FinTech

Self custody could shift $300b off platforms by end 2026.

Adoption could rise to 79% by 2030 from 65% in 2024.

This is 75% lower than the funding it got in 2022.

Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.

The initiative includes a trial involving a local payment gateway.

This enables over 63% of all Wise transactions to be completed instantly, with an average fee of 0.62%.

The service allows foreign customers to pay in their home currency

Customization and security drive engagement and trust.

Virtual asset service providers will now need to be licensed.

The agreement will promote regulatory collaboration between the two markets.

It will run for 2 years and provide incubation support to institutions.

WealthTech captured most of the seed funding; Marketplace Lending unlikely to rebound.

Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.

If it continues this trend, fintech investments will be down 39% in 2022.   Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global. 

There were only eight investment transactions during the quarter.

Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.