNTS.com
QUOTE: In a press release issued Tuesday (Jan. 16), the company said it raised more than $12.7 million from angel investors. Trend Lab was established in less than three months by its Founder and CEO Tin Mok, reports said, who wants to enhance FinTech across Hong Kong and the Asia-Pacific region.

“The application of AI technology in the FinTech industry across the Asia-Pacific region is still in its embryonic stage, and most technologies — including smart customer service, Big Data analysis, customer relations management, enterprise resource planning, business acquisitions, electronic payments, corporate credit rating systems and more — require a high degree of integration to unleash their full corporate value,” Mok said in a statement. “Of these, Big Data, blockchain and AI are integral to a successful and progressive FinTech industry.”
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5 weeks ago by lafgrp
Discover Increases Acceptance in Hong Kong | Payment Week
QUOTE: To expand into Hong Kong, Discover Global Network was able to leverage the existing acquiring partnership between JCB and First Data to accept all cards that run on Discover Global Network including Discover, Diners Club and affiliate network cards through Discover’s current net-to-net relationship with JCB.
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5 weeks ago by lafgrp
Blockchain-based Authentication Platform: Samsung SDS to Develop Blockchain Technology that Will Replace 'Active X' | BusinessKorea
QUOTE: Samsung SDS announced on January 17 that the company would release an electronic authentication platform technology based on blockchains through its in-house venture start-up. The company’s new platform simplifies an authentication system based on the security of blockchains. The new solution is expected to be able to replace ActiveX and financial authentication certificates which forced users to undergo a lot of inconvenience due to many steps for electronic payment or personal authentication several times.
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5 weeks ago by lafgrp
Nam A Bank, JCB to develop card services in Vietnam | The Paypers
QUOTE: According to the agreement, the bank becomes an official licensee of JCB and has the right to issue all types of cards, including credit cards, debit cards and prepaid cards. Cardholders will be eligible for promotional offers, incentives from JCB, and other from Nam A Bank.
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5 weeks ago by lafgrp
iGTB SCF platform selected by the Bank of Baroda | The Paypers
QUOTE: With a USD 418 billion finance gap in the Indian SME sector alone, the roll-out of the digital platform will extend new financing and working capital opportunities to the bank’s clients - and their partners - expected to boost the number of digital transactions across the nation. Prime Minister Narendra Modi’s “Digital India” initiative - which aims to drive economic development through wide-ranging digital transformation across the country - has set an ambitious target of reaching 25 billion digital transactions in 2017-18.
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5 weeks ago by lafgrp
Vitenam ecommerce market boosted by new investment from China | The Paypers
QUOTE: JD will partner with Tiki in a range of areas, including merchandising, cross-border trade, logistics and fulfillment, technology, financing and operational capabilities.

The partners will also offer consumers a wider selection of global brands, while helping Vietnamese local brands to expand internationally via JD's global platform.
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5 weeks ago by lafgrp
Amazon India: digital payments account for over 60 percent in 2017 | The Paypers
QUOTE: A large share of this growth is due to the Amazon Pay wallet, as balance loaded by customers grew 409% year-on-year. Amazon Pay wallet was launched in June 2017 and now accounts for 48% of all digital transactions on the platform.
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5 weeks ago by lafgrp
IBM and Cargills Bank bring cognitive security thrills to Sri Lanka | FinTech Futures
QUOTE: The solution helps the bank manage and analyse the large volumes of unstructured information coming from multiple external streams, and compare it with the latest information about potential threats coming from within their systems to get a “complete picture of the threat and thereby correlate the data to obtain actionable insights”.
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5 weeks ago by lafgrp
Rideshare Grab Acquires FinTech Startup iKaaz | PYMNTS.com
QUOTE: Grab, the Southeast Asia ridesharing company, has inked a deal to acquire iKaaz, the mobile payment startup hailing from India. According to news from TechCrunch, under the deal, the engineering team of iKaaz will join Grab’s engineering office in Bangalore, which opened in 2017. Specific terms of the acquisition were not disclosed.
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5 weeks ago by lafgrp
Baroda, iGTB Partner For Supply Chain Finance | PYMNTS.com
QUOTE: Reports in Business Standard on Wednesday (Jan. 17) said iGTB (Intellect Global Transaction Banking) is integrating its supply chain solutions into Baroda to offer to its own corporate customers. In addition to supply chain finance, the platform provides payable and supplier finance. The companies said the solution can integrate across channels and supports data analytics to boost reporting capabilities.According to Baroda and iGTB, the collaboration will boost automation and through processing to reduce global transaction costs, reports said.
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5 weeks ago by lafgrp
South Korea Bitcoin Ban Leaves Traders Unfazed | PYMNTS.com
QUOTE:Reuters reports that if a trading ban does indeed come to pass, some investors and traders would find it “relatively easy” to work around any restrictions imposed by the government. At this writing, bitcoin has lost about a third of its value in just the past several days. But no sweat for traders, said the newswire, or, as they are commonly known, “hodlers.” The way to get around the crackdown? Hodlers interviewed by Reuters said the trick is not to trade on local exchanges but to buy and sell abroad. Said one unnamed student of opening accounts outside their home country, “I can ask my friends who study abroad or travel there myself. It’s not that big of a problem.”
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5 weeks ago by lafgrp
Mambu banking engine powers Kreditech’s lending leap to India | FinTech Futures
QUOTE: Kreditech has selected Mambu’s Software-as-a-Service (SaaS) banking engine for its push into India’s lending market.
The firm currently operates in Europe and Latin America and says it will expand into the sub-continent in early 2018, together with its partner PayU, a payments provider and a Mambu client in Latin America.
The engine will let Kreditech launch a short-term lending product tailored to local consumer and regulatory needs.
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6 weeks ago by lafgrp
Janata Bank moves merged and acquired banks to Oracle FFS Flexcube | FinTech Futures
QUOTE: Nepal’s Janata Bank has moved new data from merged and acquired entities to the Oracle FSS Flexcube core banking system with the help of JMR Infotech. The data from the merged Triveni Bikas Bank and the recently acquired Siddhartha Development Bank were moved to Flexcube. (Janata chose Flexcube back in 2009 and the two new banks are now on the same system.)
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6 weeks ago by lafgrp
Alfa-Bank and HashCash unleash blockchain-powered payments | FinTech Futures
QUOTE: Russia’s largest commercial bank is making waves. Alfa-Bank has initiated a collaboration with HashCash, a private, permissionless, digital cash system, reports Julie Muhn at Finovate (FinTech Futures’ sister company).Through the partnership, HashCash will create a payment router and clearing house where all transactions are sent to Alfa-Bank on the blockchain.
3PW  4LN  LB 
6 weeks ago by lafgrp
LG Wallet Digital Payments Coming To U.S. | PYMNTS.com
QUOTE Citing LG, the Yonhap News Agency reported that the payment system will be launched in the first part of 2018, timed to coincide with the release of a new mobile phone. LG Pay has been available in South Korea since June, in an effort to compete with rival Samsung Electronics’ digital payment system. Samsung Pay is currently active in 18 countries, including the U.S., China, Australia, the U.K., Singapore, Spain and Switzerland.
3PW  4LN  LB 
6 weeks ago by lafgrp
Money Transfer Added To Samsung Pay App | PYMNTS.com
QUOTE “Previously, when you registered an account on the app, you could only make deposits and withdrawals from ATMs. However, you can now transfer money by just utilizing the app,” said a Samsung official.
3PW  4LN  LB 
6 weeks ago by lafgrp
Buffett rubbishes cryptocurrencies; South Korea preps exchange crac...
QUOTE Warren Buffett, arguably the world's most successful and respected investor, has issued a scathing assessment of cryptocurrencies and predicted a "bad ending" for the current bitcoin boom. His comments appear well-timed following reports that South Korea is planning a potential ban on cyprtocurrency trading - news that has led to sharp drop in bitcoin value.
3PW  4LN  LB 
6 weeks ago by lafgrp
Tax Investigation into Bitcoin Exchanges: Korean Gov’t Begins Tax Audits of Bithumb, Coinone | BusinessKorea
QUOTE The investigation is to get information about traders of digital currencies like bitcoin and suspected tax evasions of the exchanges. Under the current law, virtual currencies are not a property liable for taxation and the NTS doesn’t have information about their financial transactions. This is why market watchers say that the NTS is conducting the investigation to secure the current data on digital currency financial transactions and information about investors. The industry also says that virtual currencies are being used for money laundering and gift and inheritance tax evasion. The government also needs to grasp a source of taxation in order to impose taxes in the future.
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6 weeks ago by lafgrp
Adyen's omnichannel model positions it well in the tough acquiring space | PaymentsSource
QUOTE Historically the industry segregated e-commerce, mobile commerce and payments at the physical pos, but those distinctions are blurring. Adyen touts omnichannel. It made its bones online. However, notwithstanding integrated support, Adyen faces a tough slog at the physical point of sale against well-entrenched competitors. Ingenico alumnus Jean-Marc Thienpont is leading the point of sale charge.
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6 weeks ago by lafgrp
Hubilu Offers Students to Make Rental Payments in Bitcoin, Ethereum, Bitcoin Cash and Litecoin CryptoCurrency using the Coinbase Digital Currency Exchange. OTC Markets:HBUV
QUOTE David Behrend, Chief Executive Officer stated, “Cryptocurrency is transforming modern high tech and financial markets, making payment transactions easier for everyone as it becomes a more accepted world-wide based payment system. As part of our continued growth, we believe in creating opportunities for our customers and tenants, and strive to add value for our shareholders.  By accepting crytocurrency for rental payments, we believe Hubilu to be one of the early landlords to adopt this alternative form of payment that Millennials and Gen-X are quickly adopting. We know the importance of digital payment systems and believe in the long term adoption of cryptocurrency. Rent payment has never been easier!”
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6 weeks ago by lafgrp
Amazon Bank: When Will Banking's Worst Nightmare Come True?
QUOTE Traditional banking providers are definitely vulnerable. In a Bain & Company survey of more than 133,000 banking customers in 22 countries, consumers said they trust Amazon and PayPal with their money nearly as much as their banking provider. Some 55% of U.S. consumers said they are open to buying financial products from established tech firms. And 73% of Millennials said they would be more excited about a new financial offering from the likes of Amazon, Google, Paypal or Square than from their bank.
3PW  4LN  LB  F571 
6 weeks ago by lafgrp
UniCredit Launches Real-Time X-Border Payments
QUOTE Italian bank UniCredit has launched its real-time, cross-border payments solution aligned with the European Union’s (EU) SEPA Instant Credit Transfer scheme (SCT Inst), reports said Friday (Jan. 5).

According to Global Trade Magazine, UniCredit deployed the solution to facilitate real-time payments between Italy and Germany; its first transaction took 2.5 seconds, the bank said. According to the financial institution (FI), it is the first to offer real-time payments in Germany.
3PW  4LN  LB 
6 weeks ago by lafgrp
Blockchain Banking Startup BABB Names New CIO | PYMNTS.com
QUOTE Blockchain-based challenger bank BABB — which stands for Bank Account-Based Blockchain — has hired a new CIO. The company said Thursday (Jan. 4) that bank technology veteran Paul Johnson will take up the position. Johnson previously served as chief of another U.K. challenger bank Aldermore, at which he oversaw its IPO in 2015. BABB is planing its own initial coin offering (ICO) later this month. “I can only see blockchain technology as the next step in this evolution of payments and asset transfer in the future,” he said in a statement announcing his position at BABB. “The BABB proposition highlights this extremely well with the ‘everyone is a bank’ concept, and I am excited to be joining the team to build this platform.”
3PW  4LN  LB 
6 weeks ago by lafgrp

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