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Looking to emulate Venmo, JoomPay preps a Euro launch for easy bill splitting and cash payments

Looking to emulate Venmo, JoomPay preps a Euro launch for easy bill splitting and cash payments JoomPay, a startup with a similar product to PayPayl-owned Venmo in the US, is set to launch in Europe shortly after being granted a Luxembourg Electronic Money Institution (EMI) license. The app allows people to send […]

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African fintech startup Chipper Cash raises $30M backed by Jeff Bezos

African fintech startup Chipper Cash raises M backed by Jeff Bezos African cross-border fintech startup Chipper Cash has raised a $30 million Series B funding round led by Ribbit Capital with participation of Bezos Expeditions — the personal VC fund of Amazon CEO Jeff Bezos. Chipper Cash was founded in San Francisco in […]

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In the ‘buy now, pay later’ wars, PayPal is primed for dominance

In the ‘buy now, pay later’ wars, PayPal is primed for dominance Stephen Milbank Contributor Share on Twitter Stephen Milbank is the co-founder and Head of Global Strategic Partnerships at Button, a mobile commerce technology company that is powering a commerce-driven internet. The COVID-19 pandemic has already dramatically reshaped how Americans shop, […]

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China’s digital yuan tests leap forward in Shenzhen

China’s digital yuan tests leap forward in Shenzhen Shenzhen, known for its maker community and manufacturing resources, is taking the lead in trialing China’s digital yuan. Last week, the city issued 10 million yuan worth of digital currency to 50,000 randomly selected residents. The government doled out the money through mobile “red […]

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Daily Crunch: Venmo launches a credit card

Daily Crunch: Venmo launches a credit card Venmo’s first credit card is here, a former Amazon employee is arrested for fraud and we review the Nest Audio smart speaker. This is your Daily Crunch for October 5, 2020. The big story: Venmo launches a credit card PayPal -owned mobile payment app Venmo […]

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Crypto exchange Bitpanda closes $52M Series A from Valar Ventures, backed by Peter Thiel

Crypto exchange Bitpanda closes M Series A from Valar Ventures, backed by Peter Thiel Bitpanda, a crypto assets platform, has closed a $52 million Series A funding round form Valar Ventures, a venture capital firm backed by Peter Thiel. Vienna-based VC Speedinvest also participated, alongside other unnamed investors. Claiming 1.3 million users, Bitpanda has […]

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PayPal completes GoPay acquisition, allowing the payments platform to enter China

PayPal completes GoPay acquisition, allowing the payments platform to enter China PayPal this morning announced it has completed its acquisition of a 70% equity stake in GoPay (Guofubao Information Technology Co. [GoPay], Ltd.), making PayPal the first foreign payment platform to provide online payment services in China. The transaction was approved by […]

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Nike is latest retailer to offer 3% cash back to Apple Card users

Nike is latest retailer to offer 3% cash back to Apple Card users Nike is the latest company to offer 3% cash back to Apple Card users, when they make an Apple Pay purchase using the card across Nike’s retail platforms, including its stores, Nike.com, SNKRS, Nike Training Club, Nike Running Club […]

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Google to offer checking accounts in partnership with banks starting next year

Google to offer checking accounts in partnership with banks starting next year Google is the latest big tech company to make a move into banking and personal financial services: The company is gearing up to offer checking accounts to consumers, as first reported by the Wall Street Journal, starting as early as […]

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China Roundup: facial recognition lawsuit and cashless payments for foreigners

China Roundup: facial recognition lawsuit and cashless payments for foreigners Hello and welcome back to TechCrunch’s China Roundup, a digest of recent events shaping the Chinese tech landscape and what they mean to people in the rest of the world. This week, a lawsuit sparked a debate over the deployment of China’s […]

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