PYMNTS

JUNE 3, 2016

In Egypt, Visa says that payroll card education works as a way to ensure proper use of payroll cards, and according to General Manager of Visa Egypt Tarek Mahfouz, its efforts in education for government employees are proof. “This helps in the provision of appropriate payment instruments for government employees.”

Financial Inclusion 40

Financial Inclusion Payroll Governance Government 40

Neopay

SEPTEMBER 26, 2024

This includes variable recurring payments (VRPs) in particular, which can provide people with more choice and control, as well as support financial inclusion. The PSR also consulted on Faster Payments proposals to enable a phased rollout of VRPs.

Cross-Border 52

Cross-Border Faster Payments Payee Consulting 52

Fintech Finance

DECEMBER 13, 2023

“We are excited about the real-time payments modernization journey we have embarked upon jointly with ACI Worldwide, a global leader in real-time payments,” said Leonardo Villar, Governor of the Central Bank of Colombia. “It Real-time payments improve liquidity in the financial system and overall market efficiencies in the economy.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

PYMNTS

SEPTEMBER 15, 2020

To that end, Bloomberg reported at least some financial regulators from the European Union say there need to be strict controls governing central bank digital currencies in place — and Libra (among other private efforts) may present a threat to financial stability.

CBDC 91

CBDC Risk Central Bank Digital Currency 91

Clearly Payments

FEBRUARY 12, 2024

Moreover, stringent data protection and privacy regulations, such as the GDPR and PCI DSS , govern how Visa and Mastercard handle sensitive financial data. Financial regulations and compliance requirements also shape Visa and Mastercard’s operations.

Visa 90

Visa Payments Payment Networks Online and Mobile Banking 90

PYMNTS

AUGUST 21, 2020

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.

CBDC 107

CBDC Fed Federal Reserve ISO 20022 107

PYMNTS

AUGUST 6, 2019

Digital disbursements for pensions and government funds gained more traction in India this April, when the Reserve Bank of India’s (RBI’s) Committee on Deepening Digital Payments came together to discuss whether all government payments to citizens should be made through digital channels.

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

Fintech Labs Insights

OCTOBER 26, 2015

Three Finovate/FinDEVr alums won top honors at the Emerging Payments Awards in London, UK, earlier this month. Hyperwallet won in the “Best Corporate/Government Payments Programme” division with its Paylution Global Disbursements Program. As of June 2015, the program had enrolled more than 1.6 million refugees.

Emerging Payments 24

Emerging Payments Multi-Currency Visa Payments 24

Open Banking

AUGUST 30, 2023

This remarkable surge underscores the rapid pace at which open banking is reshaping the financial and payments landscape and reinforces the pivotal role it plays in driving financial inclusion, innovation, and consumer empowerment. In July 2023, the number of active payment users surged to 4.2 surge from July 2022.

Payments 52

Payments Financial Inclusion Credit Cards Message Standards 52