The Fintech Times

JANUARY 28, 2025

Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. Its an industry of collaboration and partnership between fintechs and traditional banks.

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Service Provider FinTech Underserved Innovation 59

Fintech Review

JULY 24, 2024

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.

FinTech 105

FinTech Online and Mobile Banking Financial Literacy Financial Inclusion 105

The Fintech Times

JANUARY 13, 2025

It designs solutions that enhance lives, like providing underserved communities with credit or promoting financial literacy. Venture-backed fintechs chase rapid growth and profitability, sidelining underserved communities as they focus on high-revenue markets. “A fintech for good embeds purpose into its core.

FinTech 59

FinTech Financial Inclusion Underserved Blockchain 59

Fintech News

FEBRUARY 26, 2024

Together with the GSMA Foundation, we seek to empower those in underserved communities across the world and provide equal access to help build better financial futures for all.” said Ashley Olson Onyango, Head of Financial Inclusion and AgriTech, GSMA.

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Financial Inclusion Finance Financial Literacy Underserved 103

Fintech Finance

MARCH 5, 2025

It means our product strategy consistently aligns with key challenges and opportunities in Africa, addressing issues like financial literacy, seamless and safe transacting, fragmented payment systems, and the high cost of infrastructure upgrades in traditional banking.

Finance 52

Finance Financial Inclusion Financial Literacy Acquirers 52

Electronic Transactions Association

FEBRUARY 22, 2023

. – 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.

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Underserved Financial Literacy Online and Mobile Banking FinTech 40

Faster Payments Council

APRIL 29, 2021

April is Financial Literacy Month, when the nation is focused on spreading financial literacy education to help consumers understand how to better manage money. With 106 million financially vulnerable Americans and many weakened small businesses as result of COVID-19, attendees felt the full weight of the statement.

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Financial Inclusion Faster Payments FPC Financial Literacy 68

The Fintech Times

OCTOBER 2, 2024

Financial literacy However, a significant challenge persists – financial literacy, particularly regarding concepts like savings. Over the past 30 years, the African continent’s population has seen a significant rise in the middle-class category, accounting for at least a third of the population.

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Financial Literacy FinTech Financial Inclusion Underserved 64

Fintech News

FEBRUARY 26, 2024

In Asia Pacific, the lack of a skilled workforce and poor digital and financial literacy were also factors, however this trend can also be observed globally. The commitment to financial inclusion remains a cornerstone of the fintech value proposition.

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FinTech Consumer Financial Inclusion On-Demand 142

Fintech Review

DECEMBER 31, 2024

This regulatory flexibility allowed non-banking institutions to offer financial services. Consequently, Kenya witnessed a surge in mobile payment adoption, improving financial access for underserved populations. Enhancing Financial Literacy: Invest in consumer education to build trust in digital financial services.

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FinTech Regulations Best Practices Central Bank 111

Fintech News

APRIL 3, 2024

According to Oliver Wyman, women constitute the single largest underserved group of customers in the financial services industry. This demographic faces several barriers that impede their access to financial services.

Financial Inclusion 126

Financial Inclusion FinTech Financial Literacy Non-Bank 126

The Fintech Times

DECEMBER 5, 2024

With a focus on community and connectivity, Kixy will launch its app soon, helping bridge the financial understanding gap for those who traditional financial services have underserved. Designed to enhance financial literacy and foster a genuine sense of community, Kixy introduces a fresh approach to financial empowerment.

Financial Literacy 69

Financial Literacy Underserved Finance Innovation 69

Fintech Finance

FEBRUARY 26, 2024

“Together with the GSMA Foundation, we seek to empower those in underserved communities across the world and provide equal access to help build better financial futures for all.” Mobile money can play a transformative role in advancing financial inclusion and resilience for the nearly 2 billion people who remain unbanked globally.

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Financial Literacy Finance Financial Inclusion Economy 52

The Fintech Times

JANUARY 31, 2025

Many fintechs and financial institutions often make big claims that they can enhance support to the previously underserved, positively impact the environment, or improve peoples lives in many other ways. But often, firms fall short of these claims.

FinTech 64

FinTech Audit Financial Inclusion Financial Literacy 64

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.

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FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

M2P Fintech

JANUARY 23, 2025

This innovation not only promotes financial literacy but also opens doors to new economic opportunities for underserved communities. UPI Circles impact goes far beyond convenienceits a catalyst for accelerating Indias financial inclusion How does UPI Circle Work?

Financial Literacy 52

Financial Literacy Payment APIs and Integration Financial Inclusion Underserved 52

The Fintech Times

JULY 16, 2024

These platforms provide much-needed capital to individuals, fostering entrepreneurship and economic growth in underserved communities. Centsai , a US-based financial literacy startup founded by a diverse team, is a standout example. “One of my favourite ethical fintech solutions is Aspiration. .

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FinTech Financial Literacy Online and Mobile Banking P2P 75

Fintech News

OCTOBER 28, 2024

The APIs has not only helped platform partners unlock new revenue opportunities, more importantly, it has allowed ANEXT Bank to engage and enable the ecosystem of partners to accelerate and scale financial inclusion for unserved and underserved MSMEs.

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AI FinTech Innovation Payment APIs and Integration 106

The Fintech Times

FEBRUARY 16, 2024

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 They also must wait days for their families to receive it — showcasing a clear exploitation of the less fortunate by the financial system.

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Bitcoin Blockchain Financial Inclusion Economy 72

PYMNTS

JULY 30, 2020

the Zcash maker, has rolled out an effort called “Crypto in Context,” which links industry leaders with up-and-coming and underserved groups of people geared toward financial knowledge and digital currencies, according to a blog post. He had offered financial literacy instruction to his students, but they wanted more knowledge.

Bitcoin 52

Bitcoin Financial Literacy Digital Currency Legal 52

The Fintech Times

MAY 21, 2024

By leveraging modern technology, alternative data, and advanced analytics, we can build an equitable finance ecosystem where everyone can access the financial services they need to thrive. Solving the identity challenges of underserved populations is not only an economic imperative, but a moral one.

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Verification Identity Theft Legal Financial Literacy 59

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. Our platform leverages alternate data sources, enhanced digital journeys, and real-time decisioning to drive responsible growth in the financial sector. million consumers and MSMEs through the platform.

Financial Literacy 64

Financial Literacy Financial Inclusion Underserved FinTech 64

PYMNTS

NOVEMBER 29, 2017

There’s no overdraft fee, workers can make cash back transactions and SOLE offers a robust financial literacy program for cardholders. When the opportunity arose to help the unbanked workforce in partnership with Adam and his team, we jumped at the chance,” added SOLE Financial President Tom Secor in another statement.

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Payroll Financial Literacy Financial Inclusion Direct Deposit 44

PYMNTS

APRIL 23, 2020

For example, they posted this activity for Financial Literacy Month: “The road to financial literacy begins with the basics: money recognition! Content, as much as product, is near and dear to the brand’s heart – and that is where it put its focus during the crisis.

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Financial Literacy Underserved Product Continuity 52

Fintech News

DECEMBER 17, 2023

Founded in 2016, Akulaku provides digital banking, financing, investment and insurance brokerage services, targeting financial underserved demographics. Akulaku – US$2 billion Indonesia’s most valuable fintech startup is Akulaku, an online banking and digital finance platform valued at US$2 billion.

FinTech 52

FinTech Financial Literacy Online and Mobile Banking Financial Inclusion 52

PYMNTS

OCTOBER 21, 2020

The mobile phone allows workers to manage their funds in a digital platform, set up online bill pay, and access resources to improve their financial literacy. The debit card, meanwhile, quickly connects professionals to their earned wages without having to open a bank account or go to a check cashing service or risk losing a check.

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Payroll Debit Card Online and Mobile Banking Checks 56

The Fintech Times

OCTOBER 3, 2024

This includes promoting literacy, eliminating poverty and promoting vibrant financial institutional operations in Papua New Guinea. In 2014, the government set up the National Financial Inclusion and Financial Literacy Strategy. CEFI is also funded by the Bank of Papua New Guinea (the country’s central bank).

Financial Inclusion 52

Financial Inclusion Financial Literacy Government Governance 52

PYMNTS

MAY 10, 2018

Thanks in part to new regulations and an increase in financial literacy, RBR projects that payment card acceptance will jump to 85 million outlets around the globe by 2022. The growth potential is both in the mature markets as well as areas that have high cash-usage rates. Mobile Wallets.

Financial Literacy 45

Financial Literacy P2P Research Chip Cards 45

PYMNTS

SEPTEMBER 15, 2017

Both firms were dedicated to not just building products to serve the underserved, but building them in a way that helps customers gain access to all the benefits of credit cards – credit building, interest-free credit when paid on time, fraud protections and convenience – while at the same time teaching them financial literacy and providing the opportunity (..)

Financial Inclusion 79

Financial Inclusion FinTech Credit Cards Caps 79

Fintech News

DECEMBER 20, 2023

Separately, MAS is collaborating with the International Finance Corporation (IFC) and the World Economic Forum on initiatives to advance digital inclusion through financial services, with the aim of reducing inequalities for people and smaller businesses in emerging and developing economies.

FinTech 107

FinTech Cross-Border CBDC Web 3.0 107

PYMNTS

JANUARY 3, 2020

According to Lee Li Meng, Razer’s chief strategy officer, the intention of the consortium is not to compete with banks for existent banking customers; rather, it will leverage its already young-skewing customer base to pursue the currently underserved youth market in Singapore. We’ve thought about this long and hard,” Lee said. “We

Online and Mobile Banking 52

Online and Mobile Banking Underserved Financial Literacy Authorization 52

The Fintech Times

MAY 7, 2024

Our expertise also extends to developing innovative solutions that enhance access to credit and banking services for consumers and small businesses, especially in areas traditionally underserved by conventional financial institutions. What are some unique challenges associated with the region and Peru in the payments space?

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Digital Payments Online and Mobile Banking Financial Inclusion Payments 64

FICO

MAY 19, 2023

Topics include Mastering Credit, Credit Scores, Financial Literacy, Financial Wellness, Managing Debt, and Home Ownership. Prosper's commitment to financial inclusion is championing a way to improve people's access to credit and advance economic development, particularly in the aftermath of the pandemic,” said Kimball.

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Financial Inclusion Credit Limit Financial Literacy Credit Risk 52

Fintech News

NOVEMBER 12, 2024

Revolut also aims to boost financial literacy among students. By bringing debit cards directly to students, Revolut aims to simplify financial management and encourages responsible spending habits, particularly among those under 21 who may be underserved by traditional banks.

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Debit Card Alternative Payment Methods Financial Literacy Underserved 108

Fintech News

JANUARY 22, 2025

Jessica echoed these sentiments, adding that the true potential of open banking lies in its ability to create a more inclusive financial ecosystem. Open banking could drive significant advancements in financial inclusion across underserved markets. This approach fosters deeper customer relationships.

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Cross-Border Payment APIs and Integration AI Financial Inclusion 117

The Fintech Times

JANUARY 16, 2025

Additionally, fintechs can promote financial literacy, endorse sustainable digital practices that help close accessibility gaps, address underserved communities, and support meaningful charitable initiatives that help those in need.” For instance, clear communication and fair pricing are a must.

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FinTech Advisors AI Underserved 88

Finovate

JANUARY 13, 2025

In 2025, banks that embrace the FinTok trend could stand out as financial partners for a new generation of financially curious consumers. Financial education is on an upswing The U.S. historically has been poor at integrating financial literacy in education systems, but that is rapidly changing.

Financial Literacy 69

Financial Literacy Underserved Funds Transfer FinTech 69