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Finance for financial services
South Korean asset management firm Hanwha led a $300 million investment in Singapore
Grab's valuation passed $3 billion, according to the
The license allows Grab to pursue a model similar to Apple Card, combining mass enrollment, account opening, card issuance and banking. Grab has more than 187 million users and Singtel, the Singapore-based telco that's Grab's partner in the financial services project, has more than 700 million users.
Subscriber offer
Visa and a group of VCs including Element Ventures and Nineyards Equity have poured about $19 million into Minna, a Swedish startup that allows consumers to use their bank's app to manage subscriptions.
Minna's app terminates and onboards subscriptions, cutting or establishing data and financial links between merchants and consumers automatically, according to
Minna has signed deals with Lloyds, Swedbank and ING thus far, giving it a route to tap into the popularity of
Building blocks
Cryptocurrency exchange Gemini has bought Blockrize, providing access to a pending credit card and incentives that pay out in crypto.
Blockrise has 10,000 users on the waiting list for the card, which will launch this year under Gemini's brand, reports
Cardholders will earn 3% back on purchases in bitcoin or other cryptocurrencies, with the crypto deposited into Gemini accounts.
Checking in
Payment IT company ITT Data and Confirma have collaborated on a feature that supports virtual payments for hotels in an effort to eliminate contact or interaction with a hotel's front desk.
Hotel reception desks will be directed to a billing portal to confirm rooms that are booked with digital payments. Staff will avoid manually processing payments or entering key card numbers into terminals.
The pandemic hit the travel industry hard, with virtual cards playing an increasing role for both
From the web
ENGADGET | Thursday, January 14, 2021
YouTube is testing a streamlined way to buy items that are used or mentioned on your favorite channels. The service says that creators who are part of the pilot can include certain products in their videos. If you click or tap on a shopping bag icon in the bottom left of the screen, YouTube will display a list of the featured items.
THE VERGE | Thursday, January 14, 2021
Instacart will give its shoppers — the workers who pick and fill grocery store orders for customers — a $25 stipend for the time they take off to get a coronavirus vaccine, the company announced Thursday.
REUTERS | Thursday, January 14, 2020
Search and advertising giant Google closed its deal to buy fitness tracking company Fitbit, the companies said on Thursday, even as U.S. and Australian competition regulators said they were continuing probes of the $2.1 billion transaction.
More from PaymentsSource
Fresh market interest and government action have created a chance for payment technology providers like Circle to promote blockchain-powered transactions.
While fintech's advancement creates a pathway for innovation, it also expands exposure to unintended risk, says Flywire's Mike Massaro.
What started as Mezu and went through 18 difficult months competing as a payments offering has now rebranded as Alviere, with a broader range of digital banking services.
Most consumers expect to be offered a variety of digital payment options in stores in a post-COVID-19 world, and small and midsize businesses believe that change will be permanent, a Visa study finds.
Upgrade, the San Francisco-based online lender and card issuer founded by Renaud Laplanche, is launching a mobile app, checking account and debit card.
While there are many pros in moving toward a cashless society, the shift raises the question: Where does this leave the 55 million Americans who are unbanked or underbanked and rely on cash for daily essentials?
CEO Michael Hayford wants to transform Cardtronics' ATM fleet into a distribution network for fintech services. But first he has to persuade the company to accept his offer.
Self-service payments require investment by the biller, but the payoffs can be huge, says PayNearMe's John Minor.
After calling off its bid to buy the data aggregator Plaid, Visa is shifting its focus back to its role as an enabler of digital payments and related services.
With data collection and analysis becoming a vital aspect of digital payment methods, Worldline is launching its first data-as-a-service dashboard as Ingenico Insight.