Episode 9 - 13th October 2015

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 13th of October 2015, some trending stories today are:

TOP STORIES

Author, Speaker, Futurist and CEO of Moven, Brett King announced at Sibos today that Moven raised US$ 12 Million in a Series B financing round led by Route 66 Ventures, bringing the total capital raised to US$ 25 Million.

What started out as a mobile based PFM / wallet, is now more of a cooperative mobile app, that has licensed deals with banks in the regional countries Moven is operational. Good going Sir.

Navi Ravikant, of AngelList has ventured East and won. The cofounder of AngelList has managed to secure US$ 400 Million from China!

CSC Ventures, the US arm of China Science and Merchants Investment Management Group is pushing the private equity money to US and wants a piece of the action on all the potentials that AngelList can throw at them. Needless to say, this is going to shake a few trees on Sand Hill Road.

Worldpay made its debut in UK on the London Stock Exchange, valuing the company at 4.8 Billion Pounds. Towards the end of the day, shares were trading at the debut price range. WorldPay has raised 2.5 Billion Pounds from the IPO.

Twitter Cofounder & CEO Jack Dorsey is going to be giving the pink slips to about 8% of its global workforce under a new restructuring plan.

J P Morgan Chase executive James Staley has been picked as the front-runner for the Barclays CEO position, a void left after former CEO Antony Jenkins left in wake of financial problems at the British Bank.

Joining other countries, India and China are now issuing guidelines for taxi-hailing apps.

BLOG OPINION

Facebook’s new product called Canvas allowed users to tap on carousel format ads, and rather than be taken to the advertisers own website (which often takes time to load), product pages will load directly within Facebook. Yet another step closer for Facebook before it becomes the Shopify of the Internet world. E-Commerce is just around the corner.

ONE LAST WORD…

Microsoft now has 25 active money transmitter licenses in the US, my sources tell me an all new adaptive payment app is ready at Microsoft, just cannot be launched because not all the licenses are in (especially, NY, CA and TX). The app which will work with Skype and natively within Windows 10 and Windows Mobile has been in development for over two years internally within Microsoft.

That’s all for today, my name is Faisal Khan and you’ve been listening to the Payments Monitor.