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

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 92

Visa Economy Digital Payments Enrollments 92

Fintech News

JANUARY 7, 2024

The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. We will continue to innovate and bring meaningful impacts to Indonesia’s massive population base, especially the underserved yet promising MSMEs in tier 2 and 3 cities.”

Financial Inclusion 115

Financial Inclusion Underserved Participant Regulations 115

Fintech News

JULY 25, 2024

Lim Boon Heng Lim added, “Income Insurance will continue to provide affordable and accessible insurance options to the underserved and lower-income customers, through products such as the LUV and SilverCare policies. Secondly, Income Insurance will continue to participate in national insurance programmes in partnership with the CPF Board.

Underserved 106

Underserved Participant Continuity Acquirers 106

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 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 92

Visa Digital Payments Financial Inclusion Online and Mobile Banking 92

Fintech News

FEBRUARY 14, 2024

Roy Agustinus Gunara “Given the underserved market conditions, we welcome IFC’s funding and expect it to support communities, enabling us to offer affordable formal financing to MSMEs, particularly WMSMEs, who have been historically overlooked.

Financial Inclusion 107

Financial Inclusion Non-Bank Underserved Finance 107

Fintech Review

NOVEMBER 6, 2024

Fintech companies are now focusing on these underserved populations, aiming to break down financial barriers with innovative digital solutions. By digitizing microfinance, fintechs are extending credit to underserved populations, supporting entrepreneurship, and encouraging economic growth.

Financial Inclusion 110

Financial Inclusion FinTech Online and Mobile Banking Cross-Border Payments 110

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 103

Financial Inclusion Cross-Border Economy Underserved 103

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 Underserved 59

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

PYMNTS

OCTOBER 23, 2020

The financial commitment from Mastercard and the Mastercard Impact Fund deposits the money into Community Development Financial Institution (CDFI) banks and Low-Income Designated credit unions, which assists women- and minority-owned businesses in underserved communities across the U.S.

Visa 108

Visa Underserved Small Business Credit Union 108

The Fintech Times

NOVEMBER 16, 2024

Furthermore, participants repeatedly mentioned apps crashing, having complicated layouts, taking a long time to load and being regularly unavailable (due to maintenance or updates) as key frustrations. “AI-driven

AI 64

AI On-Demand Mobile Banking Underserved 64

The Fintech Times

OCTOBER 29, 2024

Recognising this as an issue that needs to be solved, the collaboration between Orange and Mastercard aims to accelerate financial access and contribute to the financial empowerment of underserved communities.

Visa 59

Visa Financial Inclusion Online and Mobile Banking Debit Card 59

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 103

Payroll On-Demand Underserved Regulations 103

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 93

AI FinTech Innovation Payment APIs and Integration 93

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

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

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

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 77

Cryptocurrency Financial Inclusion Consumer Protection Payments 77

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 108

Interoperability Cross-Border Payments Financial Inclusion 108

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 96

Product Financial Inclusion Debit Card Digital Payments 96

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

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 Underserved 72

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.”

Financial Literacy 52

Financial Literacy Finance Financial Inclusion Economy 52

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

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 Government Governance Participant 76

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

JANUARY 15, 2024

Created in partnership with Create Labs , a social venture offering technology access to underserved communities, the tool aims to limit biases and cater to diverse entrepreneurial needs.

Small Business 59

Small Business Visa AI Underserved 59

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.

AI 128

AI Returns On-Demand Underserved 128

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

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

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 121

Financial Inclusion FinTech Financial Literacy Non-Bank 121

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 Governance 98

PYMNTS

SEPTEMBER 22, 2019

that include, “rapidly growing, yet underserved startup ecosystems,” the company said. . Co-founders Ryan Broshar and Natty Zola said the underserved ecosystems they’re focused on include “the North, the Rockies, and companies across the Techstars ecosystem,” reports said. . JPK Capital also participated in the funding round.

Underserved 40

Underserved Advisors Participant Posting 40

Faster Payments Council

MARCH 15, 2023

And understand the timing and projected rollout of ISO 20022 for industry participants, including government entities, financial institutions and businesses. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer). especially in the gaming sector and for account loading applications.

FPC 88

FPC ISO 20022 Cross-Border Payments Federal Reserve 88

The Fintech Times

SEPTEMBER 2, 2024

These digital-first institutions are bridging gaps in traditional banking, offering innovative solutions to meet the needs of a diverse and underserved market. Neobanks in the MEA region, much like their global counterparts, operate solely in the digital realm, without any physical branches.

Non-Bank 64

Non-Bank FinTech Visa Underserved 64