Fintech News

NOVEMBER 6, 2024

Despite global economic challenges and a recent “funding winter,” ASEAN’s fintech investments have shown resilience, with funding in the region’s six largest economies reaching US$1.41 When rates were previously cut between 2019 and 2021, ASEAN fintech funding peaked at US$6.36 billion in the first nine months of 2024.

FinTech 107

FinTech Federal Reserve Cross-Border Innovation 107

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. In 2019, there were terrorist attacks that harmed the tourism industry, a major source of income. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

PYMNTS

SEPTEMBER 2, 2020

Is the gig economy about to take off – literally? In 2019, the eCommerce giant unveiled a drone that could deliver a package weighing up to five pounds within a 15-mile radius in under 30 minutes. Gig work has a new potential subsector: drone piloting.

Economy 87

Economy NOV Use Case Rules 87

PYMNTS

JANUARY 11, 2021

economy took due to the pandemic, The Wall Street Journal reported, citing data from Mexico's central bank. billion in 2019. billion in July 2019, according to reports. According to WSJ, remittances also appear to be up for 2020 compared to 2019 in Guatemala, El Salvador and Honduras.

Cross-Border 125

Cross-Border Funds Transfer Central Bank Economy 125

Fintech Finance

JANUARY 16, 2025

As a principal member of major card schemes including Mastercard, Visa, Discover Financial Services, UnionPay International and AMEX, Guavapay is registered as Small Electronic Money Institution (SEMI) with the Financial Conduct Authority (FCA) since 2019.

Innovation 98

Innovation Technology Multi-Currency Payment APIs and Integration 98

The Fintech Times

FEBRUARY 4, 2025

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Historically, Senegals economy has centred around agriculture, particularly peanuts.

FinTech 59

FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

PYMNTS

JANUARY 17, 2021

According to preliminary 2020 World Bank data , Bangladesh is ranked ninth among the countries for which data is available — the list includes almost all large economies — in the amount of remittance inflows annually. Also for 2019 outflows, Bangladesh ranks 103rd, with immigrant workers sending $84 million to home countries.

eWallet 143

eWallet Non-Bank Economy Blockchain 143

The Fintech Times

AUGUST 19, 2024

Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.

Economy 64

Economy Online and Mobile Banking FinTech Governance 64

The Fintech Times

APRIL 9, 2025

Similar initiatives are spreading across the region, with programmes like Saudi Vision 2030 aiming to increase non-cash transactions to 70 per cent by the end of the current year from 36 per cent in 2019. The UAE is now home to a wealth of related companies, positioning the country as a driving force for financial innovation in MENA.

Security 64

Security Payments Non-Bank Central Bank 64

Clearly Payments

MARCH 18, 2025

While small businesses dominate the landscape, a significant number of large enterprises also play a crucial role in shaping the economy. trillion annually to the economy. economy, with approximately 600,000 businesses employing around 12 million individuals. Pre-Pandemic Growth (20152019) Between 2015 and 2019, the U.S.

Economy 52

Economy Small Business Credit Cards Legal 52

The Fintech Times

MARCH 27, 2025

In 2019, we pivoted to focus on helping millions of businesses and individuals access seamless payments, banking, credit and business management tools, trusted by millions of businesses. Currently, around 90 per cent of Nigerian businesses operate in the informal economy facing barriers to growth, credit, and accessing customers.

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

The Fintech Times

NOVEMBER 4, 2024

Nepal’s economy is very much reliant on agriculture. However, recognising a need for change, Nepal is actively aiming to develop its economy and technological capabilities. How can fintech support its evolution and growth? In fact, agriculture accounts for over half of the country’s export earnings.

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

PYMNTS

JULY 26, 2020

Asbe told the FT that UPI’s strength was its appeal across India’s fragmented economy, which ranges from poorer communities to wealthy consumers. The top end of the market behaves like the western world, and the bottom of the pyramid has similarities with developing or undeveloped economies,” he said. The country has diverse needs.

Volume 123

Volume Transactions Digital Payments Online and Mobile Banking 123

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

PYMNTS

JANUARY 1, 2021

Cross-border online sales in the United States as a share of total eCommerce surged by 40 percent in May compared to the same month in 2019, and the rate of growth was six times higher than in the previous month. There was another inconspicuous but remarkable dimension to these trends, however.

Economy 103

Economy Online and Mobile Banking Credit Union Money Laundering 103

Fintech Finance

MARCH 12, 2025

Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies. Four out of 10 of these people are credit card holders, a group that has tripled in size in the country since 2019, led by digital players.

Issuers 59

Issuers Transactions Payment Service Provider (PSP) Debit Card 59

The Fintech Times

SEPTEMBER 27, 2024

Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

Fintech News

MAY 15, 2024

The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers. Since 2019, active gamers have surged across all key markets. Both issuers and merchants must recognise and capitalise on this influential consumer segment.

FinTech 107

FinTech Online and Mobile Banking Payment APIs and Integration Economy 107

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. In 2019, the Bank of Thailand launched a regulatory sandbox initiative.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

PYMNTS

MAY 26, 2020

percent in April compared to March, but they fell by 6 percent compared to April 2019, according to the U.S. The seasonally adjusted number of new houses sold last month totaled 623,000, down from 664,000 in April 2019. Census reported from January through April that 241,000 new homes have sold, up from 238,000 in April 2019.

Mitigation 95

Mitigation Adjustments Economy On-Demand 95

The Fintech Times

SEPTEMBER 14, 2024

These economies have since developed into fully advanced nations. This became the key factor in driving industrial growth in next-generation smart machinery, Asian Silicon Valley, biotech and pharmaceuticals, green energy, national defence, new agriculture and circular economy.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

PYMNTS

MARCH 29, 2020

government could deliver its stimulus funds to help the coronavirus-wrecked economy. Fourteen percent of Americans making under $40,000 a year don’t have a bank account, according to figures published by the Federal Reserve in 2019, and Venmo, Cash App and other such services are available to even those without bank accounts.

Venmo 97

Venmo Treasury Federal Reserve Direct Deposit 97

Fintech News

JULY 1, 2024

Together, we aim to create a lasting impact on the Indonesian economy.” FMO has been an investor in Validus since 2019, and this new debt financing aims to support the underserved segment of MSMEs in Indonesia. Together, we are committed to creating a lasting positive impact on the Indonesian economy.”

Finance 111

Finance Security Underserved Financial Inclusion 111

Fintech Finance

NOVEMBER 12, 2024

Acknowledging the impact of creators on the digital economy, Visa officially recognized creators as small businesses. It’s incredibly rewarding to see the world finally recognizing creators as the driving force behind the digital economy,” said Jonathan Kolozsvary, Global Head of Small Business at Visa. “We

Small Business 98

Small Business Debit Card Financial Literacy Economy 98

PYMNTS

DECEMBER 28, 2020

Some predictions pre-holiday ranged as high as a 5 percent increase over 2019; some called for flat spending. Digital-first economy: The Mastercard report showed eCommerce accounted for 19.7 percent in 2019. It was driven by a 49 percent spike in eCommerce, which shows the expected dramatic increase in the digital-first economy.

Visa 104

Visa Economy Consumer Advisors 104

The Fintech Times

NOVEMBER 7, 2024

While it has made significant gains from incoming tourism, the country needs to diversify its economy to ensure a positive future. In 2019, the Maldives’ GDP per capita exceeded $11,500. The Maldives, Asia’s smallest country, comprises more than 1,000 coral islands that stretch along 871 kilometres in the Indian Ocean.

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 143

Financial Inclusion Payments Embedded Finance Push-to-Card 143

PYMNTS

FEBRUARY 21, 2020

NPC International saw its debt mount more and more in 2019, going into junk territory amid credit ratings from S&P Global Ratings and Moody’s. The company wants to keep restructuring efforts out of court but could end up filing for bankruptcy with a prenegotiated plan in place. The company’s value sits at $31.3 billion.

Economy 120

Economy Payments Mobile Payments Digital Payments 120

Fintech Finance

AUGUST 21, 2024

Her deep insights into digital payments and commercial solutions, and her leadership across key strategic initiatives in this region will play a crucial role in contributing to the advancement of Thailand’s digital economy, the growth of its SME sector and its transition toward a cashless society.”

Visa 98

Visa Cross-Border Economy Financial Inclusion 98

PYMNTS

JANUARY 26, 2021

Plus, a new Federal Reserve Bank of New York study finds that individuals anticipate that the economy will rebound by next year. A new Federal Reserve Bank of New York study indicates that individuals foresee the economy will rebound by 2022. percent seen in December 2019. In today’s top retail news, the U.S. L’Occitane’s U.S.

Federal Reserve 95

Federal Reserve Fed Economy Finance 95

Finovate

NOVEMBER 18, 2024

Cash usage tanks Since 2019, cash usage across the globe has dropped by 20%. The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S., where card usage has long been popular.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

PYMNTS

APRIL 9, 2020

The bank’s standard minimum is usually $500, but it decided to lower that amount because of the boundless number of people without jobs due to the pandemic’s effects on the economy. Those interested in the benefits must have already filed a 2019 tax return and received a refund deposited directly into their Chime account.

Checks 96

Checks Economy Returns Volume 96

Clearly Payments

NOVEMBER 6, 2024

payment processing market remains a major player in the global economy, with transaction volumes that highlight the sector’s vast scale and continued expansion. trillion 2019 $4.0 trillion 2019 $4.0 The issuer takes on the risk of credit and extends funds to complete the transaction on behalf of the cardholder.

Process 105

Process ISOs Credit Cards Online and Mobile Banking 105

PYMNTS

JULY 7, 2020

“The digital economy is here, and those payment providers that are global, digital and fully resilient will lead the reemergence.” . While some businesses are looking to source goods and materials closer to home, in most cases the efficiency, diversity and effectiveness of the globalized economy has never been more important.

Innovation 110

Innovation Non-Bank Economy Treasury 110

PYMNTS

MAY 15, 2020

In January 2019, vacancies hit a hit of 7.52 And the government noted that the economy lost 20.5 In addition, the government indicated that job openings fell to 6.19 million by 813,000 on March’s final business day. Also, the job openings rate declined from February’s 4.4 percent to March’s 3.9

Economy 89

Economy Payroll Government Governance 89

PYMNTS

MAY 21, 2020

percent from April 2019 when the median was $267,000. Record-low mortgage rates are likely to remain in place for the rest of the year, and will be the key factor driving housing demand as state economies steadily reopen,” Yun said. The average rate for a 30-year, fixed-rate mortgage dropped to 3.31 percent in April, down from 4.1

On-Demand 98

On-Demand Economy Continuity 98

Fintech News

OCTOBER 1, 2024

trillion in assets under management (AUM) in 2019 and recording an annual growth of 14%. As of 2019, Malaysia held US$570 billion in Islamic AUM, accounting for 20% of the global total and standing as the second largest Islamic banking market in the world, according to the ICD.

Treasury 117

Treasury AI Finance Laws 117