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 104

Financial Inclusion Financial Literacy AI FinTech 104

Fintech News

APRIL 3, 2024

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.

Financial Inclusion 118

Financial Inclusion FinTech Financial Literacy Non-Bank 118

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 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

The Fintech Times

JULY 13, 2024

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 financial inclusion. This widespread adoption of mobile technology has been a key driver in the popularity of QR payments.

Financial Inclusion 59

Financial Inclusion Cross-Border Payments Cross-Border Payments 59

Fintech Finance

OCTOBER 29, 2024

With digital payments 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.

Digital Payments 96

Digital Payments Financial Inclusion Payments Underserved 96

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 104

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 104

Fintech News

NOVEMBER 4, 2024

Amazon has introduced its Pay It Forward report and campaign aimed at closing the remaining gaps in digital payment inclusivity in Singapore. Despite 78% of seniors adopting e-payments by 2022, a significant digital divide persists, particularly impacting older adults and lower-income groups.

Digital Payments 94

Digital Payments Financial Inclusion Best Practices Payments 94

Fintech Finance

NOVEMBER 21, 2024

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.

Payment Networks 96

Payment Networks Digital Payments Stablecoins Digital Currency 96

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. But with about 50% of the population still unbanked, the sector is poised for greater growth.

Financial Inclusion 109

Financial Inclusion Innovation Payments NOV 109

The Fintech Times

SEPTEMBER 2, 2024

Ant International , the digital payment 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 financial inclusion goals.

Financial Inclusion 72

Financial Inclusion AI Underserved Underwriting 72

Fintech Finance

OCTOBER 29, 2024

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.

Visa 91

Visa Digital Payments Financial Inclusion Online and Mobile Banking 91

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 59

Financial Inclusion Visa Innovation Funds Transfer 59

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, a Southeast Asian nation with a complex history, has undergone significant transformation.

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

The Fintech Times

OCTOBER 28, 2024

Network International, a digital commerce player in the Middle East and Africa (MEA), has partnered with global digital payment provider Ant International to bring expanded digital payment options to businesses across the region. Alipay+ currently connects over 30 digital payment methods across the world.

Digital Payments 64

Digital Payments Financial Inclusion Payments Agreements 64

The Fintech Times

MAY 27, 2024

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 digital payment services. Established in 2015, ZainCash has grown rapidly, achieving over 1.2

Financial Inclusion 59

Financial Inclusion Payment APIs and Integration Technology Central Bank 59

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 94

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 94

Fintech Finance

AUGUST 28, 2024

a fintech empowering consumers with innovative services for flexible money access, has announced a partnership with Mastercard to continue scaling payments and disbursements services in the public sector. Lucie Public Schools, and Foster Care Agencies with a first-of-its-kind digital wallet solution, among many others.

Visa 84

Visa Digital Payments Financial Inclusion Underserved 84

The Fintech Times

OCTOBER 10, 2024

There is room for optimism Time for change There have been various government initiatives across the region to help bring about greater financial inclusion. For instance, the Fiji government is currently implementing its National Financial Inclusion Strategy 2022-2030. appeared first on The Fintech Times.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

The Fintech Times

NOVEMBER 6, 2024

Digital payments have seen tremendous growth across 2024, and looking to keep this trend going in Italy and beyond, Italian international banking group, Intesa Sanpaolo has renewed its multi-year strategic partnership agreement with payments giant, Visa. Stoppani , country manager Visa Italy.

Digital Payments 59

Digital Payments Financial Inclusion Value Added Service Agreements 59

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.

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Financial Inclusion Innovation FinTech Addressing 122

The Fintech Times

AUGUST 15, 2024

Meanwhile, Network will enable NOW Money to offer faster, more reliable and secure transactions through its payments solutions. We are committed to supporting NOW Money’s growth strategy of promoting financial inclusion by providing innovative payment solutions.

Financial Inclusion 59

Financial Inclusion Payroll Mobile Banking Innovation 59

The Fintech Times

OCTOBER 25, 2024

In 2016, two key events changed India’s approach to digital finance. The first event was the introduction of the Unified Payments Interface (UPI) by the National Payments Corporation of India (NPCI), a nonprofit organisation backed by India’s central bank and leading banks. making transactions straightforward and accessible.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

The Fintech Times

APRIL 29, 2024

We hear from industry experts on how embedded finance ensures the checkout experience is financially inclusive. “Doing so accommodates individuals who may not be able to access traditional banking services, or those who prefer to use alternative payment methods. “One example is embedded lending for merchants.

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Embedded Finance Financial Inclusion Finance Alternative Payment Methods 64

Finovate

JUNE 21, 2024

Mexican digital payments 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.

Financial Inclusion 63

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 63

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 52

Financial Inclusion Visa Online and Mobile Banking Cross-Border 52

The Fintech Times

MARCH 8, 2024

the oldest bank in Rwanda and licensed by the Central Bank of Rwanda , and Network International (Network) have partnered to improve financial inclusion in the country. The agreement with Network International will reinforce I&M Bank’s digital-first strategy and leadership in the Rwandan market.

Financial Inclusion 59

Financial Inclusion Fraud Prevention Value Added Service Gateways 59

Fintech Finance

AUGUST 12, 2024

Yuno , the leading global payments orchestration platform, today announces its strategic partnership with Nequi , a digital financial platform with more than 20 million users from diverse backgrounds in Colombia that aims to make people’s daily lives easier.

Financial Inclusion 70

Financial Inclusion Encryption Global Payments Innovation 70

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 91

Scams Digital Payments Consumer Payments 91

The Fintech Times

OCTOBER 23, 2024

Governmental initiatives across the Middle East and North Africa (MENA) are successfully encouraging consumers to adopt digital payments, while the region is also quickly aligning with global standards, payment solutions provider Checkout.com has revealed.

Facilitators 72

Facilitators Government Governance Digital Payments 72

Fintech Finance

OCTOBER 23, 2024

Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, supporting the acceleration of the Kingdom’s digital commerce.

Visa 91

Visa Digital Payments Gateways Technology 91

PYMNTS

JANUARY 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books.

Financial Inclusion 95

Financial Inclusion Payments Government Governance 95

Fintech News

OCTOBER 21, 2024

Indonesia and the Philippines lead in e-wallet usage, with 92% and 87% of respondents, respectively, using the payment method, especially QR payments and mobile payment apps. The Indonesian government has also played a critical part in fostering digital payments.

Financial Inclusion 140

Financial Inclusion Embedded Finance Payments Push-to-Card 140

Fintech News

MAY 14, 2024

Direct digital payments are set to overtake cash transactions in the Asia Pacific region by 2028, according to findings from Euromonitor International. Asia Pacific recorded the highest digital payment transaction value in 2023, worth US$ 29,063 billion and accounting for 52% of the global total.

Digital Payments 99

Digital Payments Debit Card APACS Credit Cards 99

Fintech Finance

SEPTEMBER 27, 2024

NPCI International Payments Limited (NIPL) has entered into a strategic partnership with the Ministry of Digital Transformation (MDT) of Trinidad and Tobago to develop a real-time payments platform similar to India’s ‘Unified Payments Interface’ (UPI).

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

Fintech Finance

OCTOBER 17, 2024

Premier Bank , in collaboration with Mastercard and Tappy Technologies , has launched Tap2Pay, making Premier Bank the first Somali Bank in Africa to launch tokenized-passive payment wearables. Tokenization is at the heart of the next generation of secure, contactless payments. With the global wearables market expected to reach $80.39

Visa 110

Visa Technology Financial Inclusion Contactless Payments 110

Fintech Finance

JULY 23, 2024

Amidst surging interest in digital payment solutions across the country influenced by rising internet penetration and mobile phone usage,[1] Network will enable DTB to benefit from advanced digital payment solutions, robust security protocols and a sophisticated API gateway.

Digital Payments 90

Digital Payments Fraud Prevention Financial Inclusion Gateways 90

Fintech Finance

APRIL 3, 2024

Damen , a leading electronic payment company and innovator in the field of digital transactions, in collaboration with BKN301 Group , a leading digital payments and Banking-as-a-Service provider in the MENA region, officially launched new mobile application, “Damen Cash”.

Financial Inclusion 40

Financial Inclusion Payments Digital Payments FinTech 40