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Myanmar’s Digital Transformation: Fintech, Wave Money, and Financial Inclusion

The Fintech Times

Despite its political unrest and economic challenges, Myanmar has shown significant progress in the fintech sector, bringing financial services to underserved populations. In 2016, the Central Bank of Myanmar (CBM) issued regulations for mobile financial services (MFS), creating a safe regulatory framework.

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The Rise of Fintech in Cambodia: Driving Growth and Financial Inclusion

The Fintech Times

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. Despite these advancements, about 30 per cent of the adult population remains underserved in financial services.

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WeLab and LightHub Apply for Virtual Banking Licence in Thailand to Improve Financial Inclusion

The Fintech Times

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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National Strategy of Papua New Guinea Focuses on Financial Inclusion as Gender Gap Remains

The Fintech Times

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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Nigeria Turns To FinTechs To Boost Financial Inclusion

PYMNTS

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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Mastercard and Equity Bank Join Forces to Enhance Cross Border Money Transfers in Kenya

Fintech Finance

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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Mastercard Joins Forces With Equity Bank to Bolster Cross-Border Transactions in Kenya

The Fintech Times

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.