Payments

Swatch Ties up With Visa to Enable NFC Payments

Swatch SA and Visa Inc., along with Visa Europe, have signed an agreement providing eligible Visa cardholders in the US, Switzerland and Brazil the ability to tap and pay with Swatch’s forthcoming “pay-by-the-wrist” watch Swatch Bellamy. Scheduled to launch in early 2016, Swatch Bellamy can be used globally, in any...

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BankTech

Digital Bank Tandem Secures License from the Bank of England

Tandem, a digital banking startup led by Azimo founder Ricky Knox and Capital One's Matt Cooper, has been granted a license by the Bank of England. The startup will now begin the process of constructing its technology platform and meeting capital requirements. The startup joins players like Atom, Starling, Mondo,...

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BankTech

Kakao Bank & K-Bank Win Approval for Internet-Only Banks

The two consortiums―Kakao Bank and K-Bank, led by mobile messenger creator Kakao and mobile carrier KT respectively―have won the Korean Internet bids. The two groups said they would be “game changers” in the industry by providing fresh impetus with their innovative capabilities―mobile messengers, telecommunications services, big data analysis on a...

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Authentication & Security

13 Plus Blockchain Startups from the US

[Updated] Blockchain has been one of the most awe-inspiring FinTech innovations since the Internet came into existence. Startups are coming up with amazing use cases for blockchain technology and many startups are building their businesses around the same. There are several segments of the FinTech Industry like lending and remittance...

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BankTech

Australian Startup Tyro Payments Raises $72M For Expansion

[Press Release] - Australia’s independent and fastest growing EFTPOS provider Tyro Payments, announced today it has raised AUD $100 million (about $72 million) from Tiger Global Management in New York, TDM Asset Management in Sydney and Australian technology entrepreneur Mike Cannon-Brookes to fund the next stage of its ambitious growth strategy....

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BankTech

Koho Teams up With Visa to Launch No-Fee, Mobile Banking Solutions for Millennials in Canada

Koho, a Vancouver-based FinTech company, has announced three major agreements with Visa, Peoples Trust Company and Galileo Processing to deliver modern, no-fee mobile banking service to millennials. Koho will offer Koho-branded Visa prepaid cards issued by Peoples Trust Company with Galileo providing transaction processing services. The FinTech firm will launch...

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BankTech

Sector Snapshot on the Indian Payments Market

We have been tracking the evolving Indian money/payments ecosystem for many years and especially since 2013 at LTP. We have summarized our findings and observations in a new three-page sector snapshot on the Indian payments market. According to the analysis done by the LTP research team, the Indian payments market...

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BankTech

European Payments Council Releases Proposal for SCT Inst Scheme

The European Payments Council (EPC) released its proposal for the design of a pan-European instant credit transfer scheme, also known as SCT Inst scheme. This proposal is a part of the Euro Retail Payments Board’s (ERPB) agenda on instant payments. Instant payments are available any day and at any time,...

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