-
Ant Financial’s $100 billion valuation would put it in the same league as the world’s biggest banks
Ant Financial Services Group, the Chinese fintech giant, is planning a funding round that could fetch a valuation similar to the world’s biggest and oldest banks: The digital payment company is raising as much as $5 billion in equity that may value it at more than $100 billion, according to Reuters.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
WhatsApp Payments testing for Android, iOS in India could worry Paytm, other e-wallets
WhatsApp has been working on a digital transaction feature since 2017, and the same was spotted at times in the wild. The appearances in the past have been on earlier beta version of the popular messaging application.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
-
To ethically mine crypto we need to use renewable energy
Blockchain technology and its most popular cryptocurrency, bitcoin, have been called of equal importance to the internet, capable of transforming businesses, government, and social interaction: the entire fabric of modern society.
- Categories
- Energy, Finance, Technology
-
More Bitcoin Regulation Likely In Emerging Markets
According to a report from Bloomberg, published at the end of last year, around 58% of the world’s cryptocurrency mining pools are located in China, followed by the US at 16%. Even though significant financial institutions within China are forbidden from providing payment services for products denominated in bitcoin due to bitcoin regulation, other platforms have emerged to offer investors this service.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- cryptocurrency
-
Wall St. Journal Financial Inclusion Challenge Seeks Innovative Enterprises – Application Deadline Feb. 23
Financial instability plagues millions of Americans. Many cannot pay their monthly bills and have no retirement savings or no idea how to manage what they do have. The Wall Street Journal has launched a Financial Inclusion Challenge aimed at both nonprofits and for-profit organizations who have socially impactful solutions to the problems of low- and moderate-income people in the U.S. The deadline for entry is Feb. 23.
-
Asia-Pacific fintech market to reach US$72 billion by 2020, finds Frost & Sullivan
Active support and initiatives by financial regulators such as the Monetary Authority of Singapore, Bank Negara Malaysia and Bank Indonesia has enabled the Asia-Pacific Fintech ecosystem to grow significantly in 2017.
- Categories
- Finance
- Region
- Asia Pacific
-
China’s Ant plans equity fundraising at potential $100 billion valuation – sources
Ant’s last fundraising in 2016 valued the owner of Alipay, China’s top online payment platform, at about $60 billion. The new round should start with a valuation of between $80 billion to $100 billion, the people said.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
What Blocks The Success Runway For Fintech Startups In India?
Despite adequate funding and an unprecedented growth of 135% in just two years, most fintech startups are grappling with inefficiencies in multiple operations. However, with India slowly but surely making the transition towards a cashless economy, access to internet services, and increasing transparency in transactions, the outlook for the future is most certainly robust.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech, regulations, startups