Regional

Africa’s Fintech Startups Are Innovating Out of Need and Global Investors Are Backing Them

It is hard to miss news of the several funding rounds recently raised by fintech startups in Africa. After pulling in almost a third of total funding raised by startups on the continent in 2017, the hot streak for African fintech businesses has continued this year.

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Japanese Bitcoin Exchange Is Robbed of $60 Million Worth of Cryptocurrency

Japanese cryptocurrency exchange Zaif has been robbed of $60 million worth of digital coins, its parent company Tech Bureau announced. Zaif was hacked on September 14th during a two-hour time frame. Three days later, it uncovered server problems and began to investigate. By September 18th, it confirmed it was hacked and notified authorities.

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Singapore’s Central Bank Calls Blockchain ‘Fundamental’ Tech to Change Financial Services

Singapore’s central bank is counting on blockchain, along with artificial intelligence, to serve as “fundamental” technologies that will help transform financial services, according to a senior official.

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Australians Increasingly Eschew Cash and Card for Mobile Payments

September 19, 2018 By: Steven Anderson Mobile payments are catching on just about everywhere, and Australia is serving as an excellent case-in-point example.

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Typhoon Won’t Delay Hong Kong’s Real-Time Payment Launch

Financial service providers in Hong Kong are readying to facilitate real-time payments for both corporate and non-corporate customers as the market’s Faster Payment System (FPS) comes into effect. Reports in Marketing Interactive on Tuesday (Sept. 17) said the Faster Payment System will launch Sept.

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ANZ Kicks Off Smartphone and Wearable-based Cash Withdrawals at ATMs

Customers of the Australia and New Zealand Banking Group (ANZ) can now ditch their plastic bank cards, with a few thousand of ANZ ATMs now accepting cash withdrawal via smartphones and smartwatches. The cash withdrawal function can be accessed at 2,4000 of the bank’s ATMs through Apple Pay, Samsung Pay, Google Pay, Gamin Pay, and […]

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Highlights From the 2018 UK Payments Market Report

2017 was an exciting year for the UK payments market. According to a recent study conducted by UK Finance, 38.8 billion payments were made in the UK in 2017 with 85 of those payments going to what the study cause spontaneous purchases and the other 15 going towards regular bills and commitments.

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Opening Up Inter-bank System FAST Will Spur Innovation, Create Better Services: Experts, Fintech Firms

Consumers can expect greater convenience and more innovative e-payment services when non-bank players get direct access to FAST, experts say.

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Westpac Launches Voice Payments

It wasn’t that long ago that moving money with the touch of a mobile phone button was considered cutting-edge. From this week, consumers will be able to pay someone simply by talking to their smart phone’s digital assistant and taking a scan of their face.

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China UnionPay to Enter European Market

The world’s largest payment card issuer, China UnionPay, is reportedly planning to enter the European market in a move that could cause serious competition for Visa and Mastercard.

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ANZ Adds Support for Digital Wallet ATM Withdrawals

Customers of ANZ will be able to use a mobile device equipped with Apple Pay, Samsung Pay, Google Pay, Garmin Pay and Fitbit Pay to withdraw cash from some ATMs, the bank announced today. The bank said that some 2400 ATMs now support the use of mobile devices for cash withdrawals via a contactless reader.

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Fund Transfers Between Alipay and WeChat Pay Around the Corner as Hong Kong Launches Faster Payments Service

Hong Kong customers of Alipay and WeChat Pay, the two dominant cashless payment operators in China, the world’s largest internet market, will be able to transfer funds from each other for the first time, through the Hong Kong Monetary Authority’s Faster Payment System.

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