Remove Financial Inclusion Remove Government Payments Remove Instant Payments
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ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico

Fintech Finance

Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. The post ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico appeared first on FF News | Fintech Finance.

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Colombia using instant payments to drive financial inclusion amid the pandemic

Payments Source

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books.

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Deep Dive: How Instant Payments Are Changing Pension Disbursements

PYMNTS

It is common to receive instant payments for ad hoc employment and other work-related reimbursements, but real-time Social Security and retirement payouts have yet to gain traction. Retirees are used to digital disbursement methods, but instant payments have not become popular within the U.S.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

The focus on wholesale payments may bring various retail use cases to reality — including stimulus and disbursement of government payments. Those use cases, of course, were floated earlier this year by various lawmakers as part of proposed legislation tied to stimulus spending as the pandemic hit.

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