The Fintech Times

SEPTEMBER 27, 2024

In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest. Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

The Fintech Times

JUNE 27, 2024

Backed by the Bahraini government, ecosystem builder BFB has emerged as the country’s leading fintech platform, providing innovation labs, acceleration programmes, curated activities and educational opportunities.

FinTech 111

FinTech Agreements Innovation Economy 111

PYMNTS

NOVEMBER 6, 2020

Walmart’s decision to sell its Argentinian retail operations, where it has over 90 stores and more than 9,000 employees, comes with one of the continent’s largest economies gripped in the throes of a severe economic crisis. Argentina faces trouble on two fronts.

Economy 61

Economy NOV Non-Bank Agreements 61

PYMNTS

OCTOBER 19, 2018

the economy in China is starting to feel the impact. According to a report in the New York Times on Friday (October 19), the government in China said the economy grew 6.5 In the past few years China’s economy was moving along, but the comments Friday signal a different story is going on in 2018.

Economy 49

Economy Governance Government Consumer 49

PYMNTS

DECEMBER 28, 2018

There is a decent chance that the 2018 holiday season will be remembered as a time when it became much more clear that survival in the cutthroat pursuit of commerce depends on the stories one can tell about a product or brand. But that’s not all. Stuff vs. Experience.

Visa 62

Visa Consumer On-Demand Shutdown 62

PYMNTS

JULY 2, 2020

OPay , the SoftBank -backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. OPay was formed a year earlier than that, in 2018, as a way for mobile customers to send and receive money.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Governance 79

PYMNTS

MARCH 5, 2019

China is aiming to boost the economy by tax cuts and infrastructure spending in the billions of dollars range. Reuters , citing Chinese Premier Li Keqiang, reported the Chinese government is aiming for economic growth of between 6 percent and 6.5 percent growth the country reported in 2018. trillion yuan made last year.

Economy 46

Economy Governance Government Risk 46

PYMNTS

MARCH 21, 2018

The blockchain hype is real — just ask Long Blockchain — but governments are taking a modest, more realistic approach to the technology. In this week’s Blockchain Tracker , PYMNTS examines the latest government initiatives in the U.S. But governments are also cracking down on companies that get carried away with the blockchain hype.

Government 49

Government Governance Blockchain Federal Trade Commission 49

PYMNTS

JANUARY 20, 2020

regulators have levied $126 million in fines for data violations since mid-2018, Google CEO Sundar Pichai calls for international cooperation in artificial intelligence (AI) governance and U.K. have levied €114 million ($126 million) in fines for data violations since instituting stronger privacy mandates in mid-2018.

Government 52

Government Governance Regulations AI 52

PYMNTS

AUGUST 30, 2020

government's Economic Injury Disaster Loan (EIDL) program, plagued by delays and fraud, has created attention for a firm that netted around $800 million in fees while subcontracting the work out to the nation's largest mortgage lender, The Wall Street Journal (WSJ) reported. which owns Quicken Loans as well.

Small Business 108

Small Business Governance Government Process 108

PYMNTS

AUGUST 28, 2019

Part of Grab’s mission is to modernize the country’s infrastructure for transportation, and it has partnered with the government to accomplish that. The company’s new initiative, called “Tech for Good,” serves as a roadmap to help improve the country’s economy. Maa joined Grab from a major investor, Japan’s SoftBank Group.

Economy 45

Economy Credit Cards Governance Government 45

PYMNTS

NOVEMBER 30, 2020

The British government is establishing a new Digital Markets Unit tasked with enforcing laws that apply to Big Tech companies, such as Google and Facebook , authorities announced in a press release. The new unit, according to the government's announcement, will fall within the U.K.'s According to the U.K.

Rules 75

Rules Laws Authorization Regulations 75

PYMNTS

JANUARY 23, 2019

The economic slowdown that has been flagged this week by the International Monetary Fund (IMF) is one that may be sparked in part by a no-deal Brexit , and fanned by a consistently slowing Chinese economy. The IMF has pointed toward the struggles of emerging economies that borrowed when rates were low, right off the Great Recession.

Economy 48

Economy Push-to-Card Shutdown Governance 48

Open Banking Excellence

SEPTEMBER 27, 2024

Statistics about Financial Inclusion and FinTech in Mexico To introduce the OBE community to the opportunities in this emerging ecosystem, we have collected key statistics and insights to show the benefits Open Banking can bring to Mexico`s society, government, and economy.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Fintech Finance

OCTOBER 29, 2024

Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.

Financial Inclusion 118

Financial Inclusion Debit Card Scams Finance 118

PYMNTS

AUGUST 3, 2020

If it takes a year to contain the COVID-19 pandemic and reopen economies, global payments could fall by as much as $108.6 South Asia could be among the hardest hit regions of the world, with remittances falling by 25 percent compared to their 2018 levels. billion this year, according to Asian Development Bank (ADB) economists.

Authorization 101

Authorization Returns On-Demand Economy 101

PYMNTS

SEPTEMBER 23, 2019

Big Brother will keep an eye on Chinese businesses as the government’s social credit system compiles data on the country’s 1.4 As China increasingly becomes a market economy, the government is becoming more concerned about improper conduct in the marketplace. billion people, The New York Times reported on Sunday (Sept.

Blocks 71

Blocks Database Governance Government 71

PYMNTS

NOVEMBER 15, 2017

Some governments are beginning to explore blockchain in the context of global trade, too. But even as more technology giants forge ahead with their blockchain plans for 2018 and beyond, scrutiny over the technology and the projects that rely on it is increasing. Scrutiny Heightens.

Blockchain 52

Blockchain Distributed Ledger Technology (DLT) Visa Real Time Payments 52

Fintech Finance

SEPTEMBER 23, 2024

Jim brings over 25 years of experience in banking and payments and has worked at the forefront of the Open Banking movement since 2018. On joining Raidiam, Lauren said: “The data economy will be the future lifeblood of nations. Open Finance is an enabler and critical component to the development of innovations.

Continuity 91

Continuity ISO 20022 ISOs Central Bank 91

PYMNTS

FEBRUARY 18, 2020

This came weeks after a January announcement that Thailand’s Digital Economy Promotion Agency (depa) had struck an agreement to bring 27 Thai candidate smart cities into the program. Many cities derive a significant portion of their economies from travel — tourism, yes, but also visits from businesses.

Visa 113

Visa On-Demand Economy Addressing 113

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. This system is also supporting the country’s digital economy and connecting Indonesians across its large geographically dispersed set of islands.

Financial Inclusion 98

Financial Inclusion Innovation Payments NOV 98

PYMNTS

SEPTEMBER 26, 2019

economy in 2018 — about 10 percent of the nation’s gross domestic product (GDP). economy, behind real estate, government and manufacturing. “The internet industry is an American success story that’s creating jobs in every sector of the economy,” IA Chief Economist Christopher Hooton said in a press release.

Economy 47

Economy Governance Government Accounts 47

PYMNTS

JUNE 4, 2018

Reports of her 2018 internet trends presentation have been hard to avoid in recent days, and not every Meeker observation rises to the level of news or wisdom. No one reading this needs to be told how the importance of the gig economy and freelance work continues to grow, but Meeker offered her perspective. Take privacy.

AI 44

AI Privacy Economy On-Demand 44

PYMNTS

FEBRUARY 28, 2019

As the sharing economy grows globally, fostering that confidence and trust between buyers and sellers has become more crucial for platforms to stay relevant and competitive. Around the Payments and Platform Economy World. million tourists using the platform in 2018, a 56 percent increase over the prior year.

Economy 73

Economy Payments Security Payroll 73

Fintech News

MAY 8, 2024

Thailand, under the guidance of the Bank of Thailand (BOT) , has been at the forefront of this movement, continuously studying and testing the feasibility of a Retail CBDC since 2018. The BOT and relevant government agencies engaged in dialogues to address legal, accounting, and AML/CFT aspects associated with CBDC implementation.

CBDC 104

CBDC Bots Real Time Gross Settlement (RTGS) Non-Bank 104

PYMNTS

JUNE 30, 2020

Microsoft reported that digital currency mining encounters dropped 40 percent from 2018 to 2019, according to a report. It brought about the seizure of 70,000 medical tablets for erectile dysfunction as well as other pharmaceuticals that have not received the green light from the government.

Authorization 80

Authorization Digital Currency Central Bank Bitcoin 80

Open Banking

JULY 23, 2024

The milestone comes days after the Government committed to introducing a Smart Data Bill in the King’s Speech, which will unlock the full potential of open banking and expand smart data schemes into other economic sectors. Henk Van Hulle, OBL CEO welcomed the Government’s announcement. I’m delighted that we’ve reached 10 million users.

Small Business 80

Small Business Message Standards Regulations Economy 80

PYMNTS

JULY 28, 2020

China is now the largest export economy in the world, according to the World Bank. In 2018, China exported $2.49 A decline in spending power often has severe repercussions on [a] country’s economy as [funds] are frequently used to create a fiscal cushion for governments.”. trillion to destinations including the U.S. ($479

Cross-Border 71

Cross-Border Visa Business Payments Cross-Border Payments 71

PYMNTS

SEPTEMBER 21, 2020

Despite the struggling economy, U.S. trillion and total government debt $25.6 Federal government debt increased by 58.9 And state and local government debt increased by an annual rate of 3.5 median household income was on its way up last year, increasing almost 7 percent to $68,700, up from $64,324 in 2018.

Federal Reserve 58

Federal Reserve Fed Governance Government 58

PYMNTS

OCTOBER 16, 2020

Eventually, without further government support or significant labor market improvements, jobless workers may exhaust their accumulated savings buffer, leaving them with a choice to further cut spending or fall behind on debt or rent payments,” the researchers wrote. 16 (Friday) J.P. Morgan Chase Institute analysis and media reports.

Federal Reserve 105

Federal Reserve Research Credit Cards Consumer 105

PYMNTS

APRIL 16, 2019

Chief Executive Brian Moynihan cited demand for credit from middle-market business, and noted that was “good news for the economy overall.” economy slow in the near future. Bank of America has demonstrated for years now that we can grow well in an economy that is just growing moderately,” he told reporters on a conference call.

Zelle 61

Zelle Transactions P2P Mobile Banking 61

The Fintech Times

SEPTEMBER 30, 2024

Historically one of the world’s largest economies, Japan has set a global benchmark for economic development in the last century. This growth made Japan the world’s second-largest economy behind the United States, although it was eventually overtaken by China in 2010. Genuine fintech growth? Genuine fintech growth?

FinTech 59

FinTech Digital Currency Central Bank Economy 59

PYMNTS

SEPTEMBER 30, 2020

In Kenya, there were 176,000 tons of imports of clothing in 2018, equivalent to more than 335 million pairs of jeans, according to Reuters. That makes it difficult for him to cover the costs of running his business, Green World Recycling , Reuters reported.

Rules 102

Rules Governance Government Transactions 102

PYMNTS

MARCH 17, 2019

Vince Zhang said at last year’s East Tech West conference in China that many FinTech firms don’t have the controls to make them safe investments for both consumers and the nation’s economy. “A I would predict in 2019, the government will regulate more. A lot of these corporate control mechanisms are not in place.”.

Regulations 77

Regulations FinTech Central Bank Risk 77

PYMNTS

FEBRUARY 25, 2020

The Dow Jones Industrial Average dropped over 1,000 points on Coronavirus fears regarding the economy. In October, consumer confidence in the European Union fell to its lowest level since the end of 2018. which was at the lowest level since December of 2018, and a larger drop than the -6.8 points to -7.6, that was predicted.

Consumer 52

Consumer Economy Central Bank Assessments 52

PYMNTS

NOVEMBER 18, 2020

According to the latest iteration of the PYMNTS and Visa How We Will Pay 2020 study cash usage has been hit hard — and is a fraction of what it used to be as the economy has rapidly pressed toward modernization and digitalization. And 11 percent fewer consumers carry cash now than did in 2018.

ATM 121

ATM Federal Reserve Push-to-Card Consumer 121

PYMNTS

FEBRUARY 13, 2019

million in 2018 — up nearly 8 percent from $247 million in 2017. In October, the agency said that marijuana business licenses comprised 77 percent of all new licenses in the first half of 2018. In comparison, California ‘s marijuana market has struggled since sales began in January 2018. billion the previous year.

Credit Union 62

Credit Union Legal Regulations Economy 62