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Financialinclusion opportunities for Southeast Asia’s fintechs The report, released in December, explores the driving factors and key trends in Southeast Asias fintech market, highlighting Southeast Asias robust fundamentals which have been propelled the fintech sectors rapid growth. billion underbanked adults.
ZORRZ , the pioneering fintech driving financialinclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. “We are delighted that ZORRZ has chosen to partner with CLOWD9! .
As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financialinclusion across the globe. BaaS means these businesses can focus on what makes them unique and inclusive.”
Curve Flex, an instalment-linked revolving credit line, will now have transactions reported in real-time through Infact’s API-based system – uniquely suited to represent Credit Card and BNPL activity accurately.
Take Buy Now, Pay Later (BNPL) services as an example. But it’s not just about BNPL. Financialinclusion will remain a key focus. As embedded finance becomes more sophisticated, it will likely expand its reach to underserved populations across Asia and beyond, enabling greater economic participation.
Qist Bazaar , Pakistan’s leading Buy Now Pay Later (BNPL) fintech startup, announced today that it has secured US$3.2 Qist Bazaar, licensed by the Securities and Exchange Commission of Pakistan (SECP) as a Non-bank Financial Company (NBFC), provides installment-based payment solutions to unbanked and underbanked segments of the population.
Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC.
million active customers and more than 79,000 merchants across the United States, Australia and New Zealand,1 Zip continues to promote financialinclusion by making everyday spending, cash flow management, budgeting – and the ability to cover unexpected expenses – accessible.
The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financialinclusion forward. This transformation will enable low-cost access to financial systems, empowering underserved communities and fostering inclusion.
Kueski , the buy now, pay later (BNPL) and online consumer lender in Latin America, has launched an in-store version of Kueski Pay, which will become available to all consumers by the end of Q2 of 2024, to offer them the ability to complete transactions through the Kueski mobile app, regardless of internet connection, in physical stores.
Attendees can expect to gain a clearer understanding of the realities of the BNPL industry, insights into the strategies BNPL providers employ to build trust, drive responsible growth, and navigate regulatory changes. Moderating the session will be Tristan Chiappini, VP APAC and Managing Director at PPRO.
Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In 2023, BNPL arrangements represented 4% of e-commerce transaction value, a significant increase from the mere 1% in 2020. Digital inclusion may also help MSMEs achieve sustainability.
For payments firms, the intersection of payments and credit is becoming a competitive battleground, especially as BNPL and embedded lending scale. In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations.
Whether its purchasing travel insurance during flight bookings or accessing micro-loans while shopping online, embedded finance simplifies financial interactions. Beyond offering convenience, super apps also play a crucial role in addressing financialinclusion challenges.
. “This is a significant milestone for Ascend Money, which not only validates our commitment to innovation and financialinclusion in Thailand but also demonstrates a growing interest and confidence in Ascend Money’s potential,” said Ascend Money Founder and Chairman Suphachai Chearavanont.
The company utilizes data analytics and machine learning (ML) algorithms to conduct comprehensive credit assessments of SMEs, considering financial metrics, transactional dynamics, performance monitoring, and industry risks. Atome Financial (Singapore) Founded in 2019, Atome Financial is a digital financial services platform.
Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy.
“Regulatory frameworks are being adjusted to support fintech innovations and foster a conducive environment for financial technology growth. .” They also tend to be micro and nano lenders, which cater to the lower-income segments who are most in need of financialinclusion. appeared first on The Fintech Times.
Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. Our platform leverages alternate data sources, enhanced digital journeys, and real-time decisioning to drive responsible growth in the financial sector. million consumers and MSMEs through the platform.
Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financialunderserved demographics. Founded in 2018, Ajaib is an online wealth management solution that allows users to buy and sell financial products including stocks, exchange traded funds (ETFs), and mutual funds.
Our approach is tailored to the needs of underserved markets and clients. That’s why we are using our technology and strategy to increase people’s financialinclusion in the digital economy. Initially, we targeted the travel industry and digital nomads, with the name TravelUnion reflecting that focus.
“Fintechs have the potential to offer broad social benefits to the markets they operate in — particularly when it comes to providing financial services to those who have traditionally been underserved.
They provide streamlined, technology-driven financial services. One of the growing trends, neobanks target underserved segments, including small businesses and freelancers. The Growth of Embedded Finance Embedded finance integrates financial services into non-financial platforms.
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