The Fintech Times

SEPTEMBER 27, 2024

In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest. Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force.

Financial Inclusion 101

Financial Inclusion FinTech Underserved Central Bank 101

PYMNTS

JANUARY 12, 2021

The federal government is not exactly the poster child for modern payments distribution. The fact that the government needs to immediately modernize its payments capabilities is something that everyone knew, according to Ingo CEO Drew Edwards – but what has escaped the conversation is the need to identify the actual core problem. “The

Governance 90

Governance Government IRS Payer 90

PYMNTS

DECEMBER 23, 2020

businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. economy and businesses at direct risk for exploitation. The federal Department of Homeland Security is urging U.S.

Government 75

Government Governance Risk Security 75

PYMNTS

MARCH 26, 2020

economy has never seen a clearer picture of the consequences of friction in government procurement practices than it is witnessing right now. COVID-19, the disease caused by the coronavirus , could prove to become a catalyst for digitization in government procurement operations, according to Mark Eigenbauer, president of BidNet.

Governance 58

Governance Government On-Demand Automation 58

PYMNTS

DECEMBER 24, 2020

When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. The numbers speak for themselves. D2C Explodes.

Economy 118

Economy Consumer On-Demand Shutdown 118

The Fintech Times

NOVEMBER 14, 2024

In fact, all their economies would be considered low-middle income based on gross domestic product (GDP), excluding Turkmenistan. Other goals of the Strategy included developing e-government services and platforms and promoting economic growth via digital transformation of the fintech and banking sectors.

FinTech 71

FinTech Online and Mobile Banking Financial Inclusion Central Bank 71

Fintech News

OCTOBER 2, 2024

The investment aims to address the increasing demand for cloud services in Southeast Asia. This expansion follows an agreement with the Thai government in 2023, which outlined plans for digital infrastructure development, responsible AI adoption, and accessible digital skills.

AI 113

AI On-Demand Governance Government 113

PYMNTS

OCTOBER 2, 2019

Whether they’re waiting to receive government payments, wages or rebate checks from online retailers, consumers increasingly demand that funds be sent instantly. In other markets, workers in the gig and sharing economies — such as ridesharing drivers — are beginning to expect to see their wages paid out instantly.

On-Demand 49

On-Demand Instant Payments Online and Mobile Banking Checks 49

Fintech News

MAY 6, 2024

Amazon Web Services (AWS) announced that it is set to invest an additional S$12 billion into Singapore’s cloud infrastructure by 2028 during the 10th AWS ASEAN Summit , aiming to bolster its services amid increasing demand. aligning with the government’s S$1 billion investment in AI.

AI 108

AI On-Demand Economy Governance 108

The Fintech Times

OCTOBER 25, 2024

The advanced security capabilities embedded within this solution include data encryption, isolation of customer environments, embedded Hardware Security Modules with the highest security certification, and a versatile governance framework that removes single points of compromise and helps mitigate the risks associated with malicious actors.

Data Encryption 58

Data Encryption On-Demand Encryption Compromise 58

PYMNTS

SEPTEMBER 22, 2016

Regulation makes the sharing a economy a challenge in Japan, but those rules apparently don’t quite apply to a network of freelancing Buddhist priests that is making on-demand gains by bringing enlightenment to the doors for the devout. Definitely. Spiritual guidance? They’re protecting their own interests.”.

On-Demand 70

On-Demand Rules Economy Governance 70

PYMNTS

DECEMBER 7, 2020

It's kind of an on-demand working capital solution,” he said. “If In the first few months of the pandemic, Brachfeld said he saw a spike in demand for early payments alongside heightened worries about the economy, as well as an increase in “goodwill” by businesses wanting to help out their suppliers. If you need it, you use it.

On-Demand 73

On-Demand Payments Participant Accounts 73

PYMNTS

OCTOBER 13, 2020

However, he added that new restrictions put in place to stem the virus will likely lead to slowdowns anyway, saying the second wave will "dent" the economy — though it's not yet clear by how much. He said the mass layoffs and the lack of a vaccine would make it difficult for the economy to recover. 13), Reuters reports.

Economy 57

Economy Central Bank On-Demand Government 57

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 141

Financial Inclusion Embedded Finance Payments Push-to-Card 141

PYMNTS

JUNE 1, 2020

government has passed a series of stimulus bills responding to the COVID-19 crisis, including the $2.2 So how does the outlook for the economy look? The quarterly survey shows growing certainty among CFOs that the pandemic will hurt their companies — while the outlook for the global economy grows more negative. is “declining.”

Economy 52

Economy On-Demand Government Governance 52

PYMNTS

APRIL 2, 2020

Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming directly from the government, The Sydney Morning Herald reported. Hornery said the bank’s demand was high and their deposit book currently sits at $1.4

Government 66

Government Governance Security Mitigation 66

PYMNTS

NOVEMBER 12, 2018

The World Economic Forum (WEF) revealed that cybersecurity, changing energy prices and the ability for countries to provide proper governance were among the largest threats businesses faced this year. Failure of national governance ranked No. Cyberattacks were viewed as the No. Cyberattacks are seen as the No.

Government 57

Government Governance Risk Cybersecurity 57

PYMNTS

JANUARY 10, 2019

From tax refunds and government assistance to payments made for home service and housekeeping professionals, faster payout solutions appear to be gaining popularity — all around the world. The solution, which has been used for lenders and gig economy companies, is also seeing interest from payroll providers and insurers. In the U.K.,

On-Demand 62

On-Demand Tax Refunds Push-to-Card P2P 62

PYMNTS

MARCH 6, 2019

As the Associated Press reports , China will stop demands that overseas firms give access to their trade and tech secrets to the government — a handover that up until now has served as a key to enter the much coveted Chinese market. Might one leg of the trade war between China and the United States have fallen away?

On-Demand 55

On-Demand Laws Governance Government 55

Fintech Review

APRIL 24, 2024

Distinct from decentralised cryptocurrencies such as Bitcoin , CBDCs are centralised and backed by government authorities. Unlike cryptocurrencies , which operate independently of a central governing body, they integrate the traditional trust and regulatory rigor of central banks with the innovative advantages of blockchain technology.

Central Bank 91

Central Bank CBDC Cross-Border Payments Cross-Border 91

The Fintech Times

AUGUST 6, 2024

The second-largest economy in the Association of Southeast Asian Nations (ASEAN) region after Indonesia, has a gross domestic product (GDP) per capita of just shy of $7,000 per person, making Thailand a high-middle-income economy. Supporting startups Thailand is also investing significant resources into its wider startup ecosystem.

FinTech 115

FinTech Distributed Ledger Technology (DLT) Cross-Border Cross-Border Payments 115

PYMNTS

JULY 28, 2020

It’s utterly consumer-centric – which, along with spend management, explains the core appeal of buy now, pay later (BNPL) alternative credit apps in any economy. In a wrecked economy, however, the appeal of BNPL multiplies, as evidenced by the surge of new customers attracted to the various BNPL apps during the lockdowns.

BNPL 52

BNPL Economy On-Demand Consumer 52

PYMNTS

APRIL 9, 2020

In an effort to deliver more relief to the nation’s struggling small businesses and boost the economy amid the global coronavirus pandemic, the Federal Reserve announced it has taken actions to facilitate $2.3 The daily demand for loans has been more than the SBA typically processes in a year. trillion in loans.

Federal Reserve 56

Federal Reserve Facilitators Economy Fed 56

PYMNTS

SEPTEMBER 11, 2019

10) — and in so doing has very possibly changed the course of the gig economy forever. According to Catherine Ruckelshaus, general counsel of the National Employment Law Project drivers in those states should be classified as employees, but via the use of arbitration agreements with workers gig economy firms have made enforcement difficult.

Economy 65

Economy Laws Legal Framework Legal 65

Fintech News

JULY 10, 2024

As Southeast Asia’s digital economy continues to grow, so do opportunities for fraudsters. Governments in these countries have responded by tightening regulations in the KYC (know-your-customer) and AML (anti-money laundering) sectors.

Identity Theft 93

Identity Theft APACS Deepfake Money Laundering 93

Fintech News

MARCH 11, 2024

The Jakarta-based company, known for its point-of-sale financing solutions aimed at digitising the nation’s predominant cash economy, has surpassed its initial target of US$25 million due to heightened investor interest. Featured image credit: Edited from Freepik The post AwanTunai Exceeds Series B Target, Raises US$27.5M

On-Demand 102

On-Demand Finance Facilitators Innovation 102

Finovate

NOVEMBER 18, 2024

There is increasing demand for faster, safer, and cheaper payment opportunities as cross-border trade activity escalates. The report notes that global cash usage continues to decline at 4% a year, but developing economies are experiencing a faster rate of decline than that of the U.S., where card usage has long been popular.

Global Payments 69

Global Payments Payments Trends CBDC Embedded Payments 69

Fintech News

NOVEMBER 6, 2024

The report emphasizes that collaboration with educational institutions, industry stakeholders, and government programs is crucial to bridging skill gaps and nurturing talent equipped for the future. The report also highlights a disconnect between employers and employees.

AI 93

AI FinTech On-Demand Economy 93

Fintech News

AUGUST 26, 2024

Consumers are becoming increasingly aware of the importance of insurance through concerted efforts from governments and companies to educate the public. Millennial and gen Z individuals are seeking products tailored to their on-demand lifestyle.

On-Demand 143

On-Demand Product Transactions Adjustments 143

PYMNTS

JANUARY 28, 2021

But for the recipients of the cross-border money transfers and peer-to-peer (P2P) payments usually associated with developing economies, they are lifelines. Person-to-person international transfers form by far the largest foreign economic support for developing economies. This happens even as governments shut borders.”.

Cross-Border 117

Cross-Border Innovation Economy Governance 117

PYMNTS

SEPTEMBER 25, 2019

Platform economies want to make it easy for consumers to join. Stephen Ritter , CTO at Mitek , told Karen Webster in an interview that the sharing economy presents easy targets for fraudsters — and lucrative ones, too. Within certain verticals of the sharing economy, there is mounting pressure to ratchet up security.

Economy 75

Economy Verification Online and Mobile Banking Security 75

PYMNTS

JANUARY 16, 2018

As reported by CNBC , the petition has been posted on the South Korean presidential website, stating that if more than 200,000 signatures are gathered within 30 days, government officials will respond to the demands. As has been reported, South Korea has been the location of a bulk of trading in bitcoin and alternative currencies.

Bitcoin 53

Bitcoin Government Governance Digital Currency 53

The Fintech Times

MARCH 23, 2024

From mounting cyber threats to deficient digital infrastructure and persistent skills gaps, the road ahead is rife with complexities demanding innovative solutions and collaborative efforts. “We need to expand our secure data highways from open banking to all other areas of the economy to create true value of data and data sharing.”

Economy 58

Economy Crime Legal Framework Governance 58

Open Banking Excellence

SEPTEMBER 27, 2024

A key strategy has been fostering dialogue among diverse stakeholders, including government entities, financial institutions, fintech companies, and consumer advocacy groups. With a progressive regulatory environment , and a growing demand for digital financial solutions , now is the perfect time to enter this dynamic market.

Financial Inclusion 147

Financial Inclusion FinTech Laws Regulations 147

Fintech News

OCTOBER 27, 2024

The value of gross digital payments across the six largest ASEAN economies is forecasted to rise to close to US$1.2 Many countries that were previously underserved or had underdeveloped payment infrastructures are now emerging as key players in the global economy. trillion by 2025, according to the World Economic Forum.

Cross-Border Payments 110

Cross-Border Payments Cross-Border Fraud Prevention Value Added Service 110

PYMNTS

MAY 4, 2020

economy since governors began asking their citizens to #stayathome in mid-March, and even well before that. Nearly twice as many consumers are putting more stock into what medical science is telling them will lower their risk of contagion than what governments say is safe to do. Healthy Or Hermits? percent from 35.5

Economy 83

Economy Consumer Risk Returns 83

PYMNTS

NOVEMBER 21, 2016

The gig economy is gaining traction all around the world. In an interview with PYMNTS’ Karen Webster, Mike Monty, EVP and head of financial partnerships at Hyperwallet, delved into the issues facing enterprises expanding their payout processes overseas in the brave new world of the gig economy.

Economy 74

Economy Payee Payments Cross-Border 74