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Alipay granted Luxembourg license to serve European market
Alipay, part of Alibaba group, has been granted with an electronic money license in Luxembourg. Alipay is China’s leading mobile and online payment solution, with more than one billion users globally.
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[News] Luxembourg Finance Minister announced this morning in Shanghai: “I am...
[News] Luxembourg Finance Minister announced this morning in Shanghai: âI am very pleased that Ant Financial, owner of Alipay, the world's leading third-party payment platform, has selected Luxembourg as their European hub to help connect their Chinese users with merchants in EU countries.â ...
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EU financial centres break new ground
In this critical period for Europe, the role of a robust network of financial centres to leverage the necessary value of financial services to the economies of the EU was debated on Wednesday 6 September, at the first conference of the European Financial Centres Roundtable. The new grouping of leading financial centres in the EU welcomed Commissioner Michel Barnier’s comments at the conference, supporting the contribution financial services make to the wider economy.
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Alipay granted Luxembourg license to serve European market
[News] Alipay, part of Alibaba group, has been granted a Luxembourg payment institution license. Alipay is Chinaâs leading mobile and online payment solution, with more than one billion users globally. â¡ï¸ http://bit.ly/2Fq9tOa #FinTech #payments #Mobile #onlinepayment #luxembourg ...
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SEQVOIA is the latest firm to solve a back-office headache
Every now and then Luxembourg leaders stop talking about venture capital and structured finance – both of which are alive and healthy – and admit, as Finance Minister Luc Frieden did in London last Autumn, that investment fund administration is what we do best.
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Applications Open for Fintech Europe 2018
Village Capital, in partnership with PayPal, Middlegame Ventures and the LHoFT are collaborating to launch Fintech Europe 2018, a venture development program for entrepreneurs creating technological solutions that help financial institutions, financial markets, regulators and consumers interact with financial products and services in the digital age.
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Rating Initiative brings more transparency to the microfinance industry
The Rating Initiative, a global project that aims to develop ratings and transparency in microfinanceecently launched the website www.ratinginitiative.org. This new site contains information enabling MFIs to apply for co-funding of a rating project, while investors can download profiles of the rating agencies and their products and individual rating reports. The Rating Initiative is a four year project designed to encourage at least 800 new Microfinance Institutions (MFIs) to engage in regular financial and social ratings.
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Trust your MIV
The microfinance industry has come through a painful adolescence and emerged stronger and more professional, a fact reflected by the substantial increase in the number of global funds that invest in microfinance institutions. However, until now there has been a lack of comparable and reliable analytical data available to enable investors to make an informed choice. The specialised rating agency MicroRate, with the support of LuxFLAG and the Grand Duchy of Luxembourg, has just launched the Beta version of LuminisTM, the first online analytical platform on microfinance funds.
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Small, open economies are leading the pack
Belgium, Ireland and the Netherlands remain uncontested as the world’s most globalised countries according to the 2013 KOF Index of Globalisation by the Swiss Federal Institute of Technology Zurich (ETH). Luxembourg comes in 14th position out of 207 countries. There is good news for Luxembourg regarding economic globalisation.
