Uncategorized Google “acquired” Japanese Fintech

Google “acquired” Japanese Fintech

Japanese media reported, Google is making a foray into financial services in Japan by acquiring Pring Inc, a cashless payments startup, for between 20 and 30 billion yen (about $180 to $270 million). . Nikkei said that Google\’s negotiation to buy Pring Inc aims to help this US “giant” provide its own financial services instead of depending on partner banks and issuers. credit.

The cashless payment market in Japan is still relatively young andwpml_nbsphas plenty of room for expansion.   Nikkei cited 2020 data, the rate of non-cash payments in Japanese retail transactions is just under 30%, much lower. compared to 70-90% in Korea and China. The entry of Google will strengthen the competition in this area.

Pring Incwpml_nbsp is headquartered in Tokyo and is controlled by Mizuko Bank.  Pring Inc currently provides payment, cash transfer and withdrawal services via smartphones. Pring Inc currently provides payment, cash transfer and withdrawal services via smartphones. 

Pring Inc currently provides payment, cash transfer and withdrawal services via smartphones. Pring Inc currently provides payment, cash transfer and withdrawal services via smartphones.

Minh Minh

tin LIÊN QUAN

April 20, 2022

During 2 days of vacation in Ha Long, the teams will have an extremely detailed schedule of attractions. Let\’s be well prepared for the great time to come!
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April 20, 2022

After a year of hard work with well-deserved achievement, the staffs of MB Bank, MCredit, ByteLink, and MB Ageas Life will travel to Ha Long Bay together on the 7th and 8th of May to fully enjoy the summer vacation of 2022. Ha Long Bay, where thousands of islands are generated by spectacular and vibrant formations, has been recognized by UNESCO as a World Natural Heritage many times. Moreover, this place also has a wonderful beauty that attracts domestic and foreign tourists. For that reason, Ha Long is the destination for the summer vacation of 2022 of Alphaway\’s teams
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It is possible to state that 2022 will be the year we have a great vacation after a long time facing the Covid pandemic, which makes the morale of the company\’s employees somewhat decrease.In addition, this is also the first time when all employees of MB-MC-MBAL teams have gathered at the same time and place. What\’s more united, what\’s more fun than relaxing together after a stressful time with KPIs, and most importantly, being able to introduce the families so that everyone can understand each other and firmly believe in the working environment at Alphaway.

With only a short time (2 day, 1 night), however, the members of the teams will be extremely excited and looking forward to the day when they could travel together with a series of interesting landscapes! And now, let\’s look at some of the most exciting informations for this year\’s vacation!

Trip information:
Vehicles: Travel Car
Time: 7th – 8th May, 2022

Participants:
For Employees:
– The company will pay 100% of travel expenses for employees who signed an official labor contract with the company from May 1st, 2022 or earlier and still work at the company until the date of organizing the trip.

For accompanying relatives:
– Children from 1-4 years old are free of charge (parents are self-sufficient for children)

– From 5-9 years old, 80% of tour price (eat as an adult, sleep with parents)

– From 10 years old and above are charged as adult cost

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Dragon Park
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Bai Chay Bridge
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Visiting the islands on Ha Long Bay Quang Ninh Museum
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Quang Ninh Museum


 For employees who do not participate in this year\’s vacation, the company will have a separate support policy  the following cases:

  • Pregnant female; people who are on maternity leave or are raising children under 24 months old
  • Male with a wife expected to give birth in May 2022
  • Employees perform professional tasks approved by the Company\’s Director
  • Other special cases decided by the Company\’s Director.

Only about 1 month left until the trip of  team  will officially start! All the HOT news about the 2022 vacation will be updated continuously with extremely useful information!
What\’s fun to come to Ha Long? What do you need to prepare before going to Ha Long? What tips for Ha Long tourist season? Be sure to look forward to reading in the next newsletter of the Internal Communications Department, loves!

ALPHAWAY TRIP – FAMILY TRIP -Hope you have a nice vacation!

December 30, 2021

The Government has just issued Resolution No. 100/NQ-CP dated September 6, 2021 approving the proposal to develop a Decree on a mechanism for controlled testing of financial technology (Fintech) activities in the banking sector.

The Government has just issued Resolution No. 100/NQ-CP dated September 6, 2021 accepts the proposal to develop a Decree on a mechanism for controlled testing of financial technology (Fintech) activities in the banking sector.

Financial technology (Fintech for short) is the application of innovative, creative and modern technologies to the financial-banking sector such as payment services, money transfer, peer-to-peer lending, financial management products…, in order to provide customers with transparent, efficient and convenient financial services at a lower cost than traditional financial services.

Financial technology (Fintech for short) is the application of innovative, creative and modern technologies to the financial-banking sector such as payment services, money transfer, peer-to-peer lending, financial management products…, in order to provide customers with transparent, efficient and convenient financial services at a lower cost than traditional financial services.

Therefore, the task posed to the management agencies is to ensure; at the same time, the goal is to support the promotion of innovation while maintaining the stability and safety of financial markets and supporting economic growth.

In Vietnam, the company\’s activities providing Fintech solutions, peer-to-peer lending (P2P lending), new payment models, cross-border money transfers, sharing user data through an open application programming interface (Open APIs),… have no specific legal regulations to regulate.

The examples from the case of Uber and Grab in the transportation market in the past time are lessons for the banking industry in responding to rapid changes in technology. Without a timely legal corridor, there will be many embarrassments when Fintech companies expand their operations.

Deriving from the development practice of the Fintech Ecosystem in Vietnam and the management practices of the Fintech sector in the world, in the immediate future, the establishment of a controlled testing mechanism for Fintech activities in the banking sector in Vietnam. It is very urgent and necessary to approve the promulgation of the Decree, especially in light of the great policy of the Party and State on the development of “Government and the digital economy” in the new era of the Second Industrial Revolution. 4th.

Thùy Liên