Visa is looking to cosy up to fintech firms through the launch of an online portal giving them "unprecedented" access to its technologies and network.
Visa estimates that some $17 trillion in consumer payments are still made with cash or cheques, and that there are 1.7 billion people around the world who are still outside of the formal financial sector.
StrongSalt, a California-based startup, has raised $3 million in a seed financing round from Valley Capital Partners, the company announced on Thursday.
With the freshly raised funds, the company is planning to develop its encryption platform-as-a-service for developers and enterprises.
Belgium's KBC has added PayPal balances and transactional information to its mobile bank account aggregation app.
KBC says the move to add PayPal followed a consultation with customers in which one-third of users said they would like to check their PayPal accounts via KBC Mobile. Within two days, over 5000 customers had synched up their Paypal account within the banking app.
The number of card payments in the euro area have more than doubled in a decade as consumers increasingly dispense with the hassle of carrying notes and coins, according to the latest statistics from the European Central Bank.
Credit transfers and direct debits were the second and third most common non-cash payment methods, accounting for approximately 23% each, while e-money and cheques together made up around seven percent.
TideiSun Group's Chairman Mr. Chen Ping, and CEO Ms. Robin Xie, were invited by the NASDAQ exchange in September to introduce the company's flagship platform iSunOne -- an asset management APP combining private chatting with global instant payment.
UnionBank of the Philippines' (UnionBank) globally-awarded API Marketplace is enabling fintechs to scale growth through co-creation and reaching a wider audience for their APIs. It is one of the largest in Asia with over 200 open APIs, and a regional network with connectivity to the ASEAN Financial Innovation Network (AFIN) and its API Exchange -- an initiative by the International Finance Corporation (IFC) and the Monetary Authority of Singapore (MAS) to create digital infrastructure that enables inclusive prosperity in the region.
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