Remove Central Bank Remove Payment Service Provider (PSP) Remove Real Time Payments
article thumbnail

Can Nepal Continue Building Fintech Foundations to Support Economic Development and Growth?

The Fintech Times

The nation’s fintech journey began at least as early as 1990 when Nepal Arab Bank (now known as NABIL Bank ) introduced credit cards. Fintech foundations According to the World Bank , the gross domestic product (GDP) per capita of Nepal is around $1,100. UPI will function for Nepali users like it does for Indians in India.

article thumbnail

EBANX Data Shows 41% of Online Card Transactions in Brazil Come From Digital Issuers

Fintech Finance

According to internal data from EBANX , a global Payment Service Provider (PSP) that has already processed transactions for nearly 70% of Brazil’s credit cardholders, fintech companies and digital players now account for 41% of the total value transacted through credit cards for online purchases in Brazil. .

Issuers 59
article thumbnail

Alternative Payment Adoption Continues to Rise Across Emerging Markets, Reveals EBANX

The Fintech Times

Digital-first financial institutions have become key drivers behind cards’ sustained presence and growth in rising economies, according to new data revealed by EBANX , the global payment service provider (PSP). Four out of 10 of these people are credit card holders.

article thumbnail

ACI Worldwide and STET: European Instant Cross-Border Transactions Reach New Record High

Fintech Finance

Instant cross-border payments processed by STET , one of the leading European clearing and settlement systems, (CSM) and ACI Worldwide (NASDAQ: ACIW), a global leader in mission-critical, real-time payments software, have reached a new record high.