Remove Central Bank Remove Financial Inclusion Remove Retail Payments
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Comera Pay Secures Approval to Boost UAE’s Cashless Economy

The Fintech Times

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. This means Comera Pay can now launch payment solutions that provide simpler, more secure transactions for merchants and consumers. “We

Economy 105
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myZoi Backs Underbanked With Digital Wallet Launch to ‘Reconnect Banking With Society’s Needs’

The Fintech Times

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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Comera Financial Holding Paves the Way for Innovative Fintech Solutions in the MENA Region

Fintech Finance

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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Nepal Clearing House Taps ACI Worldwide to Pioneer Card Payment Central Infrastructure

Fintech Finance

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. Of these, 81% utilize banking services, and 9% opt for other formal financial services.

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Fintech in China: Leading the Charge for Economic Progress in 2024

The Fintech Times

Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financial inclusion efforts for individuals and SMEs. For instance, Chinese retail web sales surpassed $2.1trillion in 2023, double that of the US. With over 1.4

FinTech 59
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6 Fintech Resources in Asia to Read in Preparation for 2024

Fintech News

Philippines funnelling resources to shape inclusive fintech future Fintech Philippines Report 2023 With a significant portion of the population still unbanked or underbanked, the Philippines offers fertile ground for fintech solutions to make a tangible impact.

FinTech 114
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Is Project Nexus a Model for Global Instant Cross-Border Payments?

Fintech News

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.