F|T: The FinTech Times – Mobile payments are broken

MobilePayments

Welcome to the FinTech Times, a weekly newsletter covering the biggest FinTech news from around the globe. If you want to read F|T before anyone else, make sure to subscribe using the form at the bottom of this page.

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BetaKit

Lending Loop halts new loan requests amidst talks with “securities regulatory authorities”

Lending Loop called the move an “act of good faith” and a voluntary decision, with the peer-to-peer lender currently engaged in discussions with unnamed securities regulatory authorities.



Wealthsimple

The Cofounder of Wattpad on Being a Conservative Yet Reckless Business Owner

A year after Allen Lau started his company, he and his cofounder didn’t have enough to both buy Starbucks. They never looked back. (sponsored)



BetaKit

TD Canada Trust’s new mobile payments solution beats Apple and Samsung to the punch in Canada

Beating the likes of Apple and Samsung to the punch, TD Canada Trust has launched its own mobile payments solution that supports Visa credit cards in Canada.



Finextra

Google pilots Hands Free payments app

Google has begun testing its Hands Free payments app, letting a small group of people in San Francisco leave their wallets and phones in their pockets and pay just by talking.



BetaKit

RentMoola raises $5 million

RentMoola, a rent payment platform, has raised $5 million in an oversubscribed round following strong support from strategic, accredited, and retail investors.



TechCrunch

The broken world of mobile payments and how to fix it

Why aren’t more people enjoying the convenience and ease of mobile payments?



Finextra

Merchants group applauds Canadian Bill to rein in interchange fees

Freddy Kelly says London is young and hungry.



Chicago Tribune

Here’s why FinTech companies are opting to stay private: funding just hit a record

A new report from KPMG International and CB Insights shows that private funding flowed relatively freely into the FinTech industry in 2015, feeding into an overall trend that has seen startups opt to stay private for longer.



Bobsguide

How risky will the Brexit be for UK FinTech?

It is yet to be told if London will remain as one of the world’s financial centres if the UK leaves the EU, but this also questions the effect it will have on UK FinTech.




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Feature image courtesy TechCrunch.

Douglas Soltys

Douglas Soltys

Douglas Soltys is the Editor-in-Chief of BetaKit and founder of BetaKit Incorporated. He has worked for a few failed companies and written about many more. He spends too much time on the Internet.