National Bank of Canada takes stake in Myanmar’s ONGO
The National Bank of Canada (NBC) is taking a 22% stake in Myanmar-based mobile payments business ONGO. Read more: www.fintechroundup.com
Amazon acquires Indian mobile payment license
In another attempt to secure a firm grasp on the Indian market, Amazon has turned towards mobile wallets for its next venture. Read more: www.crowdfundinsider.com
BBVA completes cross-border instant payments
BBVA completes its first cross-border real-time payments using Ripple's blockchain technology with eyes on B2B payments. Read more: www.pymnts.com
Alipay & WeChat payments have risen to $2.9 trillion
Alipay and WeChat payments have risen from transactions of less than $81bn (RMB 1 trillion) in 2012 to an estimated $2.9 trillion (RMB 20 trillion) in 2016. Read more: www.crowdfundinsider.com
Wirecard, National Bank of Greece partner to intro Alipay
Wirecard is collaborating with National Bank of Greece on a project to integrate Alipay into the technical infrastructure of the bank. Read more: www.mobilepaymentstoday.com
US Bank ties perks of high-end card to mobile payments
Banks have long believed that the key to sparking mobile payments is better incentives. Read more: www.americanbanker.com
Plastc goes belly up after swiping $9m from backers
Plastc is closing its doors after two failed funding rounds. Early this year, Plastc sought to raise additional capital to kickstart its launch and fulfill preorders. Read more: thenextweb.com
SoftBank plans $1.5bn investment in India’s Paytm
Japanese investment giant SoftBank plans to invest as much as $1.5bn into Indian payments firm Paytm. The investment will see Paytm valued at as much as $9m. Read more: www.fintechroundup.com
Ant Financial boosts global reach with HelloPay acquisition
Ant Financial is continuing to make its presence felt outside of the Chinese market with the acquisition of Lazada’s payments arm HelloPay. Read more: www.fintechroundup.com
Payments innovation is ‘unbundling’ banking
New mobile wallets and digital payment innovators are threatening banks' traditional relationships with consumers, forcing banking to respond. Read more: www.paymentssource.com