Fintech News

DECEMBER 8, 2024

The digital bank attributes its success to strong growth, with revenue per user increasing threefold since 2023, reaching US$12 in 2024. It has focused on sustainable growth by meeting the needs of its target audience with a wide range of accessible financial products and services. years after its launch.

Financial Inclusion 123

Financial Inclusion AI Transactions Innovation 123

Fintech News

NOVEMBER 27, 2024

Patricia Sullivan “The payments business is currently undergoing an extensive period of disruption, primarily due to the rapid advancement of technology and drive for greater financial inclusion and transparency. However, the company reported US$285,000 in revenue for 2023 compared to the previous year’s lack of income.

Cross-Border 116

Cross-Border SARS Multi-Currency Correspondent Bank 116

Fintech News

JANUARY 7, 2024

The report, titled Exploring Payments in Indonesia: An Industry Outlook and released in November 2023, provides an overview of the country’s payment landscape, highlighting the dynamic ecosystem of payment providers, the role of regulators and policymakers, and the outlook for payments in Indonesia. million, BI also reported.

Financial Inclusion 125

Financial Inclusion Innovation Payments NOV 125

Fintech Finance

OCTOBER 29, 2024

To promote financial inclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. With a population of 32 million, Peru has become a significant player in the remittance landscape, receiving US$4,446 million in remittances in 2023.

Financial Inclusion 105

Financial Inclusion Cross-Border Economy Underserved 105

Fintech Finance

OCTOBER 4, 2024

Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financial inclusion in a region where the majority of the population is still underbanked or unbanked. Paysend is taking a lead in financial inclusion throughout the LATAM (Latin American) Region with the launch of Paysend Libre in Mexico.

Financial Inclusion 105

Financial Inclusion Visa Cross-Border Security 105

Fintech News

JANUARY 13, 2025

billion in 2023 and a steep 75% fall from 2022s USD $6.3 SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financial inclusion serve as robust drivers for long-term growth. billion, representing a 23% drop compared to USD $2.1

FinTech 117

FinTech Cross-Border On-Demand Innovation 117

Fintech Finance

JANUARY 17, 2025

The collaboration will advance financial inclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries. billion in 2023, an increase from USD4.91 According to the World Bank , Jordans remittance value reached USD4.94 billion in 2022.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Visa Security 98

Fintech Finance

MARCH 7, 2025

Growth is driven by financial inclusion, fintech innovation, and regulatory reforms. Alternative Payments and Cryptocurrency Surge Credit and debit cards made up over 60% of transactions in 2023, but alternative methods are rising. trillion by 2027. Cryptocurrency adoption has doubled, surpassing 55 million in 2024.

Digital Payments 96

Digital Payments Payments Debit Card Online and Mobile Banking 96

Fintech Finance

OCTOBER 29, 2024

from 2023 to 2030, the region’s payment landscape is set for substantial evolution. Geidea, one of the region’s leading financial technology companies, has announced a strategic partnership with tpay , the leading payment connector in the region.

Digital Payments 98

Digital Payments Financial Inclusion Payments Underserved 98

Fintech Finance

JUNE 5, 2025

In a strategic move to accelerate digital payments, financial inclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria. quadrillion, an 80% surge that reflects the expanding reach of digital financial services.

Financial Inclusion 83

Financial Inclusion Non-Bank Economy Digital Payments 83

The Fintech Times

MAY 9, 2024

Paymentology , the global issuer-processor, has joined forces with Diamond Trust Bank , a tier-one East African commercial bank, in a move hoping to help drive financial inclusion in Kenya through the embedding of financial services, and deployment of Cards-as-a-Service (CaaS).

Financial Inclusion 104

Financial Inclusion Embedded Finance Payment APIs and Integration Non-Bank 104

The Fintech Times

NOVEMBER 26, 2024

Cross-border payment hub, Tranglo , has expanded its footprint in Africa, now supporting payouts in Ethiopia, Kenya, Liberia, Madagascar, Mali, Senegal, and Zambia as it continues to aim to boost financial inclusion by providing efficient, affordable cross-border payment solutions to the region. per cent in 2024. per cent in 2024.

Cross-Border Payments 75

Cross-Border Payments Cross-Border Payment APIs and Integration Financial Inclusion 75

FICO

FEBRUARY 27, 2023

Home Blog FICO Meet The 2023 FICO Decisions Awards Winners! In 2023, we have 15 winners across 10 award categories representing companies from every corner of the globe. There was plenty of creativity and moxy in the approaches, business models and technologies deployed by the class of 2023.

Financial Inclusion 98

Financial Inclusion AI Credit Cards Research 98

Fintech Finance

OCTOBER 29, 2024

I hope that today’s call to action acts as a pivotal moment in driving financial inclusion across the sector. According to the Financial Conduct Authority (FCA), over 40% of UK adults exhibit characteristics of financial vulnerability, further emphasising that this is neither an isolated nor marginalised issue.

Financial Inclusion 128

Financial Inclusion Debit Card Scams Governance 128

Fintech Finance

NOVEMBER 11, 2024

This consequential partnership between the company, its commercial bank shareholders and the SARB, signifies both a continuation and expansion of that role as we focus more deliberately on financial inclusion through affordable access to modern payment capabilities.”

Acquirers 98

Acquirers Instant Payments Financial Inclusion Agreements 98

Fintech Finance

FEBRUARY 19, 2025

The use of digital wallets has rapidly grown in recent years with the proportion of card transactions using a digital wallet increasing significantly from 11% in 2019 to 35% in 2023.

Alternative Payment Methods 81

Alternative Payment Methods Contactless Payments Duplicate Financial Inclusion 81

Fintech Finance

NOVEMBER 21, 2024

Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financial inclusion and opening up new opportunities to large underbanked communities in many African countries.

Payment Networks 98

Payment Networks Digital Payments Digital Currency Innovation 98

Fintech News

JANUARY 26, 2025

As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financial inclusion and bridging technological gaps between advanced and developing economies. In 2023, credit card payments comprised 52.2% trillion in transactions, CNBC reports. of all cashless transactions in Japan.

Payments Trends 127

Payments Trends Payment APIs and Integration Embedded Finance Cross-Border 127

Finovate

DECEMBER 22, 2023

Our final Finovate Global column of 2023 celebrates the conversations we’ve had this year with fintech innovators from around the world. Stay tuned in 2024 for more interviews with some of the most interesting founders, entrepreneurs, and thought leaders in fintech and financial services.

Financial Inclusion 64

Financial Inclusion Automation AI Financial Crimes 64

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, a Southeast Asian nation with a complex history, has undergone significant transformation.

Financial Inclusion 69

Financial Inclusion FinTech Central Bank Online and Mobile Banking 69

Fintech Finance

DECEMBER 16, 2024

With remittance fees in Africa averaging 13% on $200 transfers in Q4 2023, there is a clear need for cost-effective solutions. This is achieved through significantly reduced transaction costs, enhanced accessibility to crucial financial services, and seamless cross-border transfer of value on the continent.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins Payments 98

Fintech Finance

OCTOBER 21, 2024

ACI Worldwide’s second Real-Time Payments: Economic Impact and Financial Inclusion report leverages data from 40 countries and reveals—for the first time—an empirical link between real-time payments and financial inclusion. billion in 2023 – equivalent to the labor output of 12 million workers. billion – a 74.2%

Real Time Payments 98

Real Time Payments Financial Inclusion Instant Payments Accounts 98

Clearly Payments

OCTOBER 31, 2024

Global Usage : Credit cards represented 20% of global e-commerce transactions in 2023, a number projected to decline slightly as digital wallets grow in popularity. Market Share : As of 2023, digital wallets made up 49% of global e-commerce transactions , projected to rise to 54% by 2026. They remain a staple payment method globally.

Online and Mobile Banking 98

Online and Mobile Banking RTP BNPL Debit Card 98

The Fintech Times

NOVEMBER 16, 2024

Armenia Population: +2,967,000 Capital, financial hub and largest city: Yerevan Gross domestic product (GDP) per capita: +$8,500 Access to a formal financial account (adults): 52.3 Despite these advancements, challenges such as financial inclusion remain. per cent holding a credit card.

FinTech 69

FinTech Central Bank Financial Literacy Online and Mobile Banking 69

Fintech Finance

JUNE 7, 2024

Faster Payments Council (FPC) , a membership organization devoted to advancing safe, easy-to-use faster payments in the United States, has announced the publication of its latest industry resource, the Faster Payments and Financial Inclusion survey report.

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Wharton Fintech

JANUARY 2, 2024

Top 5 Episodes of 2023 Our top 5 episodes of the year, bringing you the latest in fintech innovation: Coatue — Michael Gilroy. In this episode you will hear about: Michael’s investing philosophy, The State of Fintech in 2023, and the “Rule of 200” for fintech investments SoFi — Anthony Noto, CEO. Saudi Arabia (~2%) 6. ??

FinTech 100

FinTech Cross-Border Payments Cross-Border Non-Bank 100

Fintech Finance

JANUARY 13, 2025

We remain unwavering in our commitment to shaping the future of payments and financial services in this dynamic market, said Mark Elliott, Division President for Africa at Mastercard. Ghana presents a tremendous opportunity for Mastercard to enhance its geographical presence in West Africa.

Visa 98

Visa Financial Inclusion Cross-Border Payments Cross-Border 98

Fintech News

JUNE 5, 2025

That future is not far off, in Malaysia, PwC’s 2023 Cloud Business Survey reports that 95% of banking and capital markets respondents are now, or will be in two years, fully on the cloud. Cloud and Modernisation: A Powerful Combination Featured image by Freepik Modernisation in banking isnt just about “going digital.”

Payment APIs and Integration 107

Payment APIs and Integration APACS Financial Inclusion Push-to-Card 107

The Fintech Times

OCTOBER 23, 2024

Produced in collaboration with The Centre for Economics and Business Research , the second ‘ Real-Time Payments: Economic Impact and Financial Inclusion ‘ report from ACI Worldwide reveals an empirical link between real-time payments and financial inclusion. By 2028, 167.2

Real Time Payments 59

Real Time Payments Financial Inclusion Instant Payments Economy 59

The Fintech Times

JULY 13, 2024

Asia, a region known for its economic diversity, ranging from wealthy nations like Singapore, Japan, and South Korea to emerging powerhouses like China and India, has demonstrated notable unity in embracing financial inclusion. The post Financial Inclusion and the Rise of QR Payments in Asia appeared first on The Fintech Times.

Financial Inclusion 59

Financial Inclusion Cross-Border Payments Cross-Border Payments 59

The Fintech Times

NOVEMBER 14, 2024

Remittances from the United States to Latin America reached $155billion in 2023. The partnership will deliver an expanded range of financial products and a card issuance program to serve the unique financial needs of both senders and recipients, supporting financial inclusion across Central America.

Visa 64

Visa Financial Inclusion Cryptocurrency Cross-Border 64

The Fintech Times

SEPTEMBER 24, 2024

The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financial inclusion and economic growth. M-Money has significantly improved financial inclusion, providing essential services to a population in need of accessible financial solutions.

Financial Inclusion 64

Financial Inclusion Digital Payments Cross-Border Central Bank 64

Fintech Finance

JANUARY 14, 2025

The Platform has transformed the digital economy of India by making more seamless transactions and increasing financial inclusion. From 92 crore in FY 2017-18 to 13,116 crore in FY 2023-24, the CAGR of UPI is 129%. This positions it to compete effectively with global players like MasterCard and Visa.

Economy 98

Economy AI Financial Inclusion Digital Payments 98

Fintech News

OCTOBER 21, 2024

Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financial inclusion through clear regulations.

Financial Inclusion 143

Financial Inclusion Payments Embedded Finance Push-to-Card 143

The Fintech Times

JANUARY 31, 2025

Throughout January, The Fintech Times has been exploring the theme of ‘fintech for good,’ focusing on how fintech solutions support financial inclusion. McKenna shared how FinTech Scotland aims to create economic and social impact through financial inclusion initiatives.

FinTech 59

FinTech Financial Inclusion Research Governance 59

Neopay

OCTOBER 23, 2024

The report leverages data from 40 countries and reveals for the first time an empirical link between real-time payments and financial inclusion. They improve the efficiency of financial systems and ​enable greater financial inclusion,” says Thomas Warsop, president and CEO, ACI Worldwide. million workers.

Real Time Payments 52

Real Time Payments Financial Inclusion Payments Economy 52

The Payments Association

JANUARY 13, 2025

An examination of authorised push payments (APP) scams in 2023, their impact on victims, and the platforms most exploited. Over 222,000 cases were reported in 2023 alone, highlighting the scale and evolving nature of the challenge faced by regulators, payment systems, and consumers alike. Why is it important? What’s next?

Scams 88

Scams Romance Scams Phishing Volume 88