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

Real Time Payments 59

Real Time Payments Financial Inclusion Instant Payments Economy 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 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

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

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

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

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

Real Time Payments 52

Real Time Payments Financial Inclusion Payments Economy 52

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 126

Financial Inclusion Embedded Finance Payments Push-to-Card 126

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.

Financial Inclusion 52

Financial Inclusion FinTech Credit Union Economy 52

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 Government Governance 52

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

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 85

Adjustments Governance Government Central Bank 85

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.

Financial Inclusion 94

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 94

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 81

Real Time Payments Financial Inclusion Instant Payments Accounts 81

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

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.

Facilitators 72

Facilitators Governance Government Digital Payments 72

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

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

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 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 96

Real Time Payments Financial Inclusion Central Bank International Payments 96

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 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

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 113

Financial Inclusion Debit Card Scams Finance 113

Fintech Review

DECEMBER 31, 2024

With their growing economies and youthful populations, these regions present significant opportunities. They encourage innovation, attract investment, and increase financial inclusion. This regulatory flexibility allowed non-banking institutions to offer financial services.

FinTech 111

FinTech Regulations Best Practices Central Bank 111

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 79

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 79

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

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

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

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 120

FinTech Consumer Financial Inclusion On-Demand 120

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

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 Governance 79

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 71

Cross-Border Payments Financial Inclusion Cross-Border Financial Crimes 71

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 84

Product Financial Inclusion Debit Card Digital Payments 84

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

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 94

Visa Cross-Border Economy Financial Inclusion 94

PYMNTS

MAY 11, 2020

As the coronavirus pandemic continues to disrupt worldwide economies and everyday life, Mastercard vows to connect 1 billion people and 50 micro-businesses to the digital economy by 2025. Ajay Banga, chief executive officer at Mastercard, said in a statement that long term recovery from the crisis is dependent on inclusion.

Visa 74

Visa Financial Inclusion Economy Small Business 74

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 Government Governance 130

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