Finovate

DECEMBER 22, 2023

Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services.

Financial Inclusion 64

Financial Inclusion Automation AI Financial Crimes 64

Fintech Finance

NOVEMBER 26, 2024

This strategic expansion aims to boost financial inclusion by providing efficient, affordable cross-border payment solutions to one of the world’s fastest-growing economic regions. In 2023, remittances accounted for nearly 1.5 High remittance fees have historically hindered financial inclusion in the region.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Financial Inclusion Underserved 98

Fintech Finance

JUNE 7, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has announced the publication of its latest industry resource, the Faster Payments and Financial Inclusion survey report.

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Fintech Finance

OCTOBER 21, 2024

ACI Worldwide’s second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40 countries and reveals—for the first time—an empirical link between real-time payments and financial inclusion. billion in 2023 – equivalent to the labor output of 12 million workers. billion – a 74.2%

Real Time Payments 98

Real Time Payments Financial Inclusion Instant Payments Accounts 98

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, a Southeast Asian nation with a complex history, has undergone significant transformation.

Financial Inclusion 67

Financial Inclusion FinTech Central Bank Online and Mobile Banking 67

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.

Financial Inclusion 70

Financial Inclusion Economy Innovation Venmo 70

The Fintech Times

OCTOBER 23, 2024

Produced in collaboration with The Centre for Economics and Business Research , the second ‘ Real-Time Payments: Economic Impact and Financial Inclusion ‘ report from ACI Worldwide reveals an empirical link between real-time payments and financial inclusion. By 2028, 167.2

Real Time Payments 57

Real Time Payments Financial Inclusion Instant Payments Economy 57

The Fintech Times

JULY 13, 2024

Asia, a region known for its economic diversity, ranging from wealthy nations like Singapore, Japan, and South Korea to emerging powerhouses like China and India, has demonstrated notable unity in embracing financial inclusion. The post Financial Inclusion and the Rise of QR Payments in Asia appeared first on The Fintech Times.

Financial Inclusion 57

Financial Inclusion Cross-Border Payments Cross-Border Payments 57

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.

Financial Inclusion 143

Financial Inclusion Embedded Finance Payments Push-to-Card 143

Fintech News

DECEMBER 8, 2024

The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. It has focused on sustainable growth by meeting the needs of its target audience with a wide range of accessible financial products and services. years after its launch.

Financial Inclusion 119

Financial Inclusion AI Transactions Innovation 119

Neopay

OCTOBER 23, 2024

The report leverages data from 40 countries and reveals for the first time an empirical link between real-time payments and financial inclusion. They improve the efficiency of financial systems and ​enable greater financial inclusion,” says Thomas Warsop, president and CEO, ACI Worldwide. million workers.

Real Time Payments 52

Real Time Payments Financial Inclusion Payments Economy 52

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. M-Money has significantly improved financial inclusion, providing essential services to a population in need of accessible financial solutions.

Financial Inclusion 62

Financial Inclusion Digital Payments Cross-Border Central Bank 62

Fintech Finance

MAY 8, 2024

Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financial inclusion in the country’s dynamic payments ecosystem.

Financial Inclusion 59

Financial Inclusion Visa Innovation Funds Transfer 59

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.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

Fintech News

MAY 28, 2024

The Brazilian digital bank turned a net loss in 2022 into a US$1 billion net profit in 2023, with revenues exceeding US$8 billion. Nubank added nearly 20 million customers in 2023, reaching a total of 94 million, up from 54 million two years prior. billion in 2023. from 2022, reaching US$42.2

APACS 124

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 124

Finovate

MARCH 26, 2024

Alan Bekker of eSelf on the future of AI in financial services, The Clearing House’s Jim Colassano on real-time payments, financial inclusion and wealth-building with Rodney Williams of SoLo Funds … these are just a handful of the interviews Greg Palmer and the Finovate Podcast have featured in recent weeks.

Real Time Payments 59

Real Time Payments Fraud Prevention Financial Inclusion AI 59

The Fintech Times

SEPTEMBER 4, 2024

Additionally, the partnership supports the government’s goal of increasing savings rates and promoting financial inclusion. The company has surpassed its total revenue for 2023 in just the first half of this year, demonstrating impressive growth.

Financial Inclusion 57

Financial Inclusion FinTech Security Participant 57

The Fintech Times

OCTOBER 10, 2024

There is room for optimism Time for change There have been various government initiatives across the region to help bring about greater financial inclusion. For instance, the Fiji government is currently implementing its National Financial Inclusion Strategy 2022-2030. appeared first on The Fintech Times.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

Fintech News

NOVEMBER 27, 2024

Patricia Sullivan “The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency. However, the company reported US$285,000 in revenue for 2023 compared to the previous year’s lack of income.

Cross-Border 105

Cross-Border SARS Multi-Currency Correspondent Bank 105

Fintech News

JUNE 9, 2024

From January to April this year, loan disbursements surged by 87.19% compared to the same period in 2023, reaching US$189 million. Since its launch in 2016, JULO has disbursed over US$1 billion in total, with nearly half of that amount disbursed in 2023 alone—a 50% increase from the previous year.

Financial Inclusion 112

Financial Inclusion Underserved Non-Bank Returns 112

Fintech Finance

MARCH 28, 2024

Mastercard has announced the launch of two innovative payment cards in collaboration with Zenith Bank , the Mastercard Naija Card and the World Elite Credit Card, designed to address the diverse financial needs of Nigerians. million as of 2023.

Financial Inclusion 52

Financial Inclusion Visa Credit Cards Payments 52

Fintech News

JANUARY 7, 2024

This funding boost comes after KOMUNAL’s operational profitability in the second half of 2023. In 2023, KOMUNAL reported a significant growth, channeling a total of US$ 600 million in combined loans and deposits, nearly three times the amount of the previous year. ” said Hendry Lieviant, Co-Founder & CEO of KOMUNAL.

Financial Inclusion 117

Financial Inclusion Underserved Participant Regulations 117

Fintech Finance

AUGUST 27, 2024

billion real-time payments were processed in Mexico in 2023, making it the 10th largest real-time payments market in the world. between 2023 and 2028. “We According to ACI’s latest Prime Time for Real-Time report, 3.8

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

Fintech News

JUNE 26, 2024

The bank also launched the “MUFG Openly-connected Digital Ecosystem” (MODE) in 2023 to foster knowledge sharing among its invested companies. Notable investments include Grab, Home Credit, Akulaku, the establishment of the Garuda Fund, and DMI Finance. Group, ANT Group, and Bow Wave Capital Management.

Financial Inclusion 118

Financial Inclusion Economy FinTech Digital Payments 118

Faster Payments Council

SEPTEMBER 23, 2023

This in-person event will take place on September 26-27, 2023, at the Hyatt Centric Beale Street Memphis in Memphis, TN. We will explore the launch of FedNow and the intricacies of operating with multiple instant networks.

FPC 88

FPC Federal Reserve RFP Faster Payments 88

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.

Financial Inclusion 44

Financial Inclusion Scams Online and Mobile Banking Risk Management 44

FICO

AUGUST 8, 2022

2023 FICO Decisions Awards Now Open. I am excited to announce that our 2023 FICO Decisions Awards are now open! Nominations are due October 28, 2022 , and winners will be announced on January 26, 2023. Financial Inclusion. in Hollywood, Florida, May 16-19, 2023. Saxon Shirley. Thu, 08/04/2022 - 10:01.

Financial Inclusion 52

Financial Inclusion AI On-Demand Innovation 52

Fintech Finance

OCTOBER 29, 2024

To promote financial inclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. With a population of 32 million, Peru has become a significant player in the remittance landscape, receiving US$4,446 million in remittances in 2023.

Financial Inclusion 105

Financial Inclusion Cross-Border Economy Underserved 105

Fintech News

DECEMBER 10, 2023

With data gathered from over two million fraud attempts across 224 countries and territories, Sumsub’s Identity Fraud Report 2023 breaks down the changing yet pervasive outlook for identity scams this year. Additionally, the sector’s impressive growth is reflected in the 2023 Singapore Fintech Map, with 700 companies now featured.

FinTech 114

FinTech Cross-Border Cross-Border Payments Deepfake 114

Fintech News

MARCH 3, 2024

Platformification, modernisation, banking transformation, financial inclusion, digital innovation, composable journeys, and omnichannel experiences—these are not just objectives and aspirations, but the very fabric of the banking industry’s evolution.

Financial Inclusion 106

Financial Inclusion Participant Innovation Consulting 106

The Fintech Times

NOVEMBER 26, 2024

Cross-border payment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. per cent in 2024. per cent in 2024.

Cross-Border Payments 73

Cross-Border Payments Cross-Border Payment APIs and Integration Financial Inclusion 73

Fintech News

MAY 14, 2024

Asia Pacific recorded the highest digital payment transaction value in 2023, worth US$ 29,063 billion and accounting for 52% of the global total. With cards being the most popular payment method in the region, credit and debit cards are expected to generate the bulk of new sales over the 2023-2028 period.

Digital Payments 104

Digital Payments Debit Card APACS Credit Cards 104

M2P Fintech

AUGUST 25, 2023

billion transactions in July 2023, UPI has redefined the way people and businesses transact in India. Network inaccessibility keeps a large section of the population out of the ambit of digital payments and is a challenge to financial inclusion. Clocking a record high of 9.96 Want to leverage the power of offline payments?

Financial Inclusion 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

Fintech News

DECEMBER 20, 2023

Throughout 2023, JULO has focused on launching new products aimed at supporting Indonesia’s underbanked and unbanked populations. Nimish Dwivedi Nimish Dwivedi, Chief Business Officer of JULO Group said, “We aim to add a layer of insurance inclusion to financial inclusion.

Financial Inclusion 113

Financial Inclusion Social Security FinTech Finance 113

Fintech Finance

OCTOBER 29, 2024

from 2023 to 2030, the region’s payment landscape is set for substantial evolution. Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with tpay , the leading payment connector in the region.

Digital Payments 98

Digital Payments Financial Inclusion Payments Underserved 98

Fintech News

FEBRUARY 14, 2024

The collaboration between IFC and Thai Credit Bank not only aims to address these financial barriers but also intends to offer tailored non-financial services, including training and networking opportunities for WMSMEs.

Financial Inclusion 108

Financial Inclusion Non-Bank Underserved Finance 108

Fintech News

FEBRUARY 26, 2024

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 140

FinTech Consumer Financial Inclusion On-Demand 140