Remove tag fintech
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Pakistan Launches Payment System To Boost Financial Inclusion

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With the new feature, merchants, businesses, individuals, FinTechs and government entities will be able to utilize real-time payments via the internet, mobile phones and agents, alongside government payments like salaries and pensions, Reuters writes.

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Today In Payments: New Funding Values Tink At $824 Million; Starbucks Shifts 45 Pct Of Stores Toward Drive-Thru, Order Ahead

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In today’s top news, FinTech startup Tink raised €85 million to bring its valuation to €680 million, and Starbucks plans to shift more toward drive-thru and online ordering. New Funding Values Swedish FinTech Startup Tink at $824 Million. Plus, Airbnb shares soared in its first day of trading.

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Intuit Buys Credit Karma For $7.1B

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Intuit closed a deal to buy Credit Karma for a price tag of $7.1 billion to acquire Plaid, which helps fintech companies connect with customers’ bank accounts. billion on Monday (Feb. 24), according to published reports. The company is now worth more than $74 billion. And this year already, Visa paid $5.3

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Half Of Payments Executives Are Focused On Peer-To-Peer (P2P) Payments

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With the advent of emerging FinTech startups, banks face some competition for payments. As a result, banks are investing in and engaging with FinTech startups to grow their customer base and their market share. banks by assets have made 81 deals with FinTech companies since 2012 — and more than $4 billion in funding.

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PayU Acquires Wibmo To Grow India Business

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The firm has also invested in FinTech startups. In a press release at the time, PayU said the price tag was undisclosed, but noted the deal supported the company’s expansion into high-growth markets. Beyond Wibmo, PayU bought Citrus Pay in 2016 for $130 million.

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Grappling With FinTech, Banks May Reconsider Build Vs. Buy

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And that could be good news for FinTech firms or, rather, the folks who start them up and steer them into the arms of large-pocketed suitors. FinTech companies have been doing a good job of eating into banks’ turf, and yet it is the banks that are seemingly watching without really acting as quickly as they might or should.

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B2B FinTech Could Earn Index Ventures $2 Billion This Year

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billion from its early investments in B2B FinTech, according to Forbes reports Monday (June 11). Forbes reports highlighted the geography of the FinTechs — all based in Europe — as exemplary of the market’s industry strength. Venture capitalist (VC) firm Index Ventures is on its way to earn $1.6 Its float could fetch $1 billion.

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