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
Mexico in Focus: Open Banking and FinancialInclusion 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.
The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.
Financialinclusion, as defined by the World Bank, is crucial for economic development and social progress, ensuring equal access to financial products and services tailored to the needs of both individuals and businesses.
During the past year we’ve seen some ingenious, innovative solutions addressing financialinclusion, and that will need to continue, says GPS CFO Richard Hodgson.
Financialinclusion 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.
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 financialinclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS).
Network will also introduce Alipay+ payment solutions to the online platforms it supports in this region, providing consumers a combined online and offline seamless QR code payment experience by using their home e-wallets or preferred digitalpayment methods. The ceremony was witnessed by H.E.
This infrastructure, which was launched in 2019, has considerably helped boost digitalpayment usage, with Doku reporting a fourfold increase in e-money transactions on its platform in 2022, compared with 2021. But with about 50% of the population still unbanked, the sector is poised for greater growth.
Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.
Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa.
Moniepoint is building an all-in-one, seamlessly integrated platform for African businesses that features services including digitalpayments, banking, foreign exchange, credit, and business management tools. based digital assets platform Zumo. ” CEO Tosin Eniolorunda co-founded the company in 2015.
BKN301 Group , a London-based digitalpayments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financialinclusion. The events aim to educate local stakeholders on the potential of advanced digitalpayment solutions tailored to meet diverse market needs.
Saudi Arabia for Information Systems Technology to operate digitalpayment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digitalpayments market in Saudi Arabia.
Nigerian fintech Moniepoint has secured investment from digitalpayments giant Visa , enabling it to continue its mission to ensure financialinclusion for people across Africa. “Visas investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa.
The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financialinclusion and economic growth. M-Money has significantly improved financialinclusion, providing essential services to a population in need of accessible financial solutions.
Rellevate’s leading digital banking, disbursements, and wallet solutions are designed to unlock access to payments technology for underserved communities. This partnership will continue to yield innovation, financialinclusion, and digital technological education for consumers across the nation.”
Amazon has introduced its Pay It Forward report and campaign aimed at closing the remaining gaps in digitalpaymentinclusivity in Singapore. Despite 78% of seniors adopting e-payments by 2022, a significant digital divide persists, particularly impacting older adults and lower-income groups.
SecurityTech company Giesecke+Devrient (G+D) is making digitalpayments independent of online connectivity. Even in today’s digital-first economy, connectivity issues can present challenges for digitalpayment transactions, especially in rural areas. billion unbanked people worldwide.
By combining Yuno’s payment orchestration capabilities with Nequi’s extensive user base, we are creating powerful synergies that will drive innovation and accessibility in Colombia’s digitalpayment landscape,” commented Catherine Kaupert, Head of Partnerships at Yuno. “At
India has embraced its model for digitalpayments 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.
With digitalpayments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution.
Ant International , the digitalpayment and fintech company, has joined forces with Dock , a payments and banking technology provider in Latin America, to offer new AI-driven credit technology solutions in Brazil. “Ant International is the partner we were looking for to materialise our financialinclusion goals.
Orange Middle East and Africa (OMEA) ( www.Orange.com ) and Mastercard have announced a strategic partnership to expand access to mobile financial services across Sub-Saharan Africa. The partnership will be rolled out in seven countries including Cameroon, Central African Republic, Guinea-Bissau, Liberia, Mali, Senegal and Sierra Leone.
Digitalpayments are transforming global financial systems, reshaping how individuals and businesses transact. In the fintech space, digitalpayments represent a major driver of innovation. The Rise of Embedded Finance Embedded finance is revolutionising the way businesses interact with financial services.
Direct digitalpayments are set to overtake cash transactions in the Asia Pacific region by 2028, according to findings from Euromonitor International. Asia Pacific recorded the highest digitalpayment transaction value in 2023, worth US$ 29,063 billion and accounting for 52% of the global total.
Asia, a region known for its economic diversity, ranging from wealthy nations like Singapore, Japan, and South Korea to emerging powerhouses like China and India, has demonstrated notable unity in embracing financialinclusion. However, as of 2022, about 70 per cent of hawker food vendors have adopted digitalpayments.
The agreement with Network International will reinforce DTB’s digital-first strategy in the Kenyan market. Through this partnership, Network will offer a variety of payment products and services including debit, credit and prepaid card hosting and processing as well as e-Commerce.
We hear from industry experts on how embedded finance ensures the checkout experience is financiallyinclusive. “Doing so accommodates individuals who may not be able to access traditional banking services, or those who prefer to use alternative payment methods.
ZainCash Iraq , a payment service provider and subsidiary of March Holding , has implemented Temenos’ core banking and payments platform to drive the growth and innovation of its digitalpayment services.
Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financialinclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia has also ventured into central bank digital currencies (CBDCs).
The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digitalpayment methods are gaining dominance, and helping improve financialinclusion and accessibility. rate in 2023.
The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digitalpayment options for international visitors. It also supports ongoing efforts to improve digitalpayment infrastructure and streamline transactions for both tourists and businesses.
Mexican digitalpayments and commerce enablement platform Clip announced a major investment this week. The company, which offers a suite of payments and other financial services solutions to small and medium-sized businesses in Mexico, has raised $100 million in new funding. .” Clip was founded in 2012.
The expansion is part of Kuadys broader mission to foster a connected financial ecosystem across the region, with further plans to expand services into Africa and Europe, reinforcing its commitment to improving financial access and innovative payment options.
Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financialinclusion and opening up new opportunities to large underbanked communities in many African countries.
“This new relationship will strengthen the financialinclusion of millions of people who now have tools like Bancolombia A la Mano on their phones, allowing them to make purchases and continue growing in their journey through the formal financial system.”
Digitalpayments have become part of our daily lives and are increasingly crucial to fostering financiallyinclusive economies. Digitalpayments have become part of our daily lives and are increasingly crucial to fostering financiallyinclusive economies.
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 financialinclusion in the country’s dynamic payments ecosystem.
The Indonesian government has also played a critical part in fostering digitalpayments. E-wallets gain momentum in the Philippines amid financialinclusion 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.
In line with Saudi Vision 2030, the project has been launched to build stronger payment platforms and ecosystem, drive digital transformation, and strengthen the national economy through locally relevant technology.
This will contribute to the ongoing growth of the digital bank’s loan portfolio and promote financialinclusion in Uzbekistan, Central Asia’s largest country by population. This investment will help TBC UZ reach more individuals with vital financial services, fostering economic resilience and development in the region.”
This partnership between n1co and Inswitch promotes financialinclusion among a large portion of the Salvadoran population, especially youth, providing them easy access to their first financial instruments.
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