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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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

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.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

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

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

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).

Facilitators 52

Facilitators Cross-Border Instant Payments Central Bank 52

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.

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

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.

Digital Payments 52

Digital Payments Instant Payments Cross-Border Payments Cross-Border 52

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 116

Payments Trends Digital Currency Cross-Border Payments Instant Payments 116

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.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

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.

Innovation 90

Innovation Financial Inclusion Central Bank Participant 90

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.

FinTech 116

FinTech Bots Central Bank Innovation 116

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.

Instant Payments 59

Instant Payments Payment APIs and Integration ISO 20022 PCI DSS 59

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.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

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

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.

Stablecoins 107

Stablecoins Cross-Border Cross-Border Payments Blockchain 107

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.

API 59

API Finance Financial Inclusion Use Case 59

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.

FinTech 114

FinTech Cross-Border Deepfake Cross-Border Payments 114

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.

Online and Mobile Banking 135

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

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.

RTP 62

RTP Real Time Payments Payment APIs and Integration Digital Currency 62

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.

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APACS FinTech Web 3.0 AI 99

Clearly Payments

MARCH 18, 2024

Cryptocurrencies , with their decentralized nature and blockchain technology, present new opportunities for borderless transactions and financial inclusion, albeit with regulatory challenges and volatility concerns.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

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.

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ATM Digital Payments Financial Inclusion Payments 75

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.

Innovation 107

Innovation FinTech Payment APIs and Integration Non-Bank 107

The Fintech Times

FEBRUARY 27, 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. What are some investment trends we’re seeing in Brazil and Mexico?

FinTech 59

FinTech Cross-Border Real Time Payments Returns 59

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.

Cross-Border Payments 112

Cross-Border Payments Cross-Border Instant Payments Central Bank 112

Fintech News

DECEMBER 19, 2023

The event is expected to bring together over 5,000 leaders from fintech, banking, payments, and lending to shape the future of the industry. The show will also address key industry themes such as financial inclusion, sustainability, cybersecurity, and regulatory frameworks.

FinTech 126

FinTech Web 3.0 AI Participant 126

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.

Financial Inclusion 52

Financial Inclusion Consumer Assessments Interoperability 52

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.

Payments 64

Payments Financial Inclusion Online and Mobile Banking Central Bank 64

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.

Payments Trends 59

Payments Trends Cross-Border Cross-Border Payments Payments 59

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.

Payment Service Provider (PSP) 69

Payment Service Provider (PSP) Financial Inclusion FinTech PayPal 69

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.

Central Bank 52

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

Fintech News

JULY 23, 2024

By the end of 2022, Akseleran had disbursed almost IDR 6.6 The company served more than 206,000 individuals and collaborated with major banks, including BCA, BRI, Bank Mandiri and OCBC NISP. billion by late 2022. For lenders, Akseleran promises attractive returns, with investments starting from IDR 100,000 (US$6).

FinTech 125

FinTech Online and Mobile Banking Multi-Currency Non-Bank 125

Clearly Payments

NOVEMBER 28, 2023

The automated tracking of income and expenses serves as a foundation for robust financial reporting, providing the business owner with clear and actionable data. Challenges in the Financial Sector & Economy The global economic landscape has taken a turn for the worse starting in 2022, casting a long shadow over the banking industry.

Digital Currency 52

Digital Currency Central Bank AI Innovation 52

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Finovate

JUNE 7, 2024

The company went on to launch a new solution to enable trading in mutual funds and, in 2022, raised $20 million to fuel regional expansion. The partnership will enable du Pay to issue Visa cards, grow its suite of financial solutions, and bring greater versatility to the du Pay platform. billion on its platform in 2023.

Finance 59

Finance Cross-Border Cross-Border Payments IBAN 59