Global FinTech | 2022 #33
Weekly news up to Tuesday, August 16th, 2022
THIS WEEK’S FUNDING NEWS OVERVIEW
👀 Are you interested in funding news from the FinTech space?
💡 Read all about it in my weekly overview article and get the latest funding news from the global FinTech space in your inbox every week.
REPORT
The pandemic accelerated our embrace of digital payments — and that, in turn, appears to have shifted how we think about money, from how we make payments to what we even view as currency, according to Mastercard’s New Payments Index.
👉 Read the full report here.
👀 NEWS HIGHLIGHT
The global FinTech landscape has accelerated in recent years thanks to expansive funding and the notably pivotal role the industry played in adapting to the pandemic and post-pandemic eras.
Top Funded DACH Fintechs and Top DACH Fintech Cities.
👉 Read the full article here.
😎 SPONSORED CONTENT
Unlock the power of open finance in Latin America
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📰 ARTICLE
Boom In Indian Fintech Industry: $1 Trillion Assets & $200 Billion Revenues Expected By 2030.
In a report released on August 9, the capital firm Chiratae Ventures and Ernst & Young said that “The market has seen high valuations on the back of large untapped market opportunities…and historical fintech growth has been driven by an organic and collaborative ecosystem while being supported by key government initiatives”.
👉 Read the full Trak.in article by Rohit Kulkarni here.
💡INSIGHTS
Check out the Airline & Travel Payments - B2B Vendor Landscape Infographic by Up in the Air - Travel Payment Consultancy 👇
🧐 ANALYSIS
Open Banking Adoption: 1578 Banking Platforms and 5564 APIs Worldwide.
Around the world, open banking adoption is rising steadily, embraced by many banks and fintech companies.
👉 Read the full article here.
NOW, ON TO THE SUMMARY OF LAST WEEK'S NEWS
🌎 FINTECH HIGHLIGHTS
⭐️ ZoodPay formed a joint venture with Neem.Pro. Link here.
⭐️ Berlin and London are named amongst Europe’s Top 5 FinTech hubs. Link here.
⭐️ Portuguese banks ban digital currency exchanges—regulatory compliance is crucial. Link here.
⭐️KPMG Malaysia and Fintech Association of Malaysia entered a memorandum of understanding intending to catalyze the growth of Malaysia’s FinTech sector and the digital players in the financial services space. Link here.
PAYMENTS
Unlimint has added Mexico's electronic payment platforms CoDi to its alternative payment methods portfolio to allow European and UK companies to expand into the region. Link here.
The adoption of a broader range of digital payment methods is accelerating in Egypt, and the technology fueling the future of payments is already here, according to Mastercard’s New Payment Index 2022. Link here.
Mswipe Technologies received an in-principal Payment Aggregator (PA) license from the Reserve Bank of India. Link here.
PayTabs Egypt and Waffarha partnered to introduce digital payment solutions. Link here.
Touch ‘n Go Group and Shell Malaysia launched a new cashless experience that enables customers to pay for fuels using Touch ‘n Go RFID at 88 Shell stations nationwide. Link here.
Mastercard Inc. is facing pushback from retailers over a new pay-later product. It allows customers to pay off their purchases in installments. Link here.
LianLian Global expanded its cross-border digital payments platform to the UK. Link here.
Alaan launched UAE’s industry-first business cashback card. Link here.
Paysafe partnered with Pecunpay to launch a new cash deposit and withdrawal network in Spain. Link here.
Top Philippine FinTech GCash boosts users to 66 million. Link here.
BNPL
Klarna updated its super-app so consumers can use it to keep track of all online shopping, not just Klarna purchases. Link here.
CRYPTO
HashCash offers white label crypto exchange solutions to a Vietnamese fintech corporation. Link here.
CryptoSpend launched Australia’s first Ripple (XRP) reward card program for its prospects. Link here.
Arsenal FC scored its own goal with its Crypto Advert. Link here.
Pomelo Pay added crypto to the payment services suite. Link here.
60% of those over 65 want mainstream adoption of cryptocurrencies. Link here.
All bar one of the Premier League clubs last year had a sponsorship deal, and some believe crypto firms will replace betting firms and become a mainstay on the front of players' football tops. Link here.
Bobbob launched innovative carbon token rewards for customers. Link here.
Nebeus teamed up with Modulr to add fiat accounts, real-time payments, and Visa cards to its crypto app. Link here.
BLOCKCHAIN / DEFI
More than one-third of APAC consumers will likely use DeFi in the next 6 months. Link here.
INVESTMENT
Touch 'n Go Group launched Goinvest, its proprietary digital investment platform, which can be accessed through Touch ‘n Go eWallet. Link here.
REGTECH
Tookitaki launched in the Philippines through a partnership with local payment gateway company Paymongo. Link here.
Currencycloud teamed up with Clausematch to enable future growth. Link here.
MOVERS & SHAKERS
Thunes set up an office in the Kingdom of Saudi Arabia and appointed a new country head – Ahmad Yaacoub. Link here.
Atome appointed Gary Yeoh as its General Manager. Link here.