London just received a big boost to their fintech credibility with Facebook deciding to used the city as their hub...
Since WhatsApp began testing its payments feature in February of last year in India, it has processed about a million...
WorldRemit recently entered the U.S. market and already expects it to be their biggest market by year end; remittances sent from the U.S. back to home countries have risen to $66bn from $50bn in the last 5 years; immigrants are becoming more tech savvy and companies like WorldRemit see big potential as apps like WhatsApp have helped move people to use their phones more and more; WorldRemit has been driven in large part by relying on a number of different partners to help set up their expanding network; tax issues are still a big concern and recently receiving the NY approval, a 2 year effort, sets the company up to focus on scale. Source.
The payment operation, which has been awaiting regulatory approval for three years, will first focus on small merchants and will be implemented gradually in the South American country.
The fintech world is not taking the summer off. New developments are coming fast and furious, from fundraisings to product launches to government intervention.
Banking for brands startup Bond raised $32 million to capitalize on the exploding trend of B2B2C banking.
Samsung Money launched, leveraging SoFi’s infrastructure. As SoFi again seeks a national banking charter, they could become the de facto leader in this space.
Kabbage and Intuit launched small business bank accounts as extensions of their already deep relationships with SMBs.
And WhatsApp is trialing all sorts of financial services in India just as Chinese fintech super apps are being banned from the country.
New reports surfaced in the New York Times about Facebook’s secret plans in the cryptocurrency space; the company is building...
WhatsApp, Brazil Central Bank In Talks To Restore Payments Service Volcker Rule reforms expand options for raising VC funds CMG...
The use of messaging apps raises compliance issues that SnipperSentry addresses. This issue is not going away for fintechs and banks.
Metro Bank’s Harrow branch in London became the victim of a fake news story that caused customers to demand their...
Afterpay comes to physical stores in the US How Retailers Are Cashing In On A US Coin Shortage Google to...