This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
ProjectPay , the construction payments fintech, which received a project grant funded by the government’s innovation division, Innovate UK, to research and test how to solve cashflow problems in the construction industry, has now published its findings. The report has been provided to the government.
The sustained growth of venture capital and private equity has also contributed to the continued growth of UK capital pools, with these capital sources accounting for 15 per cent of newly issued capital in 2024, compared with five per cent in 2013. The UKs capital markets operate in an increasingly competitive global environment.
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?
Africas digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030.
With this license, we are well-positioned to continue our strong relationships with existing customers and welcome new clients seeking pay-in and pay-out solutions in more than 40 markets that dLocal serves.
Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 The digital handout, a central part of the ruling Pheu Thai Party’s election platform, aims to stimulate the Thai economy, which grew by 2.3% is continuing to push forward with the initiative.
Following the collapse of Soviet control, Mongolia rapidly transitioned to a free-market economy by 1992, embracing economic reforms that opened the door to global trade and investment. Mongolia is currently classified as a lower-middle-income economy, with a gross domestic product (GDP) per capita exceeding $5,000.
Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. rate in 2023.
The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says. These platforms are bridging credit gaps, playing a crucial role in the supporting local economies.
suggesting that the inflationary economy is eroding disposable income as Americans turn to tax refunds for debt relief. Alternative payment methods such as PayPal, GooglePay and ApplePay continue to be favored by Gen Z compared to all other age demographics. credit cards, loans, etc.),
Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. Sibstar is the UK’s first debit card and app that helps families living with dementia to safely manage their everyday spending.
UPI has made formal financial services accessible to millions and has had a clear impact on Indias digital economy. Despite these hurdles, the platform continues to grow, largely due to its strong security measures and low costs for users. This positions it to compete effectively with global players like MasterCard and Visa.
On joining Raidiam, Lauren said: “The data economy will be the future lifeblood of nations. I am excited to join this expert team of pioneers who truly recognise the importance of Open Finance and support governments and regulators in unlocking their data potential.”
According to The State of Digital Retail Payments in Asia Pacific 2024 by Forrester , high-growth economies like Indonesia and Malaysia are leading the shift, with consumers increasingly favouring digital payments. The government expanded the digital payment market reach by implementing initiatives like the Hawkers Go Digital program.
Their substantial investment will not only help create tech-savvy jobs but underscores their confidence in the UK economy. This government is laser-focused on supporting business growth and expansion. The UK’s open economy, mature consumer market, and world-class talent makes it the perfect place for the next phase of Affirm’s journey.
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.
In a significant move to help the people of Syria rebuild their country and economy after the fall of Assad, the UK government has updated its Syria sanctions regulations. “The Syrian people deserve the opportunity to rebuild their country and economy, and a stable Syria is in the UKs national interest.
The UK government has set over £100million aside for researching and developing Artificial Intelligence (AI) technology, and to support regulation in the space. The government has also pledged £10million to prepare and upskill regulators to address and make the most of the opportunities presented by AI.
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
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. In Singapore, the government-backed API Exchange is promoting API standardisation.
By advancing its technology and broadening its compliant offerings, Telr continues to empower merchants, accelerate business growth, and redefine the future of digital payments in the UAE.
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. government Census department put the eCommerce increase from Q1 2020 to Q2 at 44 percent – a total number of $211 billion. The numbers speak for themselves. D2C Explodes. That dropped to 44.4
Gabriel Swanepoel , country manager at Mastercard Southern Africa Gabriel Swanepoel , country manager at Mastercard Southern Africa, commented: “Our collaboration with Paymentology continues to evolve, driven by a shared vision of fostering an accessible digital economy.
2) Digital Assets: A Borderless Economy Digital assets are revolutionising how value is stored and transferred, offering continuous access to capital while bypassing traditional barriers. Through global collaboration, AI can unlock unprecedented opportunities for financial institutions and consumers alike.
In the last five years, Sri Lanka’s economy has struggled greatly. Furthermore, there were major tax cuts which further dampened much-needed government revenues. Since these actions were taken, the fintech sector has continued to grow in Sri Lanka. Could fintech be the catalyst it needs to see a revival?
Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Historically, Senegals economy has centred around agriculture, particularly peanuts. Mobile phone usage in Senegal has surpassed 60 per cent this year.
We are excited about the journey ahead as we continue to expand global wallet access and introduce other innovations together, shaping the future of digital payments across the region.” ” said Nguyen Thanh Tung, Head of Payment Technology Department at NAPAS.
In 2024, Singapore continued to solidify its position as a global fintech leader. Finally, the fintech startup ecosystem continued to diversify, a trend which is evident in the rapid growth of Web 3.0, Singapore continues to lead fintech funding In 2024, Singapore continued to lead fintech funding across ASEAN.
.” Zelle is a valuable and needed tool for small businessesthe backbone of the American economy Small business owners across the U.S. In 2024, small businesses continued to be a significant driver of Zelle growth: Almost one in four Zelle senders sent a payment to a small business in Q4, totaling 23 million users.
Notably, environmental, social, and governance (ESG) initiatives remain a lower priority, suggesting that immediate operational and technological concerns are taking precedence over longer-term sustainability goals. Cross-border payments remain the second most significant opportunity, cited by 11% of industry professionals.
The region has become a hotbed for embedded finance, thanks to its mobile-first economy and digitally savvy population. Open banking and APIs will continue to drive innovation, enabling even more seamless integration of financial services. Southeast Asia Is Blooming With Options Let’s start somewhere close to heart, Southeast Asia.
Now that the cross-border payment fintech can offer regulated payment services in the UK, it plans to help firms in the region easily scale globally, and to specifically target emerging economies. Our innovative, secure, and efficient payment solutions help UK businesses scale globally and thrive in dynamic, emerging economies.”
Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.
With Visa’s exclusivity over the bank’s credit card portfolio for the new term, we will continue to support Emirates Islamic in providing the bank’s credit cardholders with a rewarding credit proposition.
Whether or not the worst is yet to come, organizations and government agencies (especially those responsible for critical infrastructure) must be ready for a potential escalation in cyberattacks, as well as consumer and stakeholder demands for privacy protections.
Frequently used for high-value impersonation fraud, with scammers posing as trusted entities like banks or government officials. This includes scams executed via text messages and phone calls, where fraudsters often impersonate trusted entities such as banks or government agencies. of reported scams. of the total volume.
This extended partnership will focus on integrating additional instant payment use cases across a range of payment flows for consumers, businesses, and governments. For governments, it helps activate local economies through disbursement and settlement. We look forward to continuing our work with TCH.
Table of Contents Voices from the industry: Insights into the 2024 payments landscape In 2024, we witnessed a convergence between consumer and B2B payments, driven by the rise of BNPL adoption, AI-powered fraud detection, and the continued digitalisation of payment platforms.
The Government will set out further steps to reduce red tape in the coming days. A strong economy is at the heart of the Governments plan to deliver security and renewal through the Plan for Change. The Payment Systems Regulator (PSR) will be abolished as the latest step in reducing the burdens on business.
The global economy is increasingly interconnected, and remittances play a crucial role in the financial well-being of millions worldwide. The Role of the NSO in Cross-Border Payments To bring this vision to life, the Nexus Scheme Organisation (NSO) is being established to govern and manage Project Nexus.
Federal Reserve said that it had launched a multi-trillion dollar lending program that targets smaller businesses, and in a broadened salvo, targets local governments, too. economy, as the fallout from the coronavirus continues. It’s all meant to shore up the U.S. But he also said, in a nod toward reopening the U.S.
Dimitrios Dosis, president Eastern Europe, Middle East and Africa, Mastercard Mastercard continues to work closely with government and private sector partners to provide SMEs with the tools, training, and financial solutions they need to succeed. Khalil, division president, East Arabia at Mastercard J.K.
As digital assets continue to gain traction, payment networks must evolve to accommodate rising transaction volumes, evolving regulatory frameworks, and the growing demand for real-time settlement. Some governments embrace them, others restrict them, and many are still figuring out how to regulate them.
eSAMA Continuing its digital enhancement efforts, SAMA has launched the trial phase of its new e-services portal, eSAMA. This portal enables individuals, government entities and businesses to electronically access various services provided by SAMA.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content