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South African Authorities Urge Regulation of Crypto Sector, Aim to Do So by End of Q1 2019

Authorities responsible for regulating finance, banking and taxation in South Africa have issued a consultation paper stating that regulation of the cryptocurrency/digital token sector should be enacted forthwith and adjusted to accommodate innovation later: The IFWG and Crypto Assets Regulatory Working Group is of the view that regulatory action s.

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Fintech Predictions for 2019. Where We Have Been & Where We Are Going

As we head into a market correction, 2019 and beyond will be very interesting for the evolving Fintech industry. This sector of finance saw significant M&A activity and massive fundraising during the 2nd half of 2018 and I predict that we will see more of it again in 2019.

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China Launches Blockchain and Fintech Incubators in Guangdong “Finance High Tech Zone”

Twenty-eight Chinese blockchain and Fintech companies have found a home at a newly-inaugurated blockchain incubation centre located in the Guangdong Financial High-tech Zone, CSDN reports.

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Payments Fintech InstaReM Improves Service for SMEs

InstaReM says it is introducing a new feature to its money transfer platform that improves payments from SMEs. The company states that users in Southeast Asia making regular overseas payments to vendors, suppliers, and service providers, can now do so more quickly, transparently and at Zero-Margin FX Rates with the platform.

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French Fintech Lydia Introduces Google Pay to Users

Lydia, the French mobile payments firm, announced on Tuesday it is now offering Google Pay to all its Android users. The new service will allow users to contactless pay for their items. As previously reported, Lydia was launched in 2013 and claims it has become an essential app for 18-35 years olds.

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The Success Story of the Fintech Revolution in China

In the last couple of years, China has emerged as the global leader when it comes to the Fintech sector. It accounts for approximately 75 of the world market when it comes to online lending. It has seen tremendous growth in internet loan and third-party payment segments.

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PayPal Surpasses 250 Million Active Accounts

PayPal announced earlier this week it recently surpassed 250 million in the total number of active accounts on its global payments platform. The payments giant reported that this is a very important milestone for its company, and a key marker on its journey to fulfill its potential.

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S&P Warns Banks More Fintech Disruption Ahead

This week S&P Global published the Global Banks Midyear report for 2018. While credit conditions remain relatively good, the trade dispute, largely with China, is causing concern. Beyond the overall good economic environment there is a pressing issue when it comes to traditional banks.

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New Global Fintech Hub Report Puts China at Top, Silicon Valley in 2nd Place

In recent years most Fintech Hub reports have pegged the UK, and more specifically London, at the top of the list when it comes to ranking Fintech centers of excellence.

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