Fintech News

DECEMBER 11, 2024

T hese Singapore digital banks are reshaping the sector by targeting underserved segments, driving innovation, and intensifying competition. GXS Bank , a partnership between Grab and Singtel, focuses on financial inclusivity for underserved groups, such as gig economy workers and young professionals.

Underserved 102

Underserved Regulatory Compliance Innovation Financial Inclusion 102

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. Despite their significant contributions to GDP and employment, SMEs in emerging markets remain underserved by traditional banking.

FinTech 105

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

Fintech Finance

JULY 26, 2024

The SME sector accounts for 94% of the total number of companies operating in the UAE, according to the Ministry of Economy. The holistic and expansive nature of our product offering has helped us continue to grow sustainably. We’ve been in the market for a while now, and are incredibly proud of what our team has achieved.

Security 97

Security Underserved FinTech Product 97

Fintech News

MARCH 24, 2024

This deal reinforces our commitment to support new economy businesses as they move along the different growth stages and expand across the region.” This financial support is instrumental in propelling our continuous efforts to meet the unique financial requirements of underserved communities across Southeast Asia.”

Finance 92

Finance Security BNPL Underserved 92

The Fintech Times

NOVEMBER 26, 2024

Cross-border payment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. In 2023, remittances accounted for nearly 1.5

Cross-Border Payments 75

Cross-Border Payments Cross-Border Payment APIs and Integration Financial Inclusion 75

Fintech Finance

SEPTEMBER 25, 2024

Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy. This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth.

Visa 88

Visa Economy Digital Payments Enrollments 88

Fintech Finance

OCTOBER 24, 2024

Tap Pay is not just a feature; it’s a key part of our efforts to cultivate a more inclusive, cashless society and a documented economy. We will continue to lead the way in transforming Pakistan’s financial services landscape and paving the way for the widespread adoption of digital payments.” ” J.K.

Visa 94

Visa Point-of-Sale (POS) Economy Digital Payments 94

Electronic Transactions Association

FEBRUARY 22, 2023

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

Underserved 40

Underserved Financial Literacy Online and Mobile Banking FinTech 40

Fintech News

FEBRUARY 26, 2024

Yet, despite these challenges, the fintech industry continues to innovate and adapt, seeking new avenues for growth and development. The research points out that this diversity in views reflects the sector’s resilience, with many firms identifying opportunities for expansion, especially into underserved markets.

FinTech 125

FinTech Consumer Financial Inclusion On-Demand 125

Fintech Review

DECEMBER 31, 2024

With their growing economies and youthful populations, these regions present significant opportunities. Consequently, Kenya witnessed a surge in mobile payment adoption, improving financial access for underserved populations. The governments continuous support has ensured sustained growth.

FinTech 111

FinTech Regulations Best Practices Central Bank 111

The Fintech Times

OCTOBER 1, 2024

Having originally launched in Mexico in February 2024, inDrive Money improves financial inclusion for gig economy workers. This is particularly impactful as freelancers have traditionally been underserved in Latin America, and Colombia is no different. This will depend on their activity on the inDrive app.

Financial Inclusion 104

Financial Inclusion Underserved Origination Finance 104

The Fintech Times

NOVEMBER 12, 2024

Xavier Segura, general partner, Morgan Creek Digital Xavier Segura , general partner, Morgan Creek Digital added: “As Latin America’s Web3 startup ecosystem continues to evolve and mature, we are looking forward to supporting the founders that have joined the programme.” The selected teams were chosen from applications across the region.

Stablecoins 101

Stablecoins Cross-Border Financial Inclusion Underserved 101

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. For the unbanked and many underserved populations, cash is the most accessible payment method. As innovations continue, we expect to see even more sophisticated cash tech solutions emerge.

FinTech 88

FinTech Financial Inclusion Alternative Payment Methods Cash Management 88

Fintech News

NOVEMBER 11, 2024

This year, digital payments and lending continued to lead the sector’s growth, accounting for over 90% of the total DFS revenue. This growth was driven by digital banks entering the space and expanding lending to underserved customers through the use of advanced technologies, including artificial intelligence (AI).

NOV 117

NOV Non-Bank Debit Card Cross-Border Payments 117

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

PYMNTS

SEPTEMBER 27, 2020

The relationship will help Commerce Bank in its transformation to a more digital way of doing business, as the world continues to embrace digital technology in the wake of the pandemic. In this digital-first economy, AI is a critical component of their digital transformation.”.

Treasury Management 89

Treasury Management Treasury Underserved Reconciliation 89

PYMNTS

JUNE 19, 2020

Finance reported. “Many small businesses will continue to struggle in the weeks and months to come,” Senator Ben Cardin (D-Maryland) told Yahoo. Congress must once again act urgently to support our most vulnerable small businesses through this crisis, so our economy can recover as quickly as possible after the pandemic.”.

Small Business 91

Small Business Shutdown Underserved Treasury 91

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. As of 2024, it is clear that the changes initiated during the pandemic are not just temporary adjustments but enduring shifts that continue to define the industry’s trajectory. in 2020, reaching $4.28 Subscription-based companies grew revenue by 11.6%

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

Lending Front

JUNE 6, 2021

But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses. They might even be the next Chobani. ) .

Small Business 52

Small Business Community Banks Economy Non-Bank 52

PYMNTS

APRIL 13, 2020

From high-speed wired and wireless internet; to digital content providers; to the app and gig economy that connects the digital world to my front door; to the messaging services that connect me to friends, family and colleagues around the world – I (and even more so, my kids) can’t imagine how this would have unfolded without these innovations.

Innovation 103

Innovation CHIPS eWallet Chip Cards 103

PYMNTS

JANUARY 17, 2021

Bookkeeper360 embodies this culture, and we could not be more excited to continue helping small and family-owned businesses, excel with Bookkeeper360’s solutions.”. “Enabling small businesses to have the tools to succeed has been at the forefront of companies we look to invest in,” said Judson Ain in the release.

FinTech 75

FinTech Small Business Value Added Service Underserved 75

PYMNTS

JULY 12, 2020

The company, which works to ship items for businesses, says it aims to help small businesses because they’re the “backbone of the American economy,” and have also traditionally been underserved by technology solutions. And, hundreds more businesses have continued to onboard every week.

Small Business 67

Small Business Underserved Credit Cards Continuity 67

Fintech Finance

JULY 30, 2024

At Mastercard, our commitment to playing a pivotal role in the country’s dynamic fintech ecosystem remains steadfast, as we continue to provide access to our expertise, network, and cutting-edge technologies to accelerate growth and meet evolving customer demands.”

Contactless Payments 96

Contactless Payments Cybersecurity Visa FinTech 96

PYMNTS

JULY 9, 2020

While these partners were connecting their consumer clients to MFS Africa’s mobile payments capabilities, the takeover of Beyonic expands the offering into the small- and medium-sized business base — a particular underserved market, said Okoudjou. ”

B2B 82

B2B Cross-Border Cross-Border Payments Small Business 82

The Fintech Times

SEPTEMBER 19, 2024

. “We are excited to be working on a new offering for business customers with a focus on smaller businesses, which are too often overlooked and underserved. Uzbekistan’s strategy With a population of 37 million, of which 59 per cent are under 30, Uzbekistan continues to see increased demand for digital financial services.

Underserved 59

Underserved On-Demand Economy Small Business 59

The Fintech Times

MAY 10, 2024

British Business Investments, a subsidiary of the British Business Bank , aims to improve access to alternative finance for SMEs across the UK, while supporting the transition to a net zero economy – highlighted by its backing of Beechbrook. Since 2008, Beechbrook has invested over £500million in 70 SMEs across the UK.

Underserved 69

Underserved Finance Origination Continuity 69

The Fintech Times

JULY 28, 2024

. “SteelWave Digital can further bridge the financial accessibility gap by expanding its strategic partnerships with global liquidity providers to enhance capital flows into underserved markets. Following this, they must then tailor education towards them. “In the world of finance, technology should and can serve people.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

Fintech News

MAY 20, 2024

These virtual events became vital for maintaining business continuity, serving as a means for internal meetings and connecting with clients and audiences. Post-COVID-19, webinars continue to thrive, owing to their versatility, accessibility, affordability and effectiveness in engaging and educating audiences in an increasingly digital world.

FinTech 121

FinTech Embedded Finance BNPL AI 121

The Fintech Times

AUGUST 28, 2024

With a gross domestic product (GDP) per capita of $4,788, the Association of Southeast Asian Nations ( ASEAN ) member, is looking to continue to grow its economy. It is estimated that the digital economy could add as much as $2.8trillion to the Indonesian economy by 2040. per cent per year from 2024 to 2026.

FinTech 69

FinTech Economy Authorization Underserved 69

Fintech News

DECEMBER 4, 2024

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.

Embedded Finance 100

Embedded Finance Finance Payment APIs and Integration BNPL 100

PYMNTS

FEBRUARY 13, 2020

The gig economy continues to expand in the U.S. and elsewhere: As PYMNTS’ inaugural Gig Economy Tracker notes, gig workers are expected to make up half of the U.S. workforce by 2028, and already 16 million individuals are participating in the gig economy. Drawing the Line. even without an open banking mandate.

Small Business 61

Small Business Payment APIs and Integration Economy Finance 61

The Fintech Times

DECEMBER 26, 2023

This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations. Many individuals and small businesses grapple with a common challenge: limited access to traditional banking services.

Financial Inclusion 59

Financial Inclusion Underserved Small Business Finance 59

The Fintech Times

NOVEMBER 6, 2024

The overall transaction, an accumulative commitment of over $100million, also includes the two annual credit facilities extended to Funding Societies, reaffirms HSBC ’s continued support for MSMEs through the platform since 2022.

APACS 52

APACS Micro-Entry Economy Financial Inclusion 52

Fintech News

AUGUST 19, 2024

The SEA Fintech – Semi Annual Report – 2024, released on July 05, 2024, underscores a continuing downward trend in fintech funding due to ongoing macroeconomic conditions and geopolitical issues, making H1 2024 the least funded half-year in the past three years. H-o-H Funding Trends (Note- Funding includes only Equity Funding.

FinTech 121

FinTech Underserved Technology Cross-Border 121

Fintech Finance

FEBRUARY 26, 2024

Today, Visa (NYSE: V), a leading global payments technology company, and the GSMA Mobile for Development Foundation (GSMA Foundation) announced the launch of the Digital Finance for All (DFA) Initiative, furthering Visa’s decades-long efforts to increase access to the global economy for everyone, everywhere.

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

PYMNTS

SEPTEMBER 16, 2019

He will now be exploring his interests in investment management but will continue to be an active mentor and consultant for the group, dividing his time equally.”. Micro and small businesses represent a vibrant yet underserved segment of the India economy,” Lunia said in a statement in at the time.

Small Business 59

Small Business Underserved Consulting Economy 59

Clearly Payments

FEBRUARY 12, 2024

This article aims to explore the impact that Visa and Mastercard has on the payment industry, examining their influence on innovation, regulation, consumer behavior, and the broader economy. The payments industry is so large that new startups will continuously work to take a slice of the market.

Visa 84

Visa Payments Payment Networks Online and Mobile Banking 84