Remove 2022 Remove Financial Literacy Remove Underserved
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Wealthtech and Investing in the Middle East and Africa 2024

The Fintech Times

Recent times have been challenging for many, including the ultra-wealthy, who collectively saw a decline of $10trillion, or 10 per cent, in their net worth in 2022 due to global economic uncertainties such as the energy crisis and the Ukraine War. See the chart below for the top ten richest individuals for reference.

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Indonesia Hosts Second Highest Number of Fintech Unicorns in Southeast Asia

Fintech News

Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics. The startup’s last round was a US$200 million investment from Japanese megabank Mitsubishi UFJ Financial Group announced in December 2022. billion to US$15 billion.

FinTech 52
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Fintech is Failing at Financial Inclusion for Women

Fintech News

It draws on a survey of 114 fintech firms across 17 countries, as well as interviews with leaders from 25 fintech firms, conducted between November 2022 and February 2023. According to the report, digital financial services carry significant potential to advance women’s financial inclusion.

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National Strategy of Papua New Guinea Focuses on Financial Inclusion as Gender Gap Remains

The Fintech Times

This includes promoting literacy, eliminating poverty and promoting vibrant financial institutional operations in Papua New Guinea. In 2014, the government set up the National Financial Inclusion and Financial Literacy Strategy. One of the strategies put in place to improve this was in 2022.

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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

billion in 2022, plus a further plunge to US$39 billion in 2023, as per CB Insights — has seen fintechs in certain regions noting the poor funding outlook as a hindrance to better growth. The commitment to financial inclusion remains a cornerstone of the fintech value proposition. billion in 2021 to US$77.5

FinTech 133
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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs.

AI 87
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Em Conversa: Digital Payment Adoption in Peru with PayU GPO

The Fintech Times

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. Peruvian financial habits are vastly changing from what they have traditionally been.