Ant rolls out a BNPL product in Hong Kong; & more!
Welcome to?your?daily?FinTech?news!
In case you missed it, please see below today's most relevant news, or tune in to our?Daily Fintech Podcast?here .?
NEWS HIGHLIGHT
Ant rolls out a BNPL product in Hong Kong. Users will be able to pay in installments when shopping on AlipayHK 's network of merchants as well as on the e-commerce platform Taobao . Link here
BREAKING NEWS
Revolut chat function will integrate NFT profile pics. The new messaging tool marks the next step in Revolut's mission to establish itself as a super-app. Link here
Buy now, pay later lender Openpay has been given a formal warning for failing to establish, implement, and maintain an anti-money laundering programme. Link here
FINTECH REPORT
How platforms can revolutionize small-business banking with embedded finance. Check out a comprehensive evaluation conducted by the Boston Consulting Group (BCG) and the financial technology platform Adyen . Link here ?
INSIGHTS
Novatti launches International Bank of Australia , which will have the advantage of being able to leverage Novatti’s existing payments ecosystem and global footprint to help win customers quickly. Link here
UnionDigital banks 1.73M customers in four months, and onboards PDAX as first corporate account customer, marking the commencement of accumulating corporate account openings at UnionDigital Bank. Link here
The Fintech Funding Gap: An article that details how early-stage startups can navigate this major hurdle. Link here ?
Check out “Nordic Fintech Snippets”, the combined effort of all the Nordic Fintech Hubs, sharing the most important and latest news in fintech and digital finance from each country. Link here
Check out the latest PYMNTS Digital Banking Apps Ranked. This exclusive service of PYMNTS is updated monthly, and ranks Digital Banking Apps using a proprietary combination of publicly available information plus app usage data to which they have access. Link here
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FINTECH NEWS
AstroPay launches its new product, Mastercard Prepaid Card, in Brazil. The card has attractive benefits, and users can instantly activate it and use the prepaid card without any charge and pay in any merchants that accept Mastercard. Link here
Digital lender Yabx enters Nigeria market with a mission to democratize credit across the country with its digital lending offerings. Link here
领英推荐
Open Finance platform Fintech Galaxy scores Central Bank of Bahrain license that enables the company to integrate its Open Finance API platform, FINX, into multiple bank APIs through a unified interface. Link here
Jeeves launched a service called Jeeves Pay that it’s billing as a “credit-backed business payments solution” for enterprise customers. Link here
Nigerian PayTech Paga launches Visa physical and virtual cards that will enable consumers to pay at more than 100 million merchant locations around the world.? Link here
DIGITAL BANKING NEWS
UK bank Santander will block payments to crypto exchanges next year in a move intended to protect their consumers from scams. Link here
Coinbase CEO says USDC will become ‘de facto central bank digital currency.’ The giant exchange disclosed on Thursday that net revenue for the third quarter was down 28% from the previous one. Link here
BLOCKCHAIN
Ravi Menon lays out Singapore’s crypto hub ambitions at SFF 2022. Menon stressed that while cryptocurrencies have been all the rage, the real value in the crypto industry will come from asset tokenization. Link here
Binance moves to liquidate its entire position in FTX tokens. Binance CEO referenced "recent revelations that have come to light," but did not elaborate publicly nor respond to a request for clarification from Decrypt. Link here
PARTNERSHIPS
Phos partners with Elavon to launch ‘Tap to Pay’ mobile payment solution in the US and Canada. The solution will enable North American businesses to turn mobile devices into contactless payment terminals. Link here
BigPay has partnered with TripleA to enable users to Top Up using BTC and ETH. Through this collaboration, users can seamlessly convert their crypto assets into cash to spend using their BigPay debit cards, without having to go through a tedious verification process. Link here
CarDekho Group infuses $100 million in its fintech platform Rupyy . ?The investment will be used to scale the NBFC (non-banking financial company) business as well as the technology stack. Link here
MoneySmart to list on SGX through a $161m reverse IPO deal. MoneySmart said it expects the “rapid growth of the brand” after its listing next year by bolstering its membership and rewards programs. Link here
OakNorth completes ￡6.5m funding to MoneyPlus . With this capital, Moneyplus will invest in future growth and manage the surge in demand it has seen as consumers have struggled to battle against the increased cost of living. Link here
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost