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Crypto has had a turbulent year from an investment standpoint. In May, the market collapsed, with extremely volatile trends and Bitcoin dropping into the teens. However, widespread retail adoption of crypto payments is already happening with big brands and SMEs joining. Gucci, Balenciaga, Alo Yoga, and Tag Heuer are some of the brands that have announced […]
The post Merchants hold the keys to crypto’s next big step first appeared on Daily Fintech.
They lost $4.6 Billion with the WeWork deal. They have struggled to raise fund-2. They are now focused on profitability rather than growth. Yet, Softbank fund joined by Alibaba’s Ant Financial pooled in $600 Million for PayTM’s recent $1 Billion fund raise. PayTM is valued at $16 Billion at the end of this funding round. […]
The post Has Softbank’s Vision fund lost sight as it invests in PayTM $1 Bn raise despite mounting losses? appeared first on Daily Fintech.
How do you make $10 Billion from $300 Million investment within a year? Walmart did just that with their acquisition of Flipkart in India last year. Flipkart is the ecommerce giant in India, and Walmart acquired a 77% stake in them for $16 Billion in 2018. Flipkart came with its payments app Phonepe (pronounced as […]
The post Walmart hits gold with India Payments as PhonePe valued at $10 Billion appeared first on Daily Fintech.
The ten-year-old Fintech that listed on NYSE exactly 4 years ago – November 2015 with the ticker symbol SQ; continues to innovate. It is best known as a B2B Fintech in the payments space that had huge success with small merchants globally. It grew with POS terminals and smart credit card readers. As a publicly-traded […]
The post Square`s growth strategy and the masses appeared first on Daily Fintech.
PHYGITAL E-commerce giant Amazon is a big player in many markets. From e-commerce, cloud, delivery, entertainment, payments, smart home devices, and physical stores. Retail giant Walmart, not included in the FANGs or the GAFAs, as it is a native of another tribe (physical retailers), can actually stand respectfully next to Amazon and other large non-financials […]
The post Smart Bricks meet Clicks & Voice – the Walmart Way appeared first on Daily Fintech.
SoftPoS stands for Software Point of Sale. If you lived in parts of the world outside of the US, you would have come across contactless payments. It made the payment experience seamless and almost invisible to the customer. As a result, in the UK for instance, by Q4 2018, contactless payments took over chip and […]
The post Will SoftPoS be the new global payment mechanism? appeared first on Daily Fintech.
Poor existing banking infrastructure? No major Unicorns from the local ecosystem? – No problem. The rise of Vietnam as an innovation/Fintech hotbed is a fascinating trend. A tech savvy population, supportive government regulations, and high smartphone penetration – a great combo that has done wonders to several countries across the world. Image Source Vietnam ranks […]
The post The Rise of Vietnam – the new Asian Innovation hub appeared first on Daily Fintech.
If you joined the Fintech party only this year, and feel you missed on riding the curve – don’t worry. Sub Saharan Africa is where all the Fintech excitement is at the moment. In 2018, Fintech investments in Africa quadrupled to $357 Million. Image Source This is tiny compared to the Billions being invested in […]
The post $144 Billion value to Sub Saharan Africa – Mobiles lead Fintech for Good appeared first on Daily Fintech.
Late stage venture capital deals and funding have been growing rapidly over the last three years. The most recent European Fintech to hit the headlines with yet another multi-Billion dollar valuation is Klarna. The “Buy now Pay later” payments company raised $460 Million at a massive $5.5 Billion valuation. My immediate reaction to the numbers […]
The post Klarna’s $460 Million raise and US ambitions – is an IPO coming? appeared first on Daily Fintech.
Image Source He was the architect of Aadhaar – a biometric identification database of 1.3 Billion Indians that was put together in just over a couple of years. Nandan Nilekani, the co-founder of Infosys, is now back in the headlines discussing India’s “Account Aggregator”. An open banking-isque concept, Account Aggregators (AA) would consolidate financial information […]
The post India embrace “Data Empowerment Architecture” with Account Aggregator appeared first on Daily Fintech.