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

The Payments Association

MARCH 19, 2025

Regions like Africa are seeing digital wallets driving financial inclusion, as seen with M-Pesa, which has connected millions of unbanked individuals to financial services. Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

The Paypers

JUNE 25, 2025

In addition, the deal launches in a context where financial inclusion still faces significant challenges. According to the 2024 National Survey of Financial Inclusion (ENIF) recently published by INEGI, although 71.8%

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Facilitators Financial Inclusion CBDC Embedded Finance 36

The Paypers

JUNE 25, 2025

The FATF also strengthened its Recommendation 1 earlier in 2025 to encourage countries to promote financial inclusion and to reinforce the expectation that AML, CFT, and CPF controls have to be implemented through a proportionate and risk-based process.

Financial Inclusion 36

Financial Inclusion AML Financial Crimes Crime 36

Fintech News

DECEMBER 11, 2023

This PoC involved executing real-time cross-border test transactions between various Central Bank Digital Currency (CBDC) systems. The project tested the feasibility of conducting multilateral cross-currency transfers through the UDPN, involving both Distributed Ledger Technology (DLT) and non-DLT-based CBDC technologies.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

SEPTEMBER 15, 2020

But as to what a CBDC might look like in the eurozone, ECB executive board member Yves Mersch said a speech earlier this year that retail central bank digital currency (CBDC) is a game-changer and that retail CBDCs would be a “main focus.”

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CBDC Risk Central Bank Digital Currency 91

The Fintech Times

SEPTEMBER 25, 2024

While 134 countries and currency unions, representing 98 per cent of global GDP, are currently exploring a central bank digital currency (CBDC), the Bank of Canada has revealed it is officially putting efforts to introduce a digital version of the Canadian dollar on pause. Could a CBDC still be in Canada’s future?

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CBDC Digital Currency Central Bank Privacy 75

The Fintech Times

MAY 29, 2024

– Increased financial inclusion Cryptocurrencies provide a potential solution for individuals who are marginalised or excluded from traditional financial services and institutions. By leveraging cryptocurrencies, these individuals gain access to financial tools and services previously unavailable to them.

Digital Currency 111

Digital Currency CBDC Cross-Border Payments Cross-Border 111

Clearly Payments

AUGUST 29, 2024

This article covers what CBDCs are, how they have evolved until 2024, their impact on payments, and the future they could shape. What Are CBDCs? A Central Bank Digital Currency (CBDC) is a digital form built on blockchain technology of a country’s fiat currency issued and regulated by the central bank.

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Central Bank Digital Currency CBDC Cross-Border Payments 105

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. A survey asked banks if they were currently working on CBDCs, additionally asking about their motives.

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CBDC Central Bank Digital Currency Financial Inclusion 102

PYMNTS

AUGUST 21, 2020

As many as 80 percent of the 66 central banks polled by the Bank of International Settlements said they were at some stage of CBDC development. China has been at the forefront of those efforts, at least as measured in terms of debuting an actual CBDC, and is in the midst of testing its digital yuan in various settings.

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PYMNTS

SEPTEMBER 9, 2020

Mastercard’s testing platform allows banks to simulate the issuance, distribution and exchange of CBDCs between banks, financial service providers and consumers. This new platform supports central banks as they make decisions now and in the future about the path forward for local and regional economies.”.

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Central Bank Digital Currency Visa Cryptocurrency 132

Finovate

DECEMBER 22, 2023

EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana. Photo by Markus Spiske The post The Best of Finovate Global 2023: Digital Transformation, Financial Inclusion, AI and Automation appeared first on Finovate.

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Financial Inclusion Automation AI Financial Crimes 65

Fintech Finance

JULY 4, 2024

The introduction of a token-based solution such as G+D Filia® Unplugged not only strengthens payment resilience but also has the potential to drive financial inclusion for nearly 1.4 The success of several CBDC pilot projects around the globe has demonstrated the importance of offline payments. billion unbanked people worldwide.

Digital Payments 98

Digital Payments Online and Mobile Banking Central Bank Financial Inclusion 98

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

Embedded Finance 109

Embedded Finance APACS Financial Inclusion CBDC 109

PYMNTS

SEPTEMBER 8, 2020

Brazil’s latest CBDC news follows reports in this space last month that China is also gearing for a 2022 launch of a digital yuan — perhaps most notably for use at the 2022 Beijing Winter Olympics. CBDC trials already underway in China are reportedly looking at smaller retail payments.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Fintech Finance

SEPTEMBER 10, 2024

Like Accenture, EMTECH works with financial institutions to solve pressing challenges, such as testing new banking applications, meeting regulatory criteria, accelerating payments and settlement times, and driving financial inclusion for the unbanked and other parts of society that have been excluded.

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Central Bank Digital Currency CBDC Financial Inclusion 98

Fintech News

MARCH 5, 2024

The session will shed light on the regulator’s drive towards innovation, transparency, and collaboration, highlighting initiatives like mBridge for cross-border CBDC payments and the successful real-time payments between PromptPay in Thailand and PayNow in Singapore. 7 CBDCs – The New Frontier of Money?

Embedded Finance 98

Embedded Finance APACS Financial Inclusion CBDC 98

Fintech Finance

MARCH 12, 2024

Banco do Brasil reinforces its pioneering commitment to financial inclusion technologies and takes an important step towards making offline payment with digital money a reality in Brazil. ​ 2 The Central Bank of Brazil plans to launch the CBDC DREX by the end of 2024.

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CBDC Financial Inclusion Digital Currency Use Case 52

Fintech News

DECEMBER 10, 2023

In APAC, financial inclusion has emerged as a driving force behind digital innovation. Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. The absence of proper documentation and financial education presents significant hurdles.

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Addressing Fraud Prevention Financial Inclusion Payments 120

Fintech News

DECEMBER 13, 2024

This trend highlights efforts to enhance monetary sovereignty, boost financial inclusion, and modernise payment systems in an increasingly digital world. Similarly, the Philippine central bank has launched a peso stablecoin pilot to explore its potential for financial inclusion and cross-border remittances.

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Stablecoins Cross-Border Cross-Border Payments Caps 109

The Fintech Times

NOVEMBER 9, 2024

Back in 2012, Sri Lanka had the highest financial inclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. In 2024, the CBSL announced that it was planning on introducing a central bank digital currency (CBDC) to the country.

Economy 96

Economy Online and Mobile Banking Central Bank Financial Inclusion 96

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.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech News

APRIL 28, 2024

Day 2 featured discussions on small business empowerment, consumer financial resilience, and lending strategies in Thailand. Day 3 explored topics like Web3 developments, Malaysia’s fintech journey, and fostering financial inclusion in Asia. Finally, TOPOS is an on-chain payment acquiring product.

Payment APIs and Integration 117

Payment APIs and Integration Cross-Border Cross-Border Payments Financial Inclusion 117

The Fintech Times

OCTOBER 25, 2024

Accelerating financial inclusion Though demonetisation was abrupt, it accelerated digitalisation in India, with a significant impact on financial inclusion. India is also experimenting with a central bank digital currency (CBDC) called the digital rupee, which launched in 2022.

Digital Payments 59

Digital Payments FinTech Online and Mobile Banking Financial Inclusion 59

Clearly Payments

JANUARY 4, 2024

Financial Inclusion: Cryptocurrencies have the potential to bring financial services to the unbanked and underbanked populations, fostering financial inclusion. By accepting cryptocurrency payments, merchants contribute to a more inclusive global economy.

Cryptocurrency 105

Cryptocurrency Stablecoins Cross-Border Payments Digital Currency 105

Fintech News

OCTOBER 28, 2024

These awards highlight companies and individuals whose fintech initiatives have contributed to advancing financial technology, promoting financial inclusion, and improving service delivery. RCBC Diskartech is a multilingual financial inclusion application, available in Taglish (Tagalog-English) and Cebuano.

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AI FinTech Innovation Payment APIs and Integration 108

The Fintech Times

JUNE 6, 2024

This project aims to create a multi-central bank digital currency (CBDC) platform for instant cross-border payments and settlements, leveraging distributed ledger technology (DLT). Several commercial banks have already started using the mBridge platform to facilitate cross-border CBDC payments among participating jurisdictions.

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Participant Distributed Ledger Technology (DLT) Cross-Border Payments CBDC 45

PYMNTS

JANUARY 14, 2021

The new infrastructure aims to broaden financial inclusion, digitization transactions, and bolster government revenue. The country is currently in the development phase of the central bank digital currency (CBDC), with the report noting that Sweden is set to decide by November 2022 whether to pursue the technology.

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RTP Real Time Payments Payment APIs and Integration Digital Currency 62

The Fintech Times

JULY 5, 2024

With Filia Unplugged, we are helping to bridge this gap,” explained Raoul Herborg , managing director of Central Bank Digital Currency ( CBDC ) at G+D. ” In today’s digital-first economy, connectivity pain points can cause serious issues.

Digital Payments 52

Digital Payments Transactions Online and Mobile Banking CBDC 52

Fintech News

JANUARY 30, 2024

Other payment trends in Asia preceding 2024 including the rise of B2B buy now pay later (BNPL), growing prominence of central bank digital currency (CBDC), and prevalence of composable, cloud-based ‘as-a-Service’ IT architecture models have helped shape much of what we anticipate for 2024.

Payments Trends 120

Payments Trends Digital Currency Cross-Border Payments Distributed Ledger Technology (DLT) 120

Fintech Finance

JANUARY 11, 2024

The post U.S. Faster Payments Council Explores the Practicalities of Cross-Border Payments in a Faster Payments World appeared first on Fintech Finance.

Cross-Border Payments 93

Cross-Border Payments Cross-Border Faster Payments ISO 20022 93

Wharton Fintech

FEBRUARY 26, 2024

Our ability to, with financial inclusion, reach and serve people we could never reach before, to create new contextual commerce, to say how in new spaces or new environments that people are exploring can we ensure that they can access the Mastercard network, which helps them build their businesses.

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Visa Technology Payments Encryption 130

The Fintech Times

APRIL 23, 2024

. ‘Connecting for Change: MUFG’s Strategy for Fintech Integration’ at Money 20/20 Asia in Bangkok, Thailand On the agenda During the morning’s activities on the Vision stage, a keynote session led by Daranee Saeju , assistant governor, payment systems policy and financial consumer protection group from the Bank of Thailand, highlighted (..)

Payment APIs and Integration 59

Payment APIs and Integration Cross-Border Cross-Border Payments CBDC 59

The Fintech Times

SEPTEMBER 10, 2024

Digital adoption, already high before Covid-19, surged during the country’s strict pandemic policies, alongside a boom in e-commerce and financial inclusion efforts for individuals and SMEs. Crypto change China banned cryptocurrencies like Bitcoin in 2021 , shifting its focus to developing its own central bank digital currency (CBDC).

FinTech 59

FinTech Online and Mobile Banking Digital Currency Economy 59

M2P Fintech

MARCH 28, 2024

This technological approach eliminates the use of physical cards or PINs during financial interactions. Central Bank Digital Currency (CBDC) A CBDC represents a nation’s currency in digital form, administered directly by the central bank. Unlike physical cash or bank deposits, CBDCs are purely electronic.

FinTech 59

FinTech Online and Mobile Banking Push-to-Card Payer 59

Fintech News

OCTOBER 28, 2024

By integrating Open Banking data and industrial data, they can generate alternative credit scores that empower businesses with fairer access to financial services, driving global financial inclusivity. Ample was awarded the MAS FSTI Innovation Acceleration grant for excellence in fintech.

FinTech 117

FinTech Financial Literacy Cross-Border Distributed Ledger Technology (DLT) 117