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Powered by Visa Direct, the world leader in digital payments, cardholders will receive funds directly into their accounts in near real time.
Square Inc, the payments business co-founded by Twitter Inc co-founder Jack Dorsey, will pay $29 billion for buy now, pay later pioneer Afterpay Ltd.
The largest levels of funding were in the payments, money transfer, digital banking, digital lending and wealth management sectors.
The COVID-19 pandemic has speeded up the rise of digital payment methods such as contactless and card-not-present transactions, prompting card issuers to transform rapidly.
Also last year, the company launched a B2B marketplace called GrabMerchant to help more small businesses go digital.
Blockchain technology will attract increased investment, fueled by major fintech companies adopting cryptocurrency as a payment method.
French and Switzerland will focus trial on the bank-to-bank 'wholesale' lending market rather than everyday public transactions.
Payments companies are the background for fintech investment across the three regions, reflected in the report. B2B payments reign supreme among them.
Founders and investors are often obsessed by this arbitrary valuation threshold but a healthy, vibrant ecosystem is so much more that that.
HCMC, Government have approved a plan to inspirit 1,000 startups program by 2025 as part of efforts to become a Southeast Asian Innovation Hub.
There are more than 170 neobanks (neo-banking) in the world. Here is the most complete list of neobanks and mobile banks (not digital banking).
FinTech investments are expected to reach new heights in 2020. Even with the current state of the economy, many financial technology companies are seeing a surge in the stock market...
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