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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
SEPTEMBER 27, 2024
Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force. Developing region As with many developing economies, Myanmar’s informal sector plays a crucial role. The Covid-19 pandemic had a significant impact on Myanmar’s economy.
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.
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 Payments Association
JANUARY 10, 2024
Advancing Global Economies Through Financial Inclusion Financial inclusion is reshaping the global economy by making financial services accessible to underserved populations. Read more
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).
Finezza
JUNE 28, 2024
India, a rapidly growing economy with over 1.4 billion people, faces significant challenges in financial inclusion. Since independence, its banking sector has evolved through four distinct phases: Pre-social banking (1950-1969), Social banking (1969-1990), and two Liberalisation periods (1990-2005, 2005-present).
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.
The Fintech Times
OCTOBER 1, 2024
Having originally launched in Mexico in February 2024, inDrive Money improves financial inclusion for gig economy workers. “Our embedded solution within the inDrive platform allows for quick, easy, and seamless access to capital, advancing financial inclusion throughout the country.
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.
Finezza
DECEMBER 19, 2023
India is a young and developing economy with a population of more than 1.4 billion people. Until the last decade, the country grappled with various challenges across multiple fronts, hindering its overall progress.
The Fintech Times
MAY 23, 2024
Leveraging technologies like advanced data encryption, the company aims to power faster digital payments and help advance the UAE’s cashless economy. “We We are thrilled to receive this approval which allows us to bring our vision for Comera Pay to life,” said Akhtar Saeed Hashmi, MD of Comera Financial Holding. “By
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The Fintech Times
APRIL 17, 2024
The gig economy sees workers paid for the ‘gigs’ they do, often via digital platforms, such as offering food delivery or taxi services – made highly popular by the likes of Uber , Deliveroo and Bolt. To find out more, we asked industry leaders about the impact embedded finance is already having on the gig economy.
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The Fintech Times
DECEMBER 13, 2024
The expansion into Ecuador and the launch of our virtual prepaid Mastercard in Argentina mark major milestones in our journey to drive financial inclusion and innovation across Latin America,” said Lorenzo Pellegrino , CEO at Kuady.
The Fintech Times
JANUARY 10, 2024
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. The campaign aims to promote freedom of payment choice popular with locals – ensuring financial inclusion. Not necessarily.
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.
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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The Fintech Times
OCTOBER 23, 2024
Produced in collaboration with The Centre for Economics and Business Research , the second ‘ Real-Time Payments: Economic Impact and Financial Inclusion ‘ report from ACI Worldwide reveals an empirical link between real-time payments and financial inclusion. By 2028, 167.2 By 2028, 167.2
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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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.
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.
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 News
DECEMBER 1, 2024
Despite their crucial role in economic growth and job creation, nearly half of all MSMEs in Asia and the Pacific are either unserved or underserved by financial institutions. Bhargav Dasgupta “MSMEs are the backbone of economies across Asia and the Pacific, yet many struggle to obtain adequate finance.
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The Fintech Times
JUNE 23, 2024
With the support of local regulators, Pyypl can also provide access to prepaid Visa cards in other markets, fast-tracking financial inclusion across the MEA region. This not only gives them access to the digital economy, but also helps them thrive in this increasingly digital age.”
Payments Source
JULY 1, 2020
During the wave of fintech innovation that has occurred over the past decade or so, innovators have gone without meaningful and reliable access to the financial data and processing ecosystem.
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The Fintech Times
MAY 27, 2024
This move aligns with the strategic goals of the Iraqi government and the central bank to enhance financial inclusion and expedite the digital transformation of the national economy. The post ZainCash Adopts Temenos Technology to Expand Financial Inclusion in Iraq appeared first on The Fintech Times.
Neopay
OCTOBER 23, 2024
The report leverages data from 40 countries and reveals for the first time an empirical link between real-time payments and financial inclusion. Real-time payments act as a powerful catalyst for economic growth and societal transformation in modern, digital economies. Moreover, over the next four years, 167.2
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
AUGUST 6, 2024
Both Microsoft , the software provider, and dLocal , the payments platform, are on a mission to become more financial inclusive and drive digital transformation. It will also ensure seamless, secure, and efficient financial transactions,” said Sergio Fogel , co-founder and chief strategy officer at dLocal.
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 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. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.
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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.
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.
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.
Finovate
JUNE 21, 2024
.” Babatz continued, “More broadly, (the investment) provides even further validation of our mission to open access to digital payments, financial services, and technology solutions to SMBs in the country. Clip was founded in 2012.
The Fintech Times
OCTOBER 30, 2024
While this represents a significant step forward, should financial inclusivity have moved further ahead by now? Solving credit invisibility requires more inclusive and creative solutions that open up financial opportunities for everyone, not just a select few. Then we’ll make real progress.”
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.
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 News
SEPTEMBER 1, 2024
Nikhilesh Goel Nikhilesh Goel, Co-founder and Group CEO of Validus said, “By leveraging Batumbu’s unique position as the largest and only profitable digital SME financing platform in the country, we are committed to unlocking new opportunities for businesses, driving economic growth, and enhancing financial inclusion.
The Fintech Times
SEPTEMBER 19, 2024
Lighthub Asset and WeLab’s venture (the consortium) will improve financial inclusion in Thailand. Its features will be tailored to solopreneurs and micro, small and medium enterprises (MSMEs) facing unstable income and limited financial access.
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. Diverse Functionality: Users can immediately utilize the received funds across various app features, promoting a cashless economy and fostering greater financial inclusivity.
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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