Remove Financial Inclusion Remove Online and Mobile Banking Remove Underserved
article thumbnail

Fintech Solutions for SMEs: Unlocking Growth Potential

Fintech Review

The Financial Barriers Facing SMEs in Emerging Markets SMEs face unique financial obstacles, particularly in emerging markets. Traditional banks often view SMEs as high-risk due to limited credit history and collateral. Traditional banks typically require extensive documentation, credit history, and collateral, which many lack.

FinTech 105
article thumbnail

Embedded Finance Is Making Payments Easier for Everyone Across Asia

Fintech News

In simple, layman’s terms, embedded finance is when financial services – like payments, loans, or insurance – are integrated directly into non-financial platforms. The region has become a hotbed for embedded finance, thanks to its mobile-first economy and digitally savvy population.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

How is Senegal Leveraging Fintech to Overcome Major Inclusion and Economic Challenges?

The Fintech Times

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Mobile phone usage in Senegal has surpassed 60 per cent this year.

FinTech 59
article thumbnail

Inside Africa’s Fastest Growing Fintech: How Moniepoint is Supporting the Underbanked in Nigeria

The Fintech Times

Moniepoint , a Nigeria-based fintech offering an all-in-one banking, credit, and cross-border payment solution for African businesses and their customers, is on a mission to help businesses and individuals digitise their operations. to provide infrastructure and payment solutions for banks and financial institutions.

FinTech 59
article thumbnail

Concerns Over Financial Inclusion Gap in Rural Areas Amid More Bank Closures

The Fintech Times

Lloyds Banking Group is shutting down its mobile van banking service this year and closing 123 branches, sparking concern over reduced access to essential financial services, particularly in rural and underserved areas. is unhappy with Lloyds’ decision to stop its mobile van banking service.

article thumbnail

NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access

Fintech Finance

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
article thumbnail

Kueski Launches In-Store Mobile Payments to Support Underserved Banking Customers in Mexico

The Fintech Times

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.