Industry News

Net 1 UEPS Technologies, Inc. today announced that it has signed a subscription agreement with One MobiKwik Systems Private Limited in India. MobiKwik is India's largest independent mobile payments network, with over 32 million users and 100,000 retailers. MobiKwik's current shareholders include Sequoia Capital, Tree Line Asia, American Express, Cisco Investments, GMO Payment Gateway and MediaTek, as well as Bipin Preet Singh and Upasana..."/>
Net1 Invests in MobiKwik, a Leading Digital Payment Platform in India
AAC Technologies Holdings Inc. has today announced its unaudited interim results for the six months ended 30 June 2016. AAC Technologies finished the first half of the current fiscal year with solid results and has been selected as a constituent stock in the Hang Seng Index, effective on 5 September 2016, which positions the Company among the "blue chip" companies and reaffirms market recognition of its significant position in the technology sector..."/>
AAC Technologies Announces 2016 Interim Results
NuTonomy first to open service to public [Boston Herald]
Akamai Technologies Inc. with its "State of the Internet" reports. Enterprises, on the other hand, know Akamai for more than just that--as a content delivery network services company that helps them access a speedier and smarter Internet, and one that is reliable and secure. Much of what Akamai does is accomplished with the help of sophisticated algorithms, Tom Leighton, its chief executive officer, said in an interview in Mumbai."/>
Whatever we do is around mobile now: Akamai CEO Tom Leighton [Mint, New Delhi]
Target Corp. said it will end its business relationship with Welspun India Ltd, stating it had received bedsheets where Egyptian cotton was substituted with a cheaper variant. When stock market trading resumed on Monday, it was clear Welspun India wasn't worth the Rs.10, 370 crore valuation it enjoyed until the prior week. But how much was it now worth?"/>
How long does it take to discover Welspun India's new worth? [Mint, New Delhi]
Accenture analysis of data from CB Insights. Total investment in Asia-Pacific's financial technology sector reached $9.62 billion as of July 31, more than twice the $4.26 billion invested in the region in all of 2015.. "China's established companies, rather than nascent start-ups, are at the forefront of the..."/>
Asia-Pacific beats North America in fintech investment: report [Mint, New Delhi]
Axis Bank Ltd, Union Bank of India, Federal Bank Ltd and Bank of Maharashtra on Thursday went live with National Payments Corporation of India's UPI apps on the Google Play Store. The UPI system will allow customers to safely and..."/>
UPI goes live, banks introduce payment apps on Google Play Store [Mint, New Delhi]
Double-winged flying car on the way? [East Bay Times]
Apple's devices have a well-deserved reputation for security. But if it wasn't clear before, it should be now: They're not invulnerable. And, in fact, they've become a prime target for hackers."/>
East Bay Times Troy Wolverton column [East Bay Times]
Western Union Supports Earthquake Relief Efforts in Italy
Realtors with a passion for music [Andover Townsman, Mass.]
Facebook that they would begin "blow-out sales" Nov. 1 and will close Nov. 27.. "Time has now come for us and FUN CORNER to retire," owners Steve and Linda Sutherland said in their post."/>
Fun Corner costume shop in San Bernardino announces its last Halloween [The Press-Enterprise, Riverside, Calif.]
Facebook would get $10 million in state economic development funding to buy water rights for its proposed data center under an incentive package that was approved Thursday by the Los Lunas Village Council. If the proposed data center moves forward, the $10 million would be the largest amount ever disbursed by the state's Local Economic Development Act, or LEDA, program since it began in 2002.. The Los Lunas council also approved a water and wastewater..."/>
Facebook could get $10 million from NM for proposed data center [Albuquerque Journal, N.M.]
WALGREENS BOOTS ALLIANCE BUYS ANOTHER USD 1.19 BN OF AMERISOURCEBERGEN SHARES VIA WARRANTS EXERCISE US-based drug retailing chain Walgreens Boots Alliance, Inc. has exercised these warrants and purchased 22,696,912 shares of US-based pharmaceutical sourcing and distribution services company AmerisourceBergen common stock for an aggregate payment of approximately USD 1.19 bn using cash..."/>
M and A Navigator: Deal pipeline –26 August
Lockheed Martin is giving $3 million to the University of Colorado to fund a research center on radio frequency technologies and their use in space communications systems. The grant will fund the Lockheed Martin Radio Frequency Space Systems Research Center, which will offer several academic programs, including:. --Dual bachelor's/master's programs in aerospace and electrical engineering;."/>
Lockheed gives CU Boulder $3 million to fund space communications research [Daily Camera, Boulder, Colo.]
NorthStar Realty Finance Corp., a New York real estate investment trust, still owes..."/>
Bank wants to foreclose on Colorado Springs building that houses tech companies [The Gazette (Colorado Springs, Colo.)]

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