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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Instant Payments Central Bank Payment APIs and Integration Real Time Payments 59

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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The Fintech Times

SEPTEMBER 8, 2024

The Saudi Central Bank (SAMA) is working on strengthening the Saudi Arabian fintech ecosystem, and in doing so, has recognised the potential of open banking. As a result, SAMA has announced the issuance of the second release under the open banking framework, focused on the payment initiation service (PIS).

Innovation 59

Innovation Best Practices Financial Inclusion Central Bank 59

Fintech Finance

APRIL 16, 2024

E6’s powerful, modern platform will enable Loop to offer the type of innovative and disruptive digital payments that will make the Vision 2030 plan possible, and bring new payments products to the market that their customers will love.

Financial Inclusion 52

Financial Inclusion FinTech Instant Payments Digital Payments 52

Finovate

DECEMBER 22, 2023

Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services.

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Financial Inclusion Automation AI Financial Crimes 64

Fintech Finance

AUGUST 27, 2024

Mexico has a fantastic opportunity to maximize the use of its real-time rails and replicate the success of other countries in the region to drive economic growth and financial inclusion.” “We

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Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

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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P2P Federal Reserve Central Bank Financial Inclusion 59

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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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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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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Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

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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Financial Literacy Financial Inclusion Funds Transfer Payroll 59

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Saudi Arabia’s central bank said the plan is for open banking to go live in the first half of 2022.

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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.

Financial Inclusion 52

Financial Inclusion Central Bank Consulting Issuers 52

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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Cross-Border Visa Financial Inclusion Central Bank 52

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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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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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. The company’s commitment to innovation and its focus on providing value to its clients make it a leading player in the region’s fintech industry.

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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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Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

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 99

The Fintech Times

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, as well as stability in the region. billion worth of foreign currency inflows in 2022.

Cross-Border 69

Cross-Border Visa Transactions Financial Inclusion 69

Fintech News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

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Embedded Finance APACS Financial Inclusion CBDC 91

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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Real Time Payments Central Bank Financial Inclusion Payments 52

The Fintech Times

JANUARY 23, 2024

January has been a busy month for the Central Bank of Saudi Arabia (SAMA). Following a request for public input on the “draft general rules for savings products at banks and banks”, the central bank has now licensed various firms to engage in payments and debt crowdfunding activities.

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Central Bank Financial Inclusion Rules Payments 69

Finovate

AUGUST 9, 2024

“With their global expertise and reach within the financial inclusion space, they will be instrumental in further expanding GCash’s social impact, especially to the underserved. The move will allow as many as ten digital banks to operate in the Philippines. Here is our look at fintech innovation around the world.

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Electronic Funds Transfer (EFT) Cross-Border Payments Financial Inclusion Cross-Border 106

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

JUNE 6, 2024

Project mBridge , a collaborative initiative involving multiple central banks and the Bank for International Settlements’ (BIS), h as reached an important development milestone. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments Cross-Border 45

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

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 News

MARCH 5, 2024

This year’s conference promises a wealth of knowledge with over 50 hours of discussions, interactive sessions, and real-world case studies focused on Asian fintech innovation and growth. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 81

Embedded Finance APACS Financial Inclusion CBDC 81

The Fintech Times

MARCH 14, 2024

This rapid growth can be attributed to several important factors, such as the successful advancement of digital transformation , widespread mobile adoption, favourable regulatory policies and forward-thinking government investments in talent and innovation. Here’s why.

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Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

Fintech Finance

JANUARY 11, 2024

“Addressing the practicalities of cross-border payments in a faster payments world requires collaboration among financial institutions, regulatory bodies, and technology providers,” said Barry Tooker, Principal at TransactionBanker.com and FPC Cross-Border Payments Work Group Chair. The post U.S.

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Fintech Finance

MAY 7, 2024

Stakeholders across payments, smart mobility and digital ID can now access the industry’s most complete set of consultancy and testing services via Fime, supporting financial inclusion and innovation while enabling cost and time savings.

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Fintech Finance

FEBRUARY 8, 2024

Earlier, Mastercard, in collaboration with the Central Bank of Egypt (CBE) and EBC, had supported the implementation of card tokenization regulations by providing infrastructure to issuing banks across the country, expected to launch 2024.

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Visa Economy Central Bank Digital Payments 52

CoinRemitter

MAY 29, 2024

With the rise in digital currencies for payments and transactions, two innovations are much discussed: Central Bank Decentralised Currencies (CBDCs) and cryptocurrencies. CBDCs Central Bank Decentralised Currencies (CBDCs) is a form of digital currency, that is issued and regulated by the central bank of a country.

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Cryptocurrency Central Bank Digital Currency Privacy 49

CB Insights

AUGUST 1, 2019

Like much of Latin America, Mexico is seeing an uptick in financial innovation — especially around digital payments. Built by central bank Banco de México, CoDi will allow customers to make payments online and in person through smartphones free of charge using QR codes. But the landscape may be changing.

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Innovation FinTech Central Bank Financial Inclusion 44