Tag: China
WeChat partners with London payments firm
London-based FinTech firm has announced it is to partner with the tech firm to provide payment options within WeChat’s wildly popular payment app. Read more: bdaily.co.uk
Digital money adoption would bring banking to 220 million
A spike in digital money usage would help narrow the amount of underbanked individuals across the globe, but many countries are slow to progress. Read more: bankinnovation.net
Yongqianbao nabs $67m for micro lending app
Beijing-based mobile lending app Yongqianbao has picked up $67m in a funding round. The round was led by Golden Brick Capital Management. Read more: www.fintechroundup.com
Hong Kong trade finance goes Deloitte-fully blockchain
Deloitte, the Hong Kong Monetary Authority and trade finance banks in Hong Kong have developed a distributed ledger technology. Read more: www.bankingtech.com
Tiger Brokers adds another $14m to Series B round
Chinese online brokerage Tiger Brokers has tacked on another $14m to its Series B round. China Growth Capital led the Series B+ round. Read more: www.fintechroundup.com
Alibaba to allow financial institutions to set up shop
Ant Financial's investing app Ant Fortune unveiled Caifu Hao earlier this week. Read more: e27.co
Are California’s Bitcoin exchanges doomed?
Increasing regulation eviscerated Bitcoin trading in China, which could also spell trouble for Western exchanges like Coinbase and Kraken. Read more: bitcoinist.com
Apple faces competition in China’s mobile payments market
Dong Ximiao was buying a meal at KFC and pulled out his phone to pay, like everyone does in China, when the cashier asked: “Alipay or WeChat Pay?”. Read more: www.bloomberg.com
Australian delegation visits China pitching FinTech
Austrade, the Australian government trade commission for exporters and information, is in China this week. Read more: www.crowdfundinsider.com
Ant Financial considers higher offer for MoneyGram
In January, Ant Financial first announced the plan to acquire US-based money transfer service MoneyGram. Read more: www.e27.co