FinTech Daily News – Edition 46, 05.09.2017
September 5, 2017
FinTech Daily News – Edition 48, 07.09.2017
September 7, 2017

FinTech Daily News – Edition 47, 06.09.2017

FinTech Daily News

by Florin Oprea

Edition 47, 06.09.2017

Deals, Investments & M&As

Paytm In Talks To Buy Deals Start-Ups Nearbuy And Little

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.

FinTech Startup Datasigns Technologies Raises $1.5 Mn For Shubh Loans

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.

Payments

FlashFX First Off The Block To Use Blockchain For International Money Transfers And Launch Into Asia

PR Wire

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.

For All Its Tech Savvy, Singapore Still Prefers Cash Over Digital Payments

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.

MUFG Plans ‘Fintech’ Unit To Focus On Cashless Settlements, Automation

Japan Times

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 Alipay Enters Norway

Xinhua Net

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…

FinTech People

Via Crowdfund Insider –  Former ME Bank CMO, Rebecca James, Joins Prospa As Chief Marketing & Enterprise Officer

Accelerators & Hubs

Fintech Can Be Exciting, But Purposeful Fintech That Impacts Livelihoods Elevates The Meaning Of Success

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

Events

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