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A List of Digital Banks in Asia

Fintech News

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Stripe really did come about because we were really appalled by how hard it was to charge for things online.” — John Collison.

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Tap to Pay: What It Is and How It Works

Stax

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.

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Top News In Payments: SoftBank Reports $6.5B Loss; FIS Sees Strong Merchant Sales In Q3

PYMNTS

And Visa called Tencent’s announcement that it will support international card schemes in its mobile wallet “a great step forward” for the payments industry. Simplification Serves LendingClub Well As It Pushes for Profitability. Visa Teams With Tencent to Support Mobile Payments in China.

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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

If Amazon can get you lower-debt payments or give you a bank account, you’ll buy more stuff on Amazon.”. Based on our findings, it’s hard to claim that Amazon is building the next-generation bank. In aggregate, these product development and investment decisions reveal that Amazon isn’t building a traditional bank that serves everyone.

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Retailers Up Their Loyalty and Rewards Games

PYMNTS

Retail Card Programs. The push toward better loyalty and rewards power in retail is also being seen outside the world of QSR operations. Citi ThankYou cardmembers can also redeem their ThankYou Points for eligible purchases online, including pending transactions. based Shopkick, a rewards app that tracks customer behavior.

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The Complicated — And Increasingly Crowded — Payments Battle In China

PYMNTS

Some question whether the card-payment network operator will be able to overcome the struggle to “remain relevant” in a market that is quickly changing — and where consumers may soon be leaving card-based payments behind entirely. UnionPay is facing an increasingly competitive and complicated world these days.