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The Rise of Fintech in Cambodia: Driving Growth and Financial Inclusion

The Fintech Times

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.

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Hibret Bank and Mastercard Launch Prepaid Hibir Mastercard Services to Enhance Digital Financial Inclusion

Fintech Finance

Hibret Bank , in collaboration with Mastercard , has announced the launch of the Prepaid Hibir Mastercard services, marking a significant milestone in the journey towards financial digitization in Ethiopia.

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Mastercard and Cooperative Bank of Oromia Launch Innovative Solutions to Boost Financial Inclusion in Ethiopia

Fintech Finance

Cooperative Bank of Oromia and Mastercard have unveiled a groundbreaking collaboration with the launch of the Coopbank Prepaid Mastercard and the introduction of the Community Pass technology in Ethiopia. Transactions will be effortless through a dedicated mobile application, providing efficient card management capabilities.

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NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.

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Offline Digital Payments: Boosting Financial Inclusion in India

M2P Fintech

The customer-merchant Payment Service Provider (PSP) takes charge of the approval process through National Payments Corporation of India (NPCI), swiftly debiting the money from the issuer bank and crediting it to the merchant’s acquiring bank in under 60 seconds. Fortunately, there’s a light at the end of this tunnel!

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5 Lessons APAC Digital Banks Can Learn from Nubank’s US$1B Profitability Journey

Fintech News

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

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The Long Term Impact of COVID on the Payments Market

Clearly Payments

The COVID-19 pandemic has reshaped industries and economies worldwide. Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. in 2020, reaching $4.28 decline.