The Fintech Times

AUGUST 8, 2024

per cent to the non-oil gross domestic product (GDP), their role in the economy is vital. The digital payments market in the MENA region is projected to reach $9billion by 2028 according to GlobalData , a 124 per cent increase from 2021, driven by convenience and accessibility. per cent in 2022 to 19.4 per cent within the next decade.

Central Bank 59

Central Bank Security Financial Inclusion Economy 59

Fintech Finance

SEPTEMBER 4, 2024

Founded in 2021 by entrepreneurs Perseus Mlambo and Alessandra Martini, Union54 has quickly gained prominence in Africa’s fintech sector. This collaboration between the two key players aims to champion an inclusive digital economy, reinforcing their shared commitment to making transactions safe and accessible for everyone.

Debit Card 98

Debit Card Visa Payment APIs and Integration Instant Payments 98

Fintech News

FEBRUARY 14, 2024

MSMEs are the backbone of Thailand’s economy, constituting 99.6 Despite their economic significance, MSMEs encounter a substantial financing gap, which, as of 2021, stood at approximately US$41 billion. Jane Yuan Xu “Dedicated financing for MSMEs, including WMSMEs, is critical for an inclusive and sustainable economy.

Financial Inclusion 109

Financial Inclusion Non-Bank Underserved Finance 109

The Fintech Times

MAY 29, 2024

Much of the Middle East is focused on enabling a cashless economy, with Saudi Arabia’s Vision 2030 setting a target for its financial sector to achieve 70 per cent of non-cash transactions by 2030 and the United Arab Emirates (UAE) actively promoting digital payments. per cent of its population engage with it.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

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 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

The Fintech Times

JULY 29, 2024

per cent in gross merchandise value (GMV) to the digital economy in 2024. The forecast comes after UnaCash compared the volume of the Philippines’ BNPL market from 2020 to 2023 to the growth rate of the Philippine digital economy during the same period. per cent) and 2022 (4.19 per cent) values.

BNPL 59

BNPL Consumer Financial Inclusion Economy 59

Finovate

JULY 5, 2024

“This is a significant milestone for Ascend Money, which not only validates our commitment to innovation and financial inclusion in Thailand but also demonstrates a growing interest and confidence in Ascend Money’s potential,” said Ascend Money Founder and Chairman Suphachai Chearavanont. In 2021, the company received a $1.5

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

The Fintech Times

SEPTEMBER 5, 2024

Founded in 2021 by entrepreneurs Perseus Mlambo and Alessandra Martini , Union54 has quickly gained prominence in Africa’s fintech sector. Together, the organisations will foster an inclusive digital economy. This will be made all the more effective with secure financial transactions enabled by Paymentology.

Payment APIs and Integration 59

Payment APIs and Integration Debit Card Financial Inclusion Visa 59

The Fintech Times

MAY 17, 2024

As Mastercard and ABHI unite to advance financial wellness across the region, this partnership also signifies a leap toward fostering a secure digital economy. “This collaboration fosters financial wellness and ignites transformative change, propelling us toward a brighter, more inclusive financial future for all.”

Visa 59

Visa Financial Inclusion Embedded Finance Payroll 59

Fintech Review

JUNE 4, 2024

But specific trends in Uzbekistan’s financial landscape are our real source of optimism. Crucially, financial inclusion and a payments revolution are the accelerants in this market. Macroeconomic Growth and Transformation Clearly, Uzbekistan’s macroeconomic tailwinds must be part of any explanation of this phenomenon.

FinTech 109

FinTech Financial Inclusion BNPL P2P 109

Fintech News

FEBRUARY 26, 2024

billion in 2021 to US$77.5 The commitment to financial inclusion is particularly pronounced in emerging markets and developing economies (EMDEs), where fintech firms are actively extending financial products and services to segments historically neglected by traditional financial institutions.

FinTech 139

FinTech Consumer Financial Inclusion On-Demand 139

Fintech Finance

MAY 16, 2024

As Mastercard and ABHI unite to advance financial wellness across the region, this partnership signifies a leap toward fostering a secure digital economy. “At ABHI, we’re embarking on a journey with Mastercard to redefine financial empowerment. .

Visa 52

Visa Financial Inclusion Embedded Finance Payroll 52

Fintech News

AUGUST 12, 2024

The report, titled “Fintech – powering India’s US$5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future”, provides an overview of the current state of fintech trends in India. Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

PYMNTS

OCTOBER 15, 2020

The move is being made, according to the release, because of the need for accessible benefits among gig and independent economy workers, who don't often have them — alongside the flexibility to keep benefits as they change jobs. The gig economy has only expanded amid the pandemic.

Visa 94

Visa Financial Inclusion Economy Payment Networks 94

The Fintech Times

APRIL 22, 2024

” The global supply chain finance market was valued at $6billion in 2021 and is projected to reach $13.4billion by 2031, growing at a CAGR of 8.8 A global issue MSMEs run 70 per cent of the world’s GDP and play a significant role in shaping growth, innovation, and recovery in the global economy. per cent from 2022 to 2031.

Underserved 69

Underserved Finance Technology APACS 69

The Fintech Times

FEBRUARY 27, 2024

Fostering financial inclusion Michael Wallis-Brown, VP of mobile FS, Ericsson Characterised by their swiftness, accessibility and innovation, digital wallets offer practical solutions for managing expenses during economic challenges, explains Michael Wallis-Brown , vice president and global head of mobile financial services at Ericsson.

Financial Inclusion 102

Financial Inclusion Online and Mobile Banking Transactions Consumer 102

The Fintech Times

FEBRUARY 19, 2024

How businesses and countries are moving to a cashless societies Michael Brauneis, managing director and global financial services industry leader at Protiviti In an era of technological advancements and evolving consumer preferences, the global economy is witnessing a historic shift towards a cashless society.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Fintech News

APRIL 3, 2024

The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.

Financial Inclusion 124

Financial Inclusion FinTech Financial Literacy Non-Bank 124

PYMNTS

DECEMBER 14, 2020

“We are committed to providing innovative solutions for gig workers that drive financial inclusion,” said Marco Margiotta , CEO of Payfare. Since the inception of Payfare, we have quickly become a name synonymous with digital banking and instant payout solutions for the on-demand gig economy.”.

Direct Deposit 95

Direct Deposit Financial Inclusion Settlement On-Demand 95

FICO

OCTOBER 6, 2021

Nominations are due December 3, 2021 , and winners will be announced on January 28, 2022. Financial Inclusion. The impact on health, resourcing, the economy and supply chains has been wide and varied and these awards shine a spotlight on how companies have managed to thrive. New ESG Champion Category. Cloud Deployment.

Regulatory Compliance 52

Regulatory Compliance Financial Inclusion AI Compliance 52

PYMNTS

OCTOBER 16, 2020

With gig-economy participation rising and U.S. healthcare costs soaring, anything that can reduce the burden of medical expenses on the often-overlooked freelancers who are driving the digital economy would be a big win. 15) following the partnership’s announcement. It just makes sense.”.

Visa 116

Visa Economy Push-to-Card Financial Inclusion 116

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 59

Instant Payments Payment APIs and Integration ISO 20022 PCI DSS 59

FICO

AUGUST 29, 2022

For example, consumers with FICO® Scores between 550 and 599 saw a score increase of up to 20 points from April 2020 to April 2021. This is up by a little over 1% compared to April 2021. as of April 2021 and very similar to the 47.3% The increase from April 2021 to April 2022 is mostly concentrated in newly opened credit cards.

Consumer 98

Consumer Credit Cards Payments Governance 98

Fintech News

MARCH 6, 2024

Rakuten Bank is the largest online bank in Japan by number of accounts, surpassing 11 million accounts in 2021. It also became the country’s first digital lender to list on the Korea Exchange in August 2021, raising about US$2.1 It has over 500,000 users as of December 2021. It has over 2.3

Online and Mobile Banking 135

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

Fintech Finance

DECEMBER 20, 2023

The Central Bank of Nigeria (CBN), recognizing the booming growth of the Nigerian payment market, has taken a significant step in shaping the future of payments by introducing the Framework for Quick Response (QR) Code Payment in January 2021. We’re committed to making a digitally inclusive future a reality for all.”

Digital Payments 52

Digital Payments Contactless Payments Visa Payments 52

Fintech News

FEBRUARY 20, 2024

With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region. monthly active users in 2021.

FinTech 119

FinTech Payment APIs and Integration Online and Mobile Banking Security 119

PYMNTS

FEBRUARY 11, 2020

In today’s top payments news, Mastercard was approved for a bank card clearing business in China, and a judge rejected Uber and Postmates’ request to stop California’s new gig economy law. The approval is part of the country’s decision to open its financial system, part of the “phase one” trade deal with the U.S.

Laws 60

Laws Visa Payments Ubiquitous 60

FICO

APRIL 28, 2023

economy, credit scores, and credit risk trends were headed. government and financial institutions to implement significant guard rails and safety net programs for consumers such as the government stimulus, extended unemployment benefits, and payment accommodations. At the start of the pandemic, uncertainty surrounded where the U.S.

Credit Risk 52

Credit Risk Risk Risk Assessment Assessments 52

FICO

NOVEMBER 8, 2019

Sally Taylor, Scores Vice President, who was the first Product Manager for the FICO Score, gave an inspiring keynote highlighting the past 30 years of FICO Scores empowering people and economies. We hope to you at FICO World 2021 in Florida! . by FICO.

AI 40

AI Financial Inclusion Innovation Government 40

Fintech News

APRIL 16, 2024

Over 3,000 senior decision-makers and 200+ speakers , sponsors, and exhibitors, and address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks at the event. According to the report, cashless payments are now widespread in the country, reaching an adoption rate of 94% in 2021.

FinTech 116

FinTech Bots Central Bank Innovation 116

FICO

APRIL 28, 2020

Our winners have innovated in lending, supply chain optimization, customer management, debt collection, fraud and financial inclusion. They come from all corners of the globe and many varied sectors of the economy. I congratulate them on their achievements and winning their categories in what was a very competitive line-up.

Financial Inclusion 52

Financial Inclusion Fraud Detection Regulatory Compliance Non-Bank 52

FICO

AUGUST 18, 2022

A UNCDF financial health white paper defines a financially healthy person as someone who “can meet current needs, absorb financial shocks, and pursue financial goals.” However, research indicates that the majority of people are not financially healthy. Glenn: Everyone has their own definition of financial wellness.

Financial Inclusion 52

Financial Inclusion Financial Literacy Small Business Economy 52

Clearly Payments

MARCH 22, 2024

In 2021, digital wallets accounted for approximately half of all global e-commerce transactions, a trend that is expected to continue in the years to come. Mobile payments provide an accessible and convenient way for people in these regions to participate in the digital economy, leading to greater financial inclusion.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Fintech News

JANUARY 30, 2024

Despite varying levels of initiative and enthusiasm across different markets, the significance of digital currencies is increasingly acknowledged by both commercial and central banks, especially as economies become more interlinked. The research firm Adroit projects that the market for AR and AP automation will expand at a CAGR of 17.6%

Payments Trends 116

Payments Trends Digital Currency Cross-Border Payments Instant Payments 116

Fintech News

MARCH 18, 2024

According to the report, cashless payments are now widespread in Thailand, reaching an adoption rate of 94% in 2021. The framework, which is still in the works, aims to support people with no or limited access to financial services. since 2021. billion and becoming Thailand’s first fintech unicorn.

FinTech 105

FinTech Online and Mobile Banking Blockchain Product 105

FICO

AUGUST 16, 2021

For example, for those consumers who had a FICO Score value between 550-599 as of January 2020 (pre-pandemic), their average score has gone up from 581 as of April 2020 to 601 as of April 2021. As of April 2021, just 15% of the population has had a 30+ day past due missed payment in the past year. This is down from 19.6%

Consumer 98

Consumer Credit Cards Continuity Credit Risk 98

Finovate

JUNE 21, 2024

In a statement, the company noted that the funds raised value the company “in line” with the company’s Series D round from 2021. We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.”

Financial Inclusion 64

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64