Fintech News

JANUARY 7, 2024

This infrastructure, which was launched in 2019, has considerably helped boost digital payment usage, with Doku reporting a fourfold increase in e-money transactions on its platform in 2022, compared with 2021. Between January and October 2023, QRIS transaction volume reached 1.6 The total number of QRIS users stood at 43.44

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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. The company will use the new capital to accelerate product development and support its efforts to leverage technology to enhance financial inclusion in Mexico.

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

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.

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Financial Inclusion Embedded Finance Payments Push-to-Card 141

The Fintech Times

DECEMBER 26, 2023

By combining alternative data with financial education programs and unbiased predictive models, we can boost financial inclusion and support the expansion of access to finance for these customer segments. That way, consumers gain the opportunity to develop the knowledge and skills required to make informed financial decisions.

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Financial Inclusion Underserved Small Business Finance 58

The Fintech Times

MAY 15, 2024

The partnership will focus on promoting financial inclusion and enhancing security measures not only in the Philippines but throughout the region. It will look to redefine the user onboarding experience and strengthen security measures, in response to significant fraud-related financial losses among Filipinos.

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Financial Inclusion Scams Online and Mobile Banking Risk Management 45

The Fintech Times

JANUARY 10, 2024

In December 2023, Tenpo , the Chilean digital bank, called out the US corporation for failing to take into account financially inclusive payment methods that were popular among Chileans. The campaign aims to promote freedom of payment choice popular with locals – ensuring financial inclusion.

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Financial Inclusion Economy Innovation Venmo 71

The Fintech Times

SEPTEMBER 3, 2024

But how has the Philippines developed its financial ecosystem since then? per cent in 2021, despite the challenges of the covid-19 pandemic, according to the World Bank. Notably, the Fintech Philippines Association is the largest financial technology trade association in the country. per cent in 2015 to 18.1

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Accounts Financial Inclusion FinTech Economy 58

FICO

JANUARY 29, 2021

Today it gives me great pleasure to announce the winners of the 2021 FICO® Decisions Awards. . 2021 Decisions Award Winners. Financial Inclusion – Grupo Monge. Again, we would like to thank the 2021 judges for their help in identifying the best nominations. You can read more about our judges in this blog post.

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Liquidity Risk Regulatory Compliance Financial Inclusion AI 98

Fintech News

SEPTEMBER 15, 2024

XenCapital, since its inception in 2021, has disbursed over US$ 700 million in loans to businesses, focusing on risk management and understanding merchant needs across the region. Moses Lo “We’re excited to partner with Helicap to further drive financial inclusion across Southeast Asia.

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Security Financial Inclusion Risk Management Assessments 115

Fintech News

SEPTEMBER 1, 2024

This funding aims to support Indonesian MSMEs by providing them with more accessible financing options, addressing financial barriers, and helping to drive economic growth. Since 2021, Validus has disbursed S$5.17 Batumbu has reported growing profits over the past two years and consistently achieved EBITDA margins exceeding 50%.

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Financial Inclusion Underserved Small Business Finance 115

The Fintech Times

OCTOBER 23, 2024

Grappling with digital and financial inclusion According to the United Nations Capital Development Fund (UNCDF), only one in five (20 per cent) of Timorese adults claim ownership of a current account, while only one in ten possess any kind of payment card. In fact, some key work has already begun.

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Financial Inclusion FinTech Credit Union Financial Literacy 100

The Fintech Times

NOVEMBER 16, 2024

Despite these advancements, challenges such as financial inclusion remain. The non-banking financial sector, particularly the microfinance sector, remains underdeveloped, having been significantly impacted by the currency devaluations of 2015. per cent in 2021. per cent holding a credit card.

FinTech 68

FinTech Central Bank Financial Literacy Online and Mobile Banking 68

Clearly Payments

OCTOBER 7, 2024

trillion in 2021, a 25% increase from 2020. billion to fraud in 2021, a 70% increase compared to 2020. Cross-Border E-commerce Growth : Cross-border e-commerce grew by 21% in 2020, according to a report by the International Post Corporation (IPC). Financial Inclusion Initiatives : According to the World Bank, over 1.7

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Cross-Border Processors Multi-Currency Contactless Payments 88

The Fintech Times

OCTOBER 29, 2024

In the two decades following this, internet usage grew, albeit slowly – from 10 per cent in 2012 to over 54 per cent in 2021. This move enabled formal financial services to spread to smaller cities for the first time – beginning to close the financial infrastructure gap between the urban and rural areas.

FinTech 58

FinTech Financial Inclusion Consumer Protection Transactions 58

Fintech Finance

NOVEMBER 13, 2024

“The partnership will deliver an expanded range of financial products and a card issuance program to serve the unique financial needs of both senders and recipients, supporting financial inclusion across Central America.”

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Visa Financial Inclusion Underserved Cryptocurrency 52

Fintech News

MAY 28, 2024

Embrace Financial Inclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financial inclusion — a major focal area for APAC digital banks as well. According to a 2021 report by the Asian Development Bank, an estimated 1.1 trillion by 2025.

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APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 122

Fintech News

SEPTEMBER 9, 2024

This latest round follows the company’s previous US$18 million Series B round in 2021, which included investors such as PSA International, Straits Trading Company, and New Horizon Global. Featured image credit: Edited from Freepik The post SDAX Secures US$50 Million in Series B2 Funding appeared first on Fintech Singapore.

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Security Financial Inclusion Authorization Continuity 97

The Fintech Times

NOVEMBER 14, 2024

In 2022, Tajikistan launched a National Financial Inclusion Strategy to facilitate access to financial services for individuals and small businesses. Furthermore, in an attempt to make financial services more accessible, at least one neobank has been created in the country: Alif. digital currencies like cryptocurrencies.

FinTech 71

FinTech Online and Mobile Banking Financial Inclusion Central Bank 71

Fintech News

APRIL 11, 2024

The company, which has seen its valuation double since a funding round in September 2021, reports a 50% increase in revenue and reached profitability in 2023. This funding is part of TransferGo ‘s strategy to expand its presence in the Asia-Pacific region and to enhance its range of products.

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Financial Inclusion FinTech Product Finance 104

FICO

MAY 27, 2021

A Dozen Top Achievers in 2021. Earlier this year we provided a list of the winning companies in our 2021 FICO® Decisions Awards. Financial Inclusion. Again, we would like to thank the 2021 judges for their help in identifying the best nominations. You can read more about our judges in this blog post.

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Online and Mobile Banking Liquidity Risk Risk Fraud Detection 52

Fintech News

FEBRUARY 14, 2024

Despite their economic significance, MSMEs encounter a substantial financing gap, which, as of 2021, stood at approximately US$41 billion. IFC has been a great partner in promoting financial inclusion, differentiating Thai Credit from other market participants,” said Roy Agustinus Gunara, Managing Director of Thai Credit.

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Financial Inclusion Non-Bank Underserved Finance 106

The Fintech Times

MAY 29, 2024

– Increased financial inclusion Cryptocurrencies provide a potential solution for individuals who are marginalised or excluded from traditional financial services and institutions. By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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Digital Currency CBDC Cross-Border Payments Cross-Border 110

The Fintech Times

NOVEMBER 9, 2024

Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times.

Economy 84

Economy Online and Mobile Banking Central Bank Financial Inclusion 84

Fintech News

JULY 15, 2024

Reports also show that approximately 50% of Myanmar’s adult population had a bank account in 2020, reflecting growth in financial inclusion and creating new opportunities for businesses and individuals. million in Wave Money in 2021 to expand digital payment networks and accelerate adoption.

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FinTech Online and Mobile Banking Financial Inclusion Payroll 110

PYMNTS

OCTOBER 9, 2019

post offices beginning in January, and the decision has drawn the ire from Post Office officials as well as supporters of rural communities and elderly customers, who are generally more reliant on cash. The bank also promised it wouldn’t close branches in places where it was the “last bank in the town” until near the end of 2021.

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Posting Financial Inclusion Checks Transactions 43

PYMNTS

OCTOBER 9, 2019

post offices beginning in January, and the decision has drawn the ire from Post Office officials as well as supporters of rural communities and elderly customers, who are generally more reliant on cash. The bank also promised it wouldn’t close branches in places where it was the “last bank in the town” until near the end of 2021.

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Posting Financial Inclusion Checks Transactions 40

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.

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Debit Card Visa Payment APIs and Integration Instant Payments 98

The Fintech Times

OCTOBER 25, 2024

Accelerating financial inclusion Though demonetisation was abrupt, it accelerated digitalisation in India, with a significant impact on financial inclusion. In 2014, only 53 per cent of adults in India had bank accounts, but by 2021, this figure had risen to 78 per cent.

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Digital Payments FinTech Online and Mobile Banking Financial Inclusion 58

FICO

FEBRUARY 27, 2023

We received entries that demonstrated the power of optimization to balance the European energy grid under pressure from the war in Ukraine, to others that show how life-changing and transformational financial inclusion programs can be for ordinary people. You can read more about our judges in this blog post.

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Financial Inclusion AI Credit Cards Research 98

Fintech News

MAY 5, 2024

By setting up shop right in the bustling heart of the country’s financial district, Oradian is not just physically closer to clients — the Filipino fintech is better positioned to be effective within the very fabric of everyday Filipino financial life. from 56% in 2021.

Financial Inclusion 101

Financial Inclusion Underserved Regulatory Compliance Disaster Recovery 101

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

MAY 17, 2024

” This collaboration also marks a milestone in modernising the payment infrastructure and emphasises a shared commitment to empowering individuals and driving positive change in the financial landscape of the UAE and beyond. . It was also the first to receive the Technology Pioneer 2023 Award by the World Economic Forum.

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Visa Financial Inclusion Embedded Finance Payroll 58

FICO

FEBRUARY 7, 2023

Home Blog FICO Top 5 Scores Posts of 2022: Steady FICO Score, BNPL and Alternative Data 2022 marked the first year in over a decade the average FICO Score did not increase, while the industry’s attention remained on topics such as alternative data and BNPL. Read the full post 2. Read the full post 3. Average U.S.

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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.

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FinTech Consumer Financial Inclusion On-Demand 137

The Fintech Times

AUGUST 8, 2024

. “This regulatory approval allows us to expand our services further, strengthening our role as a dedicated financial partner for SMEs – the true backbone of the UAE’s economy – by offering them a fast and secure way to send, receive, and grow their money.”

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Central Bank Security Financial Inclusion Economy 58

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. The post Uzbekistan: A Fintech Paradise? Of course, a rising tide of prosperity, consumerism and entrepreneurship will spur fintech growth.

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FinTech Financial Inclusion BNPL P2P 109

Fintech Finance

MAY 16, 2024

. “Mastercard is committed to leveraging cutting-edge technologies to develop new payment solutions that offer unprecedented convenience and security, with the aim of enhancing consumer experience and driving financial inclusion.

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Visa Financial Inclusion Embedded Finance Payroll 52