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

The Fintech Times

NOVEMBER 13, 2024

A new financial service company bringing gamified wealth-building tools to low and middle-income earners has officially launched in Zambia. DigMo , which is licensed by the Bank of Zambia to operate a wallet, plans to support underserved users by providing access to engaging products with incentives.

Accounts 57

Accounts Financial Inclusion Underserved Compliance 57

Fintech Finance

OCTOBER 29, 2024

With only 48% of the adult population in Africa banked, according to the African Digital Banking Transformation Report ( [link] ), the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.

Visa 90

Visa Digital Payments Financial Inclusion Online and Mobile Banking 90

The Fintech Times

OCTOBER 29, 2024

Recognising this as an issue that needs to be solved, the collaboration between Orange and Mastercard aims to accelerate financial access and contribute to the financial empowerment of underserved communities.

Visa 57

Visa Financial Inclusion Online and Mobile Banking Debit Card 57

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 67

Instant Payments Cross-Border Payments Financial Inclusion Underserved 67

Fintech Finance

SEPTEMBER 12, 2024

Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion. According to the latest data, levels of inclusion have improved ( [link] ) from 59.3% Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap.

Product 94

Product Financial Inclusion Debit Card Digital Payments 94

Fintech News

FEBRUARY 14, 2024

This initiative is part of IFC’s broader commitment to fostering financial inclusivity in Thailand, a commitment that saw a US$105 million loan extended to Thai Credit in July 2023 to support MSMEs, with a significant portion earmarked for WMSMEs.

Financial Inclusion 108

Financial Inclusion Non-Bank Underserved Finance 108

Fintech News

JANUARY 7, 2024

The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. We firmly believe that rural bank digitisation is pivotal to nurture financial inclusivity in Indonesia. Indonesian fintech company KOMUNAL has secured US$ 5.5

Financial Inclusion 116

Financial Inclusion Underserved Participant Regulations 116

Fintech Finance

SEPTEMBER 24, 2024

The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 With a clear path to scale by serving historically underserved users in Pakistan, Qist Bazaar is well-positioned to replicate the growth stories we’ve witnessed across the region.”

BNPL 97

BNPL Underserved Non-Bank Finance 97

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 also launched RCBC Barangayan (village/community) Banking, blending human touch with digital finance to reach underserved communities.

AI 93

AI FinTech Innovation Payment APIs and Integration 93

Fintech Finance

MAY 9, 2024

We are thrilled to collaborate with Mastercard to advance financial inclusion in Africa through the Access Africa initiative,” said Robert Giles, Senior Advisory, Retail Banking, Access Bank. “By

Cross-Border Payments 97

Cross-Border Payments Cross-Border Visa Financial Inclusion 97

Fintech Finance

FEBRUARY 26, 2024

This five-year initiative aims to advance digital financial inclusion for 20 million individuals, including women, small holder farmers (SHF), and nano, micro and small enterprise (NMSE) owners across low- and middle-income countries in Africa, Asia and Latin America. “At

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

The Fintech Times

JULY 28, 2024

“SteelWave Digital can further bridge the financial accessibility gap by expanding its strategic partnerships with global liquidity providers to enhance capital flows into underserved markets. These technologies need to be modern, not outdated. “In the world of finance, technology should and can serve people.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

Clearly Payments

MARCH 11, 2024

Economic Implications in Payments The adoption of cryptocurrency has far-reaching economic implications for Canada, ranging from increased financial inclusion to enhanced economic competitiveness. Moreover, as Canada positions itself as a hub for blockchain and cryptocurrency innovation among the startup community.

Cryptocurrency 77

Cryptocurrency Financial Inclusion Consumer Protection Payments 77

Fintech News

JANUARY 15, 2024

This allows participating wallets (both local and cross-border) and merchants to have a common standard interface for sending and receiving payment notifications. This broader perspective facilitates alternative credit scoring methods, potentially increasing lending to previously unserved or underserved segments.

Interoperability 109

Interoperability Cross-Border Payments Financial Inclusion 109

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 100

Embedded Finance APACS Financial Inclusion CBDC 100

FICO

MARCH 25, 2020

For its achievement, Home Credit was awarded the 2019 FICO® Decisions Award for Financial Inclusion. This type of financial inclusion is good for the consumer and good for our business. The team has been methodical in building a dynamic and robust scoring tool and Home Credit participates on the development.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

The Fintech Times

FEBRUARY 16, 2024

The initiative addresses the serious challenges facing emerging economies globally in financial inclusion. These underserved communities also deal with such issues as workers sending money back home and being hit with unfair charges as high as 6.8 per cent. .

Bitcoin 70

Bitcoin Blockchain Financial Inclusion Underserved 70

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. 3 Programmable Money: Advancing Financial Inclusion or Creating Walled Gardens, Powered by J.P.

Embedded Finance 90

Embedded Finance APACS Financial Inclusion CBDC 90

PYMNTS

SEPTEMBER 15, 2017

LendUp and Beneficial State Bank have a different approach: They want to invest and make money on their customers who are succeeding financially and are able to participate in the full spectrum of the financial system. And that, he said, is hard and time-consuming work.

Financial Inclusion 79

Financial Inclusion FinTech Credit Cards Caps 79

PYMNTS

OCTOBER 23, 2020

The financial commitment from Mastercard and the Mastercard Impact Fund deposits the money into Community Development Financial Institution (CDFI) banks and Low-Income Designated credit unions, which assists women- and minority-owned businesses in underserved communities across the U.S.

Visa 108

Visa Underserved Small Business Credit Union 108

Fintech Finance

MARCH 22, 2024

Remittances play a key role in strengthening financial inclusion in the region, boosting economies, and alleviating poverty –often serving as an essential source of income for people in low- and middle-income communities. A financial exclusion gap also still exists affecting underserved or unbanked communities.

Visa 52

Visa Cross-Border Cross-Border Payments Financial Inclusion 52

Faster Payments Council

MARCH 30, 2022

Attend this session to hear a discussion on financial inclusion, authentication, and consumer protections. It will be based on the results of an online survey of 100 participants from payments processing organizations across the globe (conducted by Edgar, Dunn & Company on behalf of ACI Worldwide and the U.S.

FPC 88

FPC Faster Payments Cross-Border Financial Inclusion 88

The Fintech Times

FEBRUARY 19, 2024

They can easily capitalise on personalisation, financial inclusion , and frictionless finance through their data-driven approach to customers and providing customised payment solutions to all, even those who are unbanked and financially excluded. Fintechs are natural trailblazers in the cashless revolution.

Financial Inclusion 57

Financial Inclusion Online and Mobile Banking Digital Currency Economy 57

PYMNTS

APRIL 26, 2018

In a press release , Mastercard said that updating the agreement inked in 2015 will help financial companies in developing countries participate in the Mastercard network through an IFC program. According to Mastercard electronic payments help underserved consumers and small businesses participate in the formal economy.

Visa 48

Visa Digital Payments Underserved Agreements 48

Fintech News

MAY 20, 2024

Attendees will have the opportunity to gain practical and actionable insights into leveraging customers’ financial data to boost engagement and drive business impact.

FinTech 133

FinTech Embedded Finance BNPL AI 133

PYMNTS

SEPTEMBER 17, 2019

16) said its Series A round was led by Flourish, a venture of The Omidyar Group, while DST Global and existing backers Newfund, Speedinvest and Le Studio VC also participated. Our vision is to build a holistic financial platform for underserved customers in emerging markets,” explained FairMoney CEO Laurin Hainy in a statement. “We

Financial Inclusion 46

Financial Inclusion Underserved Small Business Underwriting 46

PYMNTS

JULY 29, 2020

It’s a merging of capabilities with three primary goals: 1) to build new commerce experiences; 2) to expand financial participation in the digital ecosystem globally; and 3) to drive startup innovation to push those goals forward worldwide. There’s often a dearth of information available to do that, Webster said.

Innovation 71

Innovation Visa Micro-Entry Financial Inclusion 71

Clearly Payments

FEBRUARY 12, 2024

Financial Inclusion and Access to Financial Services: Visa and Mastercard play a crucial role in promoting financial inclusion by providing access to electronic payment services for individuals who may not have access to traditional banking services.

Visa 84

Visa Payments Payment Networks Online and Mobile Banking 84

FICO

APRIL 27, 2017

What they’re doing is participating in a new type of psychometric credit scoring that could expand credit in markets worldwide. Through the FICO Financial Inclusion Initiative, we offer new, innovative FICO solutions, which incorporate a wider range of data sources.

Credit Risk 66

Credit Risk Assessments Risk Financial Inclusion 66

Fintech News

OCTOBER 16, 2024

Building on its success in 2023, which attracted over 66,000 participants from 150 countries, SFF 2024 will feature a distinguished lineup of global central bankers, regulators, industry leaders, entrepreneurs, investors, innovators, and influencers.

FinTech 110

FinTech Cross-Border Payments AI Innovation 110

PYMNTS

MAY 12, 2017

There’s almost no one out there who argues against the merits of serving the underserved — and the high cost of poverty doesn’t have many vocal advocates. That there should be more and better solutions to serve the currently underserved is not a controversial point.

Financial Inclusion 46

Financial Inclusion Underserved Participant Consumer 46

Fintech Labs Insights

SEPTEMBER 15, 2016

But we’ll concede that announcing a $14 million funding round featuring participation from the former CEOs at companies like AT&T Wireless Telefonica International, and Vodafone Group is pretty good, too. The company’s investors include Wing Venture Capital, Freestyle, and Seed-Resolute.

Financial Inclusion 20

Financial Inclusion Underserved Participant Technology 20

Fintech News

MARCH 26, 2024

It offers a range of services including a white-label payment gateway for banks and institutions, and an all-inclusive payment gateway solution for merchants. #4 4 Svamaan Financial Services (India) Svamaan Financial Services is a microfinance institution that operates in India with a focus on financial inclusion and social impact.

FinTech 96

FinTech APACS Payment APIs and Integration Multi-Currency 96

PYMNTS

AUGUST 6, 2019

The committee is focused on developing and encouraging the use of digital payments in India, while also improving financial inclusion. Programs like this could lessen the reliance on cash in remote locations, allowing consumers to fully participate in the global financial world. .

Instant Payments 43

Instant Payments Online and Mobile Banking Enrollments Payments 43

CB Insights

AUGUST 1, 2017

across 3 funds, participated in roughly 207 deals to 131 companies, and invested in several unicorn startups ($1B+ valuation), including Slack , Flatiron Health , SurveyMonkey , Box and Yammer (as of 7/3/17). . Since officially launching in 2011, Social Capital has participated in 207 equity investments totaling $2.99B (as of 7/1/17).

Participant 34

Participant Online and Mobile Banking Acquirers On-Demand 34

Fintech News

JULY 23, 2024

The company provides flexible capital access to small and medium-sized enterprises (SMEs) with competitive interest rates and flexible options in loan tenors, payment models, and collateral participation. It also invests in community initiatives, equipping underserved communities with future-ready skills and promoting food resilience.

FinTech 123

FinTech Online and Mobile Banking Multi-Currency Non-Bank 123