Fintech News

NOVEMBER 12, 2024

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 financial inclusion. The regulatory attributes are finalized, and the central bank is now working on legislation, he said.

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Fintech Finance

MAY 8, 2024

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 financial inclusion in the country’s dynamic payments ecosystem.

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Fintech Finance

OCTOBER 23, 2024

Mastercard announced the launch of world class technology infrastructure in Saudi Arabia that will enable the processing of ecommerce transactions locally, providing a seamless and secure payments experience for both Mastercard partners and consumers, supporting the acceleration of the Kingdom’s digital commerce.

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Fintech Finance

FEBRUARY 28, 2025

Al Etihad Payments (AEP) , a subsidiary of the Central Bank 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.

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Wharton Fintech

FEBRUARY 26, 2024

Mastercard, President & CTO Ed McLaughlin — Emerging Technologies in Payments In today’s episode, Kailee Costello hosts Ed McLaughlin , the President & Chief Technology Officer of Mastercard. Out of that very physical cash-check world, Mastercard started completely offline. Next, we have what we call contextual commerce.

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Fintech Finance

MARCH 5, 2024

Mastercard with Central Bank of Jordan (CBJ) collaborates to develop a payment ecosystem digitization blueprint for the country. The Central Bank of Jordan will benefit from Mastercard’s global expertise to accelerate economic and payments digitization and improve acceptance.

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The Fintech Times

AUGUST 8, 2024

Ziina , a UAE-based financial platform supporting consumers and entrepreneurs, has secured the Stored Value Facility (SVF) licence from the UAE Central Bank , enabling it to expand its range of financial services.

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Finovate

DECEMBER 22, 2023

Sub-Saharan Africa Mastercard launched new contactless payment solutions in Nigeria. EMTECH, a company that provides infrastructure for central banks, provided a CBDC hackathon as part of a pilot project with the Bank of Ghana. African fintech Bloc launched its business banking solution this week.

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The Fintech Times

APRIL 12, 2024

Payments giant Mastercard is joining forces with Nairobi-based Equity Bank , to enable customers based in Kenya to send money safely and securely to 30 countries. Through Mastercard Cross-Border Services, Equity Bank customers can now send funds through any Equity branch location in Kenya.

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The Payments Association

JUNE 3, 2025

While still central to security, modern tokenisation addresses broader demands: interoperability across platforms, reduced operational costs, and improved customer experience. Traditionally, identity verification and credential storage were separate from payment processes.

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Fintech Finance

APRIL 12, 2024

Mastercard and Equity Bank have announced a strategic collaboration that will enable Equity Bank customers to send money safely and securely to 30 countries. This collaboration marks a significant milestone for cross-border financial transactions in Kenya. In Kenya, the Central Bank of Kenya reported $5.77

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The Payments Association

JANUARY 21, 2025

In 2024, stablecoins are increasingly integrated into mainstream systems, with Visa and Mastercard enabling their use across CeFi and DeFi platforms. The growing adoption of mobile and internet technology, paired with consumer demand for instant payments, will further advance financial inclusion. and Brazil.

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The Fintech Times

APRIL 15, 2025

Mexico and Guatemala are also embracing this global trend of integrating financial services into non-financial platforms. However, each country presents unique characteristics, especially when it comes to regulatory maturity, technological infrastructure, and financial inclusion.

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Fintech Finance

FEBRUARY 8, 2024

Mastercard collaborates with the Egyptian Banks Company (EBC) the advanced payments network and domestic operator in Egypt. The collaboration marks a significant step towards fostering sustainable economic growth activities, further enhancing the digital payments landscape and driving inclusive economic development in Egypt.

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Fintech Finance

JANUARY 11, 2024

Developed by the FPC Cross-Border Payments Work Group, sponsored by Mastercard, the report delves into the history of cross-border payments, examining the evolution from ancient trade routes like the Silk Road to modern-day global financial systems. The post U.S.

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Fintech Finance

JANUARY 15, 2024

Bahrain’s most innovative and accessible mobile wallet for digital financial transactions, stc pay , has announced a strategic partnership with Mastercard. Officially licensed by the Central Bank of Bahrain, offers financial services that are fast, secure, and easy for modern everyday life.

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PYMNTS

FEBRUARY 21, 2017

Mastercard has invested significantly in the Middle East, home to a blossoming FinTech scene. Most recently, the credit card company struck a partnership with Swipezoom in the United Arab Emirates to roll out a B2B payment and invoice management solution, signaling B2B FinTech as a key focus for Mastercard in the market.

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Finovate

JANUARY 17, 2025

“Credit bureaus are a catalyst for financial inclusion, and we are excited for the opportunity to bring the benefits of our state-of-the-art technology, innovative solutions, and industry expertise to Mexican consumers and businesses.” Mastercard opened its first office in Ghana this week.

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PYMNTS

SEPTEMBER 15, 2020

The Pay by Bank method allows customers to see their account balance before deciding how much of their credit card balance to pay, and also allows them to see instant updates to their bank balance, Tesco said. This is a great example of the strength that our partnership with Mastercard brings to our credit card offering.”.

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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.

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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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PYMNTS

JUNE 24, 2020

As had been reported Tuesday (June 23), Brazil’s central bank suspended the WhatsApp payment feature from being used in that country. The central bank cited antitrust concerns as the reason behind the suspension. Among the firms that have been asked to stop payments done through the app: Mastercard and Visa.

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The Fintech Times

APRIL 17, 2025

Nclude was launched with the support of the Central Bank of Egypt. The company is striving to ensure that the fund contributes towards building a thriving fintech ecosystem in Egypt and increasing financial inclusion in the country.

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PYMNTS

NOVEMBER 22, 2018

If this happens, [India’s] financial inclusion program would be severely impacted, as millions of beneficiaries under the government’s Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, who withdraw subsidies in the form of cash through ATMs, may find their neighborhood ATM shut,” said CATMi, which warned that there will be long lines to get cash out.

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Fintech Finance

DECEMBER 20, 2023

Mastercard leads the charge in transforming the payment landscape in Nigeria as it unveils its contactless payment solutions. As we navigate the evolving landscape of payments in Nigeria, Mastercard is proud to launch its contactless payment solutions. We’re committed to making a digitally inclusive future a reality for all.”

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Finovate

MARCH 7, 2025

Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. Sadad teamed up with Mastercard to enhance digital payments in Qatar.

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Fintech Finance

MAY 14, 2025

Cross Switch brings to the partnership a highly scalable global payments infrastructure, allowing merchants simple and frictionless acceptance across multiple payment channels, including Visa, Mastercard, AmEx, mobile money and bank platforms.

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PYMNTS

JUNE 18, 2019

Association Members are both known and familiar: Mastercard, Visa, PayPal, Stripe, PayU, Andreessen Horowitz, Union Square Capital, Coinbase, Xapo, eBay, Uber, Lyft, Farfetch, Mercado Pago, Spotify, Vodafone among others. – Jorn Lambert, Executive Vice President, Digital Solutions, Mastercard. This effort embraces that spirit.”.

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PYMNTS

JULY 5, 2019

For many regulated, compliant global players like Visa, Mastercard and PayPal, that could come as a big ask, particularly since it means saying yes to processing transactions that use the Libra cryptocurrency. Visa and Mastercard didn’t, as part of the ask, require banks to do business using a fake currency.

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PYMNTS

OCTOBER 17, 2019

As has been widely reported , the membership roster saw high-profile defections, with Visa, Mastercard, eBay and others leaving — out of an original 28 members, seven members left. As noted in this space, China has been moving to issue digital currency through its central bank. Welcome, then, to Libra as patriotic duty. .

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The Fintech Times

JUNE 13, 2024

In Saudi Arabia, the implementation of the Sarie system by the Saudi Central Bank in collaboration with Mastercard and IBM in 2021, is a trailblazing leap toward modernising the payment infrastructure.

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Fintech News

OCTOBER 16, 2024

Furthermore, a closer look will be taken at digital assets, including stablecoins, central bank digital currencies (CBDCs) and tokenised deposits, focusing specifically on interoperability and regulations.

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Finovate

MARCH 15, 2024

Swedish Central Bank looks to defend cash If the Swedish Central Bank is for cash, then who can be against it? Banks must also ensure that more customers have access to payment accounts.” As noted above, there is not a current requirement for banks to do so.

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Finovate

JULY 19, 2024

And while the company has received a great deal of acclaim for its efforts to promote financial inclusion, Nubank is also making inroads when it comes to integrating AI technology into its operations. Jordan Kuwait Bank teamed up with Mastercard and UAE-based fintech FOO to launch new prepaid digital wallet, eliWallet.

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Fintech News

JULY 23, 2024

In June 2024, the startup received approval as a virtual asset service provider from the Central Bank of Ireland, adding to its growing list of licenses and approvals in Singapore, France, Dubai, the UK, South Korea, Australia, Spain, Italy, Greece, Cyprus, the Cayman Islands, the US, and Canada, among other locations.

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PYMNTS

JANUARY 21, 2019

The letter highlighted the role of faster payments as a panacea to financial inclusion problems in the U.S. It comes at a time when the global tailwinds have, unfortunately, moved in the direction of faster payments by central bank regulatory fiat. It isn’t real-time, but it seems good enough for a lot of use cases.

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Clearly Payments

FEBRUARY 18, 2025

This anticipated growth positions Apple Pay as a formidable competitor to established payment giants like PayPal, Visa, and MasterCard. Brazil : The country’s instant payment system, Pix, launched by the Central Bank in 2020, is projected to surpass credit cards in the online purchasing market by 2025. Population 22.3%

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