Fintech Finance

JULY 9, 2024

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.

Visa 98

Visa Financial Inclusion Fraud Detection Financial Literacy 98

Fintech Finance

SEPTEMBER 24, 2024

The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 With a clear path to scale by serving historically underserved users in Pakistan, Qist Bazaar is well-positioned to replicate the growth stories we’ve witnessed across the region.”

BNPL 104

BNPL Underserved Non-Bank Finance 104

Electronic Transactions Association

FEBRUARY 22, 2023

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

Underserved 40

Underserved Financial Literacy Online and Mobile Banking FinTech 40

Fintech Finance

SEPTEMBER 25, 2024

This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth. KaiOS and Mastercard are partnering to help millions of SMEs globally accept digital payments using KaiOS devices.

Visa 97

Visa Economy Digital Payments Enrollments 97

Payments Source

AUGUST 29, 2016

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.

Checks 62

Checks FDIC CFPB Underserved 62

Fintech News

JANUARY 15, 2024

This allows participating wallets (both local and cross-border) and merchants to have a common standard interface for sending and receiving payment notifications. This broader perspective facilitates alternative credit scoring methods, potentially increasing lending to previously unserved or underserved segments.

Interoperability 118

Interoperability Cross-Border Payments Financial Inclusion 118

The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

Instant Payments 69

Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

FICO

MARCH 25, 2020

“By overcoming the information limitations of traditional scoring and utilizing the FICO Score to optimize risk assessment, Home Credit has created a successful credit scoring model and, in the process, provided lending to underserved consumers.”.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

Fintech Finance

OCTOBER 29, 2024

With only 48% of the adult population in Africa banked, according to the African Digital Banking Transformation Report ( [link] ), the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.

Visa 97

Visa Digital Payments Financial Inclusion Online and Mobile Banking 97

Fintech News

FEBRUARY 4, 2024

Firms like Fidelity Investments, Wells Fargo , and Morgan Stanley are driving social impact through initiatives targeting minority and underserved groups. IIX’s operations are geared towards directing catalytic capital into underserved communities, offering a range of investment avenues, including ventures, bonds, and funds.

Returns 134

Returns On-Demand AI Underserved 134

PYMNTS

JUNE 22, 2020

The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. We have to remember that before COVID, particularly the underserved small businesses, they were not flush with cash,” she said.

Small Business 98

Small Business Underserved Participant Government 98

Fintech Review

NOVEMBER 27, 2024

Despite their significant contributions to GDP and employment, SMEs in emerging markets remain underserved by traditional banking. With digital banking, mobile payments, and microloans, fintechs allow underserved businesses to participate in the formal economy. Fintech companies see this gap as an opportunity to innovate.

FinTech 105

FinTech Cross-Border Cross-Border Payments Online and Mobile Banking 105

Fintech Finance

AUGUST 22, 2024

The round also includes participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures, a venture firm which specialises in investment into the next generation of work technologies. With the addition of integrated financial services, Workpay’s potential for growth is immense.”

Payroll 105

Payroll On-Demand Underserved Regulations 105

Fintech Finance

MAY 9, 2024

Fable Fintech, an Express Partner of the Mastercard Move Partner Program, was the technical implementation partner of the solution, effectively collaborating with both Access Africa and Mastercard Move experts.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Visa Financial Inclusion 98

Faster Payments Council

APRIL 29, 2021

It is really critical to think about how we, as an ecosystem, can come together and drive the right financial services for unserved and underserved consumers and small businesses." Many underserved are being served with alternative banking means, which are arguably more expensive than they would be through the banking system.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Financial Literacy 68

The Fintech Times

AUGUST 14, 2024

In response to this, the American Fintech Council (AFC) sent a letter detailing its recommendations to develop regulations for AI and to increase clarity for industry participants. A unified federal framework is necessary for setting clear rules of the road and unlocking AI’s staggering potential to create a more inclusive financial system.

Treasury 69

Treasury AI Innovation FinTech 69

Fintech News

APRIL 3, 2024

Such firms also considered women’s limited economic participation in certain markets, their reliance on informal sources of credit, and low loan size requirements, as limiting demand for credit from women. According to Oliver Wyman, women constitute the single largest underserved group of customers in the financial services industry.

Financial Inclusion 129

Financial Inclusion FinTech Financial Literacy Non-Bank 129

Fintech Finance

OCTOBER 29, 2024

This collaboration will enable all participant partners in TerraPay Global network to send seamless international money transfers directly to Yape users, allowing them to instantly access their funds and take advantage of a wide array of financial services within the app.

Financial Inclusion 105

Financial Inclusion Cross-Border Economy Underserved 105

PYMNTS

NOVEMBER 11, 2020

s ShopRite stores, participates in a pilot program that lets EBT card users buy groceries online for delivery or pickup, Bloomberg reported. Kristina Herrmann , the company's director of underserved populations, said the program should help to "dramatically increase" access to food for more customers, according to Bloomberg.

Underserved 76

Underserved Governance Government Participant 76

Fintech News

DECEMBER 4, 2024

As embedded finance becomes more sophisticated, it will likely expand its reach to underserved populations across Asia and beyond, enabling greater economic participation. Blockchain technology and cryptocurrencies could also disrupt traditional models, offering faster, more secure, and lower-cost transactions.

Embedded Finance 114

Embedded Finance Finance Payment APIs and Integration BNPL 114

Clearly Payments

MARCH 11, 2024

Cryptocurrency offers a viable alternative for individuals and businesses, especially those underserved by traditional banking systems, to access financial services and participate in the global economy. Moreover, as Canada positions itself as a hub for blockchain and cryptocurrency innovation among the startup community.

Cryptocurrency 82

Cryptocurrency Consumer Protection Financial Inclusion Payments 82

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.

AI 104

AI FinTech Innovation Payment APIs and Integration 104

The Fintech Times

NOVEMBER 13, 2024

DigMo , which is licensed by the Bank of Zambia to operate a wallet, plans to support underserved users by providing access to engaging products with incentives. A new financial service company bringing gamified wealth-building tools to low and middle-income earners has officially launched in Zambia.

Accounts 59

Accounts Financial Inclusion Underserved Participant 59

PYMNTS

APRIL 26, 2018

In a press release , Mastercard said that updating the agreement inked in 2015 will help financial companies in developing countries participate in the Mastercard network through an IFC program. Mastercard said the new agreement will support a “major” expansion of the program to more participating banks and financial institutions.

Visa 48

Visa Digital Payments Underserved Agreements 48

The Fintech Times

MAY 22, 2024

Colin Digby , head of strategic client coverage of Crown Agents Bank, shared his thoughts on the partnership: “Financial institutions are struggling to access hard-to-reach markets, especially as counterparties retreat from these increasingly underserved and challenging geographies.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Settlement Payments 59

Fintech News

MARCH 5, 2024

Through this payment linkage launched in December 2023, individuals can pay for goods and services by scanning the Hong Kong FPS QR code or the Thai PromptPay QR Code at participating merchants. Attendees will gain unparalleled insights into the latest milestones and learnings from CBDC projects across Asia.

Embedded Finance 109

Embedded Finance APACS Financial Inclusion CBDC 109

Fintech Finance

SEPTEMBER 12, 2024

Offering microloans to underserved populations, Lupiya has played a pioneering role in bridging this gap. But a third of the population remains excluded. There’s also a prevailing gender finance gap, with women struggling to access financial products and services from regulated providers.

Product 98

Product Financial Inclusion Debit Card Digital Payments 98

PYMNTS

SEPTEMBER 18, 2020

Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.

Digital Payments 125

Digital Payments Payments Venmo Underserved 125

Fintech Finance

MAY 21, 2024

Through a single integration, wholesale market participants including commercial banks, Money Services Businesses (MSBs), NGOs and Charitable Trusts can access transparent and relevant pricing information for EM currencies. This is why the AbbeyCross ABX Platform is so important.

Cross-Border Payments 52

Cross-Border Payments Cross-Border Settlement Underserved 52

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 This includes high inflation, lack of access to banking, burdensome service fees, long payment delays with too many intermediaries, and difficulty obtaining credit and capital.

Bitcoin 72

Bitcoin Blockchain Financial Inclusion Economy 72

The Fintech Times

JANUARY 3, 2024

Many market participants have already sought to develop technologies and standards to facilitate consumer access to personal financial data,” wrote the CFPB in their introduction to the rulemaking. “Our Thank you to Director Chopra and the team at the CFPB for allowing us to collaborate on this historic effort.

CFPB 69

CFPB Consumer Financial Protection Bureau (CFPB) FinTech Underserved 69

PYMNTS

MARCH 27, 2020

Venture Partners, while existing backer Chicago Ventures and newcomer Soma Capital also participated, according to a press release. The company, with offices in California and Australia, landed funding from Microsoft’s M12 venture fund, while existing backers PayPal and USVP also participated.

FinTech 72

FinTech Cross-Border Small Business Credit Cards 72

PYMNTS

MAY 1, 2020

Pandemic crisis or not, Brennan says his interactions with applicants and program alumni are grounded in good business ideas, marketplace reality, life experiences and a desire to give back to underserved communities. Its accelerator is a year-long program offered twice a year at no cost to participants.

Underserved 59

Underserved Participant Economy Continuity 59

Fintech News

DECEMBER 20, 2023

These efforts focus on building foundational digital infrastructures accessible to all participants in the digital economy, from large multinational firms to MSMEs and individuals, to foster digital, financial, and green inclusion for businesses, both domestically and globally. and advancing talent.

FinTech 108

FinTech Cross-Border CBDC Web 3.0 108

Fintech News

AUGUST 19, 2024

In the past 24 months, the firm has participated in seven deals in Southeast Asia, making it the fourth most active fintech investor during the period, neck and neck with 500 Global, according to Tech in Asia. Recent fintech investments include ALAMI Sharia, Ringkas, Komunal Indonesia, FLIK, and MIG.

FinTech 129

FinTech Underserved Technology Cross-Border 129

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.

FinTech 92

FinTech Financial Inclusion Online and Mobile Banking Financial Literacy 92

The Fintech Times

DECEMBER 5, 2024

Fintech’s potential to drive social change is becoming increasingly recognised, with initiatives targeting financial inclusion, underserved markets and sustainability. Salad Money , a community development financial institution (CDFI) and the UK’s largest consumer lending CDFI, is leading the charge in this space.

Financial Inclusion 59

Financial Inclusion Underserved Returns FinTech 59