The Fintech Times

SEPTEMBER 19, 2024

The Thai banking sector could have a new key player in the first half of 2025 as Lighthub Asset , a Thai fintech and WeLab , a pan-Asian fintech platform submit an application for a virtual banking licence with the Bank of Thailand. It will provide localised digital banking services to everyone, including the underserved.

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Financial Inclusion Underserved Interoperability Multi-Currency 58

Fintech News

SEPTEMBER 10, 2024

Asia Pacific point-of-sale payment methods – Select markets, Source: Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution, Deloitte, Jul 2024 Payment interoperability The growth of digital payment innovations in APAC has emphasized the need for connectivity and interoperability in both online and offline transactions.

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Cross-Border Payments Cross-Border APACS Interoperability 106

Fintech Finance

MAY 3, 2024

This includes improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability. Once live, the platform will facilitate digital transactions in Namibia, driving financial inclusion and reducing cash dependency by catering to underserved populations. Mr. Johannes !Gawaxab,

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Underserved Interoperability Instant Payments International Payments 52

Fintech Review

JULY 10, 2024

As a result, DeFi is gaining traction rapidly due to its ability to provide financial services to those who have been historically underserved by conventional banking systems. Interoperability with traditional financial systems presents another significant hurdle.

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Finance Financial Inclusion Underserved Blockchain 97

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

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Interoperability Cross-Border Payments Financial Inclusion 112

Fintech News

NOVEMBER 17, 2024

Enter fintechs, like the Philippines-based Salmon, who leverage agility, talent, and innovation to not only compete and collaborate with banks, but acquire banks and transform into full-fledged financial institutions. Oradian can enable swift entry into any market, including those that have been historically underserved.

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SWIFT API Underserved Interoperability 109

PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. We are excited by this validation from our marquee investors, and look forward to growing rapidly and reaching most of the world’s underserved in the coming years.”.

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Acquirers FinTech Cross-Border Payments Cross-Border 67

The Payments Association

OCTOBER 28, 2024

The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.

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Process Payment APIs and Integration Processors Payments 100

Fintech Review

JULY 16, 2024

For example, APIs allow fintech companies to access banking data, facilitating the creation of enhanced financial services. By accessing banking data, fintech companies can offer innovative products that improve customer choice and service quality. Companies like N26 and Revolut have emerged as major players in the fintech space.

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Innovation Consumer API Financial Inclusion 98

Fintech Finance

MARCH 27, 2024

Since then, the company has remained steadfast in its commitment towards financial inclusion and has spearheaded multiple initiatives for its WLA network including deployment of Cash Recycling Machines (CRMs), supporting Interoperable Cash Deposits (ICD). Currently, it is the only WLA operator to offer cash deposit facility.

ATM 52

ATM Financial Inclusion Payments Value Added Service 52

Fintech Finance

JUNE 7, 2024

. “Our survey identifies the critical areas where institutions must focus to ensure that faster payment solutions are accessible and beneficial to all, especially the unbanked and underserved populations.” The post U.S.

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Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Fintech News

MAY 6, 2024

It embodies the principles of openness, collaboration, interoperability, and advocates for the seamless exchange of data and services across diverse platforms and providers. These partnerships accelerate innovation and enable financial entities to reach underserved segments of the population to offer tailored financial products and services.

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Compliance Finance Payment APIs and Integration API 107

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. These achievements have impressive real-world implications with individuals in underserved regions. How did you get into the fintech industry? What’s the best thing about working in the fintech industry?

Financial Literacy 63

Financial Literacy Financial Inclusion Underserved FinTech 63

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer).

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

The Fintech Times

FEBRUARY 8, 2024

Anabel Perez , CEO of NovoPayment In the highly fragmented Latin American financial ecosystem, the opportunity for interoperable financial infrastructure solutions is obvious. The post Think Local, Act Global: NovoPayment on Bringing Digital Products to LatAm appeared first on The Fintech Times.

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Product Payment APIs and Integration Due Diligence Small Business 68

The Fintech Times

JUNE 25, 2024

This June at The Fintech Times, we’re focusing on diversity, equity and inclusion (DEI). The fintech industry is known for its innovative, agile reputation, and yet it still faces a significant diversity problem that threatens to halt its growth and stop that innovation moving. . billion people worldwide. Having served over 1.5

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Product Payment APIs and Integration Innovation Interoperability 58

Fintech News

DECEMBER 10, 2023

Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. Trust, transparency, and interoperability will shape the future of payments, ensuring that financial systems serve the needs of all.

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Addressing Fraud Prevention Financial Inclusion Payments 116

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

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Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

The Fintech Times

FEBRUARY 19, 2024

Payments are arguably the face of fintech. As regulatory compliances are updated, fintechs and payment platforms with robust currency management programs, multiple licences and MCCY IBAN’s will become more popular with businesses engaged in global trade. BIS Aurum) and interoperability solutions (e.g,

Cross-Border Payments 68

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 68

The Fintech Times

JULY 9, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 9 July 2024 bringing you the latest updates from across the world. UK fintech Ripe appoints Jamie Richards as head of M&A. Fairlo , a consumer credit fintech, has received B Corp certification.

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ISO 20022 FinTech ISOs Payroll 58

Fintech Finance

AUGUST 1, 2024

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, today announced its work with the People’s Clearinghouse, a social sector tech platform that services community banks and credit unions in Mexico. and Mexican residents via community banks in rural areas.

Cross-Border Payments 91

Cross-Border Payments Community Banks Cross-Border Interoperability 91

Finovate

JULY 12, 2024

This week’s edition of Finovate Global looks at recent fintech developments in Malaysia. The technology will enable Affin Bank to process 20%+ more transactions, and enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. Here is our look at fintech innovation around the world.

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ISO 20022 PCI DSS Payments Online and Mobile Banking 45