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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Fintech News

DECEMBER 5, 2024

Thai regulators approved the first cross-border payment solution using stablecoins in October, while the Philippine central bank launched a peso stablecoin pilot earlier this year. Pollak emphasized that stablecoins aim to modernize legacy financial systems rather than replace national currencies.

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Stablecoins Cross-Border Payments Cross-Border Blockchain 135

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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Central Bank Financial Inclusion Wire Transfer Payments 145

The Fintech Times

SEPTEMBER 27, 2024

Recognising the need for financial inclusion, the government, in collaboration with the UK-funded DaNa Facility and the United Nations Capital Development Fund (UNCDF) , launched the Financial Inclusion Roadmap in 2013. However, it is unclear whether this program remains active today.

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Financial Inclusion FinTech Underserved Central Bank 102

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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Financial Inclusion Central Bank FinTech Mobile Banking 101

Clearly Payments

AUGUST 29, 2024

Central Bank Digital Currencies (CBDCs) have received attention in recent years as central banks worldwide explore the potential to evolve the way we conduct financial transactions. Europe : The European Central Bank (ECB) is actively working on a digital euro. What Are CBDCs?

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Central Bank Digital Currency CBDC Cross-Border Payments 105

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

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Instant Payments Settlement Payments Central Bank 90

Fintech Finance

SEPTEMBER 10, 2024

Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help central banks streamline, connect and modernize their processes and operations. Terms of the investment were not disclosed.

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Central Bank Digital Currency CBDC Financial Inclusion 98

Fintech News

NOVEMBER 27, 2024

The platform is expanding its presence across the Americas, EMEA, and Asia, collaborating with banks, central banks, and fintech firms to drive adoption.

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Cross-Border SARS Multi-Currency Correspondent Bank 114

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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Central Bank AI Correspondent Bank Correspondent 102

The Payments Association

SEPTEMBER 10, 2024

Central bank digital currencies (CBDCs) are exciting many in the digital assets world, but what can these mean for those who are less engaged and on the fringes of financial services altogether? Read more

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Financial Inclusion Digital Currency Central Bank 88

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 69

Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

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.

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BNPL Financial Inclusion Central Bank Economy 52

The Fintech Times

MARCH 4, 2025

The use of keys and QR codes make the technology accessible to unbanked people and businesses while it adheres to the highest security standards, promoting innovation, financial inclusion and minimising fraud. How is Bre-B building on the success of Pix in LatAm to accelerate financial inclusion?

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Real Time Payments Financial Inclusion Cross-Border Central Bank 64

Clearly Payments

OCTOBER 31, 2024

America Biometric Payments 2 Global, especially mobile-first markets Cash Payments 5 Emerging Markets, some developed regions Central Bank Digital Currencies (CBDCs) 1 Asia, Caribbean Credit Cards Overview : Credit cards allow consumers to make purchases on credit, paying later and often with interest.

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Online and Mobile Banking RTP BNPL Debit Card 98

PYMNTS

SEPTEMBER 8, 2020

The race toward central bank digital currencies (CBDCs) is tightening, with Brazil reportedly looking to launch one by 2022 in a bid to help digitize payments. Roberto Campos Neto, president of Brazil’s central bank, said his country’s new digital currency will work in concert with its new instant-payments system. “To

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Digital Currency Central Bank CBDC Instant Payments 87

The Fintech Times

SEPTEMBER 22, 2024

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia has also ventured into central bank digital currencies (CBDCs).

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Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

The Fintech Times

FEBRUARY 4, 2025

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. However, Senegal remains a developing economy with significant challenges in financial inclusion , particularly in rural areas.

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FinTech Financial Inclusion Online and Mobile Banking Central Bank 59

The Fintech Times

SEPTEMBER 24, 2024

The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financial inclusion and economic growth. In the formal financial sector, key developments included Banque Pour Le Commerce Exterieur Lao (BCEL) launching a mobile application to facilitate payments and transactions for cardholders.

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Financial Inclusion Digital Payments Cross-Border Central Bank 64

The Fintech Times

MAY 27, 2024

ZainCash Iraq , a payment service provider and subsidiary of March Holding , has implemented Temenos’ core banking and payments platform to drive the growth and innovation of its digital payment services. The post ZainCash Adopts Temenos Technology to Expand Financial Inclusion in Iraq appeared first on The Fintech Times.

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Financial Inclusion Payment APIs and Integration Technology Central Bank 59

The Fintech Times

MARCH 27, 2025

Financial inclusion and access to credit continue to be a hurdle for businesses especially SMEs and individuals in Nigeria. Moniepoints success in broadening access to the financial system has resulted in millions of businesses accessing the system for the first time. Widening financial inclusion creates a snowball effect.

FinTech 59

FinTech Financial Inclusion Cross-Border Payments Online and Mobile Banking 59

The Payments Association

NOVEMBER 27, 2024

The Central Bank of Bahrain (CBB) has updated its open banking framework, mandating all licensed banks to expose APIs for corporate accounts. The amendments also require obtaining customer consent and authentication, licensee disclosures, and reporting API performance by service providers.

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Third-Party Service Provider API Legal Financial Inclusion 88

The Fintech Times

MARCH 8, 2025

Bahaa El-Shafie , deputy CEO of Banque du Caire, says the launch of the remittance service comes as the bank aims to increase the volume of remittances from Egyptians abroad, in line with the Central Bank of Egypt s directives to merge informal remittances under the umbrella of the banking sector.

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Cross-Border Payments Cross-Border Financial Inclusion Central Bank 59

The Fintech Times

JANUARY 28, 2025

In August 2023, the Central Bank of Jordan (CBJ) announced a new aim for financial technology and innovation in the country with its Executive Programme for the Economic Modernisation Vision (20232025). One way CBJ is positioning Jordon as a prime destination for investment in advanced financial technologies is through JoRegBox.

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FinTech Central Bank Financial Inclusion Payment Initiation 64

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.

Digital Currency 60

Digital Currency Central Bank Financial Inclusion Crime 60

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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Financial Inclusion Visa Innovation Funds Transfer 59

Fintech News

NOVEMBER 12, 2024

These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financial inclusion. The regulatory attributes are finalized, and the central bank is now working on legislation, he said.

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FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 107

The Fintech Times

MARCH 12, 2025

Payments giant Mastercard has been busy forging three new partnerships in the UAE, with Al Etihad Payments , the payments infrastructure provider and subsidiary of the Central Bank of the UAE ; LikeCard , an e-commerce prepaid card platform; and credit-as-a-service platform CredibleX.

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Visa Financial Literacy Small Business Payments 75

Fintech Finance

FEBRUARY 28, 2025

Al Etihad Payments (AEP) , a subsidiary of the Central Bank of the UAE (CBUAE), has announced the readiness of the financial infrastructure for Jaywan, the UAE’s domestic card scheme, to be activated locally and globally.

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Point-of-Sale (POS) Agreements Financial Inclusion International Payments 81

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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CBDC Central Bank Digital Currency Financial Inclusion 102

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

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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Financial Inclusion Fraud Prevention Value Added Service Central Bank 59

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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Digital Currency CBDC Cross-Border Payments Cross-Border 111

The Fintech Times

MARCH 17, 2025

The Greek financial ecosystem is close to achieving a new milestone as Snappi , the first Greek neobank licensed by the European Central Bank , is one step closer to launching, opening its waitlist for Greek tax residents. “I am incredibly proud of our team and all the visionary minds behind Snappi.

Financial Inclusion 59

Financial Inclusion Central Bank Economy Research 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

MARCH 6, 2025

Bahaa El-Shafie, Deputy CEO of Banque du Caire, explained that the launch of the remittance service in cooperation with TerraPay comes as part of the banks efforts to increase the volume of remittances from Egyptians abroad, in line with the Central Bank of Egypts directives to merge informal remittances under the umbrella of the banking sector.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Financial Inclusion Central Bank 52