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Some nN Some nations might be shying away from their commitments at Cop26, but not so giant payments platform Mastercard. As world leaders come together for the UN Climate Change Conference (COP26), it has unveiled an acceleration of its net zero timeline by a decade, from 2050 to 2040. It is also scaling its sustainable solutions to customers across Europe and Latin America, including Banco de Costa Rica, ekko, Gránit Bank, and Sberbank, which have all signed on to adopt the Mastercard Carbon Calculator. As part of its net zero strategy, Mastercard had already committed to meet its existing s ..read more

The largest in-person tech event since the pandemic began is now sold out. So say the organisers of Web Summit which kicks off tomorrow in Lisbon. More than 40,000 people are set to arrive in the capital of Portugal over the next week to attend the largest tech event to take place since the pandemic began. It will host founders, investors and media from all over the world. Star turns include Amy Poehler and Thierry Henry, tech giants such as Apple’s Craig Federighi and Amazon CTO Werner Vogels, and the next generation giants like Sorare’s Nicolas Julia.  “We have defied all odds. The retu ..read more

Indonesia is setting itself up as the next great startup hub in Southeast Asia. The Ministry of Communication and Informatics, the official government agency of Indonesia tasked with implementing national policies in the field of communication and informatics, is keen to point out that the county has received the lion’s share of funds raised in 2020 in Southeast Asia, some US$2.7 billion.  The Indonesian Venture Capital and Startup Association (Amvesindo) is the source of the data which also shows that US$1.9 billion has been raised by at least 52 startups as of September 2020.  The ..read more

So-called Blockchain Bank of the Future Quantocoin is to be integrated into the QuantoPay Digital banking platform. This is set to launch in the US and Latin American market in 2022 after the start of its second-generation Fintech and DeFi blockchain solution challenger bank in Europe and the UK.  QuantoPay functions as a digital and blockchain mobile-only bank. It told Next Money that this is the world’s first global revolutionary fintech application, giving users the freedom to manage money through their smartphones. Through its collaboration with VISA, CONTIS and Currencycloud, it said ..read more

Seattle-based Cellfie, a mobile payment solution provider from Ant & Bee, has launched its SoftPOS merchant payment acceptance solution in South Korea, following a partnership with KEB Hana Card. SoftPOS is a technology which turns off-the-shelf Android smartphones into a POS device allowing merchants to accept contactless Visa or Mastercard payments without additional hardware. Customers can now make payments by tapping their credit, or debit card to the merchants’ smartphones. Cellfie allows merchants to accept contactless payments using NFC enabled credit, or debit cards, or mobile wall ..read more

Addepar, a US wealth management technology platform purpose built for investments, has acquired AdvisorPeak. As a strategic technology partner within Addepar’s vibrant open ecosystem, AdvisorPeak offers investment professionals enterprise-class portfolio management tools that support portfolio trading and rebalancing, incorporating client cash management needs, and tax-optimized strategies. The AdvisorPeak team and technology are now a part of Addepar, and will further bolster its industry-leading solution for advisors ..read more

The number of digital financial services (DFS) providers that have been approved to operate in the Malaysian Labuan International Business and Financial Centre (Labuan IBFC) digital space has grown to 85 licensees, having licensed 25 intermediaries as of September 2021.  The key licensees include two digital banks, one insurtech and one digital securities exchange, 16 payment systems providers, 18 credit token issuers and 33 money brokers (digital currency exchanges). Out of the total number of DFS providers in Labuan IBFC, the majority were licensed to provide digital currency tradi ..read more

Asset manager VanEck has listed Europe’s first ETF that provides access to Chinese companies from the new economy which take ESG criteria into account. The VanEck Vectors New China ESG UCITS ETF can be found on the London Stock Exchange and Xetra Deutsche Börse. It is also available at CEINEX, a platform of Deutsche Börse for China-related financial products in Europe. VanEck told NextMoney that China is one of the world’s fastest growing major economies, and has a rapidly growing middle class. Currently, it includes around 400 million people, which is already larger than the total popula ..read more

Market Pay, the European and omni-channel payment platform, has acquired Dejamobile, a French fintech leader in mobile and connected equipment payment solutions. Dejamobile develops digital transaction software solutions targeting the payment, transport and retail industries. Its white-labelled solutions are marketed globally to merchants, banks, fintechs and merchant service providers. Certified according to market standards, Dejamobile solutions enable them to offer innovative and certified digital payment solutions based on the latest technologies (NFC, HCE, Token, QR Code). Market Pay and ..read more