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Mexico in Focus: Open Banking and FinancialInclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population.
ZORRZ , the pioneering fintech driving financialinclusivity, has announced its strategic partnership with CLOWD9 , a B-Corp certified processing platform, to power its innovative BlueAccess Hybrid Credit Card platform. “We are delighted that ZORRZ has chosen to partner with CLOWD9!
Despite its political unrest and economic challenges, Myanmar has shown significant progress in the fintech sector, bringing financial services to underserved populations. But how has this development unfolded and what is the current state of fintech in the country?
This April, The Fintech Times is focusing on all things embedded finance, the integration of financial services into non-financial products and services. Continuing our BaaS focus at the beginning of April, we asked industry leaders about how they’re seeing BaaS driving financialinclusion worldwide.
10th October 2024 Live Event Linkedin Twitter 'Innovation Driving Growth' A FinTech as a Force for Good Forum Join us for our annual ‘FinTech as a Force for Good Forum’ as we explore FinTech’s role in supporting consumers through economic uncertainty, as well as its ability to help drive forward the wider ESG agenda.
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. Indonesia’s burgeoning fintech sector Indonesia’s fintech sector has grown tremendously over the past years.
Financialinclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. per cent of US families netting between $35,000 to $49,999 annually.
Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financialinclusion in a region where the majority of the population is still underbanked or unbanked. Paysend is taking a lead in financialinclusion throughout the LATAM (Latin American) Region with the launch of Paysend Libre in Mexico.
Known for its technological advancements and industrial growth, Taiwan has also emerged as a notable player in the fintech sector. Governmental initiatives In 2016, the Taiwan government launched a new industrial development policy to expedite transformation and upgrades – the ‘Five Plus Two’ Industrial Innovation Plan.
This week’s edition of Finovate Global features news from the fintech industry in Nigeria. Africa’s newest fintech unicorn raises $110 million African fintech Moniepoint is the continent’s latest fintech unicorn. The Nigerian fintech is one of seven African startups to make this year’s list.
Mastercard hosted the second annual Mastercard Ghana Fintech Forum in Accra, bringing together key stakeholders and thought leaders in the fintech industry to discuss critical developments and foster collaboration. The event highlighted the progress and innovation within Ghana’s fintech sector.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financialinclusion challenges with 820 million unbanked and 1.8 billion underbanked adults.
By combining our innovative technologies and digitisation solutions with Network’s deep know-how of this region, we are providing more growth opportunities to the merchants, enabling them to thrive in the digital era.” The ceremony was witnessed by H.E.
However, the AFC , on its mission to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy, has taken issue with this proposal suggesting it is overregulating the market, and could potentially impact the freedom of regulation.
The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also a robust capacity for growth. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth. However, the fintech sector’s journey is not without its challenges.
The Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have opened nominations for the Singapore Fintech Festival (SFF) Fintech Excellence Awards 2024. The post Nominations Now Open for SFF 2024 Fintech Excellence Awards appeared first on Fintech Singapore.
The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. A new category was introduced to recognise progress in artificial intelligence and quantum technology.
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.
Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. This supports demand for modern digital financial services. Why Uzbekistan?
The State Bank of India (SBI) has partnered with APIX , a global innovation platform connecting financial institutions and fintechs, to launch the SBI Innovation Hub at the Singapore Fintech Festival. The goal of the hub is to accelerate digital transformation and advance financialinclusion.
In a significant move towards enhancing digital financialinclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. Together, we are not just adapting to the future; we are defining it.”
Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. A visual overview of the SEA fintech sector’s funding trajectory from 2017 to 2024, showcasing the sharp decline after a record-breaking 2021.
equity stake in Jingle Pay , one of the fastest growing fintechs in the MENAP region. The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financialinclusion across key markets. Jingle Pay was recently awarded the top global fintech for remittances into Pakistan.
Emerging markets have become a hub for fintechinnovation. However, regulatory frameworks in these markets vary widely, influencing how fintech companies evolve and scale. Supportive Regulations: A Catalyst for Growth Supportive regulations can significantly enhance fintech growth.
Myanmar’s fintech industry is poised for significant growth, driven by rising digital payment usage, and strong investor interest. Moreover, with 80% of the country’s 55 million people unbanked , there is substantial potential for fintech solutions. Regional investors are also keen on Myanmar’s fintech startup market.
In emerging markets, fintech is profoundly transforming financial services. These markets, often characterised by underdeveloped financial infrastructure , benefit significantly from fintechinnovations. This article delves into how fintech is reshaping financial services in these regions.
In many regions, they create jobs, drive innovation, and stimulate local economies. Yet, they often face financial challenges, struggling to access credit, manage cash flow, and navigate complex financial systems. Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers.
By Nikolay Seleznev , Chief Strategy and Business Development Officer at Uzum The descendants of those who traded on the Silk Road are now embracing a new vehicle for commerce: fintech. For years unable to access innovative finance and technology products, Uzbeks are making up for lost time. The post Uzbekistan: A Fintech Paradise?
Open banking is transforming the financial landscape by fostering innovation , competition, and improved customer experiences. It involves sharing financial data through secure application programming interfaces (APIs). These include budgeting tools, personalised financial advice, and streamlined loan applications.
Cyber Crimes, Cybersecurity, and Fintech Panel Event May 23, 2024, 12:00 CEST On May 23, 2024, at 12:00 CEST, a panel event titled “Cyber Crimes, Cybersecurity, and Fintech” will be hosted by Peirce College. The session will be moderated by Urs Bolt, a Fintech and Banking Expert.
Nigerian fintech Moniepoint has secured investment from digital payments giant Visa , enabling it to continue its mission to ensure financialinclusion for people across Africa. We are excited to support their next phase of growth and innovation.
Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovativefinancial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. This ecosystem is expanding rapidly. rate in 2023.
Network International (Network) ( www.Network.ae ), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider.
This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. “Insurance policies and products can often be complex, high-touch, and very time consuming. .
Catch up with Finovate VP and host of the Finovate Podcast Greg Palmer as he interviews some of the most interesting entrepreneurs, analysts, and thought leaders in fintech today. The technology is purpose-built to support the demand of businesses and traditional financial institutions.
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. Integration, a cornerstone of fintech advancement, will be spotlighted.
The banking landscape in India has undergone a major transformation, driven by significant investments in digital infrastructure and innovations by both incumbents banks and new fintech entrants, a new analysis by the Digital Fifth, a fintech consulting and advisory firm in India, says.
Flutterwave , Africa’s leading payments technology company, is excited to be included in the top 250 fintech companies in the world by CNBC and Statista for the first time. The list further highlights how these fintech companies have been vital to fostering economic growth and driving financialinclusion.
In Asia-Pacific (APAC), the financial landscape is evolving rapidly amid technological advancements, changing customer expectations and the rise of fintech. This vibrant ecosystem is demanding finance and fintech professionals to stay updated with the latest trends and innovations.
The financial services sector is at a pivotal juncture. The emergence of financial technology (fintech) companies has sparked a debate and some contention. Another area fintech looks to compete is the removal of “unnecessary” middlemen which would speed up processes and reduce fees.
This innovative initiative highlights the importance that Thunes and GCash place on financialinclusion and community empowerment by helping people improve financial oversight and spending management.
The global fintech landscape is witnessing a staggering growth, fueled by booming consumer adoption, supportive regulatory efforts and technological advancements. As fintech continues to grow and evolve, a number of large-scale fintech gatherings are being scheduled for 2024. Register here.
Despite facing funding challenges and navigating complex market conditions, the fintech sector in India continues to grow and evolve, with several emerging fintech trends in India poised to shape the future of the industry.
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