Apple rolls out Apple Card Preview to select users
Apple Card is getting its first group of public test users today. A limited amount of customers that signed up to be notified about the release of Apple Card are… Read more »
Category: online payments
Visa pitches a program offering fintechs faster market access through an ecosystem of partners
Visa is pitching a new way for startups in the fintech space to get to market faster by using its rails and a group of pre-approved partners. The Fast Track… Read more »
Razer goes big on payments with Visa prepaid card
The latest pairing between a tech upstart and a financial titan is a digital prepaid card targeted at Southeast Asia’s 430 million-plus unbanked and underserved population. On Monday, Razer, the… Read more »
Millions of Venmo transactions scraped in warning over privacy settings
A computer science student has scraped seven million Venmo transactions to prove that users’ public activity can still be easily obtained, a year after a privacy researcher downloaded hundreds of… Read more »
Luxembourg to get €100M investment from Chinese payments startup Pingpong
For financial services firms looking to enter Europe, Luxembourg has historically been a popular anchoring point for its political and economic stability as well as a favorable regulatory environment. Another… Read more »
India’s Mswipe raises $30M to grow its smart point-of-sale terminal business
Mswipe, an Indian fintech company that develops point-of-sale terminals for merchants, has pulled $30 million in new funding as it bids to triple its reach to 1.5 million merchants over… Read more »
Amazon and Flipkart pull 100,000s of products to comply with new Indian law
Amazon has been forced to pull an estimated 400,000 products in India after new regulation limiting e-commerce businesses went into force in the country today. First announced at the end… Read more »
Momo, Vietnam’s top payment app, lands big Series C investment led by Warburg Pincus
Fintech in Southeast Asia continues to pique the attention of global investors. Alibaba, Tencent and others have jumped into the region and deployed hundreds of millions of dollars, and now Warburg… Read more »
New policy puts revenue squeeze on China’s payments giants
The era that saw China’s mobile payments providers making handsome interest returns on client money has officially ended. Starting this week, non-bank payments companies must place 100 percent of their… Read more »
Alibaba-backed Hellobike bags new funds as it marches into ride-hailing
2018 has been a rough year for China’s bike-sharing giants. Alibaba-backed Ofo pulled out of dozens of international cities as it fought with a severe cash crunch. Tencent-backed Mobike puts a… Read more »
New e-commerce restrictions in India just ruined Christmas for Amazon and Walmart
The Indian government is playing the role of festive party pooper for Walmart and Amazon after it announced new regulations that look set to impede the U.S. duo’s efforts to… Read more »
WeChat e-wallet teams up with Line to target Japan’s 7M Chinese tourists
China’s biggest chat app WeChat is set to make its payments service more ubiquitous in Japan, a popular outbound desitnation for Chinese tourists. On Tuesday, the Tencent-run messenger unveils a… Read more »
11/11 shows biometrics are the norm for payments in China
Chinese consumers were quick to adopt digital payments, and a recent shopping binge showed they are ready for another leap: biometric payments. On November 11, Alibaba wrapped up Singles’ Day… Read more »
India’s Meesho, which enables social commerce via WhatsApp, raises $50M
Meesho, a Bangalore-based social commerce startup, has closed a $50 million investment to grow its business in its Indian homeland ahead of future international expansion. This Series C round means… Read more »