Remove Digital Payments Remove Financial Inclusion Remove Interoperability
article thumbnail

Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

This infrastructure, which was launched in 2019, has considerably helped boost digital payment 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.

article thumbnail

Finovate Global Nigeria: A New Unicorn, Mobile Wallets, and the Pursuit of Financial Inclusion

Finovate

Moniepoint is building an all-in-one, seamlessly integrated platform for African businesses that features services including digital payments, banking, foreign exchange, credit, and business management tools. based digital assets platform Zumo. ” CEO Tosin Eniolorunda co-founded the company in 2015.

article thumbnail

Cambodia’s Bakong Tourists App Now Supports Visa Cards for Payments

Fintech News

The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digital payment options for international visitors. It also supports ongoing efforts to improve digital payment infrastructure and streamline transactions for both tourists and businesses.

article thumbnail

Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

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 financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

article thumbnail

Offline Digital Payments: Boosting Financial Inclusion in India

M2P Fintech

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

article thumbnail

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

Fintech Finance

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.

article thumbnail

5 Things to Know About SGQR+, Singapore’s Unified Payments QR

Fintech News

Looking ahead, the Monetary Authority of Singapore (MAS) has introduced the SGQR+, an innovative concept aimed at revamping Singapore’s QR payments infrastructure for the future. Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants.,