NEWS – Page 8 – Fintech First

Visa makes strategic investment in LISNR, a start-up that wants to rival technology used by Apple Pay

Visa has made a strategic investment in LISNR, a start-up that is using ultrasound technology for mobile payments.

Southeast Asia’s online banking services could generate $38 billion in revenue by 2025, report finds

The report, co-authored by global management consultancy Bain & Company, Google and Singapore state investor Temasek Holdings, said that number could even grow to $60 billion in the next 6 years if there are continued investments

Nubank’s app has been downloaded more than Revolut, Monzo, and N26 combined

The Brazilian company’s rapid growth shows the promise of mobile banks in developing markets, where much of the population doesn’t have adequate financial services

Bank Of America’s Outage Panics Consumers. Here’s What We Know So Far

The bank says "technology related" issues took it offline

Mobile money is not helping Zimbabwe’s hyperinflation

EcoCash's agents sucked dollars out of the hands of the population, turning them into digital balances

Uber announces deeper push into financial services with Uber Money

Uber's move is the latest sign that tech giants are looking to make inroads into finance.

PCM Big Read – Digital Identity: What’s the big IDea?

Senior executives, commentators and analysts all agree – a workable digital identity is key to next-generation payments. Without functioning digital ID, the payments revolution will stall

Moven Emerges From The Doldrums To Patent A Financial Wellness App

Moven was a pioneer in linking a bank account, debit card and a smartphone app to monitor and advise on spending

Money 20/20: The Chinese payments space is a critical enabler for e-commerce

Shining the spotlight on Asia, key trends defining China’s place in the global e-commerce space are discussed in sessions at Money 20/20

Uber’s quest to become the west’s first super-app

Ride-hailing app seeks to follow the example of WeChat and GoJek by spreading its tentacles

Starling Bank raises £30 million

UK challenger Starling Bank has raised £30 million in a new funding round as it firms up its B2B offering and prepares for expansion into European markets

SoftBank to ‘double down’ on WeWork investment

Japanese group confirms $9.5bn rescue that does not include full control of co-working company