The Week in Review

The Week in Review

Friday August 24, 2018 –

Here are the new and noteworthy stories we have been following this week.

WeChat Pay launches in Malaysia

WeChat Pay launched in Malaysia with plans for establishing a local payment service.

JP Morgan Chase will offer free online trades to customers

Chase will be offering a digital investing service that comes with a 100 free trades in the first year.

Adyen’s First Earnings After Record IPO Excite Investors

Adyen reported a 67% rise in net revenue and a 43% increase in volume in its latest earnings report.

Upgrade Valued at $500 Million after $62 Million Series C Round

Upgrade raises $62 million in a Series C round signaling strong investor interest in consumer credit.

Goldman Sachs launches retail bank Marcus in UK

Goldman Sachs launches Marcus in the UK with a 1.5% introductory rate on savings.

Paidy Announces Strategic Investment from Visa

Visa invests in Japanese instant-issue post-pay credit provider Paidy tapping into 1.5 million users.

Deutsche Bank takes stake in payments technology start-up Modo

Deutsche Bank makes an equity investment in ModoPay to expand its digital payments capabilities.

Bank of Thailand digital currency scheduled for 2019

The Central Bank of Thailand is working on a Central Bank Digital Currency for interbank transfers.

Singapore presses ahead with blockchain-based Project Ubin

Singapore’s Central Bank is working on DvP capabilities for settlement of tokenised assets across different blockchain platforms.