Payments 2.0
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Payments 2.0
Digital wallet, Mobile payments, Contactless payments, NFC payments, Mobile wallet, Mobile POS, Bill payments, Bitcoin, Virtual currency
Curated by Therese Torris
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Researcher at San Francisco Federal Reserve Concludes Bitcoin Overpriced, Possible Panic Sell Off Looming | 

Researcher at San Francisco Federal Reserve Concludes Bitcoin Overpriced, Possible Panic Sell Off Looming |  | Payments 2.0 | Scoop.it
In April, a policy advisor in Fintech working at the Federal Reserve Bank of San Francisco took a stab at establishing the value of a Bitcoin. His conclusion?  Bitcoin is overpriced, informed investors are likely taking profits now and we may be about to enter a panic sell-off phase. Joost van der Burgt began by
Therese Torris's insight:
Is applying valuation metrics designed for completely different types of units of account and asset classes a valid methodology? I don't know, but it does give a lot of food for thought 
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Visa confirms Coinbase NOT at fault for overcharging users 

Visa confirms Coinbase NOT at fault for overcharging users  | Payments 2.0 | Scoop.it
Yesterday, we wrote that Coinbase customers were being charged multiple times for past transactions. While some speculated that the erroneous withdraws were..
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Bitcoin-crazy South Korea may face a ban on cryptocurrency trading

Bitcoin-crazy South Korea may face a ban on cryptocurrency trading | Payments 2.0 | Scoop.it
South Korea's justice minister said a bill to ban all cryptocurrency trading is in the works.
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Unified APP of China's Banking Industry, "Mobile QuickPass" Officially Launches  

SHANGHAI, Dec. 11, 2017 /PRNewswire/ -- Unified APP of China's Banking Industry, 'Mobile QuickPass' Officially Launches Today.
Therese Torris's insight:
Weird that we don't get the list of the 30 partner banks. With more than 3.5 billion (2012 number) payment cards the firepower of China UnionPay is just humongous
 
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Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets

Circle Acquires Trigger Finance To Help Deliver Investment Products For Crypto Assets | Payments 2.0 | Scoop.it
Circle has acquired mobile investing platform Trigger Finance to help it develop new investment products for crypto assets.
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TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments

TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments | Payments 2.0 | Scoop.it
Globalization is in full swing these days, despite nationalist rumblings. And when goods and people are crossing borders, so too must money. At PayPal, for example, cross-border trade volume grew 41% last year, to over $18 billion. Payments startups are now making a run at that opportunity, with two of the most prominent announcing large …
Continue reading “TransferWise and Remitly raise mega-rounds in the new battle for cross-border payments”
Therese Torris's insight:
all that talk about startup Fintechs not replacing banks is just wishful thinking
 
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Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances

Remitly is raising up to $115M led by Naspers’ PayU to double down on remittances | Payments 2.0 | Scoop.it
International remittances continues to be one of the biggest financial services in developing countries, with $450 billion getting sent from countries like..
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PayPal Reports Third Quarter 2017 Results

PayPal Reports Third Quarter 2017 Results | Payments 2.0 | Scoop.it
Global technology platform and digital payments leader PayPal Holdings, Inc. today announced third quarter results.
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Danish payments firm Nets Confirms $5.3 billion takeover bid by Hellman & Friedman  

Danish payments firm Nets Confirms $5.3 billion takeover bid by Hellman & Friedman   | Payments 2.0 | Scoop.it

COPENHAGEN (Reuters) - Payments firm Nets (NETS.CO) on Monday welcomed a 33.1 billion Danish crown ($5.3 billion) bid from U.S. firm Hellman & Friedman, marking what could be one of the largest European private equity takeovers in recent years. Nets said in July it had been approached by potential buyers as the payments industry sees a wave of deals, with consumers switching to card and mobile payments and regulatory changes promising to open up the fragmented market.

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iZettle raises $36M in debt from European Investment Bank (EIB), earmarked for AI and other new tech 

iZettle raises $36M in debt from European Investment Bank (EIB), earmarked for AI and other new tech  | Payments 2.0 | Scoop.it
iZettle, the startup based out of Sweden that competes against the likes of Square and Paypal to provide card transaction services from smartphones and..
Therese Torris's insight:
Well done @EIB and @iZettle!
 
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Zelle takes on Venmo with standalone P2P payments app

Zelle takes on Venmo with standalone P2P payments app | Payments 2.0 | Scoop.it
As it prepares to launch its standalone app next week, US bank-backed P2P payments app Zelle is already boasting 50,000 new sign ups a day.
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Ripple Price Soars Following Presentation to PBoC Officials  

Ripple Price Soars Following Presentation to PBoC Officials   | Payments 2.0 | Scoop.it

Price soared… and fell back

 
Therese Torris's insight:
"Despite warning their residents to avoid cryptocurrency, the PBoC has quietly opened a “Digital Currency Institute” to research ways to digitize and transact CNY banknotes on a centralized, state-controlled blockchain."
 
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Russian Bitcoin exchange chief arrested in connection to Mt. Gox 'hack' 

Russian Bitcoin exchange chief arrested in connection to Mt. Gox 'hack'  | Payments 2.0 | Scoop.it

The Mt. Gox hack which left thousands of investors out of pocket may have connections to Russia....

Prosecutors say the exchange has also been used for money laundering purposes "and related crimes...

 
Therese Torris's insight:
Why are we not surprised...
 
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Sweden's iZettle 2017 loss narrows ahead of potential IPO | Reuters

Mobile payment solutionsfirm iZettle said on Thursday its loss narrowed last year whilerevenue grew sharply, as the company prepares for a potentiallisting.
Therese Torris's insight:
Well done!
 
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China is reportedly raising the bar on its cryptocurrency crackdown

China is reportedly raising the bar on its cryptocurrency crackdown | Payments 2.0 | Scoop.it
Beijing plans to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading, it was reported Monday.
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TransferWise takes on Revolut by launching 'borderless banking 

TransferWise takes on Revolut by launching 'borderless banking  | Payments 2.0 | Scoop.it

’AltFi News: Transferwise has gone live with a ‘private’ launch of consumer borderless account and debi

 
Therese Torris's insight:
This is big news. Transferwise has raised $396,371,338 to date  https://www.crunchbase.com/organization/transferwise and could become bigger than PayPal
 
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BNP Paribas Integrates WeChat Pay One Year After Its Alipay Launch

BNP Paribas Integrates WeChat Pay One Year After Its Alipay Launch | Payments 2.0 | Scoop.it
EXCLUSIVE - BNP Paribas opened Chinese mobile payment service WeChat Pay to its retail partners in Europe today. The payment solution will first debut at two
Therese Torris's insight:
If you can't beat them, join them...
 
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TransferWise raises USD 280 mln to expand into ACAP

International money transfer service TransferWise has raised USD 280 million in a funding round led by asset management firm Old Mutual Global Investors (OMGI) and Silicon Valley’s IVP.
Therese Torris's insight:
Brings total amount of equity raised to $396,371,338
https://www.crunchbase.com/organization/transferwise
 
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TransferWise to sell new shares to cement unicorn status

TransferWise to sell new shares to cement unicorn status | Payments 2.0 | Scoop.it
The two founders of start-up foreign exchange service TransferWise are reported to be preparing a sale of some of their shares in a further round of fundraising that could see the company's valuation exceed £1.2 billion, consolidating its unicorn status.
 
Therese Torris's insight:
Billions are flying by
 
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Direct transfer Payment firm Zelle partners with IBM for P2P payments push

Direct transfer Payment firm Zelle partners with IBM for P2P payments push | Payments 2.0 | Scoop.it
As it reports soaring consumer take up, US bank-backed P2P payments app Zelle has teamed up with IBM to help bring the service to more financia
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R3, TradeIX and a Dozen Global Banks to Streamline Open Account Trade Finance2

R3, TradeIX and a Dozen Global Banks to Streamline Open Account Trade Finance2 | Payments 2.0 | Scoop.it
The groups is developing an end-to-end open account trade finance business network powered by the Corda DLT platform.
Therese Torris's insight:
R3 still on
 
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GoCardless, a fintech that makes international debit  payments easy for subscription businesses raises $22.5M1

GoCardless, a fintech that makes international debit  payments easy for subscription businesses raises $22.5M1 | Payments 2.0 | Scoop.it
Well, GoCardless co-founder and CEO Hiroki Takeuchi knows how to work a non-denial denial. When I interviewed him a few weeks ago for an extensive profile..
Therese Torris's insight:
5th round of $47.3M total funding. Lead investor Accel Partners
 
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Blockchain Firms Ripple, R3 File Dueling Lawsuits Over Crypto Contract Dispute 

Blockchain Firms Ripple, R3 File Dueling Lawsuits Over Crypto Contract Dispute  | Payments 2.0 | Scoop.it
Distributed ledger startups Ripple and R3 have become embroiled in a new legal battle over a cryptocurrency options contract dispute.
Therese Torris's insight:
A moment of truth
 
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Square's bid to be industrial bank inflames ILC debate

Square's bid to be industrial bank inflames ILC debate | Payments 2.0 | Scoop.it
The company's application, which is expected to be announced as early as Thursday, comes after the online lender SoFi applied in June for an industrial loan charter. The bank is expected to be led by a former Green Dot executive.
Therese Torris's insight:
The real Fintech disruption wave is coming
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Square quarterly results: halves losses on increased revenue - lends ¤318 million 1

Square quarterly results: halves losses on increased revenue - lends ¤318 million 1 | Payments 2.0 | Scoop.it
Square reported second-quarter results after the bell on Wednesday.
Therese Torris's insight:
Square investor relations
https://squareup.com/about/investors
 
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Therese Torris's curator insight, August 3, 2017 10:26 AM
Where one can see that the loan distribution channel matters