The Fintech Times

JULY 17, 2025

billion in 2021. Having looked at some of the biggest barriers to digital banking as well as how it is facilitating access to finance in underserved communities, we now round out our focus on barriers to digital banking by focusing on the weirdest and most bizarre challenges observed in the scene. billion in 2011 to 1.4

FinTech 51

FinTech Online and Mobile Banking Underserved Non-Bank 51

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. For payments providers, this blurs the line between transaction services and credit enablement, with implications for product strategy and partnerships.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

The Fintech Times

JUNE 12, 2025

Launched in 2019, LoanTube is a UK-based digital credit marketplace that connects underserved borrowers with FCA-regulated lenders, offering real-rate comparisons and transparent eligibility decisions in real time. We launched in 2019, then got hit by Covid, and only really relaunched in 2021. LoanTube set out to change that.

Non-Bank 45

Non-Bank Underserved Regulations FinTech 45

The Fintech Times

APRIL 22, 2024

Codebase Technologies , a UAE-based fintech platform provider, has launched its ‘Digibanc SME Financing’ platform to address the needs of underserved Micro, small, and medium-sized enterprises (MSMEs) across MENA and APAC. per cent from 2022 to 2031. Globally the financing gap for formal MSMEs is an estimated $5.2

Underserved 69

Underserved Finance Technology APACS 69

Fintech News

SEPTEMBER 1, 2024

Since 2021, Validus has disbursed S$5.17 This funding aims to support Indonesian MSMEs by providing them with more accessible financing options, addressing financial barriers, and helping to drive economic growth. Batumbu has reported growing profits over the past two years and consistently achieved EBITDA margins exceeding 50%.

Financial Inclusion 124

Financial Inclusion Underserved Small Business Finance 124

Fintech Finance

JULY 18, 2024

With 300% YoY revenue growth and over €2.5bn transactions processed since its inception in 2021, wamo aims to leverage the funding to enhance its digital business account offering as it continues to deliver on its ambition of being the growth partner of choice for SMEs across Europe.

Underserved 98

Underserved Security Cross-Border Payments Cross-Border 98

The Fintech Times

SEPTEMBER 27, 2024

Despite its political unrest and economic challenges, Myanmar has shown significant progress in the fintech sector, bringing financial services to underserved populations. In 2021, the military overthrew the elected government of Aung San Suu Kyi and her National League for Democracy party, sparking ongoing protests and unrest.

Financial Inclusion 102

Financial Inclusion FinTech Underserved Central Bank 102

PYMNTS

SEPTEMBER 20, 2020

The company normally focuses on providing international accounts to businesses underserved by banks. The transaction should close in the first quarter of 2021 after regulatory approvals and other conditions are met, according to the release.

Cross-Border Payments 121

Cross-Border Payments Cross-Border Payments Underserved 121

Fintech News

MAY 5, 2024

from 56% in 2021. Between 2019 and 2021, approximately 22 million Filipinos gained access to formal financial accounts, indicative of the sector’s rapid growth. Since starting with in-store consumer financing in the Philippines market in 2022, Salmon has championed financial inclusion for those underserved by traditional banking.

Financial Inclusion 119

Financial Inclusion Underserved Disaster Recovery Regulatory Compliance 119

Fintech News

FEBRUARY 14, 2024

Despite their economic significance, MSMEs encounter a substantial financing gap, which, as of 2021, stood at approximately US$41 billion. MSMEs are the backbone of Thailand’s economy, constituting 99.6

Financial Inclusion 116

Financial Inclusion Non-Bank Underserved Finance 116

PYMNTS

NOVEMBER 24, 2020

The stars of financial services in 2021 will have something to do with credit,” i2c CEO Amir Wain told Karen Webster, saying the days of the simple checking or demand draft accounts (DDA) are over. You can’t be a star with the DDA in 2021,” he added.

Mobile Banking 124

Mobile Banking Credit Union FinTech Cost Structure 124

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 130

Financial Inclusion FinTech Financial Literacy Non-Bank 130

PYMNTS

SEPTEMBER 21, 2020

The firm is usually geared toward offering global accounts to companies underserved by financial institutions. The transaction should reportedly close in Q1 2021 once regulatory approvals and other conditions are satisfied. AFEX works to put cross-border solutions in place to help small and medium-sized businesses (SMBs).

Cross-Border Payments 89

Cross-Border Payments Cross-Border NACHA Cybersecurity 89

Clearly Payments

OCTOBER 7, 2024

trillion in 2021, a 25% increase from 2020. billion to fraud in 2021, a 70% increase compared to 2020. This has led to a concerted effort to develop payment solutions that cater to these underserved groups. Contactless Adoption : A study by Juniper Research indicated that global contactless transaction values reached $2.5

Cross-Border 105

Cross-Border Processors Contactless Payments Multi-Currency 105

The Finance Weekly

FEBRUARY 22, 2023

In 2021, there were roughly 5.4 million (or almost 20%) of these businesses will have ceased operations and by the end of 2025, over half of the new businesses created in 2021 will likely have disappeared. million new businesses established in the US and over 800,000 in the UK.

Finance 130

Finance Best Practices Accounts Advisors 130

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 134

FinTech Online and Mobile Banking Multi-Currency Non-Bank 134

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

FEBRUARY 20, 2024

Xendit claims more than 3,000 customers, among which Samsung Indonesia, Grab Pay, Ninja Van Philippines, Qoala, Unicef Indonesia, Cashalo and Shopback, and says it tripled annualized transactions from 65 million to 200 million between 2021 and 2022, and increased total payments value from US$6.5 monthly active users in 2021.

FinTech 126

FinTech Online and Mobile Banking Payment APIs and Integration Security 126

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

CB Insights

OCTOBER 4, 2022

Others are striving to make banking, loans, mobile wallets, and investing products available to historically underserved populations all over the world. . In 2021 alone, winners raised over $51B across 337 equity deals. THE FINTECH 250 CLASS OF 2021: WHERE ARE THEY NOW? Look for Fintech 250 (2022) in the Collections tab.

FinTech 101

FinTech B2C B2B Point-of-Sale (POS) 101

PYMNTS

DECEMBER 16, 2020

The deadline for applications for the February 2021 term is Dec. 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.

Small Business 100

Small Business Underserved Payments 100

PYMNTS

JANUARY 6, 2021

The majority of profits at most community banks are derived from the business portfolio,” he said — and yet that segment is still underserved when it comes to digital capabilities, as well as over-simplification. “It

Continuity 127

Continuity Innovation Credit Union Underserved 127

Fintech Review

DECEMBER 31, 2024

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. This regulatory flexibility allowed non-banking institutions to offer financial services.

FinTech 111

FinTech Regulations Best Practices Central Bank 111

Fintech News

JANUARY 18, 2024

In 2021, over 500 major brands, including China Mobile, Haier, and Mengniu Dairy, implemented MYBank’s supply chain financing solutions. As of March 2021, it had one of the largest India-based payments platforms in terms of the number of transactions, consumers, merchants, and revenue, according to RedSeer.

APACS 124

APACS Finance Cross-Border Ubiquitous 124

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. For instance, in Saudi Arabia, the Saudi Arabian Monetary Authority (SAMA) granted licences to STC Bank and Saudi Digital Bank in June 2021, followed by D360 in February 2022.

Non-Bank 64

Non-Bank Visa FinTech Underserved 64

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

SEPTEMBER 22, 2024

Despite these advancements, about 30 per cent of the adult population remains underserved in financial services. million in 2021 to 19.5 million in 2021 to 19.5 While only 12 per cent of the adult population used QR payments in 2021, this method is rapidly gaining popularity, mirroring trends across much of Asia.

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

Fintech News

MARCH 6, 2024

The startup targets underserved markets in the insurance space, such as the poor, students and startups. Since July 2021, bolttech has amassed US$493 million across six funding rounds from backers including Tokio Marine from Japan, global life insurance leader MetLife, and Malaysia’s state fund Khazanah Nasional, among others.

APACS 122

APACS FinTech Online and Mobile Banking Multi-Currency 122

PYMNTS

JANUARY 9, 2020

I am sure this QR will accelerate the Digital India mission and make more financial services available to the underserved,” he said. He stated Paytm’s business app has more than 10 million merchant users, and he expects that amount to more than double by 2021. Paytm’s new QR codes also operate through the popular Rupay cards. “I

Push-to-Card 54

Push-to-Card Underserved Payments Credit Transaction 54

PYMNTS

JANUARY 8, 2021

This time around, the SBA is prioritizing underserved groups such as minority-owned businesses and will only accept applications from community financial institutions during the first two days after its loan portal opens, said Lendio CEO Brock Blake in an article for Forbes.

Small Business 64

Small Business Payroll Credit Union Underserved 64

The Fintech Times

AUGUST 28, 2024

As in much of Southeast Asia, QR code payments are popular in Indonesia – by 2021, 39 per cent of Indonesian consumers already used QR codes for payments. In 2021, Bank Indonesia launched new standards for payment methods, setting the foundation for the development of open banking. How is fintech integrating in Indonesia?

FinTech 69

FinTech Economy Authorization Underserved 69

The Fintech Times

MAY 10, 2024

British Business Investments has previously backed Beechbrook’s earlier SME Credit funds with commitments in 2017, 2019 and 2021, and we are pleased to continue our partnership.” . “This commitment to Beechbrook will further support UK smaller businesses with the finance they need to grow.

Underserved 69

Underserved Finance Origination Continuity 69

Finovate

JANUARY 30, 2024

Lendio has made three acquisitions, most recently purchasing online lending platform QuarterSpot in 2021 for an undisclosed amount. ” Lendio has already funded over $330 million for trucking businesses, and will now offer a range of its financing services to the Trucker Path community of users.

Finance 64

Finance Online and Mobile Banking Small Business Underserved 64

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. The long tail of food suppliers, wholesalers and restaurants has been an underserved market not known for being technologically forward-thinking.

Push-to-Card 73

Push-to-Card Payments Credit Cards Checks 73

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.

FPC 88

FPC Federal Reserve Cross-Border Payments Faster Payments 88

The Fintech Times

OCTOBER 2, 2024

million registered users, Piggyvest in Nigeria, offering online savings platforms to previously underserved populations, and Amwalcom in Jordan, assisting consumers in comparing savings accounts. In 2021, wealthtech ranked as the third-largest sector in Africa in terms of deals, despite a slight decline from the previous year.

Financial Literacy 64

Financial Literacy FinTech Financial Inclusion Underserved 64

Lending Front

JUNE 6, 2021

By all accounts, summer 2021 looks promising. Despite the enormous need for capital during the pandemic, the share of firms that applied for non-emergency, non-Paycheck Protection Programing financing declined from 43% in 2019 to 37% in 2020, according to the Federal Reserve’s 2021 Small Business Credit Survey. .

Small Business 52

Small Business Community Banks Economy Non-Bank 52