Remove APACS Remove Financial Inclusion Remove Real Time Payments
article thumbnail

Most Successful Real-Time Payments Regions Are APAC and MEA Finds ACI Worldwide and GlobalData

The Fintech Times

ACI Worldwide , the payments system company, and GlobalData , the data and analytics firm have worked together on a new report revealing which real-time payments markets across the world are the most successful. The report is aptly timed as global real-time payments growth has reached sustainable levels with 266.2

article thumbnail

5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking. Across Latin America, a staggering 70% of the population is either unbanked or underbanked, with limited access to credit and basic financial services.

APACS 124
article thumbnail

Global Real-Time Payments Growth “Sustainable” as New Use Cases Push Transactions to Record Highs – ACI Worldwide Report

Fintech Finance

Global real-time payments growth has reached sustainable levels with 266.2 billion real-time payments transactions recorded in 2023—a year-over-year (YoY) growth of 42.2%—according billion real-time transactions are forecast by 2028, representing a 2023-2028 compound annual growth rate (CAGR) of 16.7%.

article thumbnail

Are APAC Businesses Ready? Assessing Digital Preparedness in Finance

Fintech News

In an era marked by rapid technological evolution, the finance function within businesses stands at the forefront of digital transformation in the Asia Pacific (APAC). Digital transformation in APAC This digital acceleration suggests a future where AI and automation streamline operations and unlock new avenues for innovation and growth.

APACS 102
article thumbnail

Addressing the Silent Crisis of Failed Payments

Fintech News

LexisNexis Risk Solutions offers advanced fraud prevention solutions that enable financial institutions and businesses to safeguard their payment processes while maintaining a seamless customer experience. The immediacy of instant payments demands precision and validation.

article thumbnail

Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024

Fintech News

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

article thumbnail

Here Are the Top 10 Must-Attend Sessions at Money20/20 Asia 2024

Fintech News

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?