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Uzum Partners With Mastercard to Boost Financial Literacy in Uzbekistan

Fintech Finance

Uzum , the leading fintech and e-commerce ecosystem in Uzbekistan, has partnered with Mastercard on an education project to improve financial literacy in Central Asia’s most populous country. Free online courses help users understand the intricacies of using bank cards and teach them how to identify fraudulent schemes.

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Uzum Launches New Education Initiative With Mastercard to Improve Financial Literacy in Uzbekistan

The Fintech Times

Uzum , the fintech and e-commerce ecosystem in Uzbekistan, is joining forces with payments giant Mastercard to launch a new education project to improve financial literacy across the country. Free online courses help users understand the intricacies of using bank cards and teach them how to identify fraudulent schemes.

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A Merchant Guide For Buy-Now-Pay-Later (BNPL) Payments

Clearly Payments

One solution that has gained traction is Buy-Now-Pay-Later (BNPL). BNPL services allow consumers to make purchases and defer payment, often breaking it down into smaller, more manageable installments. How BNPL Works for Merchants BNPL services enable consumers to make purchases without paying the full amount upfront.

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Majority of UAE Residents Confident in Finances, Visa Finds Knowledge Gaps

The Fintech Times

Most consumers in the UAE are confident in managing their finances, although gaps in financial knowledge persist, according to Visa ‘s 2024 Financial Literacy Survey. Currently, 16 per cent have an active buy now, pay later (BNPL) plan or have converted credit card purchases into instalments.

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‘One can’t just live in the deposit and debit space, Gen Z will need access to credit at some point in their lives’: Mastercard’s Bunita Sawhney on Gen Z’s debit-to-credit transition

Tearsheet

Zoomer’s penchant for debit cards Given the ubiquitous acceptance of debit cards as one of the largest payment vehicles, Gen Z also leans toward this preference, with over two-thirds (69%) reporting daily or weekly usage. In contrast, only 39% of Gen Zers frequently use credit cards, compared to 51% among older generations.

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Marqeta Research finds British Women Adopting Next Generation of Financial Services More Quickly than Men

Fintech Finance

Women are more likely than men to be embracing new digital financial services such as mobile wallets and Buy Now, Pay Later (BNPL) according to new Marqeta research. The research highlights trends in men and women’s ability to access, use and benefit from new financial services offerings in the United Kingdom.

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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. Its products include the Akulaku virtual credit card and e-commerce platform, the Asetku online wealth management platform, and Bank Neo Commerce, a digital and open banking platform.

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