Digital Payments, Economy and Financial Inclusion

Mexico in Focus: Open Banking and Financial Inclusion

Open Banking Excellence

SEPTEMBER 27, 2024

Mexico in Focus: Open Banking and Financial Inclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population.

Financial Inclusion

Financial Inclusion FinTech Laws Regulations

Laos’ Path to Financial Inclusion: Mobile Money, Digital Payments, and Future Growth

The Fintech Times

SEPTEMBER 24, 2024

The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financial inclusion and economic growth. Economic reforms in the 1980s, known as the ‘New Economic Mechanism,’ helped shift the country from a centrally-planned to a market-oriented economy.

Financial Inclusion

Financial Inclusion Digital Payments Cross-Border Central Bank

Lune: Artificial Intelligence Key to Unlocking Financial Inclusion

The Fintech Times

JUNE 24, 2024

Financial inclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. AI’s ability to revolutionise money management is undeniable.

Financial Inclusion

Financial Inclusion Financial Literacy AI FinTech

Webinars

7 Essential Criteria for Choosing the Right Payments Partner

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How can Fintech Improve Financial Inclusion in the Pacific Island Countries?

The Fintech Times

OCTOBER 10, 2024

In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. In fact, according to the Lowy Institute ‘s Pacific Aid Map , no other economy in the world was as impacted by development assistance. This is due in large part to tourism.

Financial Inclusion

Financial Inclusion FinTech Credit Union Economy

Paymentology Supports Diamond Trust Bank to Drive Financial Inclusion in Kenya

The Fintech Times

MAY 9, 2024

Paymentology , the global issuer-processor, has joined forces with Diamond Trust Bank , a tier-one East African commercial bank, in a move hoping to help drive financial inclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS).

Financial Inclusion

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank

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

The Fintech Times

SEPTEMBER 22, 2024

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. Cambodia’s economy is projected to grow by 5.8 The country’s GDP now stands at nearly $1,760.

Financial Inclusion

Financial Inclusion FinTech Central Bank Online and Mobile Banking

Offline Digital Payments: Boosting Financial Inclusion in India

M2P Fintech

AUGUST 25, 2023

But this digital payments gamechanger relies on an internet connection to function, as transactions require seamless and uninterrupted communication between a host of payment players. A QR payment flow begins with the customer scanning a QR code for the required amount. Clocking a record high of 9.96

Financial Inclusion

Financial Inclusion Digital Payments Online and Mobile Banking Payments

Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

JANUARY 7, 2024

Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. By 2025, Indonesia’s digital economy is projected to rise to US$109 billion, growing at a compound annual growth rate (CAGR) of 15%.

Financial Inclusion

Financial Inclusion Innovation Payments NOV

Hibret Bank and Mastercard Launch Prepaid Hibir Mastercard Services to Enhance Digital Financial Inclusion

Fintech Finance

JUNE 6, 2024

Launching the Prepaid Hibir Mastercard in collaboration with Mastercard is a testament to this, marking a significant step towards our mission of digital financial inclusion. This service is more than just a payment solution; it is a bridge for Ethiopians to access the global market with ease and security.”

Financial Inclusion

Financial Inclusion Visa Online and Mobile Banking Cross-Border

Comera Pay Secures Approval to Boost UAE’s Cashless Economy

The Fintech Times

MAY 23, 2024

This means Comera Pay can now launch payment solutions that provide simpler, more secure transactions for merchants and consumers. Leveraging technologies like advanced data encryption, the company aims to power faster digital payments and help advance the UAE’s cashless economy. “We

Economy

Economy Security Encryption Data Encryption

Mastercard Partners with The BENEFIT Company to Drive Payment Innovation and Financial Inclusion in Bahrain

Fintech Finance

MAY 8, 2024

Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financial inclusion in the country’s dynamic payments ecosystem.

Financial Inclusion

Financial Inclusion Visa Innovation Funds Transfer

G+D Filia® Unplugged Brings Offline Capability to Digital Payments

Fintech Finance

JULY 4, 2024

SecurityTech company Giesecke+Devrient (G+D) is making digital payments independent of online connectivity. Even in today’s digital-first economy, connectivity issues can present challenges for digital payment transactions, especially in rural areas. billion unbanked people worldwide.

Digital Payments

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank

Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods

Fintech Finance

SEPTEMBER 30, 2024

Digital payments have become part of our daily lives and are increasingly crucial to fostering financially inclusive economies. Digital payments have become part of our daily lives and are increasingly crucial to fostering financially inclusive economies.

Scams

Scams Digital Payments Consumer Payments

Fintechs and payment innovation can lead financial inclusion, and the recovery

Payments Source

JANUARY 19, 2021

During the past year we’ve seen some ingenious, innovative solutions addressing financial inclusion, and that will need to continue, says GPS CFO Richard Hodgson.

Financial Inclusion

Financial Inclusion Innovation FinTech Addressing

Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

JANUARY 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

Financial Inclusion

Financial Inclusion Payments Government Governance

NPCI International to Develop UPI-Like Real-Time Payments Platform in Trinidad and Tobago

Fintech Finance

SEPTEMBER 27, 2024

This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financial inclusion.

Real Time Payments

Real Time Payments Financial Inclusion Central Bank International Payments

NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

JULY 9, 2024

As part of this collaboration, NOW Money customers will be issued a Mastercard payment card, providing them with secure, seamless, and convenient access to their finances and enabling them to reap the benefits of the digital economy.

Visa

Visa Financial Inclusion Fraud Detection Financial Literacy

Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

The Fintech Times

AUGUST 23, 2024

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.

Economy

Economy FinTech Governance Government

Doha Bank and Mastercard Collaborate to Strengthen Digital Payment Services

The Fintech Times

JUNE 16, 2024

This strategic alliance, one of the most significant deals in Qatar’s financial sector, highlights Doha Bank’s commitment to digital transformation. The agreement, completed in record time, reflects the shared vision of both organisations to accelerate the adoption of digital payments and modernise banking services.

Visa

Visa Digital Payments Financial Inclusion Payments

EBANX Partners with Bancolombia to Streamline Digital Payments in Colombia

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

Digital Payments Alternative Payment Methods Financial Inclusion Payments

Mastercard partners with Central Bank of Jordan to build a more robust digital payment ecosystem in the Kingdom

Fintech Finance

MARCH 5, 2024

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The Central Bank of Jordan will benefit from Mastercard’s global expertise to accelerate economic and payments digitization and improve acceptance.

Central Bank

Central Bank Visa Digital Payments Financial Inclusion

VEON: The Year Of Digital Financial Inclusion In Developing Markets

PYMNTS

JANUARY 22, 2021

This is financial exclusion on a global scale, and as we emerge into 2021, I believe the private sector and governments everywhere must work more closely to improve financial inclusion and reduce the world’s unbanked population. Yet, as the developed world progresses further into cashless living, for the 1.7

Financial Inclusion

Financial Inclusion Economy Agreements Small Business

EBANX and Ozow Partner to Enhance Digital Payments in South Africa

The Fintech Times

JUNE 5, 2024

EBANX, a global cross-border payments fintech, has teamed up with Ozow , South Africa’s instant EFT payments provider, expanding their strategic partnership to further enhance digital payment solutions in South Africa. By joining forces with global powerhouse EBANX, we are taking a giant leap towards that goal.

Digital Payments

Digital Payments Cross-Border Cross-Border Payments Financial Inclusion

Mastercard expands partnership with Bank of Punjab to redefine digital payments for Pakistan’s commercial segment

Fintech Finance

FEBRUARY 14, 2024

By facilitating a shift from cash to digital payments, BOP is not only revolutionizing the SME sector, but also promoting financial inclusion in Pakistan’s burgeoning gig economy.

Visa

Visa Digital Payments Financial Inclusion Economy

India’s UPI Expansion Signals Global Leadership in Digital Payments: FXC Report

The Fintech Times

FEBRUARY 15, 2024

A report by FXC Intelligence has highlighted the significant impact of India’s Unified Payments Interface (UPI) on cross-border payments, signaling the country’s emergence as a global economic leader and a frontrunner in digital payments innovation. billion transactions worth INR182trillion in 2023 alone.

Digital Payments

Digital Payments Cross-Border Cross-Border Payments Financial Inclusion

Investors step into 'digital footprint' of gig economy, financial inclusion, digital ID

Payments Source

APRIL 3, 2019

Large investment houses see an opportunity to improve financial conditions for contract workers, accelerate evolution away from cash to digital payments, expand the smartphone as a commerce device and streamline user experience.

Financial Inclusion

Financial Inclusion Economy Digital Payments Payments

Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya

Fintech Finance

SEPTEMBER 20, 2024

“We are proud to partner with Safaricom to build an inclusive digital economy that works for everyone, everywhere. We will enable the merchants to grow and contribute to the Kenyan economy,” said Amnah Ajmal, Executive Vice President, EEMEA, Mastercard.

Visa

Visa Cross-Border Financial Inclusion Payments

Giesecke+Devrient Solution Looks to Remove Connectivity Pain Points for Digital Payment Transactions

The Fintech Times

JULY 5, 2024

Security technology company Giesecke+Devrient (G+D) has launched a new token-based payment solution, ‘G+D Filia Unplugged’, enabling secure offline payment transactions. “Offline payments are the missing link in the digital payment sphere.

Digital Payments

Digital Payments Transactions Online and Mobile Banking CBDC

EBANX and Ozow Strengthens Partnership to Empower South Africa’s Digital Economy

Fintech Finance

JUNE 3, 2024

Global fintech leader in cross-border payments, EBANX and Ozow , South Africa’s leading instant EFT payments provider, announced an expanded strategic partnership to further enhance digital payment solutions in South Africa.

Economy

Economy Cross-Border Cross-Border Payments Financial Inclusion

Paymob, Mastercard team up to boost digital payment acceptance in MENA

Fintech Finance

JANUARY 25, 2024

Paymob , the leading financial services enabler in the Middle East, North Africa and Pakistan (MENA-P), has announced a partnership with Mastercard to accelerate digital payment acceptance across the MENA region. The post Paymob, Mastercard team up to boost digital payment acceptance in MENA appeared first on Fintech Finance.

Visa

Visa Digital Payments Small Business Payments

Inswitch Becomes the Official Provider for n1co, a Fintech Transforming Digital Payments in Latin America With Visa Cards

Fintech Finance

JULY 11, 2024

This partnership between n1co and Inswitch promotes financial inclusion among a large portion of the Salvadoran population, especially youth, providing them easy access to their first financial instruments.

Digital Payments

Digital Payments Debit Card FinTech Embedded Finance

Fast-Growing Neobank Lupiya Partners with Network International to Launch Card Product

Fintech Finance

SEPTEMBER 12, 2024

Network International (Network) , the leading enabler of digital commerce across Africa and the Middle East, has announced that Zambian fintech and neobank, Lupiya , has appointed Network as their digital payments technology partner to launch a new debit card. in 2015 to 69.4%

Product

Product Financial Inclusion Debit Card Digital Payments

The Long Term Impact of COVID on the Payments Market

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. Financial Inclusion Initiatives : According to the World Bank, over 1.7

Cross-Border

Cross-Border Processors Multi-Currency Contactless Payments

Is cashtech the missing piece in fintech?

The Payments Association

SEPTEMBER 26, 2024

Despite the rise of digital payments, the resurgence of cash use in the UK signals that physical money, supported by emerging cashtech innovations, remains an essential part of the financial ecosystem. Digital payments have dominated the fintech conversation for years.

FinTech

FinTech Financial Inclusion Alternative Payment Methods Cash Management

Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health

Fintech Finance

APRIL 19, 2024

Nubank and Mastercard have released findings from a study measuring the financial inclusion impact on individuals, including some who have historically been on the margins of the traditional banking system in Brazil.1 Active financial product usage may also increase familiarity and trust, leading to accelerated financial inclusion.

Financial Inclusion

Financial Inclusion Visa Non-Bank Real Time Payments

Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows

Fintech Finance

OCTOBER 4, 2024

Rising African countries are among the fastest-growing regions in consumer spending, according to data from the World Data Lab analyzed by EBANX , a global technology company specializing in payment services for rising markets. The digital economies of India, Latin America, and Africa together will surpass US$ 1.3

Consumer

Consumer Credit Cards Online and Mobile Banking Economy

PayU GPO Strengthens Nigerian Presence with New Country Manager Appointment

Fintech Finance

SEPTEMBER 30, 2024

Already Africa’s biggest e-commerce market, Nigeria is primed for further growth as consumer spending and revenue continue to rise, supporting the growth of the local payments industry as it enables convenient and seamless payments processing.

Alternative Payment Methods

Alternative Payment Methods Financial Inclusion Service Provider Digital Payments

Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

Fintech Finance

JULY 30, 2024

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions.

Multi-Currency

Multi-Currency Visa Innovation Point-of-Sale (POS)

India’s Digital Payments Platform Hits $1.34B In June Transaction Volumes

PYMNTS

JULY 26, 2020

India has embraced its model for digital payments so much that it intends to take it global. Since its debut four years ago, India’s Unified Payments Interface (UPI), the instant payment system developed by the National Payments Corp. There are people in villages needing assistance payments.

Volume

Volume Transactions Digital Payments Online and Mobile Banking

Mastercard and the Egyptian Banks Company join forces to propel Egypt’s economy into the digital age

Fintech Finance

FEBRUARY 8, 2024

Mastercard collaborates with the Egyptian Banks Company (EBC) the advanced payments network and domestic operator in Egypt. The collaboration marks a significant step towards fostering sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt.

Visa

Visa Economy Central Bank Digital Payments

Fintech can boost financial inclusion for migrant workers

Payments Source

APRIL 29, 2019

Digital payments can make payroll for workers in industries like cruise ships less costly, and less dangerous than traditional cash-based methods, writes Hal Ramakers, vice president of global solutions for Brightwell.

Financial Inclusion

Financial Inclusion Payroll FinTech Digital Payments

Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally

Fintech News

FEBRUARY 26, 2024

This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America. said Ashley Olson Onyango, Head of Financial Inclusion and AgriTech, GSMA.

Financial Inclusion

Financial Inclusion Finance Financial Literacy Underserved

Damen Partners With BKN301 to Implement NFC Payments Into Digital Wallet for Bills

The Fintech Times

SEPTEMBER 23, 2024

Middle Eastern electronic payment company, Damen , and BKN301 Group , the London-based digital payments and Banking-as-a-Service provider for the MENA region, have joined forces to implement a new feature for paying gas bills using NFC technology into the ‘Damen Cash’ app.

Payment APIs and Integration

Payment APIs and Integration Financial Inclusion Web 3.0 Embedded Finance

E-Wallets Rise as Leading Payment Method in Southeast Asia

Fintech News

OCTOBER 21, 2024

The Indonesian government has also played a critical part in fostering digital payments. E-wallets gain momentum in the Philippines amid financial inclusion efforts In the Philippines, e-wallet adoption has surged due to the country’s large unbanked population and ongoing efforts from the government to improve financial access.

Financial Inclusion

Financial Inclusion Embedded Finance Payments Push-to-Card

Mexico in Focus: Open Banking and Financial Inclusion

Laos’ Path to Financial Inclusion: Mobile Money, Digital Payments, and Future Growth

Lune: Artificial Intelligence Key to Unlocking Financial Inclusion

Webinars

How can Fintech Improve Financial Inclusion in the Pacific Island Countries?

Paymentology Supports Diamond Trust Bank to Drive Financial Inclusion in Kenya

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

Offline Digital Payments: Boosting Financial Inclusion in India

Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Hibret Bank and Mastercard Launch Prepaid Hibir Mastercard Services to Enhance Digital Financial Inclusion

Comera Pay Secures Approval to Boost UAE’s Cashless Economy

Mastercard Partners with The BENEFIT Company to Drive Payment Innovation and Financial Inclusion in Bahrain

G+D Filia® Unplugged Brings Offline Capability to Digital Payments

Chubb’s Digital Payments and Cyber Scams Survey Finds Growing Impact of Fraud on Consumers; Harms Trust in Payment Methods

Fintechs and payment innovation can lead financial inclusion, and the recovery

Pakistan Launches Payment System To Boost Financial Inclusion

NPCI International to Develop UPI-Like Real-Time Payments Platform in Trinidad and Tobago

NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Mongolia’s Fintech Future: Building a Digital Economy in a Land of Contrasts

Doha Bank and Mastercard Collaborate to Strengthen Digital Payment Services

EBANX Partners with Bancolombia to Streamline Digital Payments in Colombia

Mastercard partners with Central Bank of Jordan to build a more robust digital payment ecosystem in the Kingdom

VEON: The Year Of Digital Financial Inclusion In Developing Markets

EBANX and Ozow Partner to Enhance Digital Payments in South Africa

Mastercard expands partnership with Bank of Punjab to redefine digital payments for Pakistan’s commercial segment

India’s UPI Expansion Signals Global Leadership in Digital Payments: FXC Report

Investors step into 'digital footprint' of gig economy, financial inclusion, digital ID

Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya

Giesecke+Devrient Solution Looks to Remove Connectivity Pain Points for Digital Payment Transactions

EBANX and Ozow Strengthens Partnership to Empower South Africa’s Digital Economy

Paymob, Mastercard team up to boost digital payment acceptance in MENA

Inswitch Becomes the Official Provider for n1co, a Fintech Transforming Digital Payments in Latin America With Visa Cards

Fast-Growing Neobank Lupiya Partners with Network International to Launch Card Product

The Long Term Impact of COVID on the Payments Market

Is cashtech the missing piece in fintech?

Nubank and Mastercard Exclusive Study Reveals Path to Advancing Beyond Access Toward Financial Health

Africa to See Triple-Digits Growth in Consumer Spending Over the Next Decade, EBANX Shows

PayU GPO Strengthens Nigerian Presence with New Country Manager Appointment

Salaam Somali Bank and Mastercard Launch Innovative Digital-First Multi-Currency Prepaid Card

India’s Digital Payments Platform Hits $1.34B In June Transaction Volumes

Mastercard and the Egyptian Banks Company join forces to propel Egypt’s economy into the digital age

Fintech can boost financial inclusion for migrant workers

Visa, GSMA Launch Digital Finance Inclusion Initiative for 20 Million People Globally

Damen Partners With BKN301 to Implement NFC Payments Into Digital Wallet for Bills

E-Wallets Rise as Leading Payment Method in Southeast Asia

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