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PaymentEye recently spoke to the founder of Money20/20, Anil Aggarwal, and CEO of Heartland Payment Systems, Robert Carr, about the future of FinTech and whether the funding that is more readily available for FinTech startups is necessarily a good thing. Elsewhere, we look at the success of Vodafone’s mobile money service, M-Pesa, and cover Apple’s recent carrier-billing expansion into Russia.

In an interview with PaymentEye, Anil Aggarwal, the founder of Money20/20 conference, shares his insights on the key trends shaping the industry, provides advice for entrepreneurs looking to carve out their niche in the space and explains why we are going through a period of “truly fundamental” change.

Funding today is more readily available for fintech startups than ever before. But is that necessarily a good thing? Not according to the chairman, founder and CEO of Heartland Payment Systems Robert Carr. Speaking candidly during an interview in The Bancorp’s Finetics™ Studio at Money20/20 in Las Vegas, he says there’s too much money in the market to tell what’s really working yet.

At a time when western Europe and the US are myopically obsessed with the future of banking, having “Uber moments” and fending off attacks from challengers, other parts of the world are more than happy to use FinTech services that have been around since the mid-2000s and don’t require financial institutions at all.

Apple has taken its digital payments strategy in a new direction by offering a carrier billing service to its iTunes customers in Russia. Users simply type in their mobile number when they purchase music, books or games from the store.

FitPay, a platform that develops wearable solutions, has won the $50,000 Wearable FinTech Startup Challenge, run by Comercia Bank and RocketSpace.