21 February 2017
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Ant Financial to make $200 million investment in South Korea's Kakao Pay
Mobile & online

Ant Financial to make $200 million investment in South Korea's Kakao Pay

42 minutes ago  |  736 views  |  0 comments | 2 tweets | 2 linkedin

Ant Financial's bid to create a globe-straddling payments behemoth continues with a $200 million investment in Kakao Pay, a soon-to-be launched mobile finance subsidiary from South Korean e-commerce outfit Kakao.

TransferWise integrates with Facebook Messenger
Mobile & online

TransferWise integrates with Facebook Messenger

1 hour ago  |  1136 views  |  0 comments | 11 tweets | 6 linkedin

Money transmission scheme TransferWise is joining the chatbot revolution, creating an interface to Facebook Messenger to help users set up transfers from the US, UK, Canada, Australia or Europe.

Big banks join coalition to promote Ethereum uptake
Blockchain

Big banks join coalition to promote Ethereum uptake

1 hour ago  |  1462 views  |  0 comments | 3 tweets | 2 linkedin

A new Alliance to promote the uptake of Ethereum as the foundation for running smart contracts in Fortune 500 enterprises is set to host its inaugural meeting in New York next week.

Visa opens London innovation centre
Payments

Visa opens London innovation centre

3 hours ago  |  2052 views  |  0 comments | 6 tweets | 10 linkedin

Visa has opened its largest innovation centre to date in London, with the aim of hosting partners and clients from across Europe to collaborate on new ways to pay.

Russian banks co-operate on fintech accelerator
Retail banking

Russian banks co-operate on fintech accelerator

12 hours ago  |  2519 views  |  0 comments | 6 tweets | 2 linkedin

Four Russian banks are working in collaboration with MasterCard and Accenture to run a fintech lab and accelerator to engage with local startups and foster a co-operative spirit in the development of new banking products and services.

RBS to become fintech fund and high street outlet for challenger banks under HMT remedy
Start ups

RBS to become fintech fund and high street outlet for challenger banks under HMT remedy

19 hours ago  |  5245 views  |  0 comments | 31 tweets | 31 linkedin

The UK Government is proposing a package of measures worth £750 million which would transform state-owned RBS into a gateway for challenger bank access to the high street and small and medium-sized business market.

Ant Financial takes equity stake in Phillippine mobile money firm
Payments

Ant Financial takes equity stake in Phillippine mobile money firm

20 hours ago  |  2406 views  |  1 comments | 5 tweets | 5 linkedin

Ant Financial, the financial services arm of China's Alibaba, is taking a stake in Mynt, a mobile payment and credit service owned by Philippine mobile operator Globe Telecom.

High rate of defaults hit P2P lending sector
Risk & regulation

High rate of defaults hit P2P lending sector

21 hours ago  |  3863 views  |  1 comments | 17 tweets | 12 linkedin

Investors in the peer to peer (P2P) lending sector have seen their returns suffer due to a high rate of borrower defaults among start-ups, reports the Wall Street Journal (WSJ).

QR code-based payment initiative rolls out in India
Cards

QR code-based payment initiative rolls out in India

20 February 2017  |  3414 views  |  1 comments | 8 tweets | 18 linkedin

A government sponsored quick response(QR)code-based payment service, IndiaQR, has launched today in India, heralding the next major step in its ambition to be a cashless society.

Asia catching US in value of fintech deals
Wholesale banking

Asia catching US in value of fintech deals

20 February 2017  |  2672 views  |  0 comments | 5 tweets | 7 linkedin

Venture capital investment in Asia-based fintech start-ups reached $5.4 billion in 2016 just shy of the $5.5 billion invested in the US.

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