Axgh Venture Capital s Best Year Since 2000: $48.3B
The world of payments and commerce continues to be a very busy place as the world reopens for business and consumers emerge with new preferences.聽How to meet those preferences profitably has become the focus for both
gourde stanley commerce and financial services. Yann Ranchere, partner at Anthemis Venture Investing Group, joined Karen Webster for the latest episode of聽This Week In Payments聽to talk about all of the latest developments.Ranchere said that while many people attribute the economys nascent changes to the COVID-19 pandemic, if you take a hard look back at the beginning of the year, some of these trends were already happening. All the pandemic really did was pull them into focus and accelerate some timelines. The Challenge Facing Challenger BanksRanchere said thats most observable in the world of challenger banks, as investors reevaluate the core value such firms offer 鈥?and their sky-high valuations.There was no shortage of news in the聽challenger-banking space this week. For instance, Credit Sesame announced the launch of Sesame Cash, while聽Revolut expanded its footprint into Ireland.But Webster noted that not all of the news was good.
stanley termos For example, Monzo raised funds at a lower valuation level after recently announcing some layoffs.Ranchere said the challenger-bank space has been low
stanley thermoskanne ering valuations since 2020 began because for all the great expectations and grand predictions of disruption, firms have yet to deliver. Early on, I think a lot was made of upselling customers, growi Gobm Korean FinTech WireBarley Collaborates With TenCent on Payments to China
Alipay, the mobile and online payment platform operated by Ant Financial Services, announced on Wednesday Sept. 5 that it will collaborate with a wider range of local Japanese partners to build a cashless environment for tourists coming to Japan, in particular for the Tokyo Olympic Games in 2020.In a press release, Alipay said that by collaborating with Japanese partners, it will enable a large nu
gourde stanley mber of visitors coming from China to experience easy payment
kubki stanley methods while providing an opportunity for Japanese merchants to boost sales.Alipay is dedicated to enhancing user experience and creating value for small and micro businesses through technology. The Tokyo Olympics and the hike in visitors that this will bring is a good target for us, to ensure that the Alipay platform is the bridge between inbound visitors and local merchants here in Japan, said Eric Jing, executive chairman and CEO of Ant Financial, in the press release. It is also important that we are collaborating with partners not only in the metropolitan areas and big cities, but also in smaller cities with popular tourist attractions. We look forward to working with a wide range of Japanese partners to achieve this ambition, and in doing so contribute in some way to driving the local economy of areas across Japan.According to
stanley termoska Alipay, the number of Chinese tourists who visit Japan each year has been increasing from one year to the next. The company said that nearly 7.35 million people c
