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.
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.
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.
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.
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).
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.