The Fintech Times

OCTOBER 10, 2024

There is room for optimism Time for change There have been various government initiatives across the region to help bring about greater financial inclusion. For instance, the Fiji government is currently implementing its National Financial Inclusion Strategy 2022-2030. appeared first on The Fintech Times.

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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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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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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

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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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.

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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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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

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. Financial innovation is not limited to central banks. by 2024.

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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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Fintech Finance

NOVEMBER 20, 2024

Through this partnership with Tarabut, we hope to develop a seamless real time solution that aligns with Vision 2030’s focus on digital transformation and financial inclusion.” Together, we plan to work towards enhancing both the user experience and business agility for SMEs, always in accordance with SAMA regulations and guidance.

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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 Raoul Herborg, Managing Director Central Bank Digital Currency at G+D. billion unbanked people worldwide.

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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.”

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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 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?

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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. The post ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico appeared first on FF News | Fintech Finance.

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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. The post Comera Pay Secures Approval to Boost UAE’s Cashless Economy appeared first on The Fintech Times.

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The Fintech Times

NOVEMBER 5, 2024

Spire , a fintech leveraging open banking to make financial services accessible, is joining forces with Salt Edge , the financial API platform with PSD2 and open banking solutions, to help Bahraini banks extend open banking to corporate accounts.

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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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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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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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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 News

JULY 3, 2024

To facilitate live implementation, the partner central banks and instant payment system operators have agreed to establish a new entity, the Nexus Scheme Organisation (NSO), which will be responsible for managing this rulebook and ensuring its consistent application across the network. Nexus Scheme Organisation (NSO) structure.

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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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The Fintech Times

NOVEMBER 18, 2024

Buna enables financial institutions and central banks in the Arab region and beyond to send and receive payments in local and key international currencies in a secure, cost-effective and transparent environment.

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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. The post Fime to Support Set Up of UAE’s Domestic Card Scheme (Jaywan) appeared first on Fintech Finance.

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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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Fintech Finance

NOVEMBER 13, 2024

In alignment with Saudi Arabia’s Vision 2030, PayerMax became the first Asian fintech company to establish a regional headquarters in Riyadh and obtained the Payment Technical Service Provider ( PTSP ) certification from Saudi Payments on behalf of the Saudi Central Bank (SAMA) in September.

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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. In 2014, only 53 per cent of adults in India had bank accounts, but by 2021, this figure had risen to 78 per cent.

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Digital Payments FinTech Online and Mobile Banking Financial Inclusion 58

The Fintech Times

NOVEMBER 19, 2024

Through this partnership with Tarabut, we hope to develop a seamless real-time solution that aligns with Vision 2030’s focus on digital transformation and financial inclusion.” The post Tarabut Collaborates With Geidea to Improve Access to Financing for SMEs in Saudi Arabia appeared first on The Fintech Times.

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