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.
https://www.finextra.com/newsarticle/32548/wechat-pay-launches-in-malaysia
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.
https://money.cnn.com/2018/08/21/investing/jpmorgan-chase-free-trades/index.html
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.
https://www.lendacademy.com/upgrade-valued-at-500-million-after-62-million-series-c-round/
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.
https://www.businesswire.com/news/home/20180824005083/en/Paidy-Announces-Strategic-Investment-Visa
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.
