Fintech Finance

OCTOBER 22, 2024

According to the Payment System Report, published by the People’s Bank of China, there has been a 25% reduction in ATMs over the past six years, highlighting the accelerating shift toward a cashless economy. Forbes further reports that mobile payments now account for over 85% of all transactions in China.

Payment Solutions 88

Payment Solutions Economy Cross-Border Payments Payments 88

The Fintech Times

NOVEMBER 9, 2024

In the last five years, Sri Lanka’s economy has struggled greatly. Since these actions were taken, the fintech sector has continued to grow in Sri Lanka. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

The Fintech Times

NOVEMBER 4, 2024

Nepal’s economy is very much reliant on agriculture. However, recognising a need for change, Nepal is actively aiming to develop its economy and technological capabilities. The post Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth? How can fintech support its evolution and growth?

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

The Fintech Times

SEPTEMBER 24, 2024

Businesses in Latin America (LatAm) and the Gulf Cooperation Council (GCC) are rapidly looking to diversify their economies, seeking out partnerships with firms abroad. Notably, Brazil continues to play a critical role as the GCC’s main trade partner within Latin America, accounting for 61.61 In total, there were around 21.25

Economy 64

Economy FinTech Agreements Facilitators 64

Tearsheet

FEBRUARY 16, 2024

Chiro Aikat: We’re continuing to build on our existing foundation to design the next generation of instant payment capabilities for financial institutions to implement and provide for their customers. For governments, it helps activate local economies through disbursement and settlement. We look forward to continuing our work with TCH.

Instant Payments 119

Instant Payments RTP Visa TCH 119

Open Banking Excellence

JULY 1, 2024

Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. It’s your North Star.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

NOVEMBER 18, 2024

The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Global corporations move $23.5 trillion across countries annually—around a quarter of global GDP—at an estimated cost of $120 billion in transaction fees annually.

Cross-Border Payments 123

Cross-Border Payments Cross-Border Transactions Financial Inclusion 123

Fintech News

JULY 7, 2024

As Southeast Asia’s digital economy continues to surge, businesses are seeking robust technological solutions to support their growth. Projections suggest that the burgeoning ASEAN digital economy will contribute an additional US$1 trillion to the regional Gross Domestic Product (GDP) over the coming decade.

Database 105

Database Economy On-Demand Innovation 105

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. Supporting startups Thailand is also investing significant resources into its wider startup ecosystem.

FinTech 116

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 116

Open Banking Excellence

MARCH 15, 2024

A look at four of Australia’s Open Energy use cases While the world has taken Europe’s lead on Open Banking, Australia started with an economy-wide approach informed by the Consumer Data Right (CDR), which implemented economy-wide Open Data. Where is Open Energy headed next?

Use Case 147

Use Case Non-Bank Consumer Accreditation 147

Fintech Finance

DECEMBER 17, 2024

By expanding its services to MeridianBet, Kuady is helping advance financial access and inclusion throughout Latin America, enabling more people to participate actively in the digital economy. Our focus on speed, simplicity, and security ensures that Kuady continues to set new standards in payment technology across Latin America and beyond.

Processors 95

Processors Payments Economy Security 95

Fintech News

APRIL 28, 2024

Unlike the crowded markets of Indonesia and the Philippines, where dominant players are already established, Bitkub seeks to leverage the lack of legacy financial systems in these developing nations to introduce advanced technological solutions, potentially transforming how they engage with digital economies.

Underserved 120

Underserved Cryptocurrency Economy Use Case 120

Fintech News

OCTOBER 28, 2024

Floris de Kort “This is a significant milestone for Thunes as we continue to expand the global reach of our Network and drive innovation in the global payments space. This service also offers interoperability for real-time global money movement, making it easier for Thunes’ members to conduct transactions worldwide.

Global Payments 102

Global Payments Visa Cross-Border Payments Cross-Border 102

Fintech News

NOVEMBER 12, 2024

The mBridge project, initially supported by the Bank for International Settlements (BIS), continues to focus on using distributed ledger technology for efficient cross-border settlements, despite BIS “graduating out” of the four-year initiative.

Cross-Border Payments 91

Cross-Border Payments Cross-Border Payment Initiation Cross-Border Settlement 91

The Payments Association

DECEMBER 18, 2024

Undoubtedly, fintech and payments will continue to serve as pivotal forces shaping the financial landscape, but what trends will define the market next year? Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

The Fintech Times

SEPTEMBER 22, 2024

The payment acceptance market in Kenya continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7 Amnah Ajmal , executive vice president of EEMEA at Mastercard, also added: “We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere.

Visa 110

Visa Cross-Border Payment Solutions Economy 110

The Fintech Times

DECEMBER 18, 2023

Buy now, pay later (BNPL) companies across the globe continue to grow – particularly in the build-up to the festive period, as consumers look to offset their costs. This decision reflects SAMA’s continuing efforts to develop the financial sector in the region and empower the fintech sector in particular.

Central Bank 104

Central Bank BNPL Rules Procedures 104

The Payments Association

JULY 24, 2024

Cross-border payments, the lifeblood of global commerce, are also an Achilles heel for the majority of economies globally – both emerging and developed. Numbering more than 330 million worldwide, SMEs’ needs continue to be. Read more

Cross-Border Payments 88

Cross-Border Payments Cross-Border Payments Economy 88

Fintech Finance

MAY 9, 2024

A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy. In 2024, remittance flows to the region are projected to increase by 2.5%.

Cross-Border Payments 92

Cross-Border Payments Cross-Border Visa Financial Inclusion 92

Fintech News

OCTOBER 14, 2024

Dr. Chea Serey, Governor of the National Bank of Cambodia, said, “One of the key priorities of the National Bank of Cambodia has been continuously enhancing and modernising the cross-border payment with the region. Dr. Chea Serey H.E.

Cross-Border 141

Cross-Border Cross-Border Payments Payments International Payments 141

The Fintech Times

JULY 14, 2024

The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. Expanding its footprint in LatAm OpenPayd will continue to expand its access to local and international payment rails to support its mission of powering the growth of the digital economy.

Embedded Finance 105

Embedded Finance Payments Funds Transfer API 105

Fintech Finance

JULY 11, 2024

The digital economy’s global nature necessitates robust international infrastructure for businesses with strong growth ambitions. OpenPayd will continue to expand its access to local and international payment rails to support its mission of powering the growth of the digital economy.

Instant Payments 90

Instant Payments Embedded Finance Real Time Payments Payments 90

Fintech Finance

AUGUST 21, 2024

Her deep insights into digital payments and commercial solutions, and her leadership across key strategic initiatives in this region will play a crucial role in contributing to the advancement of Thailand’s digital economy, the growth of its SME sector and its transition toward a cashless society.”

Visa 94

Visa Cross-Border Economy Financial Inclusion 94

Fintech Finance

JULY 12, 2024

Cross-border payments are becoming increasingly important to international economies. Hatton continues: “As these developments and initiatives continue, the tradeoff between the ease of creating multilateral channels and the scalability of a truly global system will get harder to overcome.

Cross-Border 116

Cross-Border Real Time Payments Cross-Border Payments Cross-Border Settlement 116

Open Banking Excellence

JULY 9, 2024

Kazakhstan Sets Open API-Driven Strategy Towards 2025 Goal Open Banking stands at a critical juncture in early 2024 with markets both big and small set to start or continue their journeys. Setting Sights on Full Implementation by 2025 Our goal is to make Open Banking a defining feature of Kazakhstan’s consumer economy by 2025.

API 147

API Payment APIs and Integration Participant Regulations 147

The Fintech Times

MAY 30, 2024

“Continued adoption from industry participants like PayPal helps realise the next generation of fintech innovation.” “Making PYUSD available on the Solana blockchain furthers our goal of enabling a digital currency with a stable value designed for commerce and payments.”

Stablecoins 119

Stablecoins PayPal Blockchain Venmo 119

The Fintech Times

SEPTEMBER 27, 2024

Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

Fintech News

MAY 15, 2024

The burgeoning video gamer economy The confluence of significant economic, technological , and social forces is set to amplify the prominence of video gamers. The gaming industry in Asia continues to multiply, driven by the increasing number of smartphone users and the popularity of mobile gaming.

FinTech 92

FinTech Online and Mobile Banking Payment APIs and Integration Economy 92

Fintech News

SEPTEMBER 24, 2024

We are delighted to collaborate with Google Cloud, as we aim to drive Indonesia’s digital economy by ensuring that the latest technologies are widely available to people throughout the country.” This is particularly beneficial for users who prefer a hands-free experience or enjoy speaking to the app to get things done.

AI 90

AI Economy Innovation Technology 90

Fintech Finance

JANUARY 22, 2024

SMEs are the backbone of the economy. In line with our commitment to driving financial inclusion, Mastercard has pledged to bring 50 million micro, small and medium enterprises worldwide into the digital economy by 2025. The UAE’s shift to a digital economy continues to accelerate as SMEs increasingly embrace digital payments.

Visa 90

Visa Small Business Economy Non-Bank 90

Fintech Review

NOVEMBER 27, 2024

Small and medium enterprises (SMEs) are the backbone of emerging economies. In many regions, they create jobs, drive innovation, and stimulate local economies. With digital banking, mobile payments, and microloans, fintechs allow underserved businesses to participate in the formal economy.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

The Fintech Times

DECEMBER 16, 2023

EBANX, a global fintech company specialising in payment solutions for emerging economies, has announced a strategic partnership with Bancolombia bank to integrate payment method Botón Bancolombia into its array of payment options in Latin America.

Digital Payments 105

Digital Payments Alternative Payment Methods Financial Inclusion Payments 105

The Payments Association

SEPTEMBER 26, 2024

The resurgence of cash use Regardless of how much our industry thrives on digital payments, cash remains vital to the global economy. Cashtech pioneers Looking into the future, the relationship between cash and financial technology will continue to evolve. It allows businesses to competently offer cash as a payment method.

FinTech 88

FinTech Financial Inclusion Alternative Payment Methods Cash Management 88

The Fintech Times

DECEMBER 17, 2023

Participants of any nationality are welcome, with the caveat of having an Emirati founder or co-founder at the helm, to continue to drive local digital talent development. They will also delve into key trends shaping the economy and government around them, the principle of rapid prototyping and customer validation feedback.

Innovation 110

Innovation Participant Economy FinTech 110

Fintech News

NOVEMBER 13, 2024

As payments continue to be embedded across a range of commerce experiences, we’re leading the way to a global economy that empowers everyone – providing consumers with greater control, convenience and peace-of-mind while unlocking new sales for merchants, and lowering fraud for issuers.”

Visa 123

Visa Authentication Issuers Encryption 123

Fintech Finance

JUNE 18, 2024

Remittance flows in Asia Pacific have softened in the past year amid persistent inflationary pressures and tightening labour markets in the high-income host economies of overseas foreign and migrant workers. “The power of remittances in uplifting ecosystems and economies across the globe is well-understood.

Online and Mobile Banking 94

Online and Mobile Banking Economy On-Demand Volume 94

Fintech Finance

AUGUST 15, 2024

million active customers and more than 79,000 merchants across the United States, Australia and New Zealand,1 Zip continues to promote financial inclusion by making everyday spending, cash flow management, budgeting – and the ability to cover unexpected expenses – accessible.

Financial Inclusion 93

Financial Inclusion BNPL Underserved Innovation 93