This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Saint James Municipal Corporation and Mastercard have announced the signing of a Memorandum of Understanding (MOU) designed to foster digitalization as a catalyst for financialinclusion in the municipality.
The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digital payment methods are gaining dominance, and helping improve financialinclusion and accessibility. rate in 2023.
Financialinclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financialliteracy, empowering individuals to make informed decisions. AI’s ability to revolutionise money management is undeniable.
The EU’s shift to open banking and finance presents both opportunities and challenges, demanding a balance between innovation, security, and regulation. The European Unions commitment to digitalisation, coupled with the ambition to empower consumers, has positioned open banking and, subsequently, open finance as pivotal initiatives.
Through three separate partnerships, Mastercard appears to be enhancing its focus on the UAE and surrounding Middle East region, with plans to simplify access to finance , enhance payment processes and bolster financialliteracy.
The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.
A core pillar of promoting and sustaining widespread access to credit is ensuring high levels of financialliteracy. lags behind many other countries in financialliteracy, meaning millions of Americans lack the resources they need to chart a healthier financial future. FinancialLiteracy for All.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.
So, while still in college, Li started building a solution that today is known as Zogo — an early stage startup that’s already attracted roughly 50,000 users who have collectively completed 1 million financial-education modules. Gamifying Financial Education. What’s Next?
In recent years, fintech apps have become pivotal in shaping financialliteracy among Millennials and Gen Z. These innovative platforms, often mobile-first and user-friendly, simplify complex financial topics. Traditional methods of financial education often failed to engage younger audiences effectively.
It means our product strategy consistently aligns with key challenges and opportunities in Africa, addressing issues like financialliteracy, seamless and safe transacting, fragmented payment systems, and the high cost of infrastructure upgrades in traditional banking.
Despite these advancements, challenges such as financialinclusion remain. The growing fintech sector is helping to drive transformation across the financial sector. Among the many fintech companies in Armenia is FinNow, which empowers users to manage their finances and make behaviourally informed financial decisions.
Visa is collaborating with the GSMA Mobile for Development Foundation to launch the Digital Finance for All (DFA) initiative. Ashley Olson Onyango “Mobile money can play a transformative role in advancing financialinclusion and resilience for the nearly 2 billion people who remain unbanked globally.
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. As the space rapidly develops, we look to highlight the latest developments, initiatives and challenges embedded finance has to offer and overcome across the globe.
This milestone marked a pivotal moment for the country’s financialinclusion efforts. Superbank plans to use this funding to expand inclusivefinancial services, focusing on Indonesias underbanked communities and MSMEs, said Tigor M Siahaan, the President Director of Superbank.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financialinclusion and helping people develop healthy financial habits. “Financial education and literacy tools will have the most profound impact on financial well-being by 2025.
April is FinancialLiteracy Month , a congressionally-backed effort to educate Americans about healthy financial practices and habits. At first glance, these consumers wouldn’t seem to be struggling financially, which is further proof of income and academic education being no substitute for financialliteracy.
Today, Klarna , the AI-powered global payments network and shopping assistant, is calling for whoever wins the UK General Election to prioritise financialinclusion in the national curriculum, following survey results showing many UK young adults think mastering money terms is harder than learning to speak a new language.
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.
Throughout January, The Fintech Times has been exploring the theme of ‘fintech for good,’ focusing on how fintech solutions support financialinclusion. McKenna shared how FinTech Scotland aims to create economic and social impact through financialinclusion initiatives.
Louise is a pioneer in the card and payments sector, having co-founded global fintech company GoHenry, the prepaid debit card and financial education app with a simple mission to make every kid smart with money.
World Economic Forum and the Cambridge Centre for Alternative Finance The Driving Forces Behind Fintech Industry Rise Central to the fintech narrative is the remarkable surge in consumer demand for digital financial services. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.
This achievement highlights the program’s substantial impact on financialinclusion for women across the state. We are dedicated to enhancing financialliteracy and access for women across Maharashtra. Among these, 3.57 lakh accounts are linked to the Direct Benefit Transfer (DBT) system, with 2.75
This first-of-its-kind account in Singapore allows children aged seven to 15 to manage their finances digitally via the OCBC Digital app, under parental supervision. The OCBC MyOwn Account aims to fill this gap by providing a platform where children can manage their finances within boundaries set by their parents.
Access to finance There are four major commercial banks operating in the country, however, the Bank of South Pacific is by far and away the most dominant in the market. To make sure more people have access to these services, the government of Papua New Guinea has been putting a focus on financialinclusion.
This has significantly increased financialinclusion, empowering millions who previously had no access to banking services. In Ghana, MTN Mobile Money has become a vital financial tool. Financialliteracy also poses a challenge. This can lead to misuse and mistrust of digital financial services.
Grappling with digital and financialinclusion According to the United Nations Capital Development Fund (UNCDF), only one in five (20 per cent) of Timorese adults claim ownership of a current account, while only one in ten possess any kind of payment card. In fact, some key work has already begun.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financialinclusion and helping people develop healthy financial habits. “This is precisely why blockchain and decentralised finance (or DeFi) matter so much.
Today, Visa (NYSE: V), a leading global payments technology company, and the GSMA Mobile for Development Foundation (GSMA Foundation) announced the launch of the Digital Finance for All (DFA) Initiative, furthering Visa’s decades-long efforts to increase access to the global economy for everyone, everywhere.
These trends include ecosystem banking, generative artificial intelligence (GenAI), and embedded finance, a new report by PwC India and ASSOCHAM says. This collaboration allows financial institutions to access to new customer segments, leading to increased customer acquisitions and improved engagements. billion by then.
The 2024 Hackcelerator, themed “Improving Financial Health,” aims to foster solutions that help individuals and businesses manage their finances more effectively. The Vitto app improves financial health by helping users manage their personal finance through automated expense tracking, personalised budgeting, and financial insights.
Measuring success Mary Beighton , director of people and culture at car finance company Zuto , explains firms need to carefully plan out their efforts to do good, to ensure they meet measurable goals and dont mislead customers. How can we ensure fintechs are as ethical and ‘good’ as they claim to be?
In September, The Economic Times reported Google is gearing up to develop a website in India , dubbed Bharat Saves, offering consumers information on financial planning. According to a report , Google wants the Bharat Saves website aligned with the government’s financialinclusion scheme, Jan Dhan Yojana.
Initiating programs for financialliteracy and digital inclusion. The post Visa announces strategic collaboration with TECH5 to Advance Digital Government Ecosystems appeared first on Fintech Finance. Developing a roadmap to expand card acceptance for government disbursements and payment programs across all platforms.
“SteelWave Digital can further bridge the financial accessibility gap by expanding its strategic partnerships with global liquidity providers to enhance capital flows into underserved markets. “In the world of finance, technology should and can serve people. . These technologies need to be modern, not outdated.
With new mobile app Revolut Junior, global finance platform Revolut wants to get children into the money business, according to a press release. Revolut Junior will be targeted at children from the ages of 7 to 17, and will aim to teach them about finances, saving money and more. The program is supported by Visa.
Money20/20, a prominent fintech show, will be holding its first Thai edition in Bangkok this year, coming to the Queen Sirikit National Convention Center from April 23 to 25, 2024 for a multiple event centered around the future of finance. Virtualization, heralding the future of finance, will take center stage.
They encourage innovation, attract investment, and increase financialinclusion. Enhancing FinancialLiteracy: Invest in consumer education to build trust in digital financial services. Supportive regulations can drive innovation, attract investment, and enhance financialinclusion.
In June, I had the pleasure of participating in a panel discussing credit access and financial education for women small business owners at the National Association of Women Business Owners ( NAWBO ) Advocacy Day events in DC. Your personal credit and financial history matters. FinancialInclusion Using Analytics.
Back in 2012, Sri Lanka had the highest financialinclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. It has the technical and financial assistance of the International Finance Corporation (IFC), which is a member of the World Bank Group.
These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financialinclusion, and improving service delivery. Walee Financial Services Hakeem is a cutting-edge digital financing app designed to facilitate seamless B2C financing in Pakistan.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financialinclusion and helping people develop healthy financial habits. To find out, we reached out to fintech experts.
UOB also promotes financialliteracy and inclusion through its UOB Heartbeat programme, which focuses on financial education, skills training, and entrepreneurship support to aid economic and social development in the region. These services promote financialinclusion and support economic growth in the region.
According to a report by The Economic Times , Google wants the Bharat Saves website aligned with the government’s financialinclusion scheme, Jan Dhan Yojana. A senior finance ministry official told Economic Times off the record that Google is currently talking to the Indian government, and its proposal is being looked at.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content