Tencent Launches China’s First Online Only Bank – WeBank

Tencent WeBank Total online BankAt a time when Corrupt Congress led Government in India was planning a step backwards to launch Banks on the basis of Sex, Caste Creed and Color, our neighbor China swiftly moved to regulate Online Only banks. Tencent, for instance, launched China’s first online private bank (WeBank) in a ceremony in Shenzhen on 4 Jan 2015. WeBank, which is fully internet-based with no physical branches in China, offers small loans of less than RMB1m to small- and medium-sized businesses (SMBs). Chinese premier Li Keqiang enabled WeBank’s first loan during the ceremony, extending RMB35,000 of credit to a truck driver. Full operations are expected to begin in April.

Alibaba affiliate Ant Financial also received one of five similar online private banking licenses issued in (more…)

List of All Online / Mobile Payment Gateways / Channels in India

Citrus Payment Gateway India - Split BillsWe have received numerous request from Readers / potential entrepreneurs to make a list of all the Payment Gateways for Online & Mobile Transactions in India. By Popular Readers’ demand, here is the list based on the who was the fast in the Indian market.

  • Payseal/ICICI Bank ICICI Merchant Services 2000
  • Billdesk Indiaideas.com Ltd 2000
  • CCAvenue Avenues India Private Limited – 2001
  • Transecute Transecute India Pvt Ltd (Directi) 2001
  • EBS E-Billing Solutions 2005
  • Paymate Wallet Paymate India PVt. Limited 2006 [Mobile]
  • DirecPay/Timesgroup TimesofMoney Ltd. 2008
  • (more…)

BigCommerce Next – Powering Offline Retailers to Go Online / Mobile

Big Commerce The homegrown engineering team from Aussie tech startup Bigcommerce has revealed new tools to help anyone become an online / mobile retail entrepreneur.

Called Bigcommerce Next, it’s a whole host of new tools and systems (20 new features). It rolls out today to the 50,000 stores that use this Aussie startup’s software. We’d be happy to put you in touch with one or two of them so you can see how (more…)