The Fintech Times

OCTOBER 3, 2024

To make sure more people have access to these services, the government of Papua New Guinea has been putting a focus on financial inclusion. It was established to act as the industry’s apex organisation for coordinating, advocating and monitoring all financial inclusion activities in the country.

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Fintech News

JULY 4, 2024

As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for central banks worldwide are quickly emerging.

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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.

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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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The Fintech Times

MARCH 8, 2024

Many firms in developing regions are looking towards technology as a way of advancing their financial marketplaces. 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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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. In a Wednesday (Sept.

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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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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.

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PYMNTS

DECEMBER 1, 2019

In an effort to expand access to financial institutions (FIs), the Central Bank of Nigeria is planning to license more payment providers, Bloomberg reported on Saturday (Nov. The goal is to improve Nigeria’s financial inclusion rate by 20 percent, bringing it to 80 percent by the end of 2020.

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PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. Central banks around the globe are in the process of actively developing, or at least mulling, the issuance of digital fiat, directly into digital wallets (the U.S.

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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.

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The Fintech Times

JULY 2, 2024

Aani, operated by Al Etihad Payments , has become a crucial part of the Central Bank of the UAE’s National Payment Systems Strategy (NPSS), which aims to create a digitised, cashless economy in the UAE. Mashreq led the first stage of Aani’s implementation alongside seven other UAE-based financial institutions. .”

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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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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.

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Finovate

DECEMBER 22, 2023

EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana. African fintech Bloc launched its business banking solution this week. Mexico’s Banorte announced plans to launch its digital banking product , Banco Bineo in January.

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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.

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The Fintech Times

MAY 29, 2024

Cryptocurrencies, central bank digital currencies (CBDCs) and stablecoins remain prominent and continue to see innovation worldwide; particularly in the Middle East and Africa (MEA). By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

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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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PYMNTS

NOVEMBER 14, 2018

IMF head Christine Lagarde called on central banks to seriously consider issuing digital currency to fill the gap left by the declining use of cash. Lagarde said by embracing digital currencies central banks can supply money to the digital economy. reported the Financial Times.

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Fintech Finance

OCTOBER 22, 2024

Moreover, the newly launched AFS Open Banking hub is driving financial inclusion and innovation in the region. AFS’s commitment to innovation is evident in its development of advanced digital solutions, such as AFS Pay and AFS One, which caters to a diverse range of merchant segments.

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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.

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The Fintech Times

SEPTEMBER 12, 2024

Kicking off proceedings in the morning on the main stage, Thomas Courtois , CEO of Nickel , the France-based neobank, highlighted the importance of financial inclusion in a modern economy. Courtois first explained that recent trends were positive: “Generally, we can say that financial inclusion has risen during the last year.

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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). Our goal is to support BancNet to bring its members into the ecosystem quickly and efficiently.

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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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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. In addition to Comera Pay, the company offers Comera, aVoIP c ommunications app delivering voice, video and messaging capabilities.

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The Fintech Times

SEPTEMBER 9, 2024

Previously hosted by major institutions like the Federal Reserve, Deutsche Bundesbank and the European Central Bank, the workshop has become a central platform for discussions on cutting-edge financial innovations. The event will also explore emerging issues such as consumer protection in the age of generative AI.

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The Paypers

JANUARY 30, 2023

The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have launched a national payment card aimed at boosting financial inclusion in the region.

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The Fintech Times

JULY 18, 2024

After successfully raising $14million in 2023, myZoi , a UAE-based fintech focused on financial inclusion and financial literacy for the underbanked, has launched its first inclusive digital wallet. myZoi seeks to support six out of 17 UN’s Sustainable Development Goals.”

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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

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PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. In the past four years, 86 percent of central banks have been actively doing some kind of work on CBDCs, according to BIS.

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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.

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Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. Meanwhile, the the direct model is where central banks manage wallets and settlements within a centralised CBDC system. The PoC explored two models.

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The Fintech Times

SEPTEMBER 21, 2024

The introduction of SNPL is part of Astra Tech’s broader goal to increase financial inclusion in the region. SNPL is expected to ease this process for the UAE’s expatriate community.

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Fintech Finance

APRIL 12, 2024

In Kenya, the Central Bank of Kenya reported $5.77 Cross border remittances unlock financial inclusion by empowering individuals to access formal financial services, ultimately fostering economic growth and stability in the region. .” billion worth of foreign currency inflows in 2022.

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Open Banking Excellence

JULY 1, 2024

With the UK government continuing to support the UK’s broader fintech environment and promote open banking innovation, Open Banking in a Box will champion the UK’s world-leading open banking standards and make the case for greater cross-border interoperability that will benefit UK PLC and support financial inclusion globally.

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Clearly Payments

JANUARY 4, 2024

Unlike traditional currencies issued by governments and central banks, cryptocurrencies are typically based on blockchain technology, a distributed ledger that records all transactions across a network of computers. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

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Fintech Finance

DECEMBER 13, 2023

The Central Bank of Colombia, Banco de la República , today announced it is partnering with ACI Worldwide (NASDAQ: ACIW), the global leader in mission-critical, real-time payments software , to build a new domestic real-time payments ecosystem as part of a nationwide banking transformation project.

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