Fintech News

SEPTEMBER 1, 2024

We are honoured to work with HSBC on this pivotal initiative, which will enable Validus to make a larger impact on the Indonesian economy.”. MSMEs play a key role contributing to the long-term economic success in the ASEAN region and beyond.

Financial Inclusion 115

Financial Inclusion Underserved Small Business Finance 115

Fintech Finance

SEPTEMBER 25, 2024

Beginning in Cote d’Ivoire and Nigeria, Mastercard and KaiOS will deliver affordable payment acceptance devices and stimulate the growth of a more inclusive, connected global economy. This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth.

Visa 97

Visa Economy Digital Payments Enrollments 97

PYMNTS

MAY 4, 2017

Top FIs are rolling out their Small Business Week contributions. Capital One and Santander are two banks that both announced Wednesday (May 3) their perspective efforts to support small businesses as Small Business Week continues. So when small businesses flourish, everyone wins.

Small Business 40

Small Business Underserved Economy Industry Trends 40

The Fintech Times

AUGUST 23, 2024

These events will serve to highlight the work Future Finance is doing across its three focus areas: advice lending insurance Jack Stanbury, senior project manager of Future Finance The events will also offer financial institutions and small businesses interested in the research project a way to get involved.

AI 95

AI Blockchain Finance FinTech 95

PYMNTS

OCTOBER 23, 2020

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. This investment is part of Mastercard’s push to “help close the racial wealth and opportunity gap.”.

Visa 108

Visa Underserved Small Business Credit Union 108

PYMNTS

DECEMBER 27, 2019

SMBs have traditionally been underserved by Main Street banks and payment providers,” he said, adding that historically, the banking industry has positioned itself to service SMBs with physical bank branches. The macroeconomic trends of a robust economy have led to both new SMB formations and growth in existing SMBs at record level,” he said.

Small Business 53

Small Business Payment APIs and Integration Credit Union Underserved 53

The Fintech Times

SEPTEMBER 19, 2024

TBC Uzbekistan has launched a waiting list for its upcoming business banking service, TBC Business. The service will offer key features such as paperless account setup in three minutes, 24/7 payment services, as well as tools to help businesses manage their financial operations. .

Underserved 58

Underserved On-Demand Economy Small Business 58

The Fintech Times

NOVEMBER 6, 2024

Furthermore, the region still has a $2.5trillion credit access gap, making up over half of the global shortfall in small business financing. This enables us to further explore scalable debt financing for growth and profitability, and bolster financial inclusion for the underbanked and underserved SMEs in the region.”

APACS 52

APACS Micro-Entry Economy Financial Inclusion 52

The Fintech Times

DECEMBER 26, 2023

Many individuals and small businesses grapple with a common challenge: limited access to traditional banking services. This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations.

Financial Inclusion 58

Financial Inclusion Underserved Small Business Finance 58

Fintech News

FEBRUARY 14, 2024

million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms. MSMEs are the backbone of Thailand’s economy, constituting 99.6

Financial Inclusion 106

Financial Inclusion Non-Bank Underserved Finance 106

Fintech News

FEBRUARY 26, 2024

This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America. said Chiagozie Nwabuebo, Vice President of Global Growth & Social Impact, Visa.

Financial Inclusion 81

Financial Inclusion Finance Financial Literacy Underserved 81

The Fintech Times

MAY 9, 2024

.” The collaboration between Paymentology and DTB hopes to democratise the issuance of cards, enabling end users, whether consumers or businesses, to access tailored solutions such as cards for employee salaries, expense and travel cards, or traders’ cards for online purchases.

Financial Inclusion 103

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 103

PYMNTS

JUNE 19, 2020

More help for certain small business owners could be on the way if Congress approves another round of Paycheck Protection Program (PPP) loans. The Prioritized Paycheck Protection Program (P4) Act would allow businesses with fewer than 100 employees to get a second loan. In the House, U.S.

Small Business 91

Small Business Shutdown Underserved Treasury 91

PYMNTS

JANUARY 17, 2021

Enabling small businesses to have the tools to succeed has been at the forefront of companies we look to invest in,” said Judson Ain in the release. Bookkeeper360 embodies this culture, and we could not be more excited to continue helping small and family-owned businesses, excel with Bookkeeper360’s solutions.”.

FinTech 75

FinTech Small Business Value Added Service Underserved 75

PYMNTS

JULY 9, 2020

adoption is typically limited to contexts in which an individual may be making a purchase in a retail setting on behalf of a company: a professional on a business trip paying for lunch, for instance, or a delivery driver refueling while on the road. ” Driving Small Business Growth. In some markets, like in the U.S.,

B2B 82

B2B Cross-Border Cross-Border Payments Small Business 82

Finovate

JULY 5, 2024

Ascend Money anticipates the funds will help it accelerate its mission to provide inclusive financial services for underserved consumers and small businesses and ultimately foster economic growth and financial well-being in Thailand. ” Ascend Money was founded in 2013 and has since processed $14 billion in the region.

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

JUNE 22, 2020

The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. First, for every dollar someone invests in a small business, 50 percent to 60 percent of that stays in the local community, Urrutia said.

Small Business 98

Small Business Underserved Participant Government 98

PYMNTS

MARCH 10, 2020

The bank has its sights set on small businesses, startups and freelancers. NorthOne, which has an API-enabled platform, says it was built specifically for small businesses, from the ground up. The bank said it signed up 1 percent of all new small business accounts in the U.S. are less prevalent.

Small Business 54

Small Business Payment APIs and Integration Underserved ATM 54

PYMNTS

JULY 12, 2020

Uber Freight , which has seen an influx of more activity since the pandemic set in, has announced new features that will aid small businesses, the company said in a blog post. During the pandemic, Uber Freight has seen the number of small businesses using its services grow 10 times year over year.

Small Business 67

Small Business Underserved Credit Cards Continuity 67

The Fintech Times

DECEMBER 17, 2023

Open finance’s data-driven approach is set to democratise credit access, offering previously underserved consumers and SMEs newfound financial opportunities, according to Centre for Finance, Innovation and Technology (CFIT).

Finance 63

Finance Underserved Economy Addressing 63

PYMNTS

AUGUST 12, 2019

At Joust, we understand the growing market of self-employed workers, freelancers and small businesses, and their need for an all-in-one banking solution –especially one that gives them the same benefits enjoyed by major corporations. Joust believes this segment of the population is being underserved.

Underserved 57

Underserved FDIC Non-Bank Payments 57

PYMNTS

MAY 22, 2020

The data painted a dark picture for Main Street retail this week, with a new Facebook & Small Business Roundtable study showing that over 30 percent of small to medium-sized businesses have either failed or don’t see a way forward due to the pandemic.

Small Business 55

Small Business Governance Government Economy 55

PYMNTS

DECEMBER 4, 2020

“We expect them to thrive alongside the incumbent banks and raise the industry’s bar in delivering quality financial services, particularly for currently underserved businesses and individuals. They will further strengthen Singapore’s financial sector for the digital economy of the future.”. Wong said in the Friday (Dec.

Underserved 65

Underserved Non-Bank Authorization Small Business 65

PYMNTS

SEPTEMBER 16, 2019

Mukul Sachan, the co-founder and chief operating officer (COO) of India-based alternative small business lender Lendingkart, is stepping down from the post. Micro and small businesses represent a vibrant yet underserved segment of the India economy,” Lunia said in a statement in at the time.

Small Business 59

Small Business Underserved Consulting Economy 59

PYMNTS

OCTOBER 25, 2020

"But equally important to us is the practical impact our technology is having in helping their customers, especially underserved business owners, get the funding they need to succeed.". Since the pandemic hit earlier this year, FinTechs have come up with ways to keep businesses afloat.

Credit Union 64

Credit Union Community Banks Underserved Small Business 64

PYMNTS

NOVEMBER 3, 2020

At a high level, according to the filing , “With China’s economy shifting towards domestic consumption and the growth of small businesses, the financial services needs of consumers and small businesses have expanded considerably and demand for credit, investment and insurance products is projected to increase substantially.

NOV 79

NOV Origination Small Business Non-Bank 79

PYMNTS

DECEMBER 19, 2018

Since its inception as a credit card-reading company for small businesses, the operation has since expanded to offer other services, like digital money transfers and retail installment loans.

Underserved 66

Underserved Small Business Procedures Credit Cards 66

Faster Payments Council

FEBRUARY 18, 2021

The Financial Inclusion Work Group will create a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

PYMNTS

NOVEMBER 8, 2017

Intuit-operated QuickBooks has dabbled in small- and medium-sized business (SMB) financing in the past, but an announcement made Tuesday (Nov. In the news release, the company said it is launching QuickBooks Capital and becoming a direct lender to small business customers in need of working capital.

Small Business 41

Small Business Federal Reserve Underserved Underwriting 41

PYMNTS

FEBRUARY 8, 2018

Their collaboration will be integral to Coconut delivering banking services to freelancers and contractors, especially as they prepare for new tax rules that require small business (SMBs) and freelancers to file taxes quarterly, beginning in April 2020, the firms said. Reports Wednesday (Feb.

Underserved 43

Underserved Online and Mobile Banking Small Business Economy 43

PYMNTS

JUNE 7, 2018

challenger bank Arro Money , which launched its small business bank account service last December, has debuted its newest product designed for sole traders. By providing solutions that enable sole traders to grow their business, we’re actively supporting, not only these businesses, but also the economy as a whole.”

Accounts 53

Accounts Cross-Border Small Business Underserved 53

PYMNTS

APRIL 26, 2018

According to Mastercard electronic payments help underserved consumers and small businesses participate in the formal economy. Mastercard said the new agreement will support a “major” expansion of the program to more participating banks and financial institutions.

Visa 48

Visa Digital Payments Underserved Agreements 48

FICO

OCTOBER 25, 2016

“Access to financial services at affordable rates is a key component of financial inclusion for individuals and small businesses,” said Tony Lythgoe, co-practice manager for Financial Inclusion and Access, Finance and Markets Global Practice, World Bank Group. For more information: [link].

Financial Inclusion 104

Financial Inclusion Risk Underserved Non-Bank 104

The Fintech Times

FEBRUARY 19, 2024

How businesses and countries are moving to a cashless societies Michael Brauneis, managing director and global financial services industry leader at Protiviti In an era of technological advancements and evolving consumer preferences, the global economy is witnessing a historic shift towards a cashless society.

Financial Inclusion 58

Financial Inclusion Online and Mobile Banking Digital Currency Economy 58

PYMNTS

AUGUST 12, 2019

Lendingkart offers loans to micro, small and medium-sized enterprises, issuing more than 60,000 loans to more than 55,000 SMBs in 1,300 cities across India so far. Micro and small businesses represent a vibrant yet underserved segment of the Indian economy.

Underserved 43

Underserved Small Business Participant B2B 43

The Fintech Times

MARCH 5, 2024

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. We believe access to credit is extremely important to grow the small and medium businesses which are the backbone of emerging economies. Just in 2023 Yabx disbursed over 20 million loans to 2.4

Financial Literacy 63

Financial Literacy Financial Inclusion Underserved FinTech 63

Clearly Payments

FEBRUARY 12, 2024

This article aims to explore the impact that Visa and Mastercard has on the payment industry, examining their influence on innovation, regulation, consumer behavior, and the broader economy. High interchange fees can eat into merchants’ profit margins, particularly for small businesses with tight budgets.

Visa 84

Visa Payments Payment Networks Online and Mobile Banking 84