Fintech News

JULY 1, 2024

This funding will enable Validus’ Indonesian subsidiary, Batumbu , to expand its reach and support more local businesses. The collaboration between Oikocredit and Validus aims to address the significant SME funding gap in Indonesia, where many small businesses struggle to access funds from commercial banks due to data and risk issues.

Finance 110

Finance Security Underserved Financial Inclusion 110

FICO

OCTOBER 25, 2016

That’s why FICO has announced the FICO Financial Inclusion Initiative , a global effort to increase access to affordable credit for consumers and businesses with limited or no credit history. The post New Ways to Score Risk Can Improve Financial Inclusion appeared first on FICO. For more information: [link].

Financial Inclusion 104

Financial Inclusion Risk Underserved Non-Bank 104

The Fintech Times

MARCH 26, 2024

As insurers strive to meet the evolving needs of a digitally-savvy customer base while addressing the persistent challenge of financial inclusion, they are increasingly turning to fintech solutions. “These solutions enhance accessibility by providing digital insurance options tailored to the needs of underserved communities.

Underserved 115

Underserved FinTech Financial Inclusion Risk 115

Faster Payments Council

FEBRUARY 18, 2021

Faster Payments Council (FPC), a membership organization devoted to advancing faster payments in the United States, today announced it has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. For more information on the FPC, its current work efforts or to join, visit FasterPaymentsCouncil.org.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Cross-Border Payments 68

Fintech News

FEBRUARY 26, 2024

This project, set to span five years, targets the promotion of digital financial access for 20 million people, focusing on women, smallholder farmers, and small business owners in developing regions of Asia, Africa, and Latin America. said Ashley Olson Onyango, Head of Financial Inclusion and AgriTech, GSMA.

Financial Inclusion 91

Financial Inclusion Finance Financial Literacy Underserved 91

Fintech News

JUNE 18, 2024

This investment from global nonprofit Accion aims to help Amartha expand its platform, offering a full range of financial products and services to underserved women-led small businesses in rural Indonesia using data and AI. Indonesian microfinance fintech company Amartha has secured a US$17.5

Underserved 111

Underserved Small Business AI FinTech 111

Fintech News

FEBRUARY 14, 2024

million (THB 844 million) in Thai Credit Bank Public Company Limited to boost small business financing in the country with a particular focus on women-owned or led firms. Jane Yuan Xu “Dedicated financing for MSMEs, including WMSMEs, is critical for an inclusive and sustainable economy.

Financial Inclusion 110

Financial Inclusion Non-Bank Underserved Finance 110

Payments Source

MARCH 8, 2016

PayPal is partnering with venture development group Village Capital to accelerate financial technology innovation for underserved consumers and small businesses in the U.S., Latin America and India.

Financial Inclusion 63

Financial Inclusion PayPal Underserved Small Business 63

Finovate

JULY 5, 2024

. “This is a significant milestone for Ascend Money, which not only validates our commitment to innovation and financial inclusion in Thailand but also demonstrates a growing interest and confidence in Ascend Money’s potential,” said Ascend Money Founder and Chairman Suphachai Chearavanont.

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

Fintech News

AUGUST 26, 2024

The BOT aims for these new digital players to enhance financial services through the use of technology and data, improve financial inclusion, and foster healthy competition. So far, five consortia and firms, representing both Thai and regional business groups, have expressed interest in obtaining a license.

Online and Mobile Banking 120

Online and Mobile Banking Financial Inclusion Bots Underserved 120

Fintech News

APRIL 29, 2024

The International Finance Corporation (IFC) has partnered with KB Kookmin Card (KBC), a South Korean credit card issuer, to enhance financial access for small businesses in Indonesia and promote digital inclusion in Thailand. Kim-See Lim “Financial and digital inclusion underpin resilient and inclusive growth.

Card Issuer 107

Card Issuer Best Practices Underserved Finance 107

The Fintech Times

JULY 24, 2024

“Regulatory frameworks are being adjusted to support fintech innovations and foster a conducive environment for financial technology growth. India’s Aadhaar ) enabling easier access to financial services. Encouraging the inclusion of nontraditional data into credit bureaus.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

PYMNTS

OCTOBER 23, 2020

Mastercard is marking National Women’s Small Business Month by furthering its support of the female-founded impact investment platform CNote with an infusion of $20 million, the company announced Friday (Oct. This investment is part of Mastercard’s push to “help close the racial wealth and opportunity gap.”.

Visa 108

Visa Underserved Small Business Credit Union 108

PYMNTS

JANUARY 14, 2021

“We are delighted to draw upon the expertise of top investors who know financial services and FinTech well, so that we can continue to build and open up access to affordable and transparent financial services for millions of underserved people and small businesses, and make inroads into financial inclusion in the region.”.

Finance 81

Finance Financial Inclusion Underserved Small Business 81

The Fintech Times

MARCH 5, 2024

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. We believe access to credit is extremely important to grow the small and medium businesses which are the backbone of emerging economies. Just in 2023 Yabx disbursed over 20 million loans to 2.4

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

PYMNTS

SEPTEMBER 22, 2017

Promoting financial inclusion — a lofty ambition targeting two billion people around the world who currently live without the ability to securely send and receive money — is about more than taking cash away, handing those consumers an electronic payments solution and opening up bank accounts for them. But balances remain at zero.

Visa 64

Visa Financial Inclusion Small Business Point-of-Sale (POS) 64

The Fintech Times

FEBRUARY 19, 2024

Businesses navigating a new landscape Large and small businesses are adapting quickly to the cashless paradigm, accelerated by COVID-19. With so much of the world economy reshaping itself in the post-pandemic landscape, is the confidence of business leadership in the US dollar misplaced?

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. 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

NOVEMBER 15, 2018

In a press release, Grab said the launch of the remittance offering marks a “significant milestone” toward the company’s vision for on ASEAN eWallet that will improve financial inclusion for the growing middle class and micro-entrepreneurs in the region. Grab made the announcement during the 33rd ASEAN Summit.

Financial Inclusion 55

Financial Inclusion eWallet Cross-Border Multi-Currency 55

PYMNTS

APRIL 26, 2018

Mastercard said the new agreement will support a “major” expansion of the program to more participating banks and financial institutions. According to Mastercard electronic payments help underserved consumers and small businesses participate in the formal economy.

Visa 48

Visa Digital Payments Underserved Agreements 48

PYMNTS

NOVEMBER 29, 2017

According to WiseWage, which is owned by non-profit Reinvestment Partners and — similar to SOLE Financial — focuses on servicing underbanked employees, the decision to collaborate with SOLE is an effort “to move from advocacy to action in the financial inclusion space.”. Everybody wins.”.

Payroll 44

Payroll Financial Literacy Financial Inclusion Direct Deposit 44

Clearly Payments

FEBRUARY 12, 2024

High interchange fees can eat into merchants’ profit margins, particularly for small businesses with tight budgets. As dominant players, Visa and Mastercard have significant control over interchange fee rates , which can impact merchants’ costs for processing card transactions.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

FEBRUARY 11, 2020

To improve the financial lives of millions of Americans, speed matters — especially for FinTechs seeking to bring new products to market digitally and to target consumers underserved by traditional banking models. A year-and-a-half ago, when we re-engaged, it seemed like a natural fit,” said Haymond.

Visa 61

Visa Consumer Financial Inclusion Underserved 61

CB Insights

JANUARY 5, 2021

Digital banks striving for greater financial inclusion within this demographic need to remain aware of stressors common among seniors, whether that be fraud, difficult digital experiences, or lack of human support entirely. One way they’re positioning themselves against incumbents is by targeting historically underserved groups.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

NOVEMBER 27, 2019

Here in the UAE, they are underserved, yet they contribute strongly to the economy.”. Such businesses don’t always find it easy to access the banking and payment services they need, among other things. SMBs] are the backbone of many economies,” he said.

FinTech 66

FinTech Financial Inclusion Governance Government 66

PYMNTS

OCTOBER 28, 2020

Canada-based bank BMO is launching a new support system for the country's small businesses during the pandemic, through help from a dedicated banking team, a press release says. The challenge that we noticed is that this segment has been underserved. We're looking to change that.

Debit Card 40

Debit Card Underserved Small Business Authentication 40

The Fintech Times

JUNE 28, 2024

One of the most important initiatives we’ve undertaken at Small Change is the establishment of a proprietary index (The Small Change Index) that measures a broad array of factors to determine a project’s social impact. This has resulted in strong branding and strong DEI returns for Small Change.

FinTech 64

FinTech Finance On-Demand Financial Inclusion 64

PYMNTS

DECEMBER 18, 2018

The problem in connecting consumers to services in still-developing nations is that there is an asynchrony between what is profitable and productive for banks to offer in terms of financial products and the needs of customers and small businesses in developing nations. “It

Underserved 54

Underserved Product Underwriting Economy 54

CB Insights

FEBRUARY 13, 2020

Now both companies have moved beyond payments and built new businesses that serve a range of needs for small businesses. Stripe Atlas (business incorporation tool) and Stripe Sigma (business analytics and reporting) can help simplify business operations. Source: Square. Source: Stripe. focus on developers.

Payment APIs and Integration 98

Payment APIs and Integration Online and Mobile Banking Payments Push-to-Card 98

The Fintech Times

MAY 7, 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. million users in 2019 to 29.3 million in 2022.

Digital Payments 64

Digital Payments Online and Mobile Banking Financial Inclusion Payments 64

Fintech News

DECEMBER 10, 2023

Whether you are a small business owner or a multinational financial institution, the central challenge remains consistent—ensuring that payment instructions are accurate and complete. In APAC, financial inclusion has emerged as a driving force behind digital innovation.

Addressing 117

Addressing Fraud Prevention Financial Inclusion Payments 117

Fintech News

JANUARY 18, 2024

Many small businesses benefited from its technology, software, and financial services. Paytm Bank’s financial services, payment services, and commerce and cloud services contribute significantly to its revenue, with the financial and payments sectors alone accounting for 75 per cent of its revenues.

APACS 118

APACS Finance Cross-Border Ubiquitous 118

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. Akseleran connects small businesses in need of loans with groups of diverse lenders to secure necessary funding.

FinTech 129

FinTech Online and Mobile Banking Multi-Currency Non-Bank 129

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 101

FinTech APACS Payment APIs and Integration Multi-Currency 101

PYMNTS

MARCH 10, 2016

With Square Reader in Australia, we’re empowering local sellers with the tools they need to start, run and grow their businesses. This is an important step for our company and an exciting moment for a market so committed to innovation and an entrepreneurial small business community,“ said Jack Dorsey, CEO of Square.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41