格隆汇10月10日｜新鸿基公司(0086.HK)宣布，携手澳洲OIF Ventures共同领投巴西领先的"先买后 付"(BNPL)金融科技企业Pagaleve，完成3000万美元的A2轮融资。此轮融资吸引了包括Credit Saison和 Endeavor Catalyst在内的新投资者，以及众多现有股东的持续加注。Pagaleve在庞大的巴西分期付款市场 中占据有利地位，其业务模式精准服务于该国大量无信用卡或额度不足的消费群体。公司通过无缝整合 Pix即时支付系统，已为超过1万家零售商及500万使用者提供灵活的分期服务。 ...

智通财经APP获悉，摩根士丹利最新研报显示，PayPal Holdings Inc.(PYPL.US)第二季度公司实现净收入 82.88亿美元，调整后息税前利润(EBIT)达16.44亿美元，非GAAP每股收益1.40美元。 尽管在支付领域展现多元增长动能，但核心业务优化进度不及预期，最终维持"Equal-weight"(持有)评 级，目标价从74美元小幅上调至75美元，对应2026年调整后每股收益(EPS)13倍市盈率。这一判断基于 公司在线支付生态的扩张成果与结构性挑战的并存现状。 业务增长呈现差异化表现 Venmo与PayPal主平台的整合成效显著，第二季度Pay With Venmo交易总额(TPV)同比激增45%，推动 Venmo整体收入增长20%。Branded Experiences业务保持8%稳健增长，涵盖先买后付(BNPL)、线下借记 卡及非接触式NFC支付等创新场景，其中NFC用户规模已达300万，下半年将拓展至英国市场。 值得关注的是，尽管研报未明确微信支付整合的具体财务贡献，但强调PayPal与现代结账系统的协同效 应正在深化。 财务数据印证运营效率提升 第二季度公司实现净收入82.8 ...

Group 1 - The 2025 Conference on FinTech Advances in Emerging Markets successfully concluded at The Chinese University of Hong Kong (Shenzhen), focusing on the latest research and discussions in the fintech sector [1] - The conference aimed to create a platform for academia and industry to explore innovative paths and development opportunities for fintech in emerging markets [1] Group 2 - Professor Zhang Bohui welcomed attendees and highlighted the strong development trends in financial innovation in emerging markets like China, India, and Africa over the past decade [5] - Financial technology has become a key engine for local economic development and has the potential to reshape traditional financial landscapes [5] Group 3 - Professor Jerry Parwada emphasized the international attention on fintech research and its potential impact on both emerging and developed markets [8] - He expressed hope for continued collaboration among experts to enhance academic networks in the fintech field [8] Group 4 - Professor Xiong Wei presented research on the role of structured beliefs in fund investment, indicating that fund managers' market expectations significantly predict market returns [11] - The study introduced a "Countercyclical Policy Beliefs" indicator, showing that these beliefs enhance predictive power and improve fund performance [11] Group 5 - Research by Professor Xiang Li revealed differences in how large tech companies and traditional banks respond to monetary policy changes when lending to small businesses [14] - The study found that large tech lenders are more proactive in establishing new lending relationships during monetary easing periods [14] Group 6 - Han Qiu's research indicated that the inclusion of Buy-Now-Pay-Later (BNPL) lenders in credit reporting significantly reduced consumer usage frequency, particularly among borrowers with prior defaults [17] - The findings suggest that information sharing can effectively curb excessive borrowing and spending [17] Group 7 - Dan Su's research demonstrated that personal environmental behaviors can be incentivized through credit mechanisms on platforms like Alipay, generating significant green value [21] - The study estimated that this linkage creates an annual green value of $427.5 million [21] Group 8 - Lei Chen's research showed that the credit business of large tech companies complements their core operations, enhancing consumer behavior and operational stability [25] - The study found no evidence of credit leading to conspicuous consumption, indicating a low default rate compared to traditional credit cards [25] Group 9 - Jiasun Li's research established a significant positive correlation between inflation expectations and individual cryptocurrency purchasing behavior in India [29] - The study provided direct evidence of households using cryptocurrencies as a hedge against inflation [29] Group 10 - Mikael Paaso's research highlighted the spillover effects of introducing new financial products on consumer attitudes towards existing products, indicating a shift in preferences towards mobile money services [34] - This research provides experimental evidence of the unintended cognitive consequences of financial inclusion policies [34] Group 11 - Qi Sun's research indicated that e-commerce platform merchants face advertising and customer capital accumulation challenges due to financing constraints [42] - The study found that alleviating credit constraints significantly boosts advertising spending and sales [42] Group 12 - Chenbin Mao's research on Revenue-Based Financing (RBF) revealed that while RBF expands capital access for small businesses, it also presents significant revenue recovery challenges for investors [46] - The study highlighted the need for optimizing contract design to mitigate moral hazard issues [46] Group 13 - The conference provided valuable networking opportunities for experts in the fintech field and injected new momentum into the innovative development of fintech in emerging markets [48] - The Chinese University of Hong Kong (Shenzhen) aims to promote deep collaboration between academia and industry in the fintech sector for sustainable development [48]