Remove 2023 Remove Financial Inclusion Remove Interoperability
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Is Southeast Asia Fintech Funding Drying Up?

Fintech News

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

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Payments Innovation in Indonesia to Drive Economic Growth and Financial Inclusion

Fintech News

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.

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Universal Digital Payments Network (UDPN) and FORUS Digital Announce Strategic Cooperation to Advance Financial Innovation in Africa

Fintech Finance

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.

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Will Singapore Realise Its Tokenisation Dreams?

Fintech News

This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure. The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion.

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Key Trends Shaping Cross-Border Payments in APAC

Fintech News

trillion in consumer spending across channels in 2023. Their growing popularity has spurred continuous financial innovation, such as the rise of buy now, pay later (BNPL). In 2023, BNPL arrangements represented 4% of e-commerce transaction value, a significant increase from the mere 1% in 2020. million registered users.

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U.S. Faster Payments Council Releases New Survey Report on Faster Payments and Financial Inclusion

Fintech Finance

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.

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5 Things to Know About SGQR+, Singapore’s Unified Payments QR

Fintech News

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.