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 News

MAY 28, 2024

The meteoric ascent of Brazilian neobank Nubank has sent shockwaves through the Latin American banking industry. As digital banks in the Asia Pacific (APAC) region aim to replicate this success, there are valuable lessons to be learned from the unconventional Nubank approach to banking.

APACS 124

APACS Financial Inclusion Online and Mobile Banking Disaster Recovery 124

Fintech Finance

JULY 9, 2024

NOW Money , one of the leading inclusive digital payroll and banking platform for migrant workers, today announced its new strategic partnership with Mastercard , a global technology company in the payments industry. Customers can handle payments, transfers, and other financial operations directly from their mobile phones.

Visa 98

Visa Financial Inclusion Fraud Detection Financial Literacy 98

Fintech News

AUGUST 26, 2024

Thailand is moving closer to welcoming its first virtual banks, with the Bank of Thailand (BOT) currently accepting applications for the virtual banking license. With the deadline looming on the 19th of September 2024, speculations are rife for Thailand’s virtual banking license applicants.

Online and Mobile Banking 117

Online and Mobile Banking Financial Inclusion Bots Underserved 117

The Fintech Times

APRIL 10, 2024

Kueski , the buy now, pay later (BNPL) and online consumer lender in Latin America, has launched an in-store version of Kueski Pay, which will become available to all consumers by the end of Q2 of 2024, to offer them the ability to complete transactions through the Kueski mobile app, regardless of internet connection, in physical stores.

Underserved 64

Underserved Mobile Payments BNPL Online and Mobile Banking 64

Fintech Finance

OCTOBER 4, 2024

Obtaining the operating authorization from the National Bank of Romania (BNR), on October 1, 2024, six months after submitting the authorization application, allows the start of operations and the continuation of preparations for the launch of the system. The BLIK online payment process is quick and intuitive. million by 2029.

Authorization 96

Authorization Online and Mobile Banking Payments Legal 96

Fintech News

JULY 15, 2024

billion) in 2022, according to Thant Mam Hein, assistant manager of sustainability at uab bank. Reports also show that approximately 50% of Myanmar’s adult population had a bank account in 2020, reflecting growth in financial inclusion and creating new opportunities for businesses and individuals. trillion (US$3.8

FinTech 109

FinTech Online and Mobile Banking Financial Inclusion Payroll 109

Clearly Payments

OCTOBER 7, 2024

Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. Consumers quickly embraced mobile wallets and tap-to-pay cards, driven by the desire to minimize physical contact during transactions.

Cross-Border 94

Cross-Border Processors Multi-Currency Contactless Payments 94

Fintech Review

JULY 24, 2024

This article delves into how fintech is reshaping financial services in these regions. We will explore success stories, the pivotal role of mobile money , and the unique challenges faced. The Role of Mobile Money Mobile money is a cornerstone of fintech in emerging markets.

FinTech 105

FinTech Financial Literacy Online and Mobile Banking Financial Inclusion 105

Fintech Finance

FEBRUARY 29, 2024

Mastercard and MTN Group Fintech have signed a multi-market agreement that will set in motion a new era of collaboration to connect millions of people and small businesses across Africa with digital tools to transact through secure mobile payments, expanding access to the benefits of the cashless digital economy. Africa is home to over 1.3

Visa 52

Visa Financial Inclusion FinTech Online and Mobile Banking 52

Fintech Finance

JULY 4, 2024

SecurityTech company Giesecke+Devrient (G+D) is making digital payments independent of online connectivity. The token-based payment solution G+D Filia® Unplugged enables consecutive, secure offline payment transactions anytime and anywhere, bridging the gap between seamless online and offline payments without a reliable internet connection.

Digital Payments 98

Digital Payments Online and Mobile Banking Financial Inclusion Central Bank 98

Fintech News

JULY 3, 2024

Vietnam’s digital finance landscape is undergoing a notable shift as new players emerge, established ones fade, and traditional banks rise to prominence, a new report by Decision Lab shows. However, by Q4 2023, Moca had slipped out of the top rankings, replaced by mobile apps from traditional banks.

Finance 112

Finance Online and Mobile Banking Micro-Entry Non-Bank 112

Clearly Payments

MARCH 22, 2024

In the landscape of commerce, mobile payments have emerged as a disruptive force, altering the way people engage in financial transactions. As technology advances and consumer preferences evolve, the trajectory of mobile payments promises unparalleled convenience, robust security, and seamless integration into our daily lives.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

Fintech Finance

OCTOBER 2, 2024

BKN301 Group , a London-based leading digital payments and Banking-as-a-Service (BaaS) provider in the MENA region, unveiled its latest innovative payment solution, ‘301 Retail Account.’ The solution will further help promote financial inclusion and economic progress in the region.

Payment Solutions 97

Payment Solutions Accounts Payment APIs and Integration Online and Mobile Banking 97

The Fintech Times

MARCH 14, 2024

Not so many years ago, Filipinos had to visit bank branches or ATMs to transfer money and manage their accounts. A complex set of geographic and institutional barriers, including the fragmentation of Filipinos across over 7,000 islands, and low levels of financial literacy, are also hampering the use of financial services.

Online and Mobile Banking 115

Online and Mobile Banking Financial Inclusion Encryption Financial Literacy 115

PYMNTS

NOVEMBER 12, 2020

PYMNTS’ November 2020 Disbursements Tracker® , done in collaboration with Ingo Money , states that “FIs that support digital and mobile payment tools could help these consumers access financial solutions without using traditional accounts, but many FIs must address age-old challenges before they can roll out such tools.”

Online and Mobile Banking 81

Online and Mobile Banking Financial Inclusion PayPal FDIC 81

Fintech News

MARCH 6, 2024

Are digital first banks in Asia poised to lead a disruptive charge against well-entrenched, established commercial banks? In the traditional banking sphere globally, but especially true in Asia, there is a considerable proportion of unbanked and underbanked populations who lack complete or any access to banking services.

Online and Mobile Banking 134

Online and Mobile Banking Debit Card Non-Bank Push-to-Card 134

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. Including mobile money, APMs will represent around 63 per cent of African digital commerce by 2025.

Consumer 52

Consumer Online and Mobile Banking Instant Payments Financial Inclusion 52

Finovate

SEPTEMBER 20, 2024

Before that, we were talking about Ireland’s Central Bank and its search for top fintech talent, new investment in mobile payments in the Philippines , and the pace of digital transformation in India’s financial services sector. You joined TBC a few years after the bank expanded to Uzbekistan. Why Uzbekistan?

Innovation 122

Innovation FinTech Online and Mobile Banking On-Demand 122

The Fintech Times

JULY 24, 2024

Nicky Senyard, CEO and founder of Fintel Connect “Developing countries are actually great places for new ideas because they often don’t have traditional banks. This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

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.

Embedded Finance 75

Embedded Finance Non-Bank Online and Mobile Banking Financial Inclusion 75

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 News

MAY 23, 2024

Confronted by shifting factors such as tech advancements, generative AI, high interest rates, increased institutional oversight, and evolving customer expectations — the best banks must adapt their business and operating models in 2024, including in Asia. CHINA #1 China Merchants Bank China Merchants Bank Co.,

Online and Mobile Banking 129

Online and Mobile Banking Treasury Non-Bank Finance 129

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 106

Cross-Border Payments Cross-Border APACS Interoperability 106

PYMNTS

FEBRUARY 2, 2021

In Pakistan, and elsewhere, the stars are aligning for greater use of digital banking and payments to improve financial inclusion. A widespread embrace of mobile devices, said Wain, “made it possible for new players in that ecosystem to build and deliver services on top of the mobile telecom infrastructure.

Digital Payments 94

Digital Payments Online and Mobile Banking Point-of-Sale (POS) Financial Inclusion 94

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

The Fintech Times

FEBRUARY 27, 2024

Fostering financial inclusion Michael Wallis-Brown, VP of mobile FS, Ericsson Characterised by their swiftness, accessibility and innovation, digital wallets offer practical solutions for managing expenses during economic challenges, explains Michael Wallis-Brown , vice president and global head of mobile financial services at Ericsson.

Financial Inclusion 102

Financial Inclusion Online and Mobile Banking Transactions Consumer 102

Finovate

OCTOBER 4, 2024

Netherlands-based digital banking platform Plumery secured $3.3 Founded in 2022, Plumery offers a digital banking platform that enables businesses to rapidly customize and deploy their banking operations. This week’s edition of Finovate Global features recent fintech news and headlines from the Netherlands.

AI 64

AI Innovation Payment APIs and Integration Online and Mobile Banking 64

PYMNTS

MAY 10, 2016

Just a few months ago at PYMNTS’ Innovation Project 2016 , PayPal CEO Dan Schulman told Karen Webster that “financial inclusion is really about financial health.”. Acquiring that financial health means financial institutions are able to not only know, but accurately identify, their customers. Relying on prepaid.

Financial Inclusion 42

Financial Inclusion Demand Deposit Account (DDA) Online and Mobile Banking Authentication 42

PYMNTS

JULY 26, 2020

of India (NPCI) that facilitates inter-bank transactions, has propelled the growth of online payments, the Financial Times (FT) reported. UPI was established by the central bank and is owned by a group of local lenders. Its proponents insist UPI has revolutionized financial inclusion in the county of 1.4

Volume 123

Volume Transactions Digital Payments Online and Mobile Banking 123

The Fintech Times

JULY 22, 2024

We set out to find out… Partnering with fintechs Michael Zetser, CEO, of Flyfish For Michael Zetser , CEO, of Flyfish , the global digital banking marketplace, the answer many incumbents are looking for lies with their perceived threats: fintechs. This comprehensive approach is what we refer to as financial inclusion.”

Adjustments 94

Adjustments Online and Mobile Banking Financial Inclusion FinTech 94

EBizCharge

OCTOBER 10, 2024

The PayTech Awards USA recognizes excellence and innovation in the banking, financial technology, and payment sectors. From impressive start-ups to well-established industry leaders, these awards highlight initiatives that transform payments, enhance financial inclusion and empowerment, and deliver unmatched technology.

Embedded Payments 59

Embedded Payments Payment Solutions CRM Payment Gateways 59

Clearly Payments

APRIL 9, 2024

The Definition of Fintech vs Traditional Finance Fintech refers to financial technology, which encompasses a broad range of tech innovations and advancements applied to financial services. Overall, fintech aims to improve and automate the delivery and use of financial services, often focusing on innovation, usabilty, and efficiency.

Finance 90

Finance FinTech Online and Mobile Banking Payment APIs and Integration 90

The Fintech Times

JULY 5, 2024

Filia Unplugged ensures consecutive, secure offline digital payment transactions at any time and place and bridges the gap between seamless online and offline payments without reliable internet connectivity. “Offline payments are the missing link in the digital payment sphere.

Digital Payments 52

Digital Payments Transactions Online and Mobile Banking CBDC 52

PYMNTS

SEPTEMBER 15, 2020

Scotland-based Tesco Bank has announced that it’s the first financial institution (FI) in the United Kingdom to introduce technology that allows its 2.6 Tesco Bank ’s purpose is to help … shoppers manage their money a little better every day,” said Sigga Sigurdardottir, Tesco’s chief customer officer, in a statement.

Credit Cards 56

Credit Cards Digital Payments Central Bank Online and Mobile Banking 56

Fintech Finance

MAY 9, 2024

This revolutionary service provides over 5 million Lebanese citizens with the ability to manage their payments securely and transparently for local and international purchases without needing a bank account. Through Wink Pay, we can simplify and digitize customer onboarding, as well as facilitate online payments.

Payment APIs and Integration 97

Payment APIs and Integration Technology Online and Mobile Banking API 97

Fintech News

AUGUST 26, 2024

It’s a tale of a cultural shift, governments and innovators working in tandem, and millions leapfrogging traditional banking to embrace a mobile-first approach to finance. The region’s historical challenges with traditional banking access have paradoxically catalyzed innovation.

APACS 115

APACS PCI DSS Push-to-Card Online and Mobile Banking 115