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Fintech in the Caucasus: Armenia, Azerbaijan & Georgia

The Fintech Times

Armenia is also exploring blockchain and cryptocurrency, with substantial investments in crypto mining and ongoing discussions about developing a central bank digital currency ( CBDC ). Despite these advancements, challenges such as financial inclusion remain. per cent in 2021.

FinTech 69
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Meet the 18 Finalists for the 2024 Global Fintech Hackcelerator

Fintech News

The 18 finalists have been selected based on solutions to challenges in credit access, financial literacy, cross-border payments, and personalized protection, among other areas. KaiOS empowers individuals and communities with accessible education, turning financial wellness into a sustainable reality. Ample Fintech Pte.

FinTech 117
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Fintech in Singapore: 2023 in Review

Fintech News

Efforts were also made to advance digital assets, tokenization and central bank digital currency (CBDC) experimentation with initiatives such as Project Guardian and Project Orchid expanding to include more use cases and moving towards “live” pilots.

FinTech 109
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Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy

The Fintech Times

In 2024, the CBSL announced that it was planning on introducing a central bank digital currency (CBDC) to the country. Fintech adoption Due to geographical barriers, limited financial literacy, income disparities, the high cost of borrowing and regulatory constraints, Sri Lanka still has a significant underbanked population.

Economy 96
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India’s Rise in Fintech: How Digital Payment Infrastructure is Shaping Economic Growth

The Fintech Times

For instance, the RBI has set up the National Centre for Financial Education and is expanding Centres for Financial Literacy (CFLs) nationwide to promote financial awareness across demographics. India is also experimenting with a central bank digital currency (CBDC) called the digital rupee, which launched in 2022.

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SFF 2024 Awards Highlights Fintech Innovation with Updated Categories, New AI Focus

Fintech News

The solution includes collateral-free loans for migrant workers, seamless integration with InDrive for vehicle financing, affordable health insurance packages, refundable airline ticketing, and a pioneering all-women Digital Ambassador programme to promote financial literacy.

AI 108
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Why hasn’t the US fully embraced the digital dollar? 

Tearsheet

While many countries worldwide are exploring the potential of Central Bank Digital Currency (CBDC), China continues to expand its e-CNY in the market. China introduced its CBDC to the world at the Olympic Games in February 2022. In the US, the CBDC would be a third form of the US Dollar after paper and coins.

CBDC 59