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.

Financial Inclusion 52

Financial Inclusion Financial Literacy Governance Government 52

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.

Financial Inclusion 64

Financial Inclusion Digital Payments Cross-Border Central Bank 64

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.”

Financial Inclusion 59

Financial Inclusion Embedded Finance Non-Bank Consumer 59

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.

Financial Inclusion 59

Financial Inclusion Payment APIs and Integration Technology Central Bank 59

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.

Economy 85

Economy Online and Mobile Banking Central Bank Financial Inclusion 85

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

The Fintech Times

OCTOBER 23, 2024

“As governments in the region implement forward-thinking policies, the interplay between regulation and businesses becomes increasingly vital. Establishing a unified system akin to other regions could streamline processes, enhance cross-border transactions, and promote greater financial inclusion.

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Facilitators Governance Government Digital Payments 72

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

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 102

Financial Inclusion Innovation Payments NOV 102

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 Governance Government 95

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

Real Time Payments 85

Real Time Payments Financial Inclusion Instant Payments Accounts 85

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 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 90

Adjustments Governance Government Central Bank 90

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 135

Financial Inclusion Embedded Finance Payments Push-to-Card 135

Finextra

OCTOBER 30, 2024

New trends in payments are emerging, with regulator-led innovations sparking 'coopetition' among governments, private companies, and big tech.

ISO 20022 69

ISO 20022 Regulations Innovation ISOs 69

The Fintech Times

OCTOBER 23, 2024

According to the World Bank , the country has a gross domestic product per capita of around $2,389 – while its economy is reliant on energy resources in the Timor Sea. Tackling these challenges Despite these challenges, the fintech industry could certainly play a role in improving financial inclusion for citizens of Timor-Leste.

Financial Inclusion 101

Financial Inclusion FinTech Credit Union Financial Literacy 101

Fintech Finance

SEPTEMBER 24, 2024

The government is producing a much needed National Payments Vision and Strategy (NPV&S), that reflects its recognition of the systemic importance of payments to the UK authorities and how its leadership must give rise to a new era for payments. Prioritise initiatives and decide on investment programmes.

Cross-Border Payments 74

Cross-Border Payments Financial Inclusion Cross-Border Financial Crimes 74

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 97

Real Time Payments Financial Inclusion Central Bank International Payments 97

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 83

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 83

The Fintech Times

OCTOBER 25, 2024

The country’s journey from a cash-dominated economy to a digital leader began to take shape in 2016, a pivotal year for India’s financial arena. The second event was the government’s sudden demonetisation of the 1,000 and 500 rupee notes in November 2016. With a population of over 1.4

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

The Fintech Times

NOVEMBER 14, 2024

All four have historically been very cash-reliant, with access to traditional financial services being restricted. In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. Nonetheless, the advent of fintech could prove fruitful for all four countries.

FinTech 72

FinTech Online and Mobile Banking Financial Inclusion Central Bank 72

Fintech Finance

OCTOBER 29, 2024

Sibstar, the UK’s leading debit card and app for people living with dementia, is today calling for banks and governments to work closer together to ensure safer spending for financially vulnerable people. I hope that today’s call to action acts as a pivotal moment in driving financial inclusion across the sector.

Financial Inclusion 116

Financial Inclusion Debit Card Scams Finance 116

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

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

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 Small Business 48

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 87

Product Financial Inclusion Debit Card Digital Payments 87

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

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 89

FinTech APACS Economy Financial Inclusion 89

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.

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Use Case Cross-Border Regulations Best Practices 130

The Fintech Times

NOVEMBER 13, 2024

Recogning that the majority of financial planning services in Africa target wealthy and upper-middle-class customers, DigMo instead aims to support the large and growing segment of low and middle-income earners. DigMo’s launch closely aligns with the government of Zambia’s recent target to accelerate financial inclusion to 85 per cent.

Accounts 59

Accounts Financial Inclusion Underserved Compliance 59

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.

Governance 52

Governance Government Digital Currency Cryptocurrency 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 84

Consumer Credit Cards Online and Mobile Banking Economy 84

The Fintech Times

OCTOBER 29, 2024

Traditionally, Pakistan has been primarily reliant on cash for transactions, which is usually the case in developing economies. It also has one of the world’s highest rates of financially excluded people. Recent estimates suggest that between 20 and 30 per cent of the population have access to financial services.

FinTech 59

FinTech Financial Inclusion Consumer Protection Transactions 59

The Fintech Times

NOVEMBER 7, 2024

While it has made significant gains from incoming tourism, the country needs to diversify its economy to ensure a positive future. However, during the Covid pandemic, the country’s tourism industry (and therefore its economy) experienced a significant hit – leading to its GDP per capita falling to a little over $7,000.

FinTech 59

FinTech PayPal Financial Inclusion Financial Literacy 59

The Fintech Times

SEPTEMBER 14, 2024

With a strong foundation in semiconductors and information technology, alongside government initiatives and a developing fintech ecosystem, Taiwan is steadily integrating digital innovation into its financial services. These economies have since developed into fully advanced nations.

Innovation 119

Innovation FinTech Payment APIs and Integration Non-Bank 119

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 84

Visa Cross-Border Economy Financial Inclusion 84

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