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How is Banking-as-a-Service Driving Financial Inclusion Across the Globe?

The Fintech Times

As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financial inclusion across the globe. Continuing our BaaS focus at the beginning of April, we asked industry leaders about how they’re seeing BaaS driving financial inclusion worldwide. .

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Financial Inclusion Initiatives: A Key to Global Economic Empowerment

The Payments Association

Advancing Global Economies Through Financial Inclusion Financial inclusion is reshaping the global economy by making financial services accessible to underserved populations. Education and support are crucial in building financial literacy, empowering users towards financial independence.

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

Fintech Finance

This move aligns with NOW Money’s mission to offer inclusive financial solutions to underserved communities and improve the financial well-being of its users across the GCC. Financial Inclusion and Literacy: This partnership underscores NOW Money’s commitment to financial inclusion by providing easy access to banking services.

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Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

Similarly, in Southeast Asia, mobile money platforms like GCash in the Philippines are transforming the financial landscape. These platforms provide a lifeline for people in remote and underserved areas. Financial literacy also poses a challenge. This can lead to misuse and mistrust of digital financial services.

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wagely Raises US$23M to Boost Earned Wage Access in Indonesia and Bangladesh

Fintech News

It also allows users to track their salary and access financial literacy resources. We see a huge opportunity for wagely to apply Generative AI across multiple use cases, such as automated document processing and local language conversational interfaces for workers to make better financial decisions.”

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Airtel Payments Bank Reports Growth in Women’s Account Openings in Maharashtra

Fintech Finance

This achievement highlights the program’s substantial impact on financial inclusion for women across the state. We are dedicated to enhancing financial literacy and access for women across Maharashtra. Before the launch of the scheme, the average quarterly number of accounts opened for women users stood over 51,000.

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ETA Releases Annual Report on Advancing Economic Inclusion – Empowering Underserved Communities with Fintech

Electronic Transactions Association

. – FEBRUARY 21, 2023 – The Electronic Transactions Association (ETA), the trade association for the payments technology industry, today released its annual white paper outlining a variety of financial technology products and services that have broadened access to the payments and financial services ecosystems.