Mobile companies that seize on the progress already taking place and learn from or integrate trends like digital wallets, QR codes, on-demand delivery and 5G will be poised for the biggest success in LATAM — and quite possibly, on a global stage.
payments
The fintech industry is on a tear. Popular consumer services like Robinhood to Coinbase and Revolut have managed to attract millions of customers, but the most interesting trend right now is embedded finance. Tech companies that don’t necessarily provide financial services can embed services from fintech companies directly in their products. At the same time, […]
Embedded finance might represent fintech’s future
It’s raised $5.7 billion from Facebook. It’s taken $1.5 billion from KKR, another $1.5 billion from Vista Equity Partners, $1.5 billion from Saudi Arabia’s Public Investment Fund, $1.35 billion from Silver Lake, $1.2 billion from Mubadala, $870 million from General Atlantic, $750 million from Abu Dhabi Investment Authority, $600 million from TPG, and $250 million from […]
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WhatsApp is adding support for in-app payments, Apple is upgrading the MacBook Pro and Mac Pro desktop and we argue about the future of startup hubs. Here’s your Daily Crunch for June 15, 2020. 1. WhatsApp finally launches payments, starting in Brazil After months of talks and trials, WhatsApp has finally pulled the trigger on […]
Daily Crunch: WhatsApp launches payments
After months of talks and trials, WhatsApp has finally pulled the trigger on payments in its app. Today the Facebook-owned messaging service announced that users in Brazil would be the first to be able to send and receive money by way of its messaging app, using Facebook Pay. The news comes a little bit as […]
WhatsApp finally launches payments, starting in Brazil
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WhatsApp, which began testing its mobile payments feature in India two years ago, could offer at least one more financial service to people in its biggest market: credit. In a filing with the local regulator in India, the company has listed credit as one of the areas it plans to explore in the country. At […]
WhatsApp eyes credit feature for users in India
Facebook’s major bet on Jio Platforms could create a headache for mobile payments services that have amassed tens of millions of users while struggling to find a business model in the world’s second-largest internet market. The $5.7 billion investment, Facebook’s second-largest to date, could also further its dominance in India — its biggest market by […]