Center for Payments

OCTOBER 20, 2023

When recognizing Cybersecurity Month in October, it is important to consider the connection between cybersecurity, cutting-edge technology, and financial inclusion. Executives of financial institutions should have a good understanding of the importance of financial inclusion and the impact technology has on it is essential.

Financial Inclusion 40

Financial Inclusion Cybersecurity Innovation Online and Mobile Banking 40

Fintech Finance

JUNE 6, 2024

Hibret Bank , in collaboration with Mastercard , has announced the launch of the Prepaid Hibir Mastercard services, marking a significant milestone in the journey towards financial digitization in Ethiopia. This service is more than just a payment solution; it is a bridge for Ethiopians to access the global market with ease and security.”

Financial Inclusion 52

Financial Inclusion Visa Online and Mobile Banking Cross-Border 52

The Fintech Times

SEPTEMBER 4, 2024

per cent, Hakbah’s innovative model aims for a meaningful lasting impact. Additionally, the partnership supports the government’s goal of increasing savings rates and promoting financial inclusion. With 70 per cent of Saudi citizens needing more emergency savings and the household savings rate averaging a mere 1.6

Financial Inclusion 58

Financial Inclusion FinTech Security Participant 58

Fintech Finance

JULY 30, 2024

In a significant move towards enhancing digital financial inclusion, 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.”

Multi-Currency 127

Multi-Currency Visa Innovation Point-of-Sale (POS) 127

The Fintech Times

MARCH 18, 2024

Innovative technology continually monitors website content to ensure that translations stay true to the text. Building better financial inclusivity The launch of the service also builds on the existing range of accessibility services offered by Nationwide, including SignVideo BSL into contact centres and in-branch BSL interpretation.

Financial Inclusion 58

Financial Inclusion Regs On-Demand Legal 58

The Fintech Times

JUNE 6, 2024

The platform now invites further international participation and private sector proposals for value-added solutions. The Saudi Central Bank (SAMA) has recently joined as a full participant, with over 26 other central banks observing. In 2022, a pilot involving real-value transactions demonstrated the platform’s capabilities.

Participant 45

Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

PYMNTS

JANUARY 22, 2021

This is financial exclusion on a global scale, and as we emerge into 2021, I believe the private sector and governments everywhere must work more closely to improve financial inclusion and reduce the world’s unbanked population. Yet, as the developed world progresses further into cashless living, for the 1.7

Financial Inclusion 73

Financial Inclusion Economy Agreements Small Business 73

The Fintech Times

DECEMBER 21, 2023

billion people lack access to financial services. “We do have really significant opportunities for digital financial inclusion and for driving cashless across the continent,” explained Williams. ” The prospect for innovation in financial technology to uplift Africa’s digital economy is clearly substantial. .”

Innovation 109

Innovation FinTech Financial Inclusion Economy 109

Fintech News

OCTOBER 28, 2024

These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery. Napier AI designs and engineers technological innovation to make a measurable difference in driving down financial crime.

AI 100

AI FinTech Innovation Payment APIs and Integration 100

Fintech Review

JULY 10, 2024

Gaining Traction: Empowering the Unbanked In regions with significant unbanked populations, Decentralised Finance (DeFi) platforms are offering accessible financial services through the innovative use of blockchain technology.

Finance 97

Finance Financial Inclusion Underserved Blockchain 97

Fintech Finance

OCTOBER 29, 2024

To promote financial inclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. Diverse Functionality: Users can immediately utilize the received funds across various app features, promoting a cashless economy and fostering greater financial inclusivity.

Financial Inclusion 91

Financial Inclusion Cross-Border Economy Underserved 91

Fintech Finance

JULY 9, 2024

Nicolas Andine, CEO of NOW Money, expressed his enthusiasm about the partnership: “We are thrilled to partner with Mastercard, a global pioneer in payments innovation. Convenient Digital Payments: Integration of the Mastercard with the NOW Money app allows for seamless financial management.

Visa 95

Visa Financial Inclusion Fraud Detection Financial Literacy 95

Finovate

SEPTEMBER 20, 2024

What does the financial services ecosystem look like in Uzbekistan? What is the level of interest in fintech innovation there? Hughes: The financial services sector is still largely dominated by major state banks, which command around 70% of the market. Are any of these major areas of innovation in Uzbekistan’s fintech scene?

Innovation 121

Innovation FinTech Online and Mobile Banking On-Demand 121

The Fintech Times

SEPTEMBER 8, 2024

This second release of the framework standardises how participants can offer PIS reliably and securely. SAMA’s open banking programme is an initiative under the ‘National Fintech Strategy’, one of the pillars of the Financial Sector Development Programme (FSDP) under Saudi Vision 2030.

Innovation 58

Innovation Best Practices Financial Inclusion Central Bank 58

Fintech News

DECEMBER 2, 2024

Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovative financial 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.

Financial Inclusion 69

Financial Inclusion Financial Literacy Point-of-Sale (POS) NOV 69

Fintech Finance

OCTOBER 29, 2024

” Amnah Ajmal, Executive Vice President Market Development, Mastercard EEMEA said: “At Mastercard, we are committed to advancing financial inclusion by leveraging cutting-edge technology to create meaningful, scalable impact.

Visa 79

Visa Digital Payments Financial Inclusion Online and Mobile Banking 79

Fintech Finance

SEPTEMBER 24, 2024

The Payments Association , the most influential community in payments, has today launched The Payments Manifesto 2025: creating conditions to support growth and innovation in payments. Include strategic change programmes aligned with key priorities, including independent oversight, regulatory effectiveness, innovation, and risk management.

Cross-Border Payments 72

Cross-Border Payments Financial Inclusion Cross-Border Payments 72

The Fintech Times

DECEMBER 6, 2023

“Our collaboration with MDP will equip businesses with innovative payment solutions that allow them to participate in digital commerce and drive financial inclusion,” said Gaurang Shah, executive VP, product and engineering, Eastern Europe, Middle East and Africa, Mastercard.

Visa 63

Visa Payment Solutions Innovation Non-Bank 63

Fintech Finance

AUGUST 27, 2024

The platform will be built on the global ISO 20022 standard and will offer additional features such as Request to Pay and Alias management, providing participants with opportunities for new payments and revenue streams. According to ACI’s latest Prime Time for Real-Time report, 3.8

Instant Payments 80

Instant Payments Real Time Payments ISO 20022 Financial Inclusion 80

Fintech Finance

SEPTEMBER 12, 2024

It further solidifies our ambition to expand our client portfolio, encompassing diverse financial institutions across the region,” comments Dr Reda Helal, Managing Director & Co-Head of Processing – Africa, Network International. Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion.

Product 85

Product Financial Inclusion Debit Card Digital Payments 85

Fintech News

NOVEMBER 12, 2024

This system allows for direct payments at approximately 100 participating merchants, further streamlining the payment process and promoting the adoption of digital currencies within Thailand. Users can make instant mobile payments via a closed-loop QR code system. The Rubie Wallet app is available for download here.

Stablecoins 110

Stablecoins Bots Financial Inclusion Payments 110

The Fintech Times

SEPTEMBER 23, 2024

Sameh Elmallah , CEO of Damen, commented: “Damen’s partnership with BKN301 Group underscores our shared vision and commitment to driving innovation and financial inclusion in the MENA region. ” BKN301 and Dame also emphasise the importance of enhancing cybersecurity, open banking APIs, and the role of Web 3.0

Payment APIs and Integration 58

Payment APIs and Integration Financial Inclusion Web 3.0 Embedded Finance 58

PYMNTS

JANUARY 14, 2021

The Saudi Arabian Monetary Authority (SAMA) is introducing an open banking policy to advance digital innovation in the financial services sector. Through the initiatives in the policy, the goal is to foster the advancement of digital technologies and create new financial services and products.

Innovation 90

Innovation Financial Inclusion Central Bank Participant 90

Fintech Finance

JULY 8, 2024

PayerMax participated in the Regional Headquarters Program (RHQ) established by the Ministry of Investment and obtained a RHQ licence this month. PayerMax’s commitment to the KSA and the broader region is a testament to its dedication to supporting economic and technological development through innovative financial solutions.

Financial Inclusion 89

Financial Inclusion Cross-Border Participant Digital Payments 89

The Fintech Times

OCTOBER 29, 2024

“By offering our users the ability to pay effortlessly with a Mastercard virtual card, we open the door to a world of new possibilities and promote their financial independence.” The post Orange Partners With Mastercard to Expand Access Mobile Financial Services Across Sub-Saharan Africa appeared first on The Fintech Times.

Visa 58

Visa Financial Inclusion Online and Mobile Banking Debit Card 58

Fintech News

MARCH 3, 2024

Platformification, modernisation, banking transformation, financial inclusion, digital innovation, composable journeys, and omnichannel experiences—these are not just objectives and aspirations, but the very fabric of the banking industry’s evolution. Success stories and insights from ENGAGE Asia can be accessed here.

Financial Inclusion 108

Financial Inclusion Participant Innovation Consulting 108

PYMNTS

MARCH 1, 2017

One of them is that too many people in the world are denied access to banking and financial services of any kind. That this lack of financial inclusion excludes them from participating in most of the payments and commerce activities that most of those reading this take for granted. The second?

Financial Inclusion 60

Financial Inclusion Visa Interoperability Economy 60

The Fintech Times

NOVEMBER 13, 2024

DigMo’s launch closely aligns with the government of Zambia’s recent target to accelerate financial inclusion to 85 per cent. Sylvia Brune , CEO of DigMo Group, said: “We are committed to financial planning innovation for low and middle-income earners across Africa. .”

Accounts 58

Accounts Financial Inclusion Underserved Compliance 58

Fintech Finance

AUGUST 20, 2024

Maya Morsy, Minister of Social Solidarity, expressed deep pride in the launch of the Touch Card, a key initiative aimed at advancing financial inclusion for visually impaired individuals, in alignment with national directives. million people with disabilities through the “Karama” program, and the issuance of 1.3

Visa 52

Visa Financial Inclusion ATM Economy 52

Fintech News

JULY 3, 2024

According to the project report containing conclusions and key learnings recently released by the Bank for International Settlements Innovation Hub (BISIH) Singapore Centre, there is a sizeable flow of intra- and extra-ASEAN payments that could be processed through Nexus. The potential impact of this initiative is substantial.

Cross-Border Payments 113

Cross-Border Payments Cross-Border Instant Payments Central Bank 113

Fintech News

NOVEMBER 6, 2024

The event, organised by Singapore’s Global Finance & Technology Network ( GFTN ), Rwanda’s Kigali International Financial Centre (KIFC), and the National Bank of Rwanda, aims to leverage technology for economic inclusion. Rwanda’s role as a co-host underscores its growing prominence in the global fintech landscape.

FinTech 72

FinTech Cross-Border Financial Inclusion Addressing 72

Fintech Finance

OCTOBER 29, 2024

I hope that today’s call to action acts as a pivotal moment in driving financial inclusion across the sector. Sara Davies said: “By empowering the financially vulnerable with the tools and support they need, we can reduce social isolation, improve mental health problems, and foster a more inclusive economy.

Financial Inclusion 113

Financial Inclusion Debit Card Scams Finance 113

Fintech Finance

OCTOBER 28, 2024

By expanding its services, Kuady is enhancing financial access and inclusion across Latin America, enabling more people to participate in the digital economy. By facilitating cross-border transactions, we aim to create a more interconnected financial ecosystem that benefits both our partners and the communities they serve.”

Cross-Border 73

Cross-Border Processors Financial Inclusion Facilitators 73

Fintech News

NOVEMBER 19, 2024

Atome Financial announced securing a US$200 million syndicated credit facility. This was led by HSBC through its ASEAN Growth Fund, with participation from DBS Bank, Sumitomo Mitsui Banking Corporation, and Baiduri Bank. said Andy Tan, Chief Commercial Officer at Atome Financial.

Security 99

Security Financial Inclusion BNPL Volume 99

Fintech News

NOVEMBER 3, 2024

The Singapore Fintech Festival 2024 (SFF 2024) returns for its ninth edition from 6 to 8 November, with a focus on the impact of Artificial Intelligence (AI) and quantum technology on the financial sector. It is worth noting that the 2023 edition of the festival attracted over 66,000 participants from 150 countries.

AI 102

AI FinTech Financial Inclusion Finance 102

Fintech News

FEBRUARY 14, 2024

Additionally, the bank plans to innovate new products targeting this vital economic segment, with a keen emphasis on enterprises owned or led by women. IFC has been a great partner in promoting financial inclusion, differentiating Thai Credit from other market participants,” said Roy Agustinus Gunara, Managing Director of Thai Credit.

Financial Inclusion 109

Financial Inclusion Non-Bank Underserved Finance 109

Fintech Finance

NOVEMBER 15, 2024

This innovative solution is the first of its kind in Vietnam and is now available on Cake’s platform, significantly advancing payment processing modernization. It promotes operations-driven sustainability and scalability to meet demand and adaptability for future payment innovations and growth.

On-Demand 80

On-Demand Debit Card Financial Inclusion Innovation 80