This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
By CTO James Legan, PayQuicker As the payments industry evolves, three key trends will define 2025: the rise of AI-driven personalization, the The post How AI, On-Demand Payroll, FinancialInclusion Will Redefine Payments in 2025 first appeared on Payments NEXT.
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.
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.
In recent podcast episodes, Palmer and his guests have covered topics including the emerging regulatory environment in Europe, the outlook for cryptocurrencies, the opportunities in conversational banking, and the challenge of financialinclusion for female entrepreneurs in the Global South.
The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.
Financialinclusion opportunities for Southeast Asia’s fintechs The report, released in December, explores the driving factors and key trends in Southeast Asias fintech market, highlighting Southeast Asias robust fundamentals which have been propelled the fintech sectors rapid growth. billion underbanked adults.
With many populations across Africa being underbanked, PayRetailers accelerates financialinclusion across the region by supporting businesses with their growth journey. The post PayRetailers Expands Further Into Africa, Boosting FinancialInclusion Across Eight Additional Key Markets appeared first on FF News | Fintech Finance.
Western nations have imposed various sanctions on the ruling junta, including restrictions on their access to financial services. Access to capital is a significant challenge for micro, small, and medium enterprises (MSMEs), despite high demand. However, it is unclear whether this program remains active today.
To promote financialinclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. The demand for efficient and user-friendly financial solutions is paramount, especially among the unbanked population, which stands at approximately 40% of the adult population in Peru.
They were key contributors in a panel at the Singapore Fintech Festival , discussing the role of profitable scalability in financialinclusion. These institutions demand scalable, flexible, and customisable technology solutions, and Antonio mentioned that Oradian continues to evolve its product to meet these emerging needs.
But to fully realize the sector’s potential, stakeholders must focus on nurturing a robust ecosystem by enhancing capital access, attracting and retaining top talent and fostering a strong demand for payment solutions, a new report by Emerging Payments Association Asia (EPAA) says.
With a strong focus on financialinclusion, Fuse aims to bridge the gap between traditional and decentralized finance, empowering small businesses and emerging markets. Fuse is committed to driving financialinclusion and creating a decentralized future where everyone has the tools and opportunities to succeed.
Moshe Winegarten, Chief Revenue Officer at Ecommpay, commented : The demand for greater customisation options within the market has been undeniable, and were proud to be at the forefront with this innovative tool. Simplifying personalisation of the payment process is a vital step in the journey towards total financialinclusivity.
SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financialinclusion serve as robust drivers for long-term growth. This demand is expected to fuel fintech innovations even in the face of current economic hurdles.
With Mastercard’s Pay on Demand platform, people get improved access to financial services and other offerings, which drives financialinclusion and can bring about improved economic possibilities for individuals and businesses.
At the Digital Future Forum, Visa’s experts highlighted key trends set to redefine Vietnam’s payment landscape by 2025: Real-Time and Account-to-Account Payments: Consumers and businesses demand faster, more efficient payments. The Digital Future Forum highlighted the evolving preferences and behaviors of Vietnamese consumers.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
The EU’s shift to open banking and finance presents both opportunities and challenges, demanding a balance between innovation, security, and regulation. The challenges hindering progress The financial institutions, which should theoretically be the primary drivers of this transformation, are facing a profound and multifaceted dilemma.
De-risking endangers financialinclusion, driving MSBs out and boosting unregulated markets, calling for urgent reform. As professionals deeply embedded in the payments industry, we are acutely aware of the delicate balance between risk management and financialinclusion.
As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financialinclusion and bridging technological gaps between advanced and developing economies. The transformative impact of UPI underscores the potential of integrated financial systems.
Checkbooks new integration addresses this demand by providing businesses with a streamlined solution to disburse funds directly to the widely used PayPal and Venmo platforms. FinancialInclusion: Enabling companies to disburse money to those who are historically underbanked or unbanked.
In 2023, Peru received approximately $4.4billion in remittances, supporting the demand for streamlined, efficient money transfer options. The partnership aims to broaden financialinclusion as well as improve access to remittances by enabling funds sent via TerraPay’ s network to be received directly within the Yape app.
By providing seamless, secure, and real-time payout capabilities, were empowering merchants with the agility to thrive in this fast-evolving landscape, while effectively meeting the growing consumer demand for speed and convenience, noted Remo Giovanni Abbondandolo , general manager for MENA at Checkout.com. ” Why Visa Direct?
By displaying real-time rates based on what other users are willing to pay, the platform creates a liquid ecosystem, lowers remittance costs, and empowers users to trade confidently, allowing greater financialinclusion. Our growth in a short period of time reflects the underlying demand for better global payments.
NOW Money , a fintech providing banking and payroll solutions to the underbanked migrant population in the Middle East, is on a mission to provide accessible and inclusive finance. We are committed to supporting NOW Money’s growth strategy of promoting financialinclusion by providing innovative payment solutions.
Improving financial access Instapay Technologies focuses on financialinclusion for unbanked workers by providing accessible and convenient financial solutions. Through its technology-driven approach, Instapay aims to improve financial access and well-being for underserved communities.
The Asian payments market is growing at an extremely fast rate due to a variety of factors, including an increase in smartphone penetration, rising financialinclusion, and the booming demand for digital services. Its latest milestone has included the launch of new local payment options across the region.
This also addresses the increasing demand for faster, more efficient cross-border payments. Fully compliant with regulatory directives, the solution not only ensures secure transactions but also facilitates financialinclusivity by making digital payments accessible to all.
This innovation enhances the consumer experience while setting a new standard for secure, frictionless payments, advancing financialinclusion in Somalia. The Tap2Pay solution signifies a groundbreaking step in Africa’s financial sector, aligning with global advancements in technology and transforming the way we make payments.
Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financialinclusion through clear regulations.
While there was great demand from consumers to purchase substantial items on credit such as motorcycles, electronics and whitegoods, the company’s growth was being hamstrung by inflexible systems. “We For its achievements, Grupo Monge won a 2021 FICO® Decisions Award for financialinclusion. We had Outgrown the In-store Model.
the oldest bank in Rwanda and licensed by the Central Bank of Rwanda , and Network International (Network) have partnered to improve financialinclusion in the country. The post Rwandan FinancialInclusivity Bolstered by I&M Bank (Rwanda) Plc & Network International Partnership appeared first on The Fintech Times.
Named Africa’s fastest-growing fintech company by the Financial Times for two years running, Moniepoint has secured investment from major players including payment giant Visa and tech behemoth Google. to provide infrastructure and payment solutions for banks and financial institutions. Huge, for both businesses and individuals.
This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.
The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financialinclusion forward. Paymentology will play a vital role in this shift, advancing sustainable, inclusive products that bridge the gaps left by traditional banking.
Launching the Prepaid Hibir Mastercard in collaboration with Mastercard is a testament to this, marking a significant step towards our mission of digital financialinclusion. With financialinclusion on the rise in Ethiopia, we are committed to providing an efficient and reliable service for both Mastercard and Hibret Bank.
Through a new strategic partnership with TerraPay, PayPal aimsto drive economic growth in the Middle East and Africa by making cross-border transactions faster and more accessible by connecting banks, mobile wallets, and financial institutions. Together, we are driving a new era of digital payments.”
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
Network International , the payment solutions provider in the Middle East and Africa, is partnering with GIM-UEMOA , the regional payment scheme in West Africa, to enhance financialinclusion across the eight member countries of the West African Economic and Monetary Union (WAEMU).
Embrace FinancialInclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financialinclusion — a major focal area for APAC digital banks as well. This presents a massive untapped market for digital banks willing to prioritise financialinclusion.
The Mastercard Ghana Fintech Forum aimed to address these issues, fostering engagement and innovation to drive financialinclusion. “At At Mastercard, we believe in the power of collaboration to overcome unique market challenges, drive innovation, and foster growth in the financial sector.
This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands.
With rising demand for fast, secure, and efficient payment solutions, this partnership bridges key gaps in financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy. .” billion USD in 2025 and is expected to reach $422.56 billion USD by 2030.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content