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.

Economy 115

Economy FinTech Governance Government 115

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.

Financial Inclusion 119

Financial Inclusion Innovation Payments NOV 119

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.

Financial Inclusion 59

Financial Inclusion Underserved Small Business Finance 59

PYMNTS

JANUARY 11, 2021

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. One goal for the company, according to Reuters, is to boost the role of women in the formal economy.

Financial Inclusion 95

Financial Inclusion Payments Government Governance 95

Fintech News

SEPTEMBER 3, 2024

Thailand’s Prime Minister Paetongtarn Shinawatra announced that a portion of the government’s 450 billion baht (US$13.1 The digital handout, a central part of the ruling Pheu Thai Party’s election platform, aims to stimulate the Thai economy, which grew by 2.3%

Adjustments 112

Adjustments Government Governance Central Bank 112

PYMNTS

JANUARY 22, 2021

This is financial exclusion on a global scale, and as we emerge into 2021, I believe the private sector and governments everywhere must work more closely to improve financial inclusion and reduce the world’s unbanked population. Yet, as the developed world progresses further into cashless living, for the 1.7

Financial Inclusion 73

Financial Inclusion Economy Agreements Small Business 73

Fintech Finance

SEPTEMBER 27, 2024

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.

Real Time Payments 98

Real Time Payments Financial Inclusion Central Bank International Payments 98

Fintech News

OCTOBER 21, 2024

The Indonesian government has also played a critical part in fostering digital payments. E-wallets gain momentum in the Philippines amid financial inclusion 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.

Financial Inclusion 79

Financial Inclusion Embedded Finance Payments Push-to-Card 79

Fintech Finance

AUGUST 27, 2024

We are excited to extend our partnership with Mexipay to bring the benefits of real-time payments to the Mexican economy,” said Alberto Olivares, head of Latin America, ACI Worldwide. But despite its head start in the region, the country is one of the slowest-growing real-time markets in Latin America, with a projected CAGR of 7.8%

Instant Payments 97

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 97

Fintech Finance

MARCH 5, 2024

The collaboration supports the Central Bank of Jordan’s broader efforts to unlock economic growth through promoting acceptance of digital payments, increasing financial inclusion, and combatting high cash usage. It paves the way for a more connected economy that fosters innovation, drives inclusion, and fuels economic growth.

Central Bank 52

Central Bank Visa Digital Payments Financial Inclusion 52

Fintech Finance

OCTOBER 4, 2024

The giant Egypt will accelerate growth by 167%, while the smaller economies, like Ethiopia, will grow by an impressive 429% in the next decade. The digital economies of India, Latin America, and Africa together will surpass US$ 1.3 Kenya (115%), Morocco (107%), Ghana (106%), and South Africa (42%) are also mentioned in the analysis.

Consumer 98

Consumer Credit Cards Online and Mobile Banking Economy 98

Fintech News

SEPTEMBER 30, 2024

Around 60 digital banking industry leaders from Malaysia gathered at the event, joined by Swedish and Malaysian government representatives. Niklas Wiberg expressed support for Vilja’s initiative and highlighting the importance of promoting innovation that drives economic growth and financial inclusion.

FinTech 105

FinTech APACS Economy Financial Inclusion 105

PYMNTS

MARCH 1, 2017

One of them is that too many people in the world are denied access to banking and financial services of any kind. That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted. The second? What’s Next.

Financial Inclusion 60

Financial Inclusion Visa Interoperability Economy 60

Fintech Finance

SEPTEMBER 12, 2024

Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion. According to the latest data, levels of inclusion have improved ( [link] ) from 59.3% At Lupiya, we are driven by the mission to revolutionise financial inclusion across Africa.

Product 98

Product Financial Inclusion Debit Card Digital Payments 98

PYMNTS

JANUARY 3, 2020

With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. Small- to medium-sized businesses (SMBs) are now a critical component of the government’s push for economic growth. Addressing The Digitization Gap. ”

Financial Inclusion 48

Financial Inclusion On-Demand FinTech Value Added Service 48

The Fintech Times

MAY 29, 2024

Much of the Middle East is focused on enabling a cashless economy, with Saudi Arabia’s Vision 2030 setting a target for its financial sector to achieve 70 per cent of non-cash transactions by 2030 and the United Arab Emirates (UAE) actively promoting digital payments.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Open Banking Excellence

JULY 1, 2024

Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. It’s your North Star.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

PYMNTS

JANUARY 24, 2020

To create a framework for the international governance of cryptocurrencies, the World Economic Forum (WEF) has reportedly formed a worldwide consortium.

Government 52

Government Governance Digital Currency Cryptocurrency 52

Fintech Finance

AUGUST 21, 2024

Since joining Mastercard in 2013, she has partnered with governments and corporations to spearhead the adoption of B2B platforms, enhancing the efficiency and transparency of cross-border trade in Asia Pacific. In the past six years, Winnie played a pivotal role in establishing an ecosystem for safe and secure payments in these markets.

Visa 98

Visa Cross-Border Economy Financial Inclusion 98

Open Banking

SEPTEMBER 5, 2024

Open Banking Limited (OBL) will be attending Labour Party and Conservative Party Conferences this year to highlight how open banking is driving financial innovation, bringing wide-ranging benefits to consumers and SMEs, and acting as the foundation and a catalyst for a smart data economy.

Financial Inclusion 52

Financial Inclusion Economy Authorization SWIFT 52

The Fintech Times

SEPTEMBER 3, 2024

Further findings from the World Bank, also found that the country’s gross domestic product (GDP) per capita was around $3,950 establishing the country as a low-middle income economy. The Association of Southeast Asian Nations (ASEAN) has helped develop and diversify the economy by making infrastructure investments.

Accounts 59

Accounts Financial Inclusion FinTech Economy 59

Fintech Finance

SEPTEMBER 4, 2024

By integrating communication and secure financial transactions on one platform, Union54’s ChitChat has the potential to drive significant economic growth, foster entrepreneurship, and enhance financial inclusion throughout Africa. Our goal is to create secure and efficient spaces for communication and transactions.

Debit Card 98

Debit Card Visa Payment APIs and Integration Instant Payments 98

Clearly Payments

MARCH 11, 2024

Recognizing the potential risks and opportunities associated with cryptocurrencies, Canadian regulatory bodies have been proactive in developing frameworks to govern their use. Focus on Consumer Protection: The government seems more focused on consumer protection and staying informed about the evolving crypto landscape.

Cryptocurrency 83

Cryptocurrency Financial Inclusion Consumer Protection Payments 83

Fintech Finance

JANUARY 22, 2024

SMEs are the backbone of the economy. In line with our commitment to driving financial inclusion, Mastercard has pledged to bring 50 million micro, small and medium enterprises worldwide into the digital economy by 2025. According to government data, they contribute 63.5% per cent to the nation’s non-oil GDP.

Visa 90

Visa Small Business Economy Non-Bank 90

The Fintech Times

MARCH 14, 2024

This rapid growth can be attributed to several important factors, such as the successful advancement of digital transformation , widespread mobile adoption, favourable regulatory policies and forward-thinking government investments in talent and innovation.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

The Fintech Times

OCTOBER 4, 2024

“India has recently achieved unprecedented levels of financial inclusion and is actively promoting the adoption and growth of the online sector,” explains Rashmi Satpute , country director of India at EBANX. Meanwhile, Ethiopia’s smaller economy is estimated to experience a huge 429 per cent growth.

Consumer 52

Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

Fintech News

FEBRUARY 26, 2024

The commitment to financial inclusion is particularly pronounced in emerging markets and developing economies (EMDEs), where fintech firms are actively extending financial products and services to segments historically neglected by traditional financial institutions.

FinTech 142

FinTech Consumer Financial Inclusion On-Demand 142

The Fintech Times

SEPTEMBER 10, 2024

In 2024, China’s fintech landscape is playing an increasingly central role in its economic development, as the country continues to solidify its position as the world’s second-largest economy. China’s economy is diverse, with leadership across various sectors, including manufacturing, agriculture, and financial services.

FinTech 59

FinTech Online and Mobile Banking Digital Currency Central Bank 59

Fintech Finance

DECEMBER 13, 2023

According to ACI’s 2023 Prime Time for Real-Time report, real-time payments transactions in Latin America’s 4 th biggest economy are expected to jump from 15 million in 2022 to 92 million in 2027, a five-year CAGR of 43.4%. Real-time payments improve liquidity in the financial system and overall market efficiencies in the economy.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

Fintech Finance

MAY 16, 2024

As Mastercard and ABHI unite to advance financial wellness across the region, this partnership signifies a leap toward fostering a secure digital economy. “At ABHI, we’re embarking on a journey with Mastercard to redefine financial empowerment. .

Visa 52

Visa Financial Inclusion Embedded Finance Payroll 52

Open Banking Excellence

NOVEMBER 7, 2023

Many people in the UK are opposed to a government-issued ID. In some sections of society there is still an innate aversion to the idea of government having a deeper sight of citizen transactions. This creates an opportunity for the financial services sector. This bank-centric form of digital identity already exists in the UK.

Due Diligence 130

Due Diligence Ubiquitous Governance Government 130

The Fintech Times

FEBRUARY 19, 2024

How businesses and countries are moving to a cashless societies Michael Brauneis, managing director and global financial services industry leader at Protiviti In an era of technological advancements and evolving consumer preferences, the global economy is witnessing a historic shift towards a cashless society.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

Fintech News

AUGUST 12, 2024

The report, titled “Fintech – powering India’s US$5 trillion economy by fostering innovations, enabling inclusion and building a sustainable future”, provides an overview of the current state of fintech trends in India. Holistic inclusion, beyond financial inclusion Holistic inclusion is another key theme in the financial sector.

Embedded Finance 109

Embedded Finance FinTech Non-Bank Cross-Border 109

The Fintech Times

SEPTEMBER 5, 2024

Together, the organisations will foster an inclusive digital economy. Perseus Mlambo, CEO of Union54 Perseus Mlambo , CEO of Union54 commented: “The internet has transformative potential for both individuals and governments. This will be made all the more effective with secure financial transactions enabled by Paymentology.

Payment APIs and Integration 59

Payment APIs and Integration Debit Card Financial Inclusion Visa 59

PYMNTS

JULY 26, 2020

He told the newspaper that it will be a challenge to convince other countries to accept UPI because governments prefer regulatory control. Its proponents insist UPI has revolutionized financial inclusion in the county of 1.4 There’s a huge opportunity,” Shah said. The challenge is obviously the trust part.”.

Volume 123

Volume Transactions Digital Payments Online and Mobile Banking 123

Fintech News

APRIL 17, 2024

Prime Minister Srettha Thavisin has officially launched a new digital wallet scheme in Thailand aimed at benefiting approximately 50 million citizens to energise the country’s economy. The programme’s rollout follows a fulfillment of the government’s electoral promise to improve livelihoods and stimulate economic activity.

Economy 122

Economy Legal Facilitators Compliance 122

PYMNTS

JULY 2, 2020

OPay , the SoftBank -backed African eCommerce and payments company, has suspended its Nigerian operation, citing the coronavirus pandemic and also a government ban, Bloomberg reports. But Central Bank of Nigeria Governor Godwin Emefiele said he was committed to boosting jobs and the economy, which would include modern payments services.

Online and Mobile Banking 79

Online and Mobile Banking Central Bank Financial Inclusion Government 79