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As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers.
The Financial Times is reporting that PayPal launched a domestic business in India in 2017, which allows for local and global payments in the country. PayPal considers the country critical to its growth.

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Southeast Asia’s SMB FinTechs on the rise
Investors backed three India-based FinTechs and one Singapore-based FinTech, all targeting small- and medium-sized businesses (SMBs) with their solutions designed to expand access to capital. More than $75 million in fresh funding hit the B2B FinTech community. News via PYMNTS .
Member News: Development Bank of Nigeria Share Results of Commitment to MSMEs
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments. Established in 2017 the Development Bank of Nigeria is regulated by...
Accion Finance Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. November 6, 2018 –  Accion became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
Member News: DBS Officially Releases New Programme for Startups
SME Finance Forum member, DBS launched Startup Xchange, a new business-matching programme for startups. The programme will support DBS, and their corporate and SME clients find solutions for their business by utilizing expert startups. According to the article, the initiative aims to reverse the downward trend happening with accelerator programmes...
BBVA Open Talent Fintech Competition Launches for its Tenth Year
Once again the competition will look to find the very best fintech ideas from anywhere in the world before offering the winners the chance to grow their business with a leading global business. BBVA is looking for the fintech ideas that will shape the future of banking, that will support customers to make the most of their money and their data,...
50 Start-ups Participate in the World Economic Forum in Brazil in the framework of a New IFC and WEF Initiative
The World Economic Forum and the International Finance Corporation (IFC) selected 50 leading start-ups from Latin America, to be part of a special program during the annual regional meeting of said forum in Brazil. During the Forum, you will be able to take advantage of a wide network made up of investors and business leaders from all over the...
Member News: Mastercard to Expand Technology Hub in New York City
Mastercard jointly announced with Governor Andrew Cuomo that it will add to its New York state operations with the expansion of its New York City Technology Hub. The company will relocate its current tech hub operations to a new Flatiron location at 150 Fifth Avenue and nearly triple its work force through the creation of over 470 new jobs by 2024...
Tide app founder
Tide, a digital-only banking app aimed at small businesses, has partnered with online lender iwoca, in a move to allow small companies access to loans of up to £100,000. Led by specialist fintech investor Anthemis, along with Passion Capital, LocalGlobe and Creandum, the company that backed Spotify, the startup raised $14 million. This is one of...
Dubai startups get new funding sources
Platform offers SMEs crowd funding and peer to peer finance. The Mohammed Bin Rashid Fund (MBRF), which is the financial arm of Dubai SME, and finance platform Beehive have signed a memorandum of understanding (MoU) to aid small and medium-sized enterprises (SMEs) with their financing needs. The MoU will enable SME owners in Dubai to obtain loans...
The most important take-aways from Finance Disrupted London
Where will the FinTech finance disruption come from? Banks are massive institutions. They have a lot of customers and have been on top of this business for years. Nevertheless, FinTech do not need to replace banks to disrupt finance. They can build an interface around them. Let’s take an example: what if a FinTech company would offer you to switch...