Fintech News

DECEMBER 10, 2023

Philippines funnelling resources to shape inclusive fintech future Fintech Philippines Report 2023 With a significant portion of the population still unbanked or underbanked, the Philippines offers fertile ground for fintech solutions to make a tangible impact.

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Fintech Finance

FEBRUARY 6, 2024

” NPS-NCS and NEPALPAY are part of the National Payment Switch (NPS) initiative, the core infrastructure for routing and settlement of retail transactions to ensure interoperability of card and non-card-based payments within Nepal. Of these, 81% utilize banking services, and 9% opt for other formal financial services.

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The Fintech Times

JANUARY 15, 2025

With Kampala as its capital and financial hub, the country is working through various economic challenges, including health crises as well as strict lockdowns. These platforms facilitate a wide array of transactions, including utility payments, bank-to-consumer transfers, e-commerce transactions, and retail payments.

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Fintech Finance

MAY 23, 2024

Comera Pay, the fintech subsidiary of Comera Financial Holding , headquartered in Abu Dhabi, UAE, today announced that it was granted an In-Principle Approval from the Central Bank of the UAE to operate under the Stored Value Facilitator (SVF) and Retail Payment System Clearing Service (RPSCS) licenses.

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The Fintech Times

NOVEMBER 5, 2024

Whizpay Technology was granted the Stored Value Facility (SVF) and Retail Payment Services and Card Schemes (RPSCS) licences to launch the app from the Central Bank of the UAE. Whizmo will be available for download on both the Play Store and App Store. ” Echoing his views, Eric G.

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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. For instance, Chinese retail web sales surpassed $2.1trillion in 2023, double that of the US. With over 1.4

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PYMNTS

FEBRUARY 20, 2018

Individual jurisdictions around the globe are pressing for both faster and more efficient cross-border payments. China’s central bank, for instance, took steps last month to boost the efficiency of cross-border transactions involving Chinese parties by lengthening its clearing window time span. In the U.S.,

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PYMNTS

JANUARY 28, 2020

Late last week, the India Banks Association (IBA), the representative body for the banking industry, wrote to the National Payments Corporation of India (NPCI), the umbrella organization for retail payments in the country, to ask the latter to remove some fees on UPI and RuPay transactions.

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The Fintech Times

MAY 1, 2025

UAE-based alternative payment method (APM) provider Pay10 has secured an open finance licence from the Central Bank of the UAE , enabling it to provide payment initiation services, including variable recurring payments across the country.

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The Payments Association

MARCH 20, 2025

Diana Carrasco Vime, head of the Digital Pound Project at the Bank of England, discusses the vision behind the digital pound and its potential to transform retail payments while maintaining trust and financial stability. How could a digital pound help improve financial inclusion and accessibility in the UK?

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Finovate

MARCH 21, 2025

Sub-Saharan Africa African payments technology giant Flutterwave integrated with Pay With Bank Transfer to support businesses in Ghana. Mastercard extended its collaboration with London-based Paymentology to boost financial inclusion in South Africa.

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The Fintech Times

FEBRUARY 15, 2025

While central banks across the globe have begun researching the possibility of introducing a central bank digital currency (CBDC), only three countries have officially launched one, and we still await one from a genuine world leader – aside from China piloting the digital Yuan with questionable levels of adoption.

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