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The Financial Technologies SMEs Aren’t Using

PYMNTS

The average small business considers itself a “moderate” user of technology, according to the PYMNTS.com SMB Technology Adoption Index. sought external financing in 2016 , suggesting these firms simply aren’t interested in lending technologies or accessing, for instance, a loan from an alternative finance provider.

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Rakuten Dumps $1.4B In Tech Holdings, Including Pinterest Stake

PYMNTS

The shares were from the company’s technology holdings, according to Rakuten, and the sheer amount of them raised concerns among analysts about overvaluation in the sector. Rakuten, an early investor in the social media company, saw a return investment of 382 percent.

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Rakuten Dumps $1.4B In Tech Holdings Including Pinterest Stake

PYMNTS

The shares were from the company’s technology holdings, according to Rakuten, and the sheer amount of them raised concerns among analysts about overvaluation in the sector. Rakuten, an early investor in the social media company, saw a return investment of 382 percent.

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Robinhood Faces Another Service Interruption Due To Technical Issue

PYMNTS

The financial technology company is regarded for helping to make trading in vogue with millennials, Reuters reported. “We The company noted in a separate tweet that its systems had been completely brought back online and its web platforms were working. “We The app was up in under an hour.

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Checkout.com Buys Australian Startup Pin Payments

PYMNTS

London-based global payment provider Checkout.com has purchased Pin Payments, an Australian startup, the companies announced Tuesday (May 26). The purchase allows Checkout access to Australia’s $33 billion eCommerce market and expands the company’s reach in the Asia Pacific region of the globe. Terms of the deal were not disclosed.

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Bitcoin Daily: Ping An’s FinTech Arm Teams Up To Launch Blockchain Solution; CFTC Calls For Default Ruling For Alleged Ponzi Scheme Founder

PYMNTS

OneConnect Financial Technology and China Merchants Port Group ( CMPort ) will work to create a blockchain-based system with Shenzhen customs to serve the Guangdong-Hong Kong-Macao Greater Bay Area. The firm claimed it would return customer funds, but allegedly was in the process of liquidating the bitcoin for around $147 million.

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Five At Five: Amazon’s New India Push

PYMNTS

There is a new development from the world of real estate payments, and a large social media platform is embracing commerce. The move comes as the eCommerce company reportedly wants to make the country into a major market. Today’s coverage includes details of Amazon’s new plans for India, along with a potential threat to JD.com.