The Fintech Times

MARCH 8, 2024

For example, in Rwanda, I&M Bank (Rwanda) Plc. , the oldest bank in Rwanda and licensed by the Central Bank of Rwanda , and Network International (Network) have partnered to improve financial inclusion in the country.

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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.

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PYMNTS

SEPTEMBER 9, 2020

Mastercard has announced a new virtual testing platform for Central Bank Digital Currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation while maintaining financial stability as they issue the currency.

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Fintech Finance

SEPTEMBER 27, 2024

This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financial inclusion.

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Real Time Payments Financial Inclusion Central Bank International Payments 98

The Fintech Times

OCTOBER 25, 2024

The first event was the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI), a nonprofit organisation backed by India’s central bank and leading banks. The CBDC pilot programme now has over five million users and includes participation from 16 banks.

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Digital Payments FinTech Online and Mobile Banking Financial Inclusion 58

The Fintech Times

AUGUST 8, 2024

Ziina , a UAE-based financial platform supporting consumers and entrepreneurs, has secured the Stored Value Facility (SVF) licence from the UAE Central Bank , enabling it to expand its range of financial services.

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Central Bank Security Financial Inclusion Economy 58

Fintech Finance

OCTOBER 23, 2024

In line with Saudi Vision 2030, the project has been launched to build stronger payment platforms and ecosystem, drive digital transformation, and strengthen the national economy through locally relevant technology.

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Visa Digital Payments Gateways Technology 97

PYMNTS

JANUARY 6, 2021

In Mexico, the pandemic is moving the needle toward digital payments — specifically mobile payments — to become more widely embraced by businesses and consumers alike. There are some key differences in place between CoDi and what might be seen elsewhere.

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Central Bank Financial Inclusion Wire Transfer Payments 145

Fintech Finance

OCTOBER 22, 2024

Arab Financial Services (AFS) , a pioneering digital payments solutions provider and fintech enabler in the Middle East and Africa, has raised $50 million in capital. The additional capital will enable AFS to expand its operations, enhance its product offerings, and drive innovation in the digital payments landscape.

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Security Financial Inclusion Central Bank Acquirers 98

Fintech Finance

APRIL 16, 2024

E6 will power Loop’s cards, wallets and instant payment solutions to fulfill Loop’s strategic goal to become a digital financial services enabler. The Kingdom is bolstering from a growing digital payments scene, recently reaching a market share of 62%, only eight points below its 2025 target of 70%.

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Fintech Finance

NOVEMBER 18, 2024

The CaaS model will provide banks, non-financial institutions, universities and fintechs with a comprehensive suite of digital payments services. The post Mastercard Collaborates with eNovate to Modernize Payment Platforms in Egypt appeared first on FF News | Fintech Finance.

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Visa Non-Bank Payments Financial Inclusion 104

The Fintech Times

NOVEMBER 16, 2024

Armenia Population: +2,967,000 Capital, financial hub and largest city: Yerevan Gross domestic product (GDP) per capita: +$8,500 Access to a formal financial account (adults): 52.3 per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population.

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FinTech Central Bank Financial Literacy Online and Mobile Banking 68

Fintech Finance

MAY 23, 2024

Temenos (SIX: TEMN) today announced that ZainCash , a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.

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Digital Payments FinTech Financial Inclusion Payment APIs and Integration 52

The Fintech Times

JULY 5, 2024

Security technology company Giesecke+Devrient (G+D) has launched a new token-based payment solution, ‘G+D Filia Unplugged’, enabling secure offline payment transactions. “Offline payments are the missing link in the digital payment sphere.

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Digital Payments Transactions Online and Mobile Banking CBDC 52

The Fintech Times

OCTOBER 23, 2024

According to the World Bank , the country has a gross domestic product per capita of around $2,389 – while its economy is reliant on energy resources in the Timor Sea. Tackling these challenges Despite these challenges, the fintech industry could certainly play a role in improving financial inclusion for citizens of Timor-Leste.

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Financial Inclusion FinTech Credit Union Financial Literacy 100

The Paypers

JULY 19, 2022

The Central Bank of Nigeria (CBN) has granted an Approval In Principle (AIP) licence to RoutePay Fintech to provide digital payment products and services in Nigeria, to ensure financial inclusion.

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Central Bank Financial Inclusion Digital Payments FinTech 31

The Fintech Times

MAY 29, 2024

The idea that digital assets are exclusively some form of currency has been slowly dispelled, as new use cases emerge and are rapidly adopted across the globe. But digital currencies are far from irrelevant. By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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Digital Currency CBDC Cross-Border Payments Cross-Border 110

Fintech Finance

JANUARY 15, 2024

The partnership builds on stc pay and Mastercard’s shared commitment to advancing Bahrain’s digital payment landscape by simplifying card transactions and providing a seamless, secure, and efficient payment journey. For more information, please visit here or call 124.

Visa 52

Visa Digital Payments Financial Inclusion Payments 52

PYMNTS

JULY 26, 2020

India has embraced its model for digital payments so much that it intends to take it global. Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp. UPI was established by the central bank and is owned by a group of local lenders.

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Volume Transactions Digital Payments Online and Mobile Banking 123

Fintech Finance

NOVEMBER 13, 2024

We will continue to empower more businesses and enhance the digital payment ecosystem across regions, driving value and growth for clients around the world. ” Furthermore, as the first Asian fintech company to secure the UAE’s payment license, PayerMax is strengthening its presence and expanding operations across the Middle East.

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Payment Solutions Payments Value Added Service Financial Inclusion 98

The Fintech Times

MAY 23, 2024

UAE-based Comera Pay, the fintech arm of Comera Financial Holding, has received preliminary approval from the Central Bank of the UAE to operate under two key financial licences. This means Comera Pay can now launch payment solutions that provide simpler, more secure transactions for merchants and consumers.

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Fintech Finance

DECEMBER 20, 2023

The solution will empower businesses to accept card payments easily and cost effectively, using “tap on phone”, “QR Pay by link” and “Payment link” on their smart phones. As we navigate the evolving landscape of payments in Nigeria, Mastercard is proud to launch its contactless payment solutions.

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Digital Payments Contactless Payments Visa Payments 52

Fintech Finance

DECEMBER 8, 2023

Consumer behavior changed during the Covid-19 pandemic, and people now prefer digital payments.” ” According to ACI Worldwide, instant payments in Latin America should grow from 33bi transactions in 2022 to 323.8bi in 2027. “Payments are the backbone of digital growth,” says Paula Bellizia.

Digital Payments 52

Digital Payments Instant Payments Cross-Border Payments Cross-Border 52

Fintech Finance

APRIL 18, 2024

Fime has been selected by Al Etihad Payments , a subsidiary of the Central Bank of the UAE, to play a key role in the establishment of the UAE’s domestic card payment scheme, named Jaywan.

Financial Inclusion 52

Financial Inclusion Central Bank Consulting Issuers 52

The Fintech Times

NOVEMBER 14, 2024

In 2022, Tajikistan launched a National Financial Inclusion Strategy to facilitate access to financial services for individuals and small businesses. Furthermore, in an attempt to make financial services more accessible, at least one neobank has been created in the country: Alif.

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FinTech Online and Mobile Banking Financial Inclusion Central Bank 71

Fintech News

JULY 3, 2024

According to the project report containing conclusions and key learnings recently released by the Bank for International Settlements Innovation Hub (BISIH) Singapore Centre, there is a sizeable flow of intra- and extra-ASEAN payments that could be processed through Nexus. trillion by 2025. Nexus Scheme Organisation (NSO) structure.

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Cross-Border Payments Cross-Border Instant Payments Central Bank 109

PYMNTS

SEPTEMBER 15, 2020

Last week, Mastercard announced its virtual testing platform for central bank digital currencies (CBDCs). The testing tool comes as the global economy embraces digital payments and central banks investigate how to support innovation and maintain financial stability as they issue the currency.

Credit Cards 56

Credit Cards Digital Payments Central Bank Online and Mobile Banking 56

Fintech News

DECEMBER 11, 2023

SC Ventures, the innovation, fintech investment, and ventures arm of Standard Chartered, and Giesecke+Devrient (G+D) successfully completed a proof-of-concept (PoC) on the Universal Digital Payments Network (UDPN). Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system.

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CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 105

PYMNTS

DECEMBER 2, 2019

The Central Bank of Sri Lanka has a call out for tech companies that can help it develop a blockchain-based know-your-customer (KYC) platform. The bank made the announcement on its website on Nov. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector.

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Central Bank Blockchain Financial Inclusion Use Case 53

Fintech Finance

FEBRUARY 8, 2024

The collaboration marks a significant step towards fostering sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt. The collaboration with Mastercard represents an important juncture in the development of Egypt’s payments ecosystem.

Visa 52

Visa Economy Central Bank Digital Payments 52

Fintech Finance

FEBRUARY 6, 2024

“NCHL is at the forefront of transforming the digital payments landscape in Nepal, and ACI is proud to support NCHL with cutting-edge technologies to supercharge this transformation,” said Thomas Warsop, President and CEO of ACI Worldwide. billion people.

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Interoperability Real Time Payments Non-Bank Financial Inclusion 64

The Fintech Times

NOVEMBER 4, 2024

The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards. Currently, the country hosts 10 Payment System Operators (PSO) and 27 Payment Service Providers (PSP). billion ($570million) in 2022 to Rs 20.77

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Continuity FinTech Payment Service Provider (PSP) Mobile Banking 58

Fintech Finance

MAY 23, 2024

Comera Pay, the fintech subsidiary of Comera Financial Holding , headquartered in Abu Dhabi, UAE, today announced that it was granted an In-Principle Approval from the Central Bank of the UAE to operate under the Stored Value Facilitator (SVF) and Retail Payment System Clearing Service (RPSCS) licenses.

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Fintech Finance

FEBRUARY 12, 2024

Visa , a world leader in digital payments, announced the signing of a Memorandum of Understanding (MoU) with Egyptian Banks Co. for Technological Advancements (EBC), the operator and developer of national payment networks and ecosystems, in collaboration with the Central Bank of Egypt (CBE).

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Facilitators Cross-Border Instant Payments Central Bank 52

Fintech Finance

DECEMBER 14, 2023

NymCard , a leading embedded finance services provider, today announced a strategic partnership with CWallet , an award-winning fintech startup with Payment Service Provider (PSP) licensed from the Qatar Central Bank. “These cards will help us further our goal of accessible financial services for all in Qatar.”

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Payment Service Provider (PSP) Embedded Finance Financial Literacy Financial Inclusion 52

The Fintech Times

OCTOBER 4, 2024

“India has recently achieved unprecedented levels of financial inclusion and is actively promoting the adoption and growth of the online sector,” explains Rashmi Satpute , country director of India at EBANX. “The forecast for consumer spending will be felt in digital commerce as well, in all verticals.”

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Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

The Fintech Times

JUNE 18, 2024

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. This success is now drawing attention in Latin America and further afield.

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Payments Financial Inclusion Online and Mobile Banking Central Bank 63