The Fintech Times

MAY 23, 2024

The Stored Value Facilitator (SVF) and Retail Payment System Clearing Service (RPSCS) licences enable the company to facilitate stored value transactions and provide retail payment system clearing services. This means Comera Pay can now launch payment solutions that provide simpler, more secure transactions for merchants and consumers.

Economy 105

Economy Security Encryption Data Encryption 105

Fintech Finance

JUNE 6, 2024

Launching the Prepaid Hibir Mastercard in collaboration with Mastercard is a testament to this, marking a significant step towards our mission of digital financial inclusion. This service is more than just a payment solution; it is a bridge for Ethiopians to access the global market with ease and security.”

Financial Inclusion 52

Financial Inclusion Visa Online and Mobile Banking Cross-Border 52

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. By 2025, Indonesia’s digital economy is projected to rise to US$109 billion, growing at a compound annual growth rate (CAGR) of 15%.

Financial Inclusion 101

Financial Inclusion Innovation Payments NOV 101

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. It can do so by leveraging advanced AI and blockchain technologies.

Financial Inclusion 59

Financial Inclusion Underserved Interoperability Multi-Currency 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. Mobile payment applications like FriMi and Genie have also been making impacts in Sri Lanka.

Economy 85

Economy Online and Mobile Banking Central Bank Financial Inclusion 85

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.

Financial Inclusion 64

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 64

Fintech Finance

NOVEMBER 21, 2024

“We are excited to collaborate with Mastercard to launch this pioneering fintech card that provides users with advanced payment solutions that are secure, versatile, and inclusive. This alliance highlights our dedication to advancing financial inclusion and economic development in the region.

Visa 80

Visa Technology FinTech Financial Inclusion 80

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.

Embedded Finance 111

Embedded Finance Economy Finance Financial Inclusion 111

Fintech Finance

NOVEMBER 15, 2024

TransferTo , a Singapore-based global technology group, and Ecobank Group the leading pan-African financial institution, announce a landmark Memorandum of Understanding (MOU), laying the groundwork to transform financial access and cross-border payment solutions across Africa.

Cross-Border Payments 95

Cross-Border Payments Cross-Border Financial Inclusion Underserved 95

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.

Visa 96

Visa Financial Inclusion Fraud Detection Financial Literacy 96

Fintech Finance

FEBRUARY 29, 2024

Mastercard has partnered with Loop , a leading digital payments technology company licensed by SAMA, to empower businesses and consumers across the Kingdom with greater access to advanced credit card offerings and innovative payment solutions.

Payment Solutions 52

Payment Solutions Visa Innovation Financial Inclusion 52

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.

Cross-Border Payments 119

Cross-Border Payments Cross-Border Transactions Financial Inclusion 119

M2P Fintech

AUGUST 25, 2023

Network inaccessibility keeps a large section of the population out of the ambit of digital payments and is a challenge to financial inclusion. Offline Payments, Now a Reality Offline payments, as the name implies, enable consumers to make digital payments in an offline environment.

Financial Inclusion 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

Fintech News

NOVEMBER 6, 2024

The company said in a statement, “Together, FOMO Pay and BNY will deliver value-added payment solutions that cater to the diverse needs of businesses in an increasingly connected, digital-first economy.

Multi-Currency 80

Multi-Currency Cross-Border APACS Financial Inclusion 80

Fintech Finance

JUNE 3, 2024

Global fintech leader in cross-border payments, EBANX and Ozow , South Africa’s leading instant EFT payments provider, announced an expanded strategic partnership to further enhance digital payment solutions in South Africa.

Economy 52

Economy Cross-Border Cross-Border Payments Financial Inclusion 52

Fintech News

NOVEMBER 11, 2024

Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone payment solution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store.

Contactless Payments 92

Contactless Payments Visa Financial Inclusion Payments 92

Fintech Finance

SEPTEMBER 20, 2024

Leveraging M-PESA’s extensive merchant network and Mastercard’s global payment infrastructure, this partnership will make more seamless, secure, and scalable payment solutions available to merchants, enabling them to serve customers across global markets.

Visa 77

Visa Cross-Border Financial Inclusion Payments 77

The Fintech Times

DECEMBER 6, 2023

.” According to Mastercard , the strategic alliance is in line with its commitment to fuelling a strong digital economy in the Middle East and Africa region through partnerships. The post Mastercard Partners with MDP to Innovate Payment Solutions in the Middle East and Africa appeared first on The Fintech Times.

Visa 64

Visa Payment Solutions Innovation Non-Bank 64

Faster Payments Council

FEBRUARY 18, 2021

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. The list of use cases for real-time recurring payments has grown substantially in recent years.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Among the sectors affected is the payment processing industry , which has undergone rapid transformation in response to the unprecedented challenges posed by the pandemic. Financial Inclusion Initiatives : According to the World Bank, over 1.7

Cross-Border 89

Cross-Border Processors Multi-Currency Contactless Payments 89

Fintech Finance

AUGUST 20, 2024

The National Bank of Egypt (NBE), in collaboration with Mastercard , has unveiled the Touch Card, a groundbreaking payment solution designed to empower customers with visual impairments. The Touch Card will empower these individuals to confidently manage their finances and participate fully in the digital economy.

Visa 52

Visa Financial Inclusion ATM Economy 52

The Fintech Times

MAY 28, 2024

Santhosh Rao, senior VP sales at ACI Worldwide MEASA, commented: “Real-time payments eliminate payment friction, inject greater liquidity into the system, and promote economic growth and financial inclusion. Yet, their full potential can only be realised when banks transcend legacy silo systems.

Economy 64

Economy Real Time Payments Online and Mobile Banking Payments 64

Fintech Finance

JUNE 24, 2024

The partnership with Visa is a testament to Pyypl’s mission to democratise access to financial services, its innovative business model and the large market opportunity – as well as highlighting Visa’s trust in Pyypl to accelerate financial inclusion.

Financial Inclusion 91

Financial Inclusion Underserved Agreements Regulations 91

Fintech Finance

OCTOBER 29, 2024

.” Amnah Ajmal, Executive Vice President Market Development, Mastercard EEMEA said: “At Mastercard, we are committed to advancing financial inclusion by leveraging cutting-edge technology to create meaningful, scalable impact.

Visa 80

Visa Digital Payments Financial Inclusion Online and Mobile Banking 80

Fintech Finance

JULY 30, 2024

The Mastercard Ghana Fintech Forum aimed to address these issues, fostering engagement and innovation to drive financial inclusion. “At At Mastercard, we believe in the power of collaboration to overcome unique market challenges, drive innovation, and foster growth in the financial sector.

Contactless Payments 90

Contactless Payments Cybersecurity Visa FinTech 90

Fintech Finance

AUGUST 28, 2024

This demographic presents an unprecedented opportunity to advance economic growth through enhanced financial inclusion and digital innovation. Founded in 2016, Flutterwave has emerged as a cornerstone of Africa’s digital economy, with a mission to simplify payments for endless possibilities.

Cross-Border Payments 83

Cross-Border Payments Cross-Border Payments Economy 83

The Fintech Times

OCTOBER 29, 2024

. “By offering our users the ability to pay effortlessly with a Mastercard virtual card, we open the door to a world of new possibilities and promote their financial independence.” The post Orange Partners With Mastercard to Expand Access Mobile Financial Services Across Sub-Saharan Africa appeared first on The Fintech Times.

Visa 59

Visa Financial Inclusion Online and Mobile Banking Debit Card 59

The Fintech Times

NOVEMBER 1, 2024

The partnership aims to broaden financial inclusion as well as improve access to remittances by enabling funds sent via TerraPay’ s network to be received directly within the Yape app. With operations across 144 countries, TerraPay aims to create a ‘borderless financial world’ by integrating digital wallets worldwide.

Financial Inclusion 59

Financial Inclusion Cross-Border Payments Cross-Border On-Demand 59

Fintech News

NOVEMBER 12, 2024

Operating within the regulatory sandbox framework established by the Bank of Thailand and the Securities and Exchange Commission, Rubie Wallet aims to provide a secure and efficient payment solution. Users can make instant mobile payments via a closed-loop QR code system. said Mukaya Tai Panich, CEO and CIO of SCB 10X.

Stablecoins 93

Stablecoins Bots Financial Inclusion Payments 93

Fintech Finance

NOVEMBER 18, 2024

Our collaboration with Mastercard will enable businesses to leverage the latest financial regulations endorsed by the Central Bank of Egypt and the Financial Regulatory Authority, enhance offered digital financial services and promote new products aimed at driving financial inclusion and digital transformation across Egypt.”

Visa 91

Visa Non-Bank Payments Financial Inclusion 91

The Fintech Times

OCTOBER 28, 2024

Jamal Abdulla AlSuwaidi, aims to drive digital transformation and boost financial inclusion in MEA’s growing digital economy. As part of the partnership, Network will leverage Alipay+ Wallet Tech solutions such as developing e-wallet capabilities to better serve its customers across MEA.

Digital Payments 64

Digital Payments Financial Inclusion Payments Agreements 64

The Fintech Times

SEPTEMBER 23, 2024

Sameh Elmallah , CEO of Damen, commented: “Damen’s partnership with BKN301 Group underscores our shared vision and commitment to driving innovation and financial inclusion in the MENA region. At BKN301, we are passionate about driving financial inclusion and fostering innovation, especially for the unbanked segments.

Payment APIs and Integration 59

Payment APIs and Integration Financial Inclusion Web 3.0 Embedded Finance 59

Fintech Finance

FEBRUARY 8, 2024

.” Khalid Elgibali, Division President, MENA, Mastercard , said: “Over the past two decades, Mastercard has been actively involved in introducing cutting-edge digital payment solutions into the Egyptian landscape, steadfastly aligning with the government’s vision for a financially and digitally inclusive future.

Visa 52

Visa Economy Central Bank Digital Payments 52

Fintech Finance

NOVEMBER 13, 2024

This collaboration will introduce Félix Pago’s digital remittance services and Mastercard-powered payment solutions in El Salvador, Honduras, Guatemala, and the Dominican Republic, significantly broadening financial access in these historically underserved regions.

Visa 52

Visa Financial Inclusion Underserved Cryptocurrency 52

Fintech Finance

JUNE 14, 2024

Doha Bank and Mastercard have entered a long-term strategic partnership to maintain the bank’s leadership in customer service and innovative payment solutions. The landmark collaboration is one of the largest deals of its kind in Qatar, reaffirming the bank’s status as a key player in the country’s financial sector.

Visa 83

Visa Financial Inclusion Payments Digital Payments 83

Fintech Finance

MAY 9, 2024

A leading multinational bank, Access Bank Group , has today launched an innovative solution in collaboration with Mastercard to expand access to cross-border payments and remittances to and from the continent, bringing Africa closer to the global economy.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Visa Financial Inclusion 93

Fintech Finance

JULY 4, 2024

SecurityTech company Giesecke+Devrient (G+D) is making digital payments independent of online connectivity. The token-based payment solution G+D Filia® Unplugged enables consecutive, secure offline payment transactions anytime and anywhere, bridging the gap between seamless online and offline payments without a reliable internet connection.

Digital Payments 84

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 84