Fintech News

SEPTEMBER 10, 2024

Asia Pacific point-of-sale payment methods – Select markets, Source: Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution, Deloitte, Jul 2024 Payment interoperability The growth of digital payment innovations in APAC has emphasized the need for connectivity and interoperability in both online and offline transactions.

Cross-Border Payments 104

Cross-Border Payments Cross-Border APACS Interoperability 104

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

Interoperability 106

Interoperability Cross-Border Payments Financial Inclusion 106

Fintech Review

JULY 10, 2024

These initiatives not only provide financial services but also create new income opportunities in regions with limited job prospects. The integration of gaming and finance through blockchain technology opens up avenues for individuals to engage in the digital economy, fostering financial inclusion and economic development.

Finance 97

Finance Financial Inclusion Underserved Blockchain 97

Fintech Finance

NOVEMBER 21, 2024

Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

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The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

Instant Payments 68

Instant Payments Cross-Border Payments Financial Inclusion Underserved 68

Fintech News

SEPTEMBER 19, 2024

Committed to open competition and interoperability, we’re truly ecosystem agnostic, with a strong track record of working with global leading brands like Apple, Tesla, Allianz and CK Hutchison.”

Underserved 122

Underserved Cross-Border Financial Inclusion Interoperability 122

Open Banking Excellence

JULY 1, 2024

With the UK government continuing to support the UK’s broader fintech environment and promote open banking innovation, Open Banking in a Box will champion the UK’s world-leading open banking standards and make the case for greater cross-border interoperability that will benefit UK PLC and support financial inclusion globally.

Use Case 130

Use Case Cross-Border Regulations Best Practices 130

Fintech Finance

SEPTEMBER 24, 2024

These cover financial crime, regulation, open banking, ESG, cross-border payments, digital currencies and financial inclusion. Financial Inclusion The policies aim to work alongside the government’s work to promote financial inclusion to ensure innovation serves diverse needs of businesses and consumers.

Cross-Border Payments 95

Cross-Border Payments Financial Inclusion Cross-Border Financial Crimes 95

Fintech Finance

FEBRUARY 6, 2024

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. Currently, domestic card transactions are routed through international payment gateways. .”

Interoperability 64

Interoperability Real Time Payments Non-Bank Financial Inclusion 64

Fintech Finance

SEPTEMBER 13, 2024

The post U.S. Faster Payments Council Publishes Operational Considerations for Receiving Instant Payments Guideline appeared first on FF News | Fintech Finance.

Instant Payments 131

Instant Payments Faster Payments FPC Real Time Payments 131

Fintech Finance

JANUARY 11, 2024

The Practicalities of Cross-Border Payments in a Faster Payments World also highlights the challenges faced by fintech companies, providing insights into regulatory compliance, security, foreign exchange rate risks, lack of transparency, high costs, interoperability, data privacy, competition with financial institutions, and liquidity management.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Fintech Finance

MARCH 27, 2024

Since then, the company has remained steadfast in its commitment towards financial inclusion and has spearheaded multiple initiatives for its WLA network including deployment of Cash Recycling Machines (CRMs), supporting Interoperable Cash Deposits (ICD). Currently, it is the only WLA operator to offer cash deposit facility.

ATM 52

ATM Financial Inclusion Payments Value Added Service 52

Fintech Finance

JUNE 5, 2024

UPI’s collaborative and open banking ethos enables greater connectivity and interoperability with both domestic and international payment networks and will foster innovation and resilience in the Peruvian payment ecosystem. The support of the Reserve Bank of India has been a cornerstone of this agreement.

Real Time Payments 52

Real Time Payments Financial Inclusion Agreements International Payments 52

Fintech News

DECEMBER 10, 2023

In APAC, financial inclusion has emerged as a driving force behind digital innovation. Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. The absence of proper documentation and financial education presents significant hurdles.

Addressing 112

Addressing Fraud Prevention Financial Inclusion Payments 112

Fintech Finance

MAY 3, 2024

By leveraging technology and experiences from India’s UPI, the partnership seeks to help Namibia modernize its financial ecosystem. This includes improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability.

Underserved 52

Underserved Interoperability Instant Payments International Payments 52

Fintech News

DECEMBER 11, 2023

G+D’s non-DLT-based CBDC system, Filia, was used in the direct model, demonstrating its interoperability and can be integrated into both traditional account-based environments and DLT solutions. ” The post SC Ventures and G+D Complete Pilot on Different Types of CBDC Systems appeared first on Fintech Singapore.

CBDC 104

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 104

The Fintech Times

SEPTEMBER 12, 2024

Kicking off proceedings in the morning on the main stage, Thomas Courtois , CEO of Nickel , the France-based neobank, highlighted the importance of financial inclusion in a modern economy. Courtois first explained that recent trends were positive: “Generally, we can say that financial inclusion has risen during the last year.

Central Bank 63

Central Bank Financial Inclusion Blockchain Interoperability 63

Fintech News

NOVEMBER 12, 2024

These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financial inclusion. However, challenges remain, particularly regarding interoperability.

FinTech 79

FinTech Cross-Border Payments Cross-Border Payment APIs and Integration 79

Fintech Finance

SEPTEMBER 18, 2024

The post U.S. Faster Payments Council Releases Dual Reports on ISO 20022 Implementation and Benefits appeared first on FF News | Fintech Finance.

ISO 20022 96

ISO 20022 ISOs Faster Payments FPC 96

The Fintech Times

OCTOBER 4, 2024

“India has recently achieved unprecedented levels of financial inclusion and is actively promoting the adoption and growth of the online sector,” explains Rashmi Satpute , country director of India at EBANX. “The forecast for consumer spending will be felt in digital commerce as well, in all verticals.”

Consumer 52

Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

The Fintech Times

JULY 16, 2024

As of April 2023, there were 1,000 active fintechs in Latin America (LatAm) with a vast majority focusing on financial inclusion, tackling the issue of 70 per cent of the population not having access to formal financial services. Especially during key growth moments like funding rounds.

Financial Inclusion 52

Financial Inclusion Consumer Assessments Interoperability 52

Fintech Finance

OCTOBER 4, 2024

The context and challenges of each impact the means, not the end, because the result of this digital revolution is very similar in all these regions: economic development, financial inclusion, and innovation,” says Juliana Etcheverry , Director of Country Growth – Latin America at EBANX.

Consumer 98

Consumer Credit Cards Online and Mobile Banking Economy 98

Fintech Review

JULY 16, 2024

Loan applications become more efficient, as lenders can quickly and accurately assess an applicant’s financial health through direct access to banking data. It also promotes financial inclusion. Interoperability between different systems also presents a hurdle.

Innovation 98

Innovation Consumer API Financial Inclusion 98

The Fintech Times

DECEMBER 15, 2023

Today our selection of leaders discuss the evolving payment landscape in 2024, touching on trends like convergence of personal and corporate payments, real-time cross-border payments, interoperability’s influence, and the significance of orchestration in streamlining payments in the travel sector.

Cross-Border 58

Cross-Border Cross-Border Payments Interoperability Payments 58

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. RCBC Diskartech is a multilingual financial inclusion application, available in Taglish (Tagalog-English) and Cebuano.

AI 90

AI FinTech Innovation Payment APIs and Integration 90

Segpay

JUNE 13, 2024

The Service Provider Showcase on FedNow Explorer includes a growing list of more than 100 payment processors, correspondents, banking operations, and application providers to help financial institutions connect and amplify their network. Interoperability: Designed to work alongside existing payment systems.

FedNow 52

FedNow Federal Reserve Real Time Payments Instant Payments 52

Fintech Finance

DECEMBER 13, 2023

The Central Bank will utilize ACI’s Digital Central Infrastructure , part of the award-winning ACI Enterprise Payments Platform to build the Central Infrastructure of an interoperable, countrywide scheme that includes centralized settlement and addressing services for the existing real-time payments schemes.

Real Time Payments 52

Real Time Payments Central Bank Financial Inclusion Payments 52

The Fintech Times

JUNE 6, 2024

The initiative seeks to address inefficiencies in cross-border payments, such as high costs, low speed, and operational complexities, while promoting financial inclusion. This allows it to serve as a testbed for additional technology solutions and interoperability with other platforms.

Participant 45

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

Fintech Finance

APRIL 19, 2024

The report offers a comprehensive analysis of QR code adoption, focusing on five critical factors: · Oversight: A single QR code standard with robust oversight is essential for promoting interoperability and consumer confidence, facilitating QR code usage across different payment networks and devices. The post U.S.

Faster Payments 59

Faster Payments FPC Payments Best Practices 59

Fintech News

JUNE 19, 2024

Stablecoins can be backed by fiat currencies, commodities, or even other cryptocurrencies, and offer a range of benefits, including faster and cheaper cross-border transactions, increased financial inclusion, and the potential for programmable money. Project Orchid, and the 1st use of purpose bound money, in partnership with Grab.

Stablecoins 102

Stablecoins Cross-Border Cross-Border Payments Blockchain 102

Fintech Finance

JULY 24, 2024

The post Carl Slabicki Named Chairperson of U.S.

Faster Payments 97

Faster Payments FPC FedNow RTP 97

Fintech Finance

MAY 8, 2024

The post U.S. Faster Payments Council Unveils Comprehensive Report on Instant Recurring Payments appeared first on Fintech Finance.

Faster Payments 52

Faster Payments FPC Payments RFP 52

Fintech News

MAY 6, 2024

It embodies the principles of openness, collaboration, interoperability, and advocates for the seamless exchange of data and services across diverse platforms and providers. Regulatory changes across the region encourage the adoption of Open Finance by fostering innovation, competition, and financial inclusion.

Compliance 99

Compliance Finance Payment APIs and Integration API 99

Fintech Finance

FEBRUARY 6, 2024

Aani sets a new industry standard by offering full interoperability across all payment services, enabling instant digital payments 24/7. Our partnership with Al Etihad Payments signifies our dedication to driving innovation, fostering financial inclusion, and contributing to the UAE’s cashless economy initiatives.

FinTech 52

FinTech Funds Transfer IBAN P2P 52

Fintech Finance

DECEMBER 13, 2023

The post U.S. Faster Payments Council Publishes New Real-Time Payment APIs Report appeared first on Fintech Finance.

Real Time Payments 52

Real Time Payments Faster Payments API FPC 52

Open Banking Excellence

NOVEMBER 7, 2023

The G20 has issued policy recommendations for advancing financial inclusion and productivity gains, highlighting the role of using technology systems at scale, known as Digital Public Infrastructure (DPI), to realise the benefits. The post Myth or Reality? Unlocking Bank ID in the UK appeared first on Open Banking Excellence.

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Due Diligence Ubiquitous Governance Government 130

The Fintech Times

APRIL 11, 2024

Having established what regulatory challenges banks and fintechs should be aware of when leveraging banking-as-a-service (BaaS), and how the technology is advancing financial inclusion across the globe, we now turn our attention to emerging trends and if they are region-dependent. appeared first on The Fintech Times.

Embedded Finance 74

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 74