Mobile Payments

fintech-news

Uber-rival Grab snatches Kudo to power up payments

South-East Asian Uber-rival Grab is boosting its payments powers with the acquisition of e-commerce and payments service Kudo.
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Square picks up struggling Yik Yak’s tech team for $3m

Payments company Square is taking struggling social app Yik Yak’s development team off its hands for $3m.
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Mazkara Internet buys Indian app startup BazingaLabs

Mazkara Internet has acquired mobile technology startup BazingaLabs, which has developed an app for users to find and book experiences, in a part equity, part...
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Thai event startup Event Pop raises Series A from corporate venture duo

Event ticketing and payments company Event Pop Holdings has raised an undisclosed Series A round from the venture capital arms of Intouch Holdings and...
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Go-Jek, Grab, Traveloka, EMTEK set sights on Fusion Payments

A triumvirate of Southeast Asian startups, together with Indonesian media and tech mogul EMTEK Group, are reportedly bidding for digital payments company Fusion.According to...
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Softbank looks to sell Snapdeal’s FreeCharge for less than 50%

Japanese web giant and investor SoftBank is reportedly in talks to sell Snapdeal-owned mobile wallet FreeCharge for as little as $150m to $200m.
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soCash takes $600,000 to replace ATMs

Singapore-based soCash has raised $600,000 to let users get cash from shops rather than ATMS. The investment comes from angel backers in the banking and tech industries.

Perpule closes seed funding for queue-jumping payments

In-store payments app Perpule has secured $650,000 in Seed funding led by Kstart a sister company of VC Kalaari Capital.
fintech-news

Snapdeal pumps $20m in payments arm FreeCharge

The Mumbai-based payments service was acquired by the e-commerce giant in April 2015 for $400m and competes with in the region with Alibaba-backed Paytm.

JP Morgan Chase buys tech behind failed CurrentC

JP Morgan Chase is ramping up its mobile payments offering through the acquisition of MCX payments technology.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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