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AirPay FinTech integrates with AsiaPay; Merchants can now accept Alipay, WeChat Pay & UnionPay

AsiaPayAustralian FinTech company AirPay announce its collaboration with AsiaPay to enable Australia and NZ merchants to accept Alipay, WeChat Pay and UnionPay.

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Australian FinTech company AirPay Financial Technologies (AirPay FinTech) announced its collaboration with AsiaPay, a payment gateway, to enable Australia and New Zealand merchants to accept Alipay, WeChat Pay, and UnionPay via its extensive network of payment plugins such as Magento, Opencart & WooCommerce, etc.

Merchants can enjoy various value-added gateway features like MCP, Pay Booth, Payment Link, Recurring Payment & built in Anti-Fraud solutions, etc.

AsiaPay Senior Manager, AirPay FinTech Co-Founder Simon Tse enthused, “We are thrilled to offer omni-channel payment & marketing to Sneakerboy, Primus Hotel, Canvas Beauty, Urban Pharmacy, HarkHark, Daojia via AsiaPay’s integration. We aim to drive one million Chinese consumers to merchants via everyday usage of our new features “ToPay” which is embedded within Chinese media platform ‘Today Australia’ app.”

“Along with our technology and partnership development, AirPay FinTech also integrated with Shopify, client reference: Koko Black, Thermomix, Pixie’s Bows and Alice McCall.”

Alipay, WeChat Pay & UnionPay is now available within AsiaPay payment gateway. Digital marketing support to merchants is provided by AirPay FinTech to drive massive traffic to merchants’ websites.

Source: https://australianfintech.com.au/airpay-fintech-integrates-with-asiapay-merchants-can-now-accept-alipay-wechat-pay-unionpay/

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The Investors Who Face Big Losses From the Quibi Collapse

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On Wednesday, video startup Quibi told its investors that it will shut down, a dramatic collapse of a digital media startup that launched just six months ago. Now those investors—from Quibi CEO Meg Whitman to Google, Facebook and J.P. Morgan—are facing losses and figuring out what they may recoup from the flop.

Quibi revealed to investors Wednesday afternoon that, after paying its outstanding bills, it would have only about $350 million left to return to shareholders, out of the $1.75 billion it raised. That means most investors will lose money. But because investors in the earlier rounds have rights to get preferential treatment, those who participated in the last round will come out the worst.

Source: https://www.theinformation.com/articles/the-investors-who-face-big-losses-from-the-quibi-collapse

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Frollo partners with Virgin Money to deliver financial wellness features in neo bank app

Virgin MoneyVirgin Money will leverage Frollo’s SaaS Integration Platform to provide customers with a market-leading mobile banking experience.

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Frollo has today announced that it is partnering with the Bank of Queensland (BOQ) Group to deliver money management and financial well-being features for Virgin Money’s new digital bank, which is scheduled for an initial soft launch at the end of 2020.

Virgin Money will leverage Frollo’s software as a service (SaaS) Integration Platform, which brings together its artificial intelligence engine, application programming interface and partner integrations, to provide customers with a market-leading mobile banking experience that promotes financial wellness.

Users of Virgin Money’s digital bank will benefit from enriched transactions and insights on their spending, as well as the ability to track bills, create a budget and set personal goals.

Mr Greg Boyle, Virgin Money CEO, said, “Helping our customers prosper and achieve their financial goals is at the heart of the Virgin Money digital banking experience. We’re thrilled to be partnering with Frollo to provide our customers with actionable insights on their spending and savings habits, to help them take control of their financial wellbeing in an engaging and rewarding way.”

The Virgin Money partnership is an exciting next step for Frollo, the purpose driven FinTech, in line with its goal to bring financial wellness to Australians. Mr Gareth Gumbley, Frollo Founder and CEO, said, “Financial wellbeing is an important topic, now more than ever. Virgin Money is passionate about helping customers be financially better off, now and in the future, and we’re proud they’ve chosen Frollo’s SaaS Integration Platform to power categorisation, insights and financial wellbeing for their neo bank.”

Source: https://australianfintech.com.au/frollo-partners-with-virgin-money-to-deliver-financial-wellness-features-in-neo-bank-app/

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Quibi To Shutter in Stunning End to Ambitious Venture

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Jeffrey Katzenberg’s video streaming service Quibi is shutting down, said a person familiar with the situation, bringing down the curtain on the short-form video streaming service just six months after it launched.

The closure is a stunning end to Katzenberg’s hopes of creating a new category of video entertainment, short programs of a few minutes in length that could be watched on the go. Katzenberg, a former Disney executive who later helped start DreamWorks, raised nearly $2 billion to finance Quibi. Among the backers were most of the major Hollywood studios, Google, Alibaba and the Madrone Capital Partners.

Quibi scheduled calls with investors and employees on Wednesday afternoon to deliver the news.

Source: https://www.theinformation.com/articles/quibi-to-shutter

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