Rakuten relies on Payoneer for cross-border payments
Rakuten.com, a leading US eCommerce marketplace, has announced its collaboration with Payoneer, an innovative online payments company. Read more: www.finextra.com
Japanese payments app Kyash picks up $8.5m
Japanese payments and remittance startup Kyash has raised more than ¥1bn ($8.5m) in a Series A round. Read more: www.fintechroundup.com
PayPal files trademark infringement against Paytm
PayPal has specifically pointed out that Paytm’s branding has a striking resemblance to their own logo design. Read more: www.thetechportal.com
China’s Alipay just saw one billion transactions in a day
The Singles Day shopping spree on November 11 saw 1.05 billion transactions go through the app, up 48 percent on the same day last year. Read more: www.fintechranking.com
CommBank partners with Barclays
The Commonwealth Bank of Australia and Barclays have announced a partnership that allows cross-app payments and also gives CBA space at Barclays. Read more: www.zdnet.com
FinTech could help fingerprint payments take off in Japan
The Japanese startup developing the biometric payment technology to be used during the 2020 Olympics in Tokyo is hoping to reach a much broader audience. Read more: findbiometrics.com
FinTech firms are a blessing for small entrepreneurs
Powered by technologies that harness big data, fintech companies are positioning themselves as viable lenders and payment solutions providers with mobile wallets and insta-loans. Read more: forbesindia.com
Wanda’s Wang says UnionPay answers internet doubts
Dalian Wanda Group Co. and China UnionPay are planning to collaborate on mobile payment apps. Read more: www.bloomberg.com
Indonesian banking giants to integrate cashless payments
Four Indonesian major commercial banks –from state-owned Bank Mandiri, Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI), to privately owned Bank Central Asia (BCA)– today announced a plan to integrate their cashless payment services under one network. Read more: www.e27.co
Australian banks continue Apple Pay fight
The Australian Competition and Consumer Commission is continuing to assess the applications for authorization in regards to Apple Pay. Read more: www.mobilepaymentstoday.com