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Economy Finance 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.
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.
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.
The Fintech Times
APRIL 17, 2024
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.
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Fintech News
DECEMBER 1, 2024
The Asian Development Bank (ADB) and the Mastercard Impact Fund have forged a new partnership to tackle the pressing financing challenges faced by MSMEs in Asia and the Pacific. The programme will prioritise women-led or -owned MSMEs and those engaged in climate finance. said ADB’s Vice-President for Market Solutions Bhargav Dasgupta.
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FICO
OCTOBER 25, 2016
That’s why FICO has announced the FICO Financial Inclusion Initiative , a global effort to increase access to affordable credit for consumers and businesses with limited or no credit history. Over the last 27 years, the FICO Score has brought additional gains to the United States economy. The initiative has already drawn praise.
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).
The Fintech Times
OCTOBER 1, 2024
Seventeen cities across Colombia will now have access to inDrive Money, a service that offers income-based financing to drivers, as inDrive , the global mobility and urban services platform expands its service into the country. This will depend on their activity on the inDrive app.
Fintech Finance
OCTOBER 4, 2024
Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. Paysend is taking a lead in financial inclusion throughout the LATAM (Latin American) Region with the launch of Paysend Libre in Mexico.
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. Indonesia also has the largest digital economy in Southeast Asia, a sector that reached a gross merchandise value of US$82 billion in 2023.
Fintech News
DECEMBER 14, 2023
Oradian, a fintech firm based in Makati, Manila , has notably improved financial sector access, especially in Southeast Asia. They were key contributors in a panel at the Singapore Fintech Festival , discussing the role of profitable scalability in financial inclusion.
Fintech News
JULY 1, 2024
Validus Group, a digital SME financing platform based in Singapore, has secured a total of US$17.57 million in debt financing from both Oikocredit and FMO to support small and medium-sized enterprises (SMEs) in Indonesia. Together, we aim to create a lasting impact on the Indonesian economy.” million (US$2.57
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The Fintech Times
AUGUST 14, 2024
Al Fardan Exchange, a financial services provider in the UAE, has partnered with the Dubai AI & Web3 Festival 2024 reflecting its commitment to advancing AI integration within the financial sector as well as supporting the UAE’s vision for a digitally advanced economy.
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Fintech Review
JULY 10, 2024
Decentralised Finance (DeFi) platforms are revolutionising financial services, particularly in emerging markets where traditional banking infrastructure is lacking. These platforms leverage blockchain technology to create open, accessible, and secure financial systems that operate without the need for intermediaries like banks.
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Fintech News
DECEMBER 4, 2024
This is embedded finance at work, and it’s quietly transforming the way we interact with money – without most of us even realising it. Wait, What’s Embedded Finance? If you’ve never heard of embedded finance , don’t worry. Why Is Embedded Finance Such A Big Deal? You’re probably using it every day.
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Fintech Finance
NOVEMBER 19, 2024
. “From addressing the lending gap, to providing tools for financial independence, every aspect of our platform is designed with women’s empowerment in mind.” We’re not just solving a market need by empowering women; we’re unlocking the full potential of an economy that has been overlooked for far too long.
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Fintech News
FEBRUARY 26, 2024
Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. Chiagozie Nwabuebo “At Visa, we believe that digital payments are critical to including everyone in the digital economy by helping provide access to economic livelihood.
Fintech Finance
NOVEMBER 26, 2024
This strategic expansion aims to boost financial inclusion by providing efficient, affordable cross-border payment solutions to one of the world’s fastest-growing economic regions. Remittances are vital in supporting households, small businesses, and local economies across Africa. In 2023, remittances accounted for nearly 1.5
The Fintech Times
JANUARY 10, 2024
Technological developments are taking place in LatAm primarily due to the need for greater access to finance. In December 2023, Tenpo , the Chilean digital bank, called out the US corporation for failing to take into account financially inclusive payment methods that were popular among Chileans. Not necessarily.
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.
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Fintech News
DECEMBER 2, 2024
Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. rate in 2023.
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.
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.
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Fintech Finance
OCTOBER 21, 2024
ACI Worldwide’s second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40 countries and reveals—for the first time—an empirical link between real-time payments and financial inclusion. Top five countries for financial inclusion uplift (number of newly banked citizens): Pakistan – 63.5
Fintech Finance
NOVEMBER 18, 2024
The current cross-border payment system imposes high costs on businesses and economies worldwide, stifling economic potential and limiting financial inclusivity. Challenges to financial inclusivity Cross-border payment challenges disproportionately affect low-income individuals and small businesses in developing regions.
Fintech News
SEPTEMBER 1, 2024
The funds will be used to expand financial access for micro, small, and medium enterprises (MSMEs) in Indonesia through Validus’ Indonesian subsidiary, Batumbu. This funding aims to support Indonesian MSMEs by providing them with more accessible financing options, addressing financial barriers, and helping to drive economic growth.
The Fintech Times
DECEMBER 26, 2023
Dmitry Borodin, head of decision analytics at Creditinfo, discusses the importance of using alternative data to achieve fair and accessible finance for underserved populations, including those with little or no credit history, small and medium enterprises (SMEs), and young and female demographics in emerging economies.
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.
The Fintech Times
MAY 22, 2024
InvoiceMate , a blockchain and AI-powered invoice financing enabler has agreed to support the retail supply chain across the UAE alongside retail technology provider 24SEVEN , as part of a new partnership. “We’re excited to bring InvoiceMate’s game-changing blockchain financing solutions to our retail partners. .
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Finovate
JUNE 21, 2024
We are excited to leverage this financing round to continue to expand and strengthen our offerings to empower more stakeholders across Mexico’s economy.” The company will use the new capital to accelerate product development and support its efforts to leverage technology to enhance financial inclusion in Mexico.
Fintech News
FEBRUARY 14, 2024
The International Finance Corporation (IFC) has made a substantial equity investment of up to US$23.8 million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms.
The Fintech Times
NOVEMBER 9, 2024
In the last five years, Sri Lanka’s economy has struggled greatly. Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. From being one of the strongest markets in South Asia, it has since fallen from grace.
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Fintech News
FEBRUARY 26, 2024
World Economic Forum and the Cambridge Centre for Alternative Finance The Driving Forces Behind Fintech Industry Rise Central to the fintech narrative is the remarkable surge in consumer demand for digital financial services. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.
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Fintech News
OCTOBER 21, 2024
Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.
Fintech Finance
OCTOBER 29, 2024
To promote financial inclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. The demand for efficient and user-friendly financial solutions is paramount, especially among the unbanked population, which stands at approximately 40% of the adult population in Peru.
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.
The Fintech Times
AUGUST 23, 2024
Adriana Cárdenas, general manager of Visa in Colombia “For us, this opportunity represents the possibility of continuing to contribute to the development and financial inclusion of Colombia through technologies that allow for greater security and ease in payment systems,” said Adriana Cárdenas , general manager of Visa in Colombia.
The Fintech Times
OCTOBER 3, 2024
According to the Asian Development Bank (ADB), the country’s economy is dominated by agriculture and capital-intensive extractions of gold, oil, copper and silver. The informal economy also plays a major role in the country, as 87 per cent of the population relies on it for their livelihood.
Fintech Finance
NOVEMBER 21, 2024
“This alliance highlights our dedication to advancing financial inclusion and economic development in the region. The post Mastercard Collaborates With New Africa Technology to Launch Fintech Card in Senegal, Côte D’ivoire, and Benin appeared first on FF News | Fintech Finance.
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Fintech News
JUNE 26, 2024
Notable investments include Grab, Home Credit, Akulaku, the establishment of the Garuda Fund, and DMI Finance. This is a significant milestone for Ascend Money, which not only validates our commitment to innovation and financial inclusion in Thailand but also demonstrates a growing interest and confidence in Ascend Money’s potential.”
The Fintech Times
OCTOBER 30, 2024
While this represents a significant step forward, should financial inclusivity have moved further ahead by now? Embedded finance is key – digital wallets and embedded lending integrated into everyday platforms make financial services instantly accessible to those left out by traditional banking.
Open Banking Excellence
JULY 1, 2024
This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. It’s your North Star.
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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.
Fintech Finance
JUNE 24, 2024
The partnership with Visa is a testament to Pyypl’s mission to democratise access to financial services, its innovative business model and the large market opportunity – as well as highlighting Visa’s trust in Pyypl to accelerate financial inclusion.
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