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Adyen Launches Wechat Pay on Point-Of-Sale Terminals to Process Payments for 400m Chinese Consumers
Adyen rolled out WeChat Pay, one of the most popular mobile payment apps in China, allowing Adyen merchants to offer WeChat Pay on their point-of-sale terminals worldwide. This is a key addition to Adyen’s unified commerce solution. Since 2016, consumers have
Read MoreData Shows The Rapid Growth And Boom Of The Asian Fintech Market
According to a report by Forbes, data from CB Insights shows that Fintech financing in Asia-Pacific doubled to $11.2 billion in 2016, from $5.2 billion in 2015. Global investment in fintech were $23.2 billion. The growth in total value of fintech investments were in large part due to
Read MoreSouche Raises $335 Million In Series E Round Led By Alibaba To Build A New Retail Ecosystem In Automotive Industry
SouChe (literally meaning Search Car in Chinese) announced that it has closed its Series E funding round led by Alibaba with participation from Warburg Pincus, Primavera Capital and CMB International. This round is less than 12 months from the $100 million Series
Read MoreHong Kong Fintech Week 2017 – Day 4 Highlights
The umbrella technology artificial intelligence (AI) was the overarching theme on Thursday, Day 4 of Hong Kong Fintech Week organised by Invest Hong Kong (InvestHK), which combined keynotes from Ant Financial, Dianrong, Sentient Technologies and PwC with panel discussions and even an AI masterclass. It
Read More11 Fast Growing FinTechs in China
IDC Financial Insights has unveiled a list of 11 fast growing fintechs in China, part of the broader FinTech 101 list for Asia/Pacific. “IDC’s FinTech Fast 101” refers to the fast-growing fintech players in Asia/Pacific based on extensive on-ground analysis
Read More5 Upcoming Fintech and Blockchain Events in Shanghai
China is the global fintech leader with the largest fintech market in the world as measured by total investment, total addressable market, and digital usage, and Shanghai is one of its three fintech powerhouses. Shanghai, a global financial center, has
Read MoreFintech and Sustainable Investing Poised to Revolutionize Financial Services
Fintech and sustainable, responsible and impact (SRI) products are revolutionizing how financial services are delivered. These two sectors in particular have attracted massive investor interest and are poised to transform the way people invest and transact, according to a new
Read MoreWhy Tencent will be the Biggest Company in the World by 2025
While largely unknown outside China, Tencent Holdings has quietly became the largest Asian company by market capitalization and in April broke into top 10 largest companies in the world. Most recently it was already valued at $395 billion. Best known
Read MoreShanghai: China’s Second Fintech Powerhouse
China is the undisputed global fintech leader with the largest fintech market in the world as measured by total investment, total addressable market, and digital usage, and Beijing, Shanghai and Shenzhen are its top three fintech powerhouses. Shanghai, a global
Read MoreChina’s Billion-Dollar (Fintech) Startups
There are currently 200 private companies around the world valued at US$1 billion and over – also called unicorns. These companies have a cumulative valuation of US$686 billion, according to CB Insights. Out of these 200 private companies, 45 are
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