Australian Challenger Bank Xinja Raises $260mn
Australian based digital bank Xinja has raised a massive $260mn investment round from Dubai-based investor Emirates World Investments; Eric Wilson, CEO and founder ...
Digital Banks Will Struggle in Singapore
Singapore is currently evaluating more than twenty applications for five digital banking licenses but many believe those approved will struggle to gain adoption; ...
China and India are Moving in Different Directions When it Comes to Fintech Funding
Last year the amount of global investment in Chinese fintech companies reduced dramatically to $4.9 billion, down from $34 billion in 2018 according ...
Google Pay Executives Launch Neo-Bank in India
Two of the Co-Founders from Google Pay in India have launched a new neo-bank aimed at millennials in India; epiFi has secured $13.2mn ...
How India Brought and Scaled Payments into the Digital Age
According to a new paper by the Bank for International Settlements India provides a great case study on how to use payments as ...
Asia’s Super Apps Have Banks on their Heels
Asia is home to some of the biggest and most well known fintech companies, now some of these fintechs and the big tech ...
Paytm Faces Serious Competition in India
Paytm last month shared that they had raised $2 billion, split between equity and debt; they have some large backers including Ant Financial ...
Japanese Banks Look to JPM’s Interbank Information Network to Stop Money Laundering
More than 80 Japanese banks are interested in joining JPMorgan’s Interbank Information Network to help stop money laundering; the banks want to use ...
Ant Financial Looking to Raise $1bn Fund for Southeast Asia and India Fintech
Ant Financial is planning to raise a $1bn fund to invest in payments and online finance across India and Southeast Asia; the company ...
App-Based Lending is Booming in India…But There Are Problems
Consumer lending is booming in India with many companies receiving venture funding from Silicon Valley firms; but according to the Wall Street Journal ...