Remove Addressing Remove Consumer Protection Remove Underserved
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FCA and PSR Detail ‘Significant Opportunity’ of Digital Wallets, as Reliance on Them Grows

The Fintech Times

The majority of stakeholders highlighted that consumers benefit from a more seamless and efficient payment journey, including enhanced authentication security measures and greater financial accessibility for underserved groups. Responses raised potential competition, consumer protection and operational resilience issues.

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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

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. While some governments prioritise competition and innovation, others focus on financial inclusion, consumer protection, or market-driven adoption.

Finance 88
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Consumers International partners with Mastercard to accelerate equitable global consumer protection in the digital economy

Fintech Finance

The project seeks to establish a new community of stakeholders, including digital financial service providers, regulatory bodies, consumer advocates, and technology companies, to address the increasing complexity of the digital finance ecosystem. They no longer work to inform, protect, and empower consumers effectively.

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Fintech in Emerging Markets: Opportunities and Challenges

Fintech Review

These platforms provide a lifeline for people in remote and underserved areas. Nubank’s growth underscores the potential for fintech to address inefficiencies in conventional banking systems. Governments need to create supportive regulatory frameworks that balance innovation with consumer protection.

FinTech 105
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More Than Half the Fintech Industry Seeing Growth from Strong Consumer Demand

Fintech News

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. In Asia Pacific, the lack of a skilled workforce and poor digital and financial literacy were also factors, however this trend can also be observed globally.

FinTech 143
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Exploring How Faster Payments Can Support Financial Inclusion

Faster Payments Council

Adam Telem, Vice President, Product Management, Mastercard, who moderated the session underscored a key concept being addressed by the FPC. "It 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."

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

Fintech Finance

. “The survey highlighted concerns related to fee variability, cross-border payment capabilities, and the essential need for stronger consumer protections and trust-building measures. ” The report further underscores that financial institutions must address several key areas to enhance financial inclusion. .”