FinTech

Anheuser-Busch InBev, currently the world’s largest brewing company by revenue, is trying to break big into many parts of Asia, with a considerable focus on China. The company which debuted its listing on the Hong Kong stock exchange about a week ago, is also interested in other markets such as South Korea, Vietnam and India as well. However, many who are familiar with the market in China, for example, are yet to see how the company could possibly break into a market that’s already mostly...

Bankgebühren Das Schweizer Bundesamt für Statistik hat errechnet, dass die Bankgebühren seit 2000 um mehr als 80% gestiegen sind. Erfasst wurden die Tarife für das Konto- und Wertschriftensortiment. Diese eindrückliche Grafik publizierte die NZZ am Sonntag: Das es auch anders geht, beweisen Fintech-Startups wie Revolut und Transferwise. Zudem haben in den USA und UK führende...

Facebook’s Libra has no doubt incurred a mixed reception among crypto fans and regulators alike, but the fact that it could now be left in the dark by one of its biggest supporters – PayPal – doesn’t look good at all.Libra and PayPal Part WaysPayPal and Facebook are hugely connected through Libra in that former PayPal exec David Marcus is the leader of development with Facebook’s blockchain division. He’s the guy in charge of Libra, and he’s often the man who serves as the face of the...

The walls are all but crumbling down around Facebook’s embryonic ‘cryptocurrency’ venture, as PayPal allegedly considers calling quits on Libra. Libra Back(er)s Against the Wall First Visa, and MasterCard, and now PayPal. Things aren’t looking too rosy for Libra, as regulatory watchdogs continue to hound the project. Today, a fresh batch of conjecture is boiling over, as the Financial Times reports that representatives from PayPal abstained from yesterday’s Libra association meeting. 28...

Apart from its ongoing antitrust investigation as put forward by the Federal Trade Commission (FTC), Facebook is also having a rough time regarding its proposed digital currency, the Libra. A few months ago, Facebook announced its plans to float its own cryptocurrency and also released a whitepaper to the effect.As part of the announcement, a Libra Association was announced, an association made up of several big companies including Uber, Mastercard, Visa, eBay, Spotify and many other...

Bird, a startup that rents out electric scooters, has acquired an extra $275 million in Series D funding round led by CDPQ and Sequoia Capital. After raising that amount at a valuation of $2.5 billion, the company claims that is a testament to its effort to improve its unit economics.Notably, the new funding raises Bird’s post-money valuation to almost $2.8 billion. This funding round comes just a few months after reports emerged that Bird wanted to raise a Series D round at a $2.5 billion...

Although Apple is making an aggressive move in the fintech and global payments industry, the tech giant has no plans to step in the crypto space for now. Apple Inc’s chief executive officer Tim Cook recently said that his company has no plans to launch its own digital currency.During an interview with French financial newspaper Les Echos, Cook said that matters related to currency should remain in the hands of countries and their respective governments. He added:“I really think that a...

Photo: MicrosoftOn Thursday we reported of Microsoft unveiling its next generation of Surface devices including the dual-screen Surface Neo tablet and the Microsoft Surface Duo, a smaller device that seems to be for all intents and purposes a new Microsoft foldable phone.We also said that Surface Duo will have Android instead of Windows OS. However, Neo will brag with the new variation of Microsoft’s operating system to keep track of: Windows 10X.Microsoft is constantly trying to push its...

According to the Wall Street Journal, Visa and MasterCard are getting cold feet about helping build payment infrastructure for Facebook’s Libra project. The Wall Street Journal said that a number of financial partners were starting to back away from Libra because of regulatory concerns. This comes on the heels of a September 9 meeting in Switzerland in which financial regulators from across the globe questioned members of Libra. It also follows the skepticism expressed by Congress in July,...

Microsoft announced something we didn’t really expect – a new foldable Surface Neo counterpart with phone functionality. Dubbed the Surface Duo, it runs Android instead of Windows. It seems that the world strongly needs a “clasp” because foldable phones are starting to be very much “in fashion” again.Microsoft came as a direct challenge to Samsung’s Galaxy Fold but also the upcoming Motorola Razr. The main difference will be in the fact that you may choose between one big screen that bends in...