What are the payment technology trends that no one is talking about?

James McCann seasoned CEO, speaker, and advisor to early-stage businesses, today announced the publication of Startups & The Tech Revolution: The Essential Guide (available now). The book is published with ForbesBooks, the exclusive business book publishing imprint of Forbes Media.

Over the course of 20 years, James McCann had a C-suite view of the technology revolution and its impact on his own organizations. He knows from first-hand experience what happens when companies refuse to adapt. “This is a world that is not going to spoon feed you; it moves way too quickly for that,” he said. In Startups & The Tech Revolution, McCann explains that companies that are not prepared for the current technological paradigm and employees who are unwilling to retrain or upskill are exposed to unprecedented risk.

“A brand for a company is like a reputation for a person. You earn reputation by trying to do hard things well.” Jeff Bezos.

McCann’s focus is always on the future. He believes that where there is risk, there is also opportunity but, to see and take advantage of it, leaders and employees must be receptive to change. In addition to sharing lessons from his own experience, he cites various studies to shed light on expert predictions and offers a strategic approach to help startup companies thrive.

He leads readers to a solution that demands the adoption of a deeper entrepreneurial mindset and embraces the challenge to develop more adaptable and anticipatory playbooks and provides direction for those looking to invest in a startup business or launch their own. “By understanding the shift that is taking place, you will be able to make the most of these changes for yourself, your family, your company and your community,” he said.

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Foreign Investors Pour Millions Into Pakistan’s FinTech Startups

Foreign investors are pouring millions of dollars into Pakistan’s FinTech startups as two new funding deals — KTrade and Abhi — notch an infusion of fresh capital totaling $6.6 million, Bloomberg reported on Monday (June 7).

These latest funding deals are on top of the $19.3 million raised by Pakistan’s startups in the first quarter of this year. Of that, almost $15 million came from investors outside of the country. Last year, foreign investments in Pakistan totaled a historic $48 million, according to an April tweet by Invest2Innovate, per Bloomberg.

KTrade, also known as KASB Securities or Khadim Ali Shah Bukhari Securities, is a FinTech trading app founded in 2018 by Ali Farid Khwaja in Karachi. Also headquartered in Karachi, the salary advance platform Abhi was co-founded this year by Ali Ladhubhai and Omair Ansari, a former Morgan Stanley fund manager.

KTrade, which enables investors to buy and sell equities on the Pakistan Stock Exchange, raised $4.5 million in a funding round led by Hong Kong-based TT Bond Partners and HOF Capital from New York with participation by German investor Christian Angermayer, according to a company statement, per Bloomberg.

Ansari raised $2.1 million in seed funding for Abhi, which provides people with a tool to get advanced access to money earned ahead of payday. Investors included VEF Ltd. and Village Global, Ansari told Bloomberg.

Amir Wain, CEO of i2c Inc., told PYMNTS’ Karen Webster that the COVID-19 pandemic helped accelerate the wider build-out and adoption of mobile infrastructure, which is now resulting in a greater number of developing and emerging economies embracing the digital ecosystem. The interview in February coincided with i2c’s partnership with TAG to introduce a payments super app. At the time, the unbanked population in Pakistan consisted of about 100 million adults.

When it comes to developing digital tools for emerging economies, Mariam Hussain Randhawa, head of consumer products at JazzCash, said in a PYMNTS interview that a customer-centric approach is key. She added that Pakistan represents a significant market opportunity for companies that can offer tools to meet the needs of the underbanked.

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