Enabling Technologies

Importance of the 2nd Largest Remittance Network for the Financially Underserved and its Potential for the Last-Mile in a “Cashless” Society

In the fourth installment of our continuing podcast series, “August of Money – The Quest for Cashless Society”, host Aditya Khurjekar has an in-depth discussion with special guest Sudhir Shetty of UAE Exchange / Travelex and author Mehul Desai, examining the emergence of cross border remittance networks as major artilleries...

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Lending

China’s Internet Behemoth Tencent Launches WeBank Mobile Platform

Tencent has officially launched its WeBank banking app equipped with the Internet company’s cutting-edge facial recognition technology. Currently, an electronic account opened with WeBank allows transactions involving deposits and wealth management products. At the same time, fund transfers between electronic and bank accounts under the same name can be completed;...

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Lending

MaRS Announces FinTech Partnership With Interac

MaRS Discovery District announced a new strategic partnership with Interac Association and Acxsys Corporation (“Interac”), the organizations behind Interac, Canada’s largest debit payment service. Interac is joining MaRS’ Financial Technology (“FinTech”) cluster to connect with leading startups developing next-generation technology in emerging payments, peer-to-peer transactions, alternative lending and crypto-currencies. “The...

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Blockchain

Bank-Wise Analysis of Blockchain Activity

Interest in blockchain has been coming in from every corner of the world with major ones being banks and technology providers. Banks’ interest in bitcoin blockchain is seeing a huge uptick with the exploration of potential use cases for the distributed ledger system (blockchain technology). We previously covered an extensive...

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Payments

26 US Payments Companies That Raised Money in 2015

In the payments industry, highly used terms such as “unbanked” and “underbanked” have been the mantra for multiple startups. The FinTech payments sector has seen large rounds of funding since it is hot property today. There’s never a dull moment in the payments space. Below is the detailed list of...

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Enabling Technologies

India's Largest Nationalized Bank SBI Launches M-Wallet to Compete With Private Banks and Other Wallet Service Providers

State Bank of India (SBI), the largest bank in India, announced that it will be launching its mobile wallet service “SBI Buddy” on Tuesday. SBI Buddy will be competing with ICICI Bank's Pocket, HDFC Bank's PayZapp, Paytm and MobiKwik. The move is a significant one because the mobile wallet business...

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