Remove Consumer Protection Remove Interoperability Remove Underserved
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From open banking to open finance and beyond: The future of financial data-sharing

The Payments Association

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. While some governments prioritise competition and innovation, others focus on financial inclusion, consumer protection, or market-driven adoption.

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U.S. Faster Payments Council Launches New Work Groups Focused on Financial Inclusion and Real-Time Recurring Payments

Faster Payments Council

The Financial Inclusion Work Group will create a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans. But faster is not always better, so we need to get strong consumer protections in place to prevent fraud, loss, and abusive practices."

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Stablecoins in Asia Are Stably Reducing Dependency on USD

Fintech News

Furthermore, stablecoins enhance financial inclusion by providing an accessible entry point for the unbanked and underserved populations in Asia, effectively digitizing local currencies. It must be the upmost critical priority in order to make sure stablecoins remain, stable.

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U.S. Faster Payments Council Releases New Survey Report on Faster Payments and Financial Inclusion

Fintech Finance

“The survey highlighted concerns related to fee variability, cross-border payment capabilities, and the essential need for stronger consumer protections and trust-building measures. ” Only 56% of respondents currently offer faster payments, with an additional 35% planning to do so.

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New Capital City, Strong Fintech Adoption, and Plans for the Future: Fintech in Indonesia in 2024

The Fintech Times

As in much of Southeast Asia, QR code payments are popular in Indonesia – by 2021, 39 per cent of Indonesian consumers already used QR codes for payments. Bank Indonesia , the country’s central bank, requires digital payment services to use standardised QR codes, ensuring all banks and e-wallets are interoperable.

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In Profile: Rajat Dayal, CEO of Yabx

The Fintech Times

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. million consumers and MSMEs through the platform. These achievements have impressive real-world implications with individuals in underserved regions. Just in 2023 Yabx disbursed over 20 million loans to 2.4

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Committee scrutiny: Navigating the UK’s cash transition

The Payments Association

The responsibility for payment infrastructure executives lies in developing and implementing strategic inclusion measures that support all consumers, particularly those at risk of exclusion. Their examination validates market-led transition whilst highlighting underserved customer segments.