This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The Saudi CentralBank (SAMA) has announced the granting of a license to HyperPay Inc. Muhannad Ebwini, Founder and CEO of HyperPay said, said: “We are proud to have received this license from the Saudi CentralBank, which represents a significant milestone in enhancing our leadership in the electronic payment sector.
PayMint , a leading financial technology company, has announced that it has obtained final approval from the CentralBank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank Egypt (ADIB-Egypt).
Banks By 2020, Bhutan’s financial sector included five banks, three insurance companies, one CSI bank, five microfinance institutions, one pension institution, two telecom companies as well as a single stock exchange. These advancements offer the potential to boost economic development and prosperity across the Kingdom.
Egyptian fintech PayMint has received final approval from the CentralBank of Egypt to launch its first ‘Meeza’ prepaid cards in partnership with Abu Dhabi Islamic Bank (ADIB). PayMints services align with the banks strategy and vision to expand its banking and digital solutions.”
Mexico in Focus: Open Banking and FinancialInclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population.
Digital currency systems could prove to be key in improving financialinclusion and opening up new opportunities to large underbanked communities in many African countries. Together, we are equipping Africa with the tools to embrace blockchain-powered tokenisation and drive sustainable development.” by 2024.
In a strategic move to accelerate digital payments, financialinclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria.
CentralBank Digital Currencies (CBDCs) have received attention in recent years as centralbanks worldwide explore the potential to evolve the way we conduct financial transactions. Europe : The European CentralBank (ECB) is actively working on a digital euro. What Are CBDCs?
Accenture (NYSE: ACN) announced that it has invested in EMTECH , a global financial technology company that provides software-as-a-service platforms to help centralbanks streamline, connect and modernize their processes and operations. Terms of the investment were not disclosed.
As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? CEO Linda Yaccarino framed the move as a leap forward, but the real story is bigger: tech giants are no longer just facilitating payments, theyre actively reshaping the financial industry. The result?
Championed by the CentralBank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability.
Tarabut , the MENA region’s regulated open banking platform, is joining forces with Geidea , the Saudi-based payments solutions provider, to develop tailored SME financing solutions, subject to regulatory approvals. million businesses in Saudi Arabia, and face a financing gap of over SAR300billion (~$80billion).
As artificial intelligence (AI) rapidly transitions from a nascent development to a ubiquitous technology accelerating advancements across the financial landscape, far-reaching implications for centralbanks worldwide are quickly emerging.
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 per cent CentralBank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population.
Qatar Islamic Bank (QIB), Qatars leading digital bank, has signed a Memorandum of Understanding (MoU) with PayLater , a Qatari fintech company specializing in Buy Now, Pay Later (BNPL) solutions. The post QIB Partners With PayLater to Introduce Sharia-Compliant BNPL Solutions in Qatar appeared first on FF News | Fintech Finance.
The use of keys and QR codes make the technology accessible to unbanked people and businesses while it adheres to the highest security standards, promoting innovation, financialinclusion and minimising fraud. How is Bre-B building on the success of Pix in LatAm to accelerate financialinclusion?
Thus, attending key events within the fintech sector can help to provide valuable insights, networking opportunities, and exposure to cutting-edge financial technologies. From advancements in digital banking and blockchain to AI-driven finance and cybersecurity solutions, these events cover the full spectrum of fintech innovation.
In March, fintech FitBank launched a new platform to allow companies of all sizes to control their finances directly from their management systems. I saw FitBank as the ideal platform combining cutting-edge financial technology with the flexibility to serve the needs of any country. Embedded finance is rapidly expanding in Brazil.
Championed by the CentralBank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability.
Payments giant Mastercard has been busy forging three new partnerships in the UAE, with Al Etihad Payments , the payments infrastructure provider and subsidiary of the CentralBank of the UAE ; LikeCard , an e-commerce prepaid card platform; and credit-as-a-service platform CredibleX.
In August 2023, the CentralBank of Jordan (CBJ) announced a new aim for financial technology and innovation in the country with its Executive Programme for the Economic Modernisation Vision (20232025). One way CBJ is positioning Jordon as a prime destination for investment in advanced financial technologies is through JoRegBox.
The CentralBank of Bahrain (CBB) has updated its open banking framework, mandating all licensed banks to expose APIs for corporate accounts. Moreover, it will allow SMEs easier access to financing solutions by enabling fintech companies to provide personalised credit solutions based on more accurate data assessments.
Cambodia is leveraging fintech innovations and strategic reforms to boost economic growth, financialinclusion and international partnerships, positioning itself as a key player in the Southeast Asian digital economy. Cambodia has also ventured into centralbank digital currencies (CBDCs).
Tarabut , the MENA region’s leading, regulated open banking platform, and Geidea , Saudi Arabia’s leading payments solutions provider, have entered a strategic partnership to explore and potentially develop tailored SME financing solutions, subject to regulatory approvals. Today, SMEs represent 1.3
These experts covered some of the industry’s hottest trends and most urging issues, including artificial intelligence (AI), quantum computing, digital assets, next-generation transactions, and financialinclusion. The regulatory attributes are finalized, and the centralbank is now working on legislation, he said.
Al Etihad Payments (AEP) , a subsidiary of the CentralBank of the UAE (CBUAE), has announced the readiness of the financial infrastructure for Jaywan, the UAE’s domestic card scheme, to be activated locally and globally.
The country is focusing on fintech solutions like mobile payments and cross-border systems to boost financialinclusion and economic growth. In the formal financial sector, key developments included Banque Pour Le Commerce Exterieur Lao (BCEL) launching a mobile application to facilitate payments and transactions for cardholders.
This strategic partnership aims to empower Trinidad and Tobago to establish a reliable and efficient real-time payments platform for both person-to-person (P2P) and person-to-merchant (P2M) transactions, expanding digital payments in the country and fostering financialinclusion.
In August 2023, we launched our personal banking solution through Moniepoints subsidiary, Moniepoint Microfinance Bank, offering a reliable debit card which can be used at ATMs, POS terminals, and online; alongside a personal banking app where users can make transfers, pay bills and buy airtime.
Bahaa El-Shafie, Deputy CEO of Banque du Caire, explained that the launch of the remittance service in cooperation with TerraPay comes as part of the banks efforts to increase the volume of remittances from Egyptians abroad, in line with the CentralBank of Egypts directives to merge informal remittances under the umbrella of the banking sector.
Additionally, tiqmo provides a range of international financial services including bank account transfers, digital wallet transfers, cash pick-up, bill payments and mobile top-ups. tiqmo is one of the fastest-growing apps in Saudi Arabia, licensed by the Saudi CentralBank.
Organised by TraiCon Events , the summit will see over 300 fintech and digital finance leaders in attendance. Companies specialising in digital banking, payment solutions, regtech, blockchain , AI, and cybersecurity will be showcasing how they are redefining the future of financial services.
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 financialinclusion for nearly 1.4 With Filia® Unplugged, we are helping to bridge this gap,” explains Dr. Raoul Herborg, Managing Director CentralBank Digital Currency at G+D.
Moreover, this partnership underscores the strong commitment and deep-rooted friendship between China and the UAE, fostering greater economic and financial collaboration between our nations.”
Mastercard has signed a memorandum of understanding (MoU) with The BENEFIT Company (BENEFIT), leading fintech company in Bahrain, and the national electronic payment infrastructure operator, to explore opportunities for collaboration in driving innovation and financialinclusion in the country’s dynamic payments ecosystem.
According to the Asian Development Bank (ADB), the country’s economy is dominated by agriculture and capital-intensive extractions of gold, oil, copper and silver. Access to finance There are four major commercial banks operating in the country, however, the Bank of South Pacific is by far and away the most dominant in the market.
This proven programme makes it simpler and faster for regulators to shape and implement their domestic open banking and open finance frameworks and policies. Helping reduce costs and enabling them to positively impact their citizens and economy drives a fairer and more inclusive society. Location, location, location!
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. The growing prevalence of digital wallets, embedded finance, and increasingly complex payment ecosystems means tokenisation is no longer a tactical upgrade but a strategic imperative.
Pay10 , a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the CentralBank of the UAE’s (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment.
The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards. Regarding digital payment systems in Nepal, mobile banking boasts the largest number of customers (over 23 million), while digital wallets follow closely behind (21 million).
Moreover, the newly launched AFS Open Banking hub is driving financialinclusion and innovation in the region. The post Arab Financial Services Secures $50 Million Capital Injection appeared first on FF News | Fintech Finance. With offices and data centers in Bahrain, Egypt, Oman, and the UAE.
Access to finance The PICs mobile penetration rates is incredibly low at only 47 per cent. There is room for optimism Time for change There have been various government initiatives across the region to help bring about greater financialinclusion. This is considerably higher than its neighbours.
The Thai banking sector could have a new key player in the first half of 2025 as Lighthub Asset , a Thai fintech and WeLab , a pan-Asian fintech platform submit an application for a virtual banking licence with the Bank of Thailand. It will provide localised digital banking services to everyone, including the underserved.
Mexipay will utilize ACI’s Digital Central Infrastructure solution, part of the award-winning ACI Enterprise Payments Platform, to address the need for enhanced real-time payment services. The post ACI Worldwide and Mexipay Extend Partnership to Boost Instant Payments Adoption in Mexico appeared first on FF News | Fintech Finance.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content