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What is the safest way for banks to go live with new tools in the height of a global pandemic? Remotely, of course! This is the reality that many bank and third party providers have faced over the past few months. Despite the complications that COVID-19 has brought to banks’ operations, many are still moving Read more…
QR code payments may not inherit the earth. But they may be one of the key technologies developing countries can leverage in order to bring both untaxed merchants and underbanked consumers into their formal national economies. These are some of the top level conclusions reached in the report – QR Code Developments May Disrupt the Read more…
Just yesterday we previewed our new all-digital FinovateAsia conference coming in July. Today we’ll give you a sneak peek at some of the talent who will be providing keynote addresses at this special, mid-summer event. Start-Ups and Digital Transformation The first day of FinovateAsia will feature an afternoon keynote address with Chris Skinner, financial services Read more…
A collaboration between TransferWise and Chinese payments and lifestyle services platform Alipay will enable TransferWise’s more than seven million users to instantly send yuan to Alipay users. All that senders require is the recipient’s name and their Alipay ID to have funds from 17 different currencies converted to Chinese yuan and transferred to the account Read more…
Financial commerce technology provider Wirecard announced today it has partnered with Grab, a super app based in Southeast Asia that provides users with everyday services including on-demand transportation and food delivery. Under the partnership Wirecard will process transactions made using Grab’s ewallet GrabPay in Malaysia, the Philippines, and Singapore. Grabpay, which is accepted by 600,000+ Read more…
The ruling is subject to appeal. But for now, advocates for cryptocurrency trading in India have won the day: the Supreme Court of India has overturned a ban on cryptocurrencies that was issued by the Reserve Bank of India in 2018. Specifically, the Reserve Bank forbade Indian banks from working with cryptocurrency exchanges out of Read more…
Two of the biggest themes in fintech – digital identity and the rise of fintech in Central and Eastern Europe – meet in the latest announcement from biometric authentication specialist and Finovate Best of Show winner iProov. The company’s facial recognition technology now makes it easier for users of SK ID Solutions’ Smart-ID Service in Read more…
Russia has a new tech billionaire. The $500 million raised by financial platform Revolut this week not only establishes the U.K.-based business as the country’s most valuable fintech. It also makes its founder and CEO, Moscow-born Nikolay Storonsky, the latest fintech billionaire to come from the Russian Republic. The investment was led by Technology Crossover Read more…
Buy now, pay later company Splitit landed a partnership today with payment platform Stripe. The agreement makes Stripe the payment facilitator for all new merchants who onboard with Splitit. This move is expected to speed up the onboarding process for Splitit’s new merchant clients. “With Stripe, we are able to not only immensely grow our Read more…
We are harnessing the collective wisdom of some of the most insightful fintech analysts and observers next week at FinovateAsia in Singapore. Our Power Panels, on October 14 and 15, will investigate key trends that are driving fintech innovation in the Asia Pacific region. A preview of the upcoming conversation is below. And if you Read more…
If there is one region where “A Tale of Two Fintechs” applies, that region is Asia. From blockchain-based innovations in trade finance to leveraging mobile to better serve the historically underbanked, fintech’s role in Asia is not just a tale of economic and technological development. Increasingly, it is a story of leadership in solving real Read more…
PearlPay’s mission is to create a unified payment network in the Philippines by providing an end-to-end payment solutions framework that will allow institutions to transform digitally properly. Features Affordable End to end Aggregated – each PearlPay solution integrates into a larger unified network allowing users and institutions alike to access more beneficial financial services Why Read more…