by Florin Oprea
Yuvraj Malik, Anirban Sen – Livemint
Paytm, operated by One97 Communications, is in advanced talks to acquire two deals platforms, Nearbuy and Little, both of which offer discount deals at restaurants, salons and commercial establishments.
FAO: Earlier this year, in May, Paytm raised $1.4 Billion from Japan’s SoftBank. We covered this deal during our soft launch.
Nirmalya Behera – Business Standard
The Bengaluru-based Datasigns Technologies has raised $1.5 million in pre-series A funding from SRI Capital, Beenext and Pravega.
FX digital currency provider, FlashFX, is the first Australian company to receive an Australian Financial Services Licence (AFSL) from Australian Securities and Investments Commission (ASIC) to transfer money internationally using blockchain technology.
FAO: Good job! And the Aussies say they have a money service operator licence to operate in HK. Australia is competing with Singapore and HK on the region’s fintech scene and the Australian government is a strong backer of the sector. Check our Archive to find out more.
Melissa Cheok – Bloomberg
In tech-savvy Singapore, where almost everyone has a smartphone, nine out of 10 people still prefer to pay for everyday transactions the old-fashioned way – with cash.
DNT: Old habits die hard…and it takes time to embrace new technologies. But, eventually, this will happen.
FAO: Singapore is changing, it’s changing the world of fintech and therefore it’s a constant presence in our newsletter. We are happy to observe the city state’s progress. There is some more content about Singapore in today’s bulletin.
Mitsubishi UFJ Financial Group will launch a financial technologies unit Oct. 1 in collaboration with 32 regional banks nationwide.
FAO: Some of the announced partners: Fukuoka Financial Group, Chiba Bank, Aomori Bank, 77 Bank and Nagano-based Hachijuni Bank.
China’s leading mobile and online payment service Alipay launched its operations in Norway on Monday to boost Chinese customers’ shopping experience in the Nordic country.
FAO: The Chinese “invasion” of Europe’s fintech is on full swing…
Via Crowdfund Insider – Former ME Bank CMO, Rebecca James, Joins Prospa As Chief Marketing & Enterprise Officer
Anne Karumo – e27
Singapore being a financial hub will see us at the forefront of new trends, new technologies and thought leadership in this space
Upcoming event: Index Ventures is coming in force to TechCrunch Disrupt Berlin this December – details HERE
Upcoming event: Immersion Tour Hong Kong FinTech Week, 23-27.10.2017 – details HERE
FAO: Send me an email if you need even more details regarding the HK event.
FAO: Florin Adrian Oprea, Editor-in-chief FinTech Daily News
DNT: Decebal Nicolaie Todarita, Editor FinTech Daily News