PYMNTS

DECEMBER 1, 2020

And, of course, as the pandemic hit, a multitude of central banks took a deep dive into the potential risks and rewards of issuing digital central bank currencies, ranging from digital dollars to euros to, well, pretty much everything. Central bank efforts are good. Stop Before They Start? .

Digital Currency 117

Digital Currency Central Bank Stablecoins Cross-Border Payments 117

The Fintech Times

SEPTEMBER 22, 2024

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia’s economy is projected to grow by 5.8 million in 2021 to 19.5 Since then, Bakong has garnered 8.5

Financial Inclusion 67

Financial Inclusion FinTech Central Bank Online and Mobile Banking 67

Finovate

NOVEMBER 18, 2024

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., ” This figure was quite surprising, as I haven’t looked into CBDC projects since 2021, when only 43 countries were exploring the use of a CBDC. Despite U.S.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

The Fintech Times

NOVEMBER 14, 2024

In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. In fact, 97 per cent of the total transactions in 2021 were done digitally. All four have historically been very cash-reliant, with access to traditional financial services being restricted.

FinTech 70

FinTech Online and Mobile Banking Financial Inclusion Central Bank 70

The Fintech Times

AUGUST 12, 2024

In 2022, Malaysia’s economy was divided as follows: agriculture contributed 8.92 Malaysia is both a major economy in the ASEAN region and also in the fintech space IMAGE SOURCE GETTY Malaysia’s fintech landscape Malaysia is a major player in the fintech space within the ASEAN region, boasting at least 549 fintech companies.

FinTech 62

FinTech SDN Central Bank Economy 62

The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). Central bank digital currencies CBDC initiatives have garnered interest across both the Middle East and Africa, as evidenced by the CBDC landscape below.

Digital Currency 109

Digital Currency CBDC Cross-Border Payments Cross-Border 109

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 57

FinTech Online and Mobile Banking Digital Currency Central Bank 57

The Fintech Times

OCTOBER 31, 2024

Once among the poorest countries globally, Bangladesh now showcases a rapidly developing economy that is embracing digitalisation to expand financial access and foster inclusion. While only a fifth of the population had mobile internet access in 2017, by 2021 that number had skyrocketed to nearly universal coverage.

Financial Inclusion 70

Financial Inclusion FinTech Financial Literacy Correspondent Bank 70

The Fintech Times

OCTOBER 25, 2024

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. UPI enabled users to use their phones as virtual debit cards, allowing secure, instant transfers between almost 600 banks and fintechs without the need for bank details or transaction fees.

Digital Payments 57

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 57

Fintech Finance

AUGUST 12, 2024

“Latin America has established itself as a frontrunner in numerous cross-border use cases, particularly in global marketplaces where its e-commerce economy thrives in supplier corridors with Asia and Europe,” said Prajit Nanu, Founder and CEO of Nium.

Real Time Payments 96

Real Time Payments Cross-Border Payments Cross-Border Central Bank 96

The Fintech Times

AUGUST 28, 2024

With a gross domestic product (GDP) per capita of $4,788, the Association of Southeast Asian Nations ( ASEAN ) member, is looking to continue to grow its economy. According to the World Bank , Indonesia’s gross domestic product growth is forecast to average 5.1 per cent per year from 2024 to 2026. What does the future look like?

FinTech 67

FinTech Economy Authorization Underserved 67

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

The Fintech Times

OCTOBER 23, 2024

According to the World Bank , the country has a gross domestic product per capita of around $2,389 – while its economy is reliant on energy resources in the Timor Sea. Nonetheless, whilst over 20 per cent have a current account, nearly a quarter use digital, electronic or mobile wallets, according to the UNCDF report.

Financial Inclusion 100

Financial Inclusion FinTech Credit Union Financial Literacy 100

PYMNTS

APRIL 7, 2020

The global coronavirus pandemic has cast a dark cloud over Finland’s economy, as the central bank predicts the worst recession in over 100 years, according to a Bloomberg report. Finland’s economy has been flat since mid-March due to the pandemic. percent in 2021. In this scenario, GDP could shrink by 10.3

Central Bank 60

Central Bank Economy Governance Government 60

PYMNTS

JANUARY 22, 2021

The latest surge of COVID-19 infections is pushing the Eurozone into a second recession, squashing hopes for a near-term rebound of the global economy. Activity for the region’s two largest economies, Germany and the U.K., Economists fear that first quarter 2021 activity will also be down. “A in January from 49.1

Non-Bank 67

Non-Bank Economy Central Bank Small Business 67

PYMNTS

OCTOBER 7, 2020

The Bank of Korea has said it plans to begin testing distribution of its digital currency next year, according to a report by The Korea Herald. The central bank said in April it had launched a 22-month pilot that would end in December 2021, the report stated.

Digital Currency 83

Digital Currency Central Bank CBDC Cryptocurrency 83

PYMNTS

JANUARY 15, 2021

European Central Bank (ECB) officials are concerned that Euro-area banks will get hit hard in 2021 by fallout from the COVID-19 pandemic as weakened businesses slide into bankruptcy. ECB officials on the panel warned that government measures to prop up the economy have masked the severity of the crisis.

Visa 61

Visa Economy Central Bank Credit Risk 61

Fintech News

APRIL 16, 2024

The BOT expects the advent of digital banking to heighten customer experiences, enhance financial services accessibility, and lower fees for consumers. According to the report, cashless payments are now widespread in the country, reaching an adoption rate of 94% in 2021. In 2021, it recorded 9.7

FinTech 114

FinTech Bots Central Bank Innovation 114

PYMNTS

SEPTEMBER 4, 2020

Reserves are funds central banks hold in currencies other than their own. The annual inflow should reach US $200-300bn in 2021-30.”. A key factor in a currency’s attractiveness as a foreign reserve holding is its stability as well as the stability of the economy that underpins it. 4) and cited by CNBC.

Central Bank 94

Central Bank Assessments Economy Government 94

The Fintech Times

AUGUST 13, 2024

Commercial and consumer-based cross-border payment transactions in Latin America grew by double-digit figures between 2021 and 2022, according to a McKinsey & Company report in 2023. “Recognising this potential, we have been strategically investing in Latin America for years, securing major clients and expanding our operations.

Cross-Border Payments 67

Cross-Border Payments Cross-Border Real Time Payments Correspondent Bank 67

PYMNTS

MARCH 7, 2019

Generally speaking, central banks hike rates when economic growth threatens to overheat, when inflation threatens to drive up the cost of living beyond desirability. Better credit terms, goes the thinking, means the economy can keep humming. Growth rates for the economy, the ECB said, are likely to be an anemic 1.1

Central Bank 46

Central Bank Economy Payroll Continuity 46

The Fintech Times

JUNE 13, 2024

These initiatives aim to reduce the reliance on cash, enhance transactional efficiency, boost growth, and integrate more of the population into the formal economy. This move aligns with Vision 2030 , aiming to diversify the economy and reduce cash dependence, boosting efficiency and inclusion.

Instant Payments 57

Instant Payments Payment APIs and Integration ISO 20022 Payment Gateways 57

The Fintech Times

OCTOBER 10, 2024

In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. This is due in large part to tourism.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

PYMNTS

APRIL 9, 2019

Despite interest rates hovering near record lows, demand for loans by eurozone businesses was flat at the start of the year, increasing the likelihood the European Central Bank will have to make moves to boost the economy. They are loans the central banks offer to banks at a low rate to spur lending to businesses and consumers.

Central Bank 40

Central Bank On-Demand Economy Consumer 40

PYMNTS

JANUARY 7, 2021

We were prepared for a challenging start to 2021, and it has been just that,” Dr. Hans Kluge, WHO’s regional director for Europe, said during the press briefing. Economists, meanwhile, are banking on vaccination programs to help jump-start the global economy. in particular, has been extremely hard-hit. “We

SARS 78

SARS Economy Central Bank Regulations 78

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 113

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 113

Fintech Finance

APRIL 17, 2024

Ravi Sharma, Lead Banking and Payments Analyst at GlobalData, comments: “Spain is gradually moving towards the digitalization of its payment infrastructure, supported by a high-banked adult population, partly due to citizens’ right to a basic account, and the expansion of its point-of-sale (POS) infrastructure.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Push-to-Card Contactless Payments Payments 52

Fintech News

MARCH 6, 2024

In an effort to mitigate these customer pain points and to cater to the evolving needs and growing digital inclination of customers, there has been a marked rise in the number of digital first banks appearing in the major markets in Asia, with over 40 having launched to date. However, not all digital banks in Asia are created equal.

Online and Mobile Banking 135

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 135

The Fintech Times

JULY 6, 2024

Poland’s financial services market is also the biggest in the Central and Eastern Europe region. According to the European Central Bank , the 2021 value of assets in the Polish banking industry totalled €564billion.

Cross-Border 57

Cross-Border Transactions Payment APIs and Integration Regulatory Compliance 57

PYMNTS

DECEMBER 14, 2020

That theme has been called the digital shift or the digital-first economy, or as a new report from Mastercard puts it, the global “e-conomy.”. As seen in the Mastercard Economic Institute’s Economy 2021 report, both governments and businesses have faced a tough and transformative year. Focusing on the U.S., and Singapore.

Visa 106

Visa Economy Small Business Governance 106

FICO

APRIL 13, 2021

Alfa-Bank, the largest universal privately-owned bank in Russia, has used FICO® Decision Central to automate monitoring of its predictive models, in order to meet requirements from the Central Bank of Russia. For its achievements, Alfa-Bank has won the 2021 FICO® Decisions Award for regulatory compliance.

Automation 52

Automation Central Bank Regulatory Compliance Compliance 52

The Payments Association

NOVEMBER 18, 2024

Travers Smith Partner Natalie Lewis articulates, “Everyone decided that a centralised model reliant on the incumbent bank might not be the best way forward.” This sentiment laid the groundwork for the emergence of De-Fi, which seeks to create a decentralised economy free from the shortcomings of traditional financial structures.

Stablecoins 88

Stablecoins Distributed Ledger Technology (DLT) Digital Currency Caps 88

Fintech News

AUGUST 12, 2024

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. billion in 2021 to nearly US$515 billion by 2030, a 33.5% It highlights significant developments, regulatory changes, emerging market trends, and areas of focus for the future.

Embedded Finance 106

Embedded Finance FinTech Non-Bank Cross-Border 106

PYMNTS

OCTOBER 21, 2020

Brazil anticipates joining the Organization for Economic Cooperation and Development ( OECD ) before 2021 ends, Economy Minister Paulo Guedes said during a streaming event held by the Milken Institute, per Reuters. . “We He added that the government and the central bank were working on ways to lower that risk.

Central Bank 60

Central Bank Governance Government Economy 60

The Fintech Times

SEPTEMBER 6, 2024

Nonetheless, the gambling sector has been so impactful, that the country’s GDP per capita was valued at over $66,000 last year according to the World Bank. However, the country wants to diversify its economy. Diversifying the economy When China reopened, economic development and rebooting the tourism industry were top priorities.

SARS 57

SARS Cross-Border Governance Government 57

PYMNTS

NOVEMBER 22, 2020

That means economic activity for months post-vaccine will be compared with months that fell during the depths of the COVID-19-related shutdowns beginning in March 2021. Fed governors have indicated in the past that inflation about 2 percent is okay for a spell if it follows a period of sub-2 percent inflation.

Consumer 67

Consumer Fed Shutdown On-Demand 67

Finovate

MARCH 15, 2024

million and the twelfth largest economy as measured by GDP. Last month at FinovateEurope, we introduced Swedish embedded banking and payments company Visualizy to our audiences. Swedish Central Bank looks to defend cash If the Swedish Central Bank is for cash, then who can be against it?

Central Bank 52

Central Bank Payment Service Provider (PSP) Non-Bank Settlement 52