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payments

Why Ant Financial-backed Dana may struggle to catch up with other Indonesian payments apps

Photo credit: idspopd / 123RF Ant Financial, which has risen to become one of the world’s biggest private tech firms with a reported valuation of US$150 billion, is best known for its digital payments platform Alipay. But the Alibaba unit is sitting on a treasure trove...

Photo credit: idspopd / 123RF ...

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Toss, Korea’s top payment app, raises $40M from Sequoia China and Singapore’s GIC – TechCrunch

The largest payment app in South Korea, Toss, has pulled in $40 million in fresh investment from Singapore sovereign wealth fund GIC and Sequoia China. The deal for Viva Republica, Toss’s parent company, comes just over a year after it raised $48 million from payment giant...

The larg...

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Truecaller makes first acquisition to build out payment and financial services in India – TechCrunch

Sweden’s Truecaller started out life as a service that screens calls and messages to weed out spammers. In recent times the company has switched its focus to India, its largest market based on users, adding services that include payments to make it more useful. Now...

Sweden’s Truecaller sta...

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Grab branches out again, this time launching an innovation arm

Grab co-founder and CEO Anthony Tan (L) and Albert Lucius (R), co-founder and CEO of Kudo, a portfolio company of Grab Ventures / Photo credit: Grab When a startup starts investing in other startups as a matter of course, it’s a good indication that it has...

Grab co-founder and CEO Anthon...

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PayPal and Singapore’s Temasek invest $125M in Indian payment startup Pine Labs – TechCrunch

[ad_1] Fresh from agreeing its largest acquisition to date with a deal to buy European payment firm iZettle for $2.2 billion, PayPal is on the investment hunt once again after it backed India’s Pine Labs with a $125 million round. The financing jointly comes from...

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