PYMNTS

OCTOBER 1, 2020

The pandemic has exposed the pain points of all verticals when it comes to payments, and especially when it comes to transacting in person, in a tactile environment, with cash, and where banking conduits are limited. Banks have been inching into the space; cash still remains a hallmark. Looking Toward Underserved Markets .

B2B 108

B2B Underserved Wire Transfer Payments 108

PYMNTS

DECEMBER 18, 2018

Virtual bank Radius Bank — which services small businesses (SMBs), micro-firms and consumers — is rolling out a revamped digital banking platform and a mobile banking app, the company said on Monday (Dec. The platforms have added new digital solutions for financial budgeting and tracking as well.

Online and Mobile Banking 49

Online and Mobile Banking Treasury Underserved Venmo 49

Fintech Finance

MAY 16, 2024

Cooperative Bank of Oromia and Mastercard have unveiled a groundbreaking collaboration with the launch of the Coopbank Prepaid Mastercard and the introduction of the Community Pass technology in Ethiopia. Transactions will be effortless through a dedicated mobile application, providing efficient card management capabilities.

Financial Inclusion 52

Financial Inclusion Visa Innovation Online and Mobile Banking 52

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.

Cross-Border Payments 101

Cross-Border Payments Cross-Border APACS Interoperability 101

Clearly Payments

APRIL 9, 2024

This includes digital platforms, software, and applications that offer financial services such as mobile banking, peer-to-peer (P2P) payments , online lending, and investment management. Key features of the fintech experience include mobile-first interfaces, 24/7 accessibility, and tech-driven personalized services.

Finance 105

Finance FinTech Online and Mobile Banking Payment APIs and Integration 105

PYMNTS

DECEMBER 28, 2016

-backed Chinese online bank is gearing up to launch soon following on the heels of establishing the bank. one of the bank’s investors, said Tuesday (Dec. 27) shareholders and regulators signed off on the name Sichuan XW Bank. The bank) will be officially open to users in the near future.”. consumers and 74.6

Online and Mobile Banking 40

Online and Mobile Banking Underserved Mobile Payments Consumer 40

CB Insights

JANUARY 5, 2021

In the past few years, the burgeoning popularity of digital banks has only underscored the severity of these problems, with upstarts like Chime and SoFi offering cheaper, faster, and more convenient banking experiences. . get the state of challenger banks report. First name. First name. Company Name. Phone number. Source: PwC.

Online and Mobile Banking 98

Online and Mobile Banking Financial Inclusion Checks Federal Reserve 98

PYMNTS

MAY 23, 2017

Indian digital payments firm Paytm has officially launched a niche payments bank as part of its drive to double its customer base to 500 million over the next three years. The payments bank operates 31 branches and 3,000 customer points in its first year, the company noted in a release. billion in Paytm’s parent, One97 Communications.

Underserved 43

Underserved Online and Mobile Banking Payments Economy 43

PYMNTS

JANUARY 13, 2017

12) the national launch of a mobile payments bank, which, according to a report , is India’s first one. According to the report, Airtel is taking advantage of a big push by the Indian government to accelerate financial inclusion and bring more competition to the market by issuing payment bank licenses.

Mobile Payments 40

Mobile Payments Online and Mobile Banking Push-to-Card Financial Inclusion 40

The Fintech Times

JULY 24, 2024

Nicky Senyard, CEO and founder of Fintel Connect “Developing countries are actually great places for new ideas because they often don’t have traditional banks. This shift has led to a bunch of great advancements in mobile banking and money apps, making it possible for financial services to reach even the most remote areas.

Finance 59

Finance Micro-Entry Online and Mobile Banking Financial Inclusion 59

Fintech Finance

MAY 9, 2024

This revolutionary service provides over 5 million Lebanese citizens with the ability to manage their payments securely and transparently for local and international purchases without needing a bank account. Through Wink Pay, we can simplify and digitize customer onboarding, as well as facilitate online payments.

Payment APIs and Integration 97

Payment APIs and Integration Technology Online and Mobile Banking API 97

CB Insights

AUGUST 26, 2021

UK-based Zepz (previously known as WorldRemit Group) offers several online banking services, including money deposit and collection, mobile money and top-ups, and online cashless transactions. The round drew participation from Accel, LeapFrog Investments, Technology Crossover Ventures, and Farallon Capital Management.

Online and Mobile Banking 69

Online and Mobile Banking Underserved Volume Participant 69

PYMNTS

JANUARY 22, 2020

Grab , Razer , AirAsia , Axiata and CIMB join other companies that are considering applying for digital banking licenses in Malaysia, sources told Reuters on Wednesday (Jan. Some are in discussions with consultants for guidance as they ponder a move into digital banking, according to the sources, who are familiar with the matter.

eWallet 54

eWallet Online and Mobile Banking Void Non-Bank 54

Payment Savvy

SEPTEMBER 5, 2024

The following post will define fintech, discuss the types of companies involved, and comment on how this new industry fundamentally changes the face of banking, investment, and doing business. This has come to mean everything from banking and insurance to investments. .” But what is fintech? What Does Fintech Mean?

FinTech 52

FinTech Online and Mobile Banking Payment APIs and Integration Cryptocurrency 52

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

Online and Mobile Banking 52

Online and Mobile Banking Underserved Financial Literacy Authorization 52

PYMNTS

FEBRUARY 8, 2018

challenger bank Coconut, which launched only weeks ago to provide banking services for freelancers, has landed a new partner. 7) said PrePay Solutions (PPS) is working with the company to provide Coconut its banking infrastructure and prepaid card technology. Reports Wednesday (Feb.

Underserved 43

Underserved Online and Mobile Banking Small Business Economy 43

CB Insights

FEBRUARY 13, 2020

As businesses and consumers become more comfortable using credit cards online, the proportion of US commerce that takes place online has steadily increased over the last 20 years. Specifically, the Collisons aimed to more seamlessly connect online businesses and payment processors, allowing more businesses to accept online payments.

Payment APIs and Integration 98

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

PYMNTS

JULY 16, 2020

Its intended use is to combat the widespread fraud and scams going on in relation to digital payments, and can let users cut off some companies from their bank accounts. The method can only be utilized for specific scenarios like online or mobile purchases or AP payments, so the expansion of mobile device usage has been a boost.

Online and Mobile Banking 56

Online and Mobile Banking Push-to-Card Underserved Scams 56

PYMNTS

NOVEMBER 29, 2017

India-based Paytm Payments Bank not only wants to become the world’s largest digital bank , but also to evolve into a financial services company providing a slew of services like wealth management and trading. 28), Paytm founder Vijay Shekhar Sharma said the company is aiming to have 500 million bank accounts.

Online and Mobile Banking 48

Online and Mobile Banking Debit Card Underserved NOV 48

Faster Payments Council

MARCH 15, 2023

Some banks may not be able to connect to both. The panel will explore some of these initiatives including the New York Fed's CBDC pilot program with major banks, the recently concluded Boston Fed's Project Hamilton and other global CBDC projects. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer).

FPC 88

FPC ISO 20022 Cross-Border Payments Cross-Border 88

The Fintech Times

JULY 16, 2024

The terms ethical finance and ethical banking often go hand in hand with climate awareness and focusing on net zero. Platforms like Kiva facilitate microloans to entrepreneurs in developing countries, often those who lack access to traditional banking services. However, they are not restricted to the climate.

FinTech 75

FinTech Financial Literacy Online and Mobile Banking P2P 75

The Fintech Times

FEBRUARY 29, 2024

Jeremy Baber, CEO of Lanistar “Established markets are dominated by traditional banking meaning the opportunities for newer fintechs to deliver significant change are much more restricted. . “Brazil, for example, has been the site of the development and roll-out of bank transfer methods such as PIX and QR-code-driven payments.

Payments Trends 59

Payments Trends Online and Mobile Banking Payments Instant Payments 59

Fintech News

FEBRUARY 20, 2024

In 2022, the country was home to 993 active fintech companies, representing about 25% of all fintech ventures operating across the ASEAN region, data from a 2022 report by the United Overseas Bank (UOB), PwC Singapore and the Singapore Fintech Association (SFA) reveal. billion to US$15 billion during the period. in July 2023.

FinTech 109

FinTech Payment APIs and Integration Online and Mobile Banking Security 109

CB Insights

OCTOBER 10, 2018

Traditional banking products, including checking, credit, and savings accounts, are under threat from a new crop of digital-first startups. Many of these startups are launching products without a bank charter and targeting a very specific customer base. DOWNLOAD THE 61-PAGE consumer banking REPORT. savings accounts.

Online and Mobile Banking 78

Online and Mobile Banking Debit Card Credit Cards Non-Bank 78

Center for Payments

OCTOBER 20, 2023

Understanding Financial Inclusion Financial inclusion is the idea of making sure everybody has access to and uses financial services, mainly those who are not currently using banking services such as deposits, loans, and insurance. Technology has also bridged the gap between the banked and the unbanked by providing digital payment solutions.

Financial Inclusion 40

Financial Inclusion Cybersecurity Innovation Online and Mobile Banking 40

PYMNTS

JUNE 3, 2016

SMEs aren’t getting the banking services that fit their needs now that they’re demanding online and mobile solutions, however. “Banks have a window right now to take advantage of that.” “Banks have a window right now to take advantage of that.”

Online and Mobile Banking 42

Online and Mobile Banking Small Business Wire Transfer Value Added Service 42

Fintech News

MARCH 6, 2024

Prior to Airwallex, Liu worked as an investment consultant for banking firm China International Capital Corporation (CICC) in Shanghai. The startup targets underserved markets in the insurance space, such as the poor, students and startups. At Airwallex, Liu is responsible for the company’s branding and operations.

APACS 107

APACS FinTech Online and Mobile Banking Multi-Currency 107

Clearly Payments

FEBRUARY 12, 2024

Bank of America launched the BankAmericard in 1958, widely considered the first credit card available to consumers, which eventually evolved into Visa. In 1966, a group of California banks formed the Interbank Card Association (ICA), later known as Master Charge and then Mastercard.

Visa 105

Visa Payments Payment Networks Online and Mobile Banking 105

PYMNTS

SEPTEMBER 4, 2020

At a high level, SoftPOS – short for software point of sale – lets merchants take contactless payments across their own mobile devices and tablets. And retailers across any range of settings are finding value in offering buy online, pickup in store ( BOPIS ) offerings.

Contactless Payments 95

Contactless Payments Online and Mobile Banking Push-to-Card Underserved 95

Fintech News

DECEMBER 17, 2023

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

FinTech 52

FinTech Financial Literacy Financial Inclusion Online and Mobile Banking 52

The Fintech Times

FEBRUARY 19, 2024

Digital and mobile payments have become the predominant payment methods, leading many to believe that cash is on the verge of extinction. The integration of digital payment options, such as mobile, contactless and online payments, has become a cornerstone of modern commerce.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

PYMNTS

JUNE 20, 2018

Solopreneur, independent contractor, freelancer, gig worker – regardless of the name, micro-business owners can largely agree that, when it comes to traditional banking, they’re often left out in the cold. They make the engine run,” said Mike Butler, CEO of community FI Radius Bank. “We tend to overthink it.”

Micro-Entry 40

Micro-Entry Small Business Community Banks Online and Mobile Banking 40

PYMNTS

JULY 27, 2016

The edge mid-sized and community banks have historically had on the big guys is that they put a face to banking. Today, though, FinTech has changed the game, and new customer demands could be taking away community banks’ leg-up on their largest peers. Power report on retail banking in the U.S., And while the J.D.

Small Business 42

Small Business Online and Mobile Banking Community Banks Credit Union 42

PYMNTS

OCTOBER 21, 2020

The technology is already there, they just need the content to learn online bill pay and to be brought into the digital economy.". SHRM recently launched a payroll tool designed to take advantage of the ubiquity of the mobile phone. The goal isn't to keep people out of the banking system. Embracing Existing Technology.

Payroll 56

Payroll Debit Card Online and Mobile Banking Checks 56

PYMNTS

OCTOBER 24, 2018

Customers can add cash to the card to spend at any merchant, online and offline, where Mastercard is accepted around the world. The companies noted that by issuing Mastercard prepaid cards, Grab’s mobile payments platform, GrabPay , will become the first eWallet from Southeast Asia that is accepted around the world. .

Visa 50

Visa eWallet Online and Mobile Banking Debit Card 50

PYMNTS

FEBRUARY 28, 2019

Square also said its recently launched Payroll offering has been useful in helping sellers manage operations, as smaller firms may be relatively underserved by traditional payroll providers. He noted that the card enables new businesses to launch without the need for traditional banking in place, which he termed “pretty profound.”

Debit Card 68

Debit Card Payroll Point-of-Sale (POS) Underserved 68

PYMNTS

SEPTEMBER 23, 2019

Advanced technology is increasingly raising the stakes of how CUs should operate, with members coming to expect the instant payments and slick mobile interfaces that large banks and FinTechs have made standard. CUs are expanding their reach to previously underserved marketplaces, too, thanks to a relaxation of hemp-related laws.

Credit Union 63

Credit Union NCUA Online and Mobile Banking Underserved 63