Hi fintech friends,
Please enjoy all the news and updates from the past week in today’s edition. If you feel TWIF brings you value, please share it with your friends (and maybe suggest they subscribe too).
Don’t forget to share with fellow fintech friends!
Note: There will not be an issue of This Week in Fintech next week i.e. 8th Oct, 2022. Will resume regular programming with an issue on 15th Oct, 2022.
Editor’s Note: If you’re an early-stage startup founder raising equity, I may be able to help - reach out to [email protected].
Want to be a This Week in Fintech - Asia Sponsor? Email me at [email protected] or see our sponsorship information here.
✨ Jakarta Fintech Happy Hour presented by Brankas
After successfully bringing together the fintech community in India, I’m bringing Fintech Happy Hour to Jakarta!
All my fellow fintech friends in Jakarta - I’m excited to meet with you on Wednesday, 12th Oct, 2022. If you know a founder friend who could benefit from this meet up, please refer them.
This fintech happy hour could not have been possible without the incredible folks at Brankas.
If you’d like to sponsor this event, write to me at [email protected]
🇮🇳 India
📰 Market Updates
🚀 Product Launches
Samsung partnered withAxis Bank to launch a co-branded credit card.
CREDlaunched a UPI-based, scan to pay product.
💰 Financing Announcements
ACQUISITION:
RazorpayacquiredPoshvine, a rewards and loyalty startup.
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🌏 Asia
📰 Market Updates
DBS partnered withFinLync to roll out plug-and-play APIs for corporate treasurers.
Buy2Sell, a Vietnamese ecommerce company, partnered withMastercard for cross-border payments.
Binance is looking to re-enter the Japanese market and is applying for an operating license in the country.
Moolahgo, a Singaporean multi-currency payments company, launched a product that lets users send money to Indonesian bank accounts.
PasarPolis, an Indonesian insurance startup, claimed to have issued one billion policies to 80mm customers till 2021.
StorePay, a Singaporean BNPL startup, launched its product in Indonesia.
Grabplans to launch its digital bank in Indonesia and Malaysia in 2023.
💰 Financing Announcements
ACQUISITIONS:
KakaoPay, the South Korean digital payments company owned by messaging company Kakao Corp. acquired a minority stake in OKPOS, a POS acceptance company that accounts for 40% of South Korea's POS payments market.
🌏 International
Please find our global coverage and consider subscribing.
US and Global, written by Nik Milanovic published on Friday’s and Saturday’s.
Europe and UK, written by Michael Jenkins published on Monday’s.
Latin America, written by Christine Chang.
Africa, written by Benjamin Dada.
If you’ve made it this far - thanks! As always, you can always reach me at [email protected]. I’d genuinely appreciate any and all feedback. If you liked what you read, please consider sharing or subscribing.
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