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China Tech Digest: Lalamove Launches Electric Truck Making Project; Airwallex Obtains EMI License In The Netherlands


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Lalamove Launched new energy truck manufacturing project
Lalamove has launched a new energy truck manufacturing project to create a closed-loop of logistics chain and the digital intelligentization of trucks. Currently, the Hong Kong-based on-demand logistics company has begun recruiting talents in the manufacturing of new energy trucks. Lalamove completed a US$515 million series E round financing in December last year. At the beginning of this year, it was reported to raise US$1.5 billion in Series F round financing, with a valuation of US$10 billion.
Airwallex obtains EMI license in the Netherlands
Chinese financial technology company Airwallex announced that it has successfully obtained the Electronic Money Institution License (EMI license) issued by the Dutch Central Bank (De Nederlandsche Bank, DNB). It is reported that after obtaining the EMI license, Airwallex will provide European customers with a series of end-to-end solutions, including a wider r ....

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i2c to Power TAG - Pakistan's First Digital-Native Financial Super App


Press release content from Business Wire. The AP news staff was not involved in its creation.
i2c to Power TAG - Pakistan’s First Digital-Native Financial Super App
January 6, 2021 GMT
i2c to Power TAG - Pakistan s First Digital-Native Financial Super App. Fintech startup is latest to get approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI). Pakistan’s TAG, the nation’s first digital-native financial super app due to launch in Q1 of 2021. The program aims to provide instant payments and transparent pricing to the nation’s unbanked adult population of approximately 100 million including features such as the ability to send and receive money instantly and without fees to anyone with a TAG account, ATM access, bill payment and mobile top-up as well as tools to monitor spending. The company’s plans include expansion to the Middle East and North Africa as well. (Photo: Business Wire) ....

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