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

Fintech Finance

JULY 4, 2024

The introduction of a token-based solution such as G+D Filia® Unplugged not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 With Filia® Unplugged, we are helping to bridge this gap,” explains Dr. Raoul Herborg, Managing Director Central Bank Digital Currency at G+D.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

Fintech Finance

NOVEMBER 21, 2024

Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries. Together, we are equipping Africa with the tools to embrace blockchain-powered tokenisation and drive sustainable development.” by 2024.

Payment Networks 98

Payment Networks Digital Payments Stablecoins Digital Currency 98

Open Banking Excellence

JULY 1, 2024

This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. Location, location, location!

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

The Fintech Times

OCTOBER 3, 2024

According to the Asian Development Bank (ADB), the country’s economy is dominated by agriculture and capital-intensive extractions of gold, oil, copper and silver. Access to finance There are four major commercial banks operating in the country, however, the Bank of South Pacific is by far and away the most dominant in the market.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

Fintech Finance

MARCH 5, 2024

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The Central Bank of Jordan will benefit from Mastercard’s global expertise to accelerate economic and payments digitization and improve acceptance.

Central Bank 52

Central Bank Visa Digital Payments Financial Inclusion 52

Fintech Finance

FEBRUARY 2, 2024

Network International (Network), the leading enabler of digital commerce across the Middle East and Africa (MEA) region, has announced that it has obtained a Major Payment Institution (Major PI) licence from the Saudi Central Bank (SAMA) that will strengthen the acquirer’s foothold in the Kingdom.

Central Bank 52

Central Bank Payments Financial Inclusion Payment Networks 52

Fintech Finance

OCTOBER 22, 2024

Moreover, the newly launched AFS Open Banking hub is driving financial inclusion and innovation in the region. The post Arab Financial Services Secures $50 Million Capital Injection appeared first on FF News | Fintech Finance. With offices and data centers in Bahrain, Egypt, Oman, and the UAE.

Security 98

Security Financial Inclusion Central Bank Acquirers 98

The Fintech Times

OCTOBER 10, 2024

Access to finance The PICs mobile penetration rates is incredibly low at only 47 per cent. There is room for optimism Time for change There have been various government initiatives across the region to help bring about greater financial inclusion. This is considerably higher than its neighbours.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

Fintech Finance

AUGUST 27, 2024

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. The post ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico appeared first on FF News | Fintech Finance.

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

The Fintech Times

SEPTEMBER 19, 2024

The Thai banking sector could have a new key player in the first half of 2025 as Lighthub Asset , a Thai fintech and WeLab , a pan-Asian fintech platform submit an application for a virtual banking licence with the Bank of Thailand. It will provide localised digital banking services to everyone, including the underserved.

Financial Inclusion 59

Financial Inclusion Underserved Interoperability Multi-Currency 59

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.

Central Bank 59

Central Bank Security Financial Inclusion Economy 59

Fintech News

JULY 3, 2024

This includes provisions for anti-money laundering (AML) and countering the financing of terrorism (CFT) measures, as well as accommodating different foreign exchange regulations across participating countries. To this end, the project team is continuing to engage with central banks and payment system operators across the world.

Cross-Border Payments 116

Cross-Border Payments Cross-Border Instant Payments Central Bank 116

Finovate

DECEMBER 22, 2023

Philippines-based Bangko Sentral ng Pilipinas (BSP) announced regulatory changes to support green and sustainable financing. EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana.

Financial Inclusion 64

Financial Inclusion Automation AI Financial Crimes 64

Fintech News

MARCH 5, 2024

1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

Embedded Finance 105

Embedded Finance APACS Financial Inclusion CBDC 105

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.

Financial Inclusion 101

Financial Inclusion FinTech Credit Union Financial Literacy 101

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.

Central Bank 53

Central Bank Blockchain Financial Inclusion Use Case 53

Fintech News

AUGUST 12, 2024

These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. This collaboration allows financial institutions to access to new customer segments, leading to increased customer acquisitions and improved engagements. billion by then.

Embedded Finance 113

Embedded Finance FinTech Non-Bank Cross-Border 113

Fintech Finance

DECEMBER 9, 2024

Qatar Islamic Bank (QIB), Qatars leading digital bank, has signed a Memorandum of Understanding (MoU) with PayLater , a Qatari fintech company specializing in Buy Now, Pay Later (BNPL) solutions. The post QIB Partners With PayLater to Introduce Sharia-Compliant BNPL Solutions in Qatar appeared first on FF News | Fintech Finance.

BNPL 52

BNPL Financial Inclusion Central Bank FinTech 52

Fintech Finance

FEBRUARY 28, 2024

We are confident that the extension of our partnership with Kuvasz Solutions will support the rapid adoption of the new scheme by banks, fintechs and merchants in Colombia,” commented Leonardo Escobar, head of Latin America, ACI Worldwide. “It

Real Time Payments 81

Real Time Payments Financial Inclusion Central Bank Payments 81

Fintech Finance

APRIL 16, 2024

Loop, licensed by the Saudi Central Bank (SAMA), is specialized in digital payments technology and services that provide a seamless and frictionless financial experience for individuals and businesses in KSA.

Financial Inclusion 52

Financial Inclusion FinTech Instant Payments Digital Payments 52

Fintech Finance

SEPTEMBER 24, 2024

BancNet is the Clearing Switch Operator (CSO) for InstaPay, and has been authorized by the central bank as an Operator of a Designated Payment System (ODPS), with InstaPay being a Prominently Important Payment System (PIPS).

Instant Payments 95

Instant Payments ISO 20022 ISOs Financial Inclusion 95

The Fintech Times

NOVEMBER 19, 2024

Tarabut , the MENA region’s regulated open banking platform, is joining forces with Geidea , the Saudi-based payments solutions provider, to develop tailored SME financing solutions, subject to regulatory approvals. million businesses in Saudi Arabia, and face a financing gap of over SAR300billion (~$80billion).

Finance 64

Finance Point-of-Sale (POS) Financial Inclusion Underserved 64

Fintech Finance

NOVEMBER 13, 2024

PayerMax , a leading global provider of payment solutions, has been named Best Payments Solutions Provider of 2024 by MEA Finance magazine at an award ceremony hosted on November 12 in Dubai. The post PayerMax Named “Best Payments Solutions Provider”, Strengthens Middle East Presence appeared first on FF News | Fintech Finance.

Payment Solutions 98

Payment Solutions Payments Value Added Service Financial Inclusion 98

Fintech Finance

NOVEMBER 18, 2024

Our collaboration with Mastercard will enable businesses to leverage the latest financial regulations endorsed by the Central Bank of Egypt and the Financial Regulatory Authority, enhance offered digital financial services and promote new products aimed at driving financial inclusion and digital transformation across Egypt.”

Visa 105

Visa Non-Bank Payments Financial Inclusion 105

PYMNTS

SEPTEMBER 15, 2020

Central bank digital coins on the Continent – but plenty of room for cash. In Berlin, where last week saw a two-day meeting of financial officials from Europe, central bankers discussed digital payments and the confines of digital, national currencies.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

Fintech News

MARCH 5, 2024

1 Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration Money20/20 Asia will kick off with a notable keynote presentation by Daranee Saeju, Assistant Governor at the Bank of Thailand, the focus will be on the bank’s innovative efforts in digital finance.

Embedded Finance 92

Embedded Finance APACS Financial Inclusion CBDC 92

The Fintech Times

NOVEMBER 9, 2024

Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. It was also exploring the idea of public input on the prospect and thoughts on open banking. Could fintech be the catalyst it needs to see a revival?

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

The Fintech Times

JANUARY 31, 2024

Regional open banking and financial innovation firm, Fintech Galaxy , has launched its ‘FINX Comply’ open banking compliance services in the UAE. Aligning with UAE open banking plans The UAE recently announced its plans to embrace open finance to increase competition, improve customer experience, and lower costs.

Compliance 69

Compliance FinTech Central Bank API 69

The Fintech Times

APRIL 27, 2024

Establishing global standards for the open finance sector in the UAE is one of the nine initiatives within the Central Bank of the UAE ‘s ( CBUAE) Financial Infrastructure Transformation (FIT) Programme. This will enable a single secure connection to access the whole of the banking and insurance markets.

Finance 59

Finance Financial Crimes Crime Consumer Protection 59

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.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

Fintech Finance

JANUARY 11, 2024

The report underscores the increasing pace of change in cross-border payments, mentioning key developments such as SWIFT’s gpi, the global rollout of the ISO 20022 standard, the exploration of Distributed Ledger Technologies, the use of APIs, and the rise of Central Bank Digital Currencies. The post U.S.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech Finance

OCTOBER 23, 2024

With investments in resilient financial systems infrastructure, diverse fintech solutions, local and regional partnerships, and dedication to building financial inclusion, Mastercard is shaping the future of digital payments in Saudi Arabia.

Visa 97

Visa Digital Payments Gateways Technology 97

The Fintech Times

NOVEMBER 5, 2024

Whizpay Technology was granted the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licences to launch the app from the Central Bank of the UAE. With these features, Whizpay Technology is empowering the UAE’s financial landscape with reliable money solutions for all.

Finance 64

Finance B2C Financial Inclusion Non-Bank 64

Fintech News

JANUARY 30, 2024

Super apps with embedded finance capabilities have been one of the dominant payments across Asia even before 2024. The integration of instant payments into daily financial activities signifies a broader shift in consumer preferences and behaviours, reflecting a demand for quicker and more convenient transaction methods.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

Fintech News

APRIL 16, 2024

Fintech Thailand is poised for significant growth and development in areas including digital banking, open finance, and startup support. With cashless payment becoming ubiquitous, the Bank of Thailand (BOT) is now paving the way for open finance, aiming to enhance consumer access to financial services.

FinTech 120

FinTech Bots Central Bank Innovation 120

Fintech News

APRIL 28, 2024

Cutting-edge technology, inclusive finance among the main topics Money20/20 Asia 2024 spanned three days of insightful sessions, discussions, and keynote addresses focusing on various aspects of fintech and finance. Let’s take a closer look at some of the highlights from the event.

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117