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2022 Central Bank Financial Inclusion 
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 has also ventured into central bank digital currencies (CBDCs). million in 2021 to 19.5
The Fintech Times
SEPTEMBER 24, 2024
The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financial inclusion and economic growth. In the formal financial sector, key developments included Banque Pour Le Commerce Exterieur Lao (BCEL) launching a mobile application to facilitate payments and transactions for cardholders.
Faster Payments Council
SEPTEMBER 12, 2022
This in-person event will take place on September 14-15, 2022 at the Delta Hotels Minneapolis Northeast in Minneapolis, MN.
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Faster Payments Council
MARCH 30, 2022
This in-person event will take place on March 3-4, 2022 at the Loews New Orleans Hotel. Attend this session to hear a discussion on financial inclusion, authentication, and consumer protections. indoor mask mandate is also in effect. This panel will cover lessons learned from other countries regarding the end-user experience.
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The Fintech Times
OCTOBER 10, 2024
This is much lower than mobile penetration rates across the world, with the Asia-Pacific region’s being 62 per cent as of 2022. With a myriad of factors impacting success including cultures and remoteness, traditional financial institutions have struggled to establish themselves. appeared first on The Fintech Times.
The Fintech Times
AUGUST 8, 2024
Ziina , a UAE-based financial platform supporting consumers and entrepreneurs, has secured the Stored Value Facility (SVF) licence from the UAE Central Bank , enabling it to expand its range of financial services. per cent in 2022 to 19.4 per cent within the next decade.
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The Fintech Times
OCTOBER 3, 2024
To make sure more people have access to these services, the government of Papua New Guinea has been putting a focus on financial inclusion. It was established to act as the industry’s apex organisation for coordinating, advocating and monitoring all financial inclusion activities in the country.
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. Tackling these challenges Despite these challenges, the fintech industry could certainly play a role in improving financial inclusion for citizens of Timor-Leste.
The Fintech Times
SEPTEMBER 14, 2024
According to the World Trade Organisation (WTO), Taiwan was the 17th largest exporter and importer of merchandise in 2022. While many incumbent banks and financial institutions have faced challenges during their digitalisation journeys, financial service providers in Taiwan have made significant strides in embracing digital transformation.
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The Fintech Times
NOVEMBER 16, 2024
Armenia Population: +2,967,000 Capital, financial hub and largest city: Yerevan Gross domestic product (GDP) per capita: +$8,500 Access to a formal financial account (adults): 52.3 per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population.
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Fintech News
JULY 3, 2024
According to the project report containing conclusions and key learnings recently released by the Bank for International Settlements Innovation Hub (BISIH) Singapore Centre, there is a sizeable flow of intra- and extra-ASEAN payments that could be processed through Nexus. trillion by 2025. Nexus Scheme Organisation (NSO) structure.
PYMNTS
JANUARY 14, 2021
The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022.
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The Fintech Times
AUGUST 23, 2024
The financial sector Five major banks – Golomt Bank, Khan Bank, State Bank, Khas Bank and Trade and Development Bank -predominantly control Mongolia’s financial services sector, collectively accounting for around 90 percent of the country’s financing. For example, Singapore-based Finbots.ai
115 
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.
100 
The Fintech Times
APRIL 12, 2024
Remittances remain a key economic driver in Sub-Saharan Africa with a reported $53billion flowing into the region in 2022. In Kenya, the Central Bank of Kenya reported $5.77 billion worth of foreign currency inflows in 2022.
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The Fintech Times
OCTOBER 25, 2024
The first event was the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI), a nonprofit organisation backed by India’s central bank and leading banks. In 2014, only 53 per cent of adults in India had bank accounts, but by 2021, this figure had risen to 78 per cent.
Fintech Finance
APRIL 12, 2024
Remittances are a key economic driver in Sub-Saharan Africa with a reported $53 billion flowing into the region in 2022. In Kenya, the Central Bank of Kenya reported $5.77 billion worth of foreign currency inflows in 2022.
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Fintech News
APRIL 16, 2024
The event is poised to provide a comprehensive platform for professionals across the Asia-Pacific (APAC) region to explore the latest advancements in fintech across a wide range of sectors, including payments, banking, regtech, insurtech, lending, and more. Today, the segment represents the most crowded vertical in the fintech Thailand scene.
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The Fintech Times
NOVEMBER 4, 2024
The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards. Regarding digital payment systems in Nepal, mobile banking boasts the largest number of customers (over 23 million), while digital wallets follow closely behind (21 million).
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Fintech News
MARCH 6, 2024
For instance in most of the frontier digital bank markets in Southeast Asia, the central banks have taken steps to issue digital-specific bank licenses separate from those of commercial banks. It also offers various financial services such as debit cards, investment trusts, FX, and neo-bank services.
Fintech Finance
FEBRUARY 6, 2024
” Nepal’s transition from a cash-based economy to a burgeoning digital payment ecosystem has been a remarkable journey with positive impact on financial inclusion and economic development. Of these, 81% utilize banking services, and 9% opt for other formal financial services. billion people.
Fintech News
AUGUST 12, 2024
between fiscal year 2022 and fiscal year 2029, and reach US$21.12 Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector. Revenue from embedded finance in India is expected to grow at an annual growth rate of 30.4% billion by then.
Fintech Finance
DECEMBER 13, 2023
The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.
Finovate
JANUARY 19, 2024
. “Together with anb, we aim to transform how customers manage their finances, providing them with tailored solutions that empower them to reach their financial aspirations.” ” Finshape demoed Money Stories in its Best of Show-winning debut at FinovateEurope 2022.
The Fintech Times
JUNE 18, 2024
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. This success is now drawing attention in Latin America and further afield.
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The Fintech Times
JUNE 6, 2024
Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.
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Fintech Finance
FEBRUARY 12, 2024
Visa , a world leader in digital payments, announced the signing of a Memorandum of Understanding (MoU) with Egyptian Banks Co. for Technological Advancements (EBC), the operator and developer of national payment networks and ecosystems, in collaboration with the Central Bank of Egypt (CBE).
52 
The Fintech Times
SEPTEMBER 8, 2024
The Saudi Central Bank (SAMA) is working on strengthening the Saudi Arabian fintech ecosystem, and in doing so, has recognised the potential of open banking. As a result, SAMA has announced the issuance of the second release under the open banking framework, focused on the payment initiation service (PIS).
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PYMNTS
JANUARY 14, 2021
The Clearing House's real-time payments offering, the RTP ® network, continues to gather steam with financial institutions (FIs), FinTechs and their business customers in this week's Payment Rail Innovation roundup. Wells River Savings Bank Joins The RTP Network.
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Finovate
OCTOBER 30, 2024
“We’re proud to support Kuady in its mission to enhance financial inclusion and transform how people manage their money,” Mambu Chief Revenue Officer Mark Geneste said. In addition to its partnership with Kuady, the Berlin, Germany-based firm this month teamed up with INDEXO Bank.
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Fintech News
DECEMBER 10, 2023
The Sumsub Identity Fraud Report 2023 leverages exclusive insights and advanced fraud analytics to drill down on which countries and industries and most susceptible to digital identity fraud, and provides eye-opening takeaways, such as a 10x surge in in the number of deepfakes detected worldwide in 2023 compared to 2022.
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Fintech Finance
DECEMBER 8, 2023
In 2022, global real-time transaction volumes surged by 63.2%, hitting a record high of 195 billion transactions. of all electronic payments worldwide, a substantial increase from the 18% observed in 2022, per ACI Worldwide’s report It’s Prime Time for Real-Time 2023. The numbers tell a compelling story.
Fintech News
DECEMBER 13, 2024
This trend highlights efforts to enhance monetary sovereignty, boost financial inclusion, and modernise payment systems in an increasingly digital world. These initiatives also seem to complement ongoing efforts to develop Central Bank Digital Currencies (CBDCs), as both digital assets aim to modernise traditional financial systems.
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Fintech News
JUNE 19, 2024
Stablecoins have been rising in conversation within the financial ecosystem of Singapore. Stablecoins can be backed by fiat currencies, commodities, or even other cryptocurrencies, and offer a range of benefits, including faster and cheaper cross-border transactions, increased financial inclusion, and the potential for programmable money.
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The Fintech Times
SEPTEMBER 10, 2024
Its 2022-2025 Fintech Development Plan sets out to build a ‘digitalised, intelligent, green and fair’ fintech sector, focusing on eight key objectives, including the development of digital infrastructure and enhanced fintech governance. The government has also been proactive in supporting fintech growth. With over 1.4
59 
The Fintech Times
JULY 16, 2024
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Our goal is to build an open and interconnected financial market.
The Fintech Times
FEBRUARY 19, 2024
Beijing has also conducted a nationwide pilot scheme for e-yuan, also known as e-CNY , a digital currency, with more than 261 million people downloading the wallet in 2022. dollar now accounts for 58 per cent of foreign exchange reserves held by overseas central banks, a record low.
PYMNTS
NOVEMBER 22, 2018
If this happens, [India’s] financial inclusion program would be severely impacted, as millions of beneficiaries under the government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who withdraw subsidies in the form of cash through ATMs, may find their neighborhood ATM shut,” said CATMi, which warned that there will be long lines to get cash out.
75 
The Fintech Times
JUNE 13, 2024
The transaction volume of payments in the Middle-East and Africa region is set to almost quadruple by 2027 ($2.6billion) from its value in 2022 ($675million). This move aligns with Vision 2030 , aiming to diversify the economy and reduce cash dependence, boosting efficiency and inclusion.
The Fintech Times
APRIL 9, 2024
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. There are so many parts of society that are excluded from the traditional banking market.
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Finovate
MARCH 15, 2024
Last month at FinovateEurope, we introduced Swedish embedded banking and payments company Visualizy to our audiences. Founded in 2022, the company offers a multi-bank platform that helps businesses lower costs, reduce errors, and boost security in their financial and payment operations.
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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.”
Fintech News
JANUARY 3, 2024
billion in H2 2022 to US$5.1 The figure represents a notable decrease from the record-breaking of US$45 billion witnessed in H1 2022. AI, and regional developments in the financial sector. The show will also address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks.
84 
The Fintech Times
SEPTEMBER 10, 2024
As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. In fact, 36 billion transactions were processed by Pix in Brazil in 2023.
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