Fintech News

FEBRUARY 14, 2024

MSMEs are the backbone of Thailand’s economy, constituting 99.6 Despite their economic significance, MSMEs encounter a substantial financing gap, which, as of 2021, stood at approximately US$41 billion. Jane Yuan Xu “Dedicated financing for MSMEs, including WMSMEs, is critical for an inclusive and sustainable economy.

Financial Inclusion 113

Financial Inclusion Non-Bank Underserved Finance 113

Clearly Payments

OCTOBER 7, 2024

The COVID-19 pandemic has reshaped industries and economies worldwide. Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. trillion in 2021, a 25% increase from 2020.

Cross-Border 105

Cross-Border Processors Contactless Payments Multi-Currency 105

Fintech News

APRIL 3, 2024

Data from the World Bank’s Global Findex Database reveal that, in 2021, men were 6% points more likely than women to use digital payments, a gender gap that had remained consistent across developing economies since 2014 in part because of the broader gender gap in access to digital services.

Financial Inclusion 128

Financial Inclusion FinTech Financial Literacy Non-Bank 128

Fintech News

FEBRUARY 26, 2024

billion in 2021 to US$77.5 The research points out that this diversity in views reflects the sector’s resilience, with many firms identifying opportunities for expansion, especially into underserved markets. But the noticeable decline in fintech investment — halved from US$140.8

FinTech 143

FinTech Consumer Financial Inclusion On-Demand 143

Lending Front

JUNE 6, 2021

By all accounts, summer 2021 looks promising. But while the economy in general is expected to boom, many small businesses are still in recovery mode. Of course, many firms opted to apply for fully forgivable PPP loans instead of traditional loans, seeing as the second round of PPP had funds earmarked for underserved small businesses.

Small Business 52

Small Business Community Banks Economy Non-Bank 52

Fintech Review

DECEMBER 31, 2024

With their growing economies and youthful populations, these regions present significant opportunities. Consequently, Kenya witnessed a surge in mobile payment adoption, improving financial access for underserved populations. Kenyas Fintech Act of 2021 introduced clear guidelines for digital financial services.

FinTech 111

FinTech Regulations Best Practices Central Bank 111

Fintech Finance

NOVEMBER 13, 2024

This collaboration will introduce Félix Pago’s digital remittance services and Mastercard-powered payment solutions in El Salvador, Honduras, Guatemala, and the Dominican Republic, significantly broadening financial access in these historically underserved regions. And cryptocurrencies allow for that, “ Godoy commented.

Visa 80

Visa Financial Inclusion Underserved Cryptocurrency 80

Fintech News

JULY 23, 2024

This approach has enabled CapBay to provide over MYR 3 billion (US$643 million) in financing to more than 1,700 underserved SMEs across 20 diverse industries. It also invests in community initiatives, equipping underserved communities with future-ready skills and promoting food resilience. million transacting users in 2023.

FinTech 133

FinTech Online and Mobile Banking Multi-Currency Non-Bank 133

Fintech News

FEBRUARY 20, 2024

With a rapidly growing economy and a tech-savvy population, Indonesia has become a hotbed for fintech innovation and startups, peering into the most well-funded fintech startups in ASEAN’s largest country can provide hints on what verticals investors are most bullish on in this region. monthly active users in 2021.

FinTech 125

FinTech Online and Mobile Banking Payment APIs and Integration Security 125

The Fintech Times

AUGUST 28, 2024

With a gross domestic product (GDP) per capita of $4,788, the Association of Southeast Asian Nations ( ASEAN ) member, is looking to continue to grow its economy. It is estimated that the digital economy could add as much as $2.8trillion to the Indonesian economy by 2040. per cent per year from 2024 to 2026.

FinTech 69

FinTech Economy Authorization Underserved 69

The Fintech Times

SEPTEMBER 22, 2024

Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financial inclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia’s economy is projected to grow by 5.8 million in 2021 to 19.5 million in 2021 to 19.5

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

The Fintech Times

DECEMBER 26, 2023

This underserved group encompasses those with minimal or no credit history, small businesses, and emerging demographics, including the youth and female populations. In Kenya, banking apps have driven a significant increase in financial inclusion from 26 per cent in 2006 to 83 per cent in 2021.

Financial Inclusion 59

Financial Inclusion Underserved Small Business Finance 59

The Fintech Times

MAY 10, 2024

British Business Investments, a subsidiary of the British Business Bank , aims to improve access to alternative finance for SMEs across the UK, while supporting the transition to a net zero economy – highlighted by its backing of Beechbrook. Since 2008, Beechbrook has invested over £500million in 70 SMEs across the UK.

Underserved 69

Underserved Finance Origination Continuity 69

Fintech News

DECEMBER 13, 2024

Another instance, not too long ago takes place in June 2021, as the collapse of IRON Finances algorithmic stablecoin on the Binance Smart Chain demonstrated the risks of bank runs and rapid de-pegging events. And despite those incidents, stablecoins do offer several compelling benefits to Asian economies.

Stablecoins 109

Stablecoins Cross-Border Cross-Border Payments Caps 109

Fintech Finance

DECEMBER 13, 2023

Compared to the millions of UK microbusinesses, the established SME segment that Allica is dedicated to is far smaller in number but make up a far larger proportion of the economy – representing a third of all turnover and jobs.

Accounts 52

Accounts Underserved Payroll Economy 52

PYMNTS

JANUARY 22, 2021

And though the 2021 inaugural celebration was different in many regards, that excitement in peering at an upcoming future was, as always, in place. But another reason is that the digital-first economy is being pushed by a demographic changing of the guard when it comes to spending. has been slower when it comes to adoption.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

Finovate

JULY 5, 2024

Ascend Money anticipates the funds will help it accelerate its mission to provide inclusive financial services for underserved consumers and small businesses and ultimately foster economic growth and financial well-being in Thailand. In 2021, the company received a $1.5 billion during its $150 million funding round.

Financial Inclusion 52

Financial Inclusion Underserved BNPL Small Business 52

PYMNTS

DECEMBER 28, 2020

What 2020 more or less forced consumers to do, he said, is climb over “the barrier of that first purchase” that had heretofore kept them out of the digital-first economy. Ten years in eight weeks. It’s a bet, he said, that has paid off in the aftermath for a simple reason. Creating Credit Scores Out Of Data .

Underwriting 88

Underwriting Contactless Payments Consumer Underserved 88

PYMNTS

JANUARY 15, 2021

In the second Paycheck Protection Program (PPP) loan round, the Small Business Administration (SBA) is putting the priority on underserved groups and will only take applications from community financial institutions (FIs) in the two days following the opening of its loan portal. SBA Unveils Guidance For Second Round Of PPP Loans.

Digital Currency 58

Digital Currency Privacy On-Demand Underserved 58

The Fintech Times

FEBRUARY 19, 2024

How businesses and countries are moving to a cashless societies Michael Brauneis, managing director and global financial services industry leader at Protiviti In an era of technological advancements and evolving consumer preferences, the global economy is witnessing a historic shift towards a cashless society.

Financial Inclusion 59

Financial Inclusion Online and Mobile Banking Digital Currency Economy 59

The Fintech Times

JANUARY 28, 2025

According to Statista , fintech in Latin America (LatAm) suffered in 2023, with less than $2billion invested in fintech ventures – a drastic drop from 2021’s value of $6billion. What is Airwallex doing to improve the payments sector in LatAm?

Cross-Border 59

Cross-Border Cross-Border Payments B2B Instant Payments 59

PYMNTS

JANUARY 3, 2020

According to Shanmugaratnam, the rapid advance of digitization throughout all elements of the Singaporean and the global economy has required “a fundamental re-think of the role of banks, in most advanced financial centers.”. Youth and millennials are underserved even in a crowded space like Singapore,” Meng said in a statement.

Online and Mobile Banking 52

Online and Mobile Banking Underserved Financial Literacy Authorization 52

PYMNTS

FEBRUARY 14, 2018

The United Arab Emirates (UAE) has made cashless payments a government priority in its UAE Vision 2021 in an effort to bring financial access and services to underserved populations. According to Promoth Manghat, CEO, UAE Exchange , there is no more fertile soil for the digital transformation than an economy like the UAE’s.

Visa 40

Visa Multi-Currency Payroll Economy 40

FICO

JANUARY 11, 2023

It’s been a fixture in my talks about model development for years, and in June 2021 I wrote about the Highlander Principle in a blog about the importance of Auditable AI.”. “As the head of FICO’s data science organization, it has been a mantra of mine for a long time, too,” Scott said. There can be only one!"

AI 52

AI Posting Audit Governance 52

Lending Front

JUNE 29, 2021

On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L. Over the past year, the mission driving all CDFIs—delivering loans to small businesses in low-income, underserved communities—has become a topic of national interest, aligning with the priorities of the American government as it tries to rebuild our economy.

Small Business 52

Small Business Underserved Automation Economy 52

Lending Front

JULY 14, 2021

On June 15, 2021, Vice President Kamala Harris and Treasury Secretary Janet L. Community Development Financial Institutions (CDFIs) play an instrumental role in revitalizing the economy by delivering loans to small businesses in low-income, underserved communities.

Small Business 52

Small Business Underserved Automation Federal Reserve 52

CB Insights

JUNE 17, 2020

Industry proponents have been making the case for telehealth for years, pointing to its potential to lower costs, ease pressure on overextended healthcare systems, and make care more accessible in rural and underserved areas. Conversational AI/chatbots. Like Uber Eats, other ride-hailing companies are getting into the space.

Posting 101

Posting Technology Online and Mobile Banking On-Demand 101

Fintech Finance

JANUARY 27, 2025

By launching Money Fellows prepaid card, we are supporting Egypts efforts to expand access to secure financial services through tailored solutions, especially for youth and underserved communities. said Adam Jones, Executive Vice President, and Division President for West Arabia, Mastercard.

Financial Inclusion 69

Financial Inclusion Visa Online and Mobile Banking Underserved 69

Finovate

JANUARY 8, 2025

The move will boost the utility of RLUSD throughout the “on-chain economy,” the company noted in a statement this week. In June 2021, when El Salvador enacted the new policy, BTC was roughly $35,000. On the one hand, the value of Bitcoin has soared in recent years.

Stablecoins 58

Stablecoins Bitcoin Cryptocurrency Caps 58