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. The European Commission is investigating whether Apple Pays exclusive use of NFC technology for contactless payments restricts competition.

Digital Payments 88

Digital Payments Finance Online and Mobile Banking Payments 88

Fintech Finance

FEBRUARY 18, 2025

With over 60% of transactions in South Africa now contactless, open-loop solutions allow drivers to charge their electric vehicles at any public charging station without needing an account or membership, creating a seamless payment experience.

Payment Solutions 75

Payment Solutions Push-to-Card Payments Credit Cards 75

The Fintech Times

JANUARY 28, 2025

We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

Fintech Finance

JULY 10, 2025

The study emphasizes how revenue and customer retention are being impacted across industries by the absence of inclusive, user-friendly payment options. The report calls for a move toward greater financial inclusion as the UK’s need for easily accessible payment methods increases.

Payments 52

Payments Financial Inclusion Contactless Payments Research 52

Finextra

JULY 8, 2025

But in China, a new and uniquely local solution is emerging—one that bridges the gap between barcode payments and hardware-intensive NFC wallets. External This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.

Payment APIs and Integration 52

Payment APIs and Integration Payments EMV Authorization 52

The Fintech Times

JANUARY 17, 2025

Trkiye has also made significant progress regarding financial inclusion, with the country now boasting nearly 100 million credit cards, ranking ninth globally for credit card transactions and seventh for credit card ownership.

FinTech 59

FinTech Digital Payments Laws Credit Cards 59

Fintech Finance

JULY 7, 2025

With this license, Pay10 will deliver mobile-first interoperable infrastructure designed to integrate with Bahrain’s domestic payment rails, ensuring compliance, speed, and reliability across every transaction and directly contributing to the Kingdom’s broader vision for financial inclusion and diversified economic growth.

Central Bank 52

Central Bank Payment Solutions Regulations Security 52

The Fintech Times

JUNE 26, 2025

The partnership aims to accelerate the use of alternative data to boost financial inclusion across Africa, leveraging Omnisient’s platform to securely unlock non-traditional data for credit risk and decisioning.

FinTech 59

FinTech AI Online and Mobile Banking Non-Bank 59

Finextra

JULY 7, 2025

With this license, Pay10 will deliver mobile-first interoperable infrastructure designed to integrate with Bahrain’s domestic payment rails, ensuring compliance, speed, and reliability across every transaction and directly contributing to the Kingdom’s broader vision for financial inclusion and diversified economic growth.

Security 52

Security Payment APIs and Integration Central Bank Real Time Payments 52

Finextra

JULY 4, 2025

Additional benefits such as emergency cash concierge support abroad, round-the-clock domestic concierge services, higher transaction limits, and contactless payments are also available. Ujjivan Small Finance Bank strives to offer digital-first solutions that combine convenience with the broader goals of financial inclusion.

Debit Card 52

Debit Card Finance Transaction Limits Authorization 52

Fintech Finance

JULY 30, 2024

Building on the success of last year’s inaugural event, this year’s gathering emphasized the importance of cybersecurity and the growing adoption of contactless payments. The Mastercard Ghana Fintech Forum aimed to address these issues, fostering engagement and innovation to drive financial inclusion. “At

Contactless Payments 98

Contactless Payments Cybersecurity Visa FinTech 98

Fintech Finance

OCTOBER 17, 2024

These devices enable consumers to make swift, secure payments by simply tapping their wearable at any compatible point-of-sale (POS) terminal, ATM, or NFC-enabled payment point. This innovation enhances the consumer experience while setting a new standard for secure, frictionless payments, advancing financial inclusion in Somalia.

Visa 122

Visa Technology Financial Inclusion Contactless Payments 122

Clearly Payments

OCTOBER 7, 2024

Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. Rise in Contactless Payments Contactless payments emerged as a safer, more hygienic alternative to cash during the pandemic.

Cross-Border 105

Cross-Border Processors Contactless Payments Multi-Currency 105

Fintech Finance

JULY 30, 2024

In a significant move towards enhancing digital financial inclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions.

Multi-Currency 136

Multi-Currency Visa Innovation Point-of-Sale (POS) 136

Fintech News

NOVEMBER 11, 2024

This is particularly beneficial for small and medium-sized enterprises (SMEs) in Singapore, where adoption of contactless payments has been slower. Currently, only 50% of SMEs accept mobile wallets and 36% accept contactless cards.

Contactless Payments 109

Contactless Payments Visa Financial Inclusion Payments 109

Finovate

JUNE 21, 2024

.” With offices in both Mexico City and Buenos Aires, Argentina, Clip offers a range of solutions to enable SMBs to accept digital payments, sell goods and services online, secure financing, and streamline their operations. Clip was founded in 2012.

Financial Inclusion 65

Financial Inclusion Payment APIs and Integration Legal Framework Cross-Border Payments 65

Payments Source

OCTOBER 15, 2019

Even the homeless are getting on board with contactless payments, through a new U.K. wide initiative between Swedish payments company iZettle and the Big Issue Foundation, which enables homeless people to become street vendors by selling its its Big Issue magazines.

Contactless Payments 65

Contactless Payments Payments Financial Inclusion Mobile Payments 65

Fintech Finance

FEBRUARY 20, 2025

As digital transformation accelerates, SMEs are unlocking new opportunities through digital payments and financial inclusion. The collaboration provides SMEs with contactless payment solutions, reducing reliance on cash while improving transaction security and efficiency.

Financial Inclusion 59

Financial Inclusion Digital Payments Visa Payments 59

Finovate

DECEMBER 22, 2023

Sub-Saharan Africa Mastercard launched new contactless payment solutions in Nigeria. Photo by Markus Spiske The post The Best of Finovate Global 2023: Digital Transformation, Financial Inclusion, AI and Automation appeared first on Finovate. African fintech Bloc launched its business banking solution this week.

Financial Inclusion 65

Financial Inclusion Automation AI Financial Crimes 65

M2P Fintech

AUGUST 25, 2023

Network inaccessibility keeps a large section of the population out of the ambit of digital payments and is a challenge to financial inclusion. Offline Payments, Now a Reality Offline payments, as the name implies, enable consumers to make digital payments in an offline environment.

Financial Inclusion 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

Fintech Finance

DECEMBER 5, 2024

The new Premier Mastercard suite will offer advanced features including contactless payments and global acceptance, while also ensuring that all customers can access comprehensive financial services that align with their values and lifestyles. “We We are excited to embark on this transformative journey with Mastercard.

Visa 98

Visa Payment Solutions Debit Card Contactless Payments 98

Payments Source

JANUARY 31, 2018

Mastercard knows the more time consumers spend on their mobile devices—often deliberately blocking ads—the less likely they are to see its iconic “Priceless” ads, even if those ads support a charitable cause.

Contactless Payments 73

Contactless Payments Visa Blocks Payments 73

Clearly Payments

MARCH 22, 2024

Consumers, increasingly tech-savvy and seeking convenience, have readily embraced the swift and seamless nature of mobile payments over traditional methods. 51% of smartphone users in the USA have engaged in contactless payments at least once in 2023. smartphone users had engaged in contactless payments at least once in 2023.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

PYMNTS

SEPTEMBER 8, 2020

And as Brazil has become the country with the third-highest tally of COVID-19 cases, there’s a big push underway toward contactless payments. Such payments grew five-fold between March 2019 to March 2020, as per Visa data reported by Latin America Business Stories.

Digital Currency 87

Digital Currency Central Bank CBDC Instant Payments 87

Fintech News

AUGUST 26, 2024

Digital wallets in APAC have emerged as a vital solution for financial inclusion, offering sophisticated services to those previously excluded from conventional banking systems. The key lies in comprehending the multifaceted nature of payment channels in the digital age.

APACS 120

APACS PCI DSS Push-to-Card Online and Mobile Banking 120

PYMNTS

JUNE 19, 2020

In an interview with Karen Webster, Douglas Sabo , global head of corporate responsibility and sustainability for the payments giant, said the cards reduce first-use plastic, are EMV compliant and can handle contactless payments. We are really focused on what roles we can play to drive an inclusive and sustainable future.”.

EMV 110

EMV Issuers Financial Inclusion Contactless Payments 110

The Fintech Times

SEPTEMBER 23, 2024

Sameh Elmallah , CEO of Damen, commented: “Damen’s partnership with BKN301 Group underscores our shared vision and commitment to driving innovation and financial inclusion in the MENA region. At BKN301, we are passionate about driving financial inclusion and fostering innovation, especially for the unbanked segments.

Payment APIs and Integration 59

Payment APIs and Integration Web 3.0 Financial Inclusion Embedded Finance 59

Fintech News

SEPTEMBER 3, 2024

The account allows children to make digital payments, such as scanning QR codes or using PayNow, and make contactless payments with their debit cards. Parents must open the account via their own OCBC Digital app, and children will receive an OCBC MyOwn Debit Card with customisable designs.

Accounts 120

Accounts Financial Literacy Freeze Account Debit Card 120

Fintech Finance

DECEMBER 20, 2023

Mastercard leads the charge in transforming the payment landscape in Nigeria as it unveils its contactless payment solutions. The solution will empower businesses to accept card payments easily and cost effectively, using “tap on phone”, “QR Pay by link” and “Payment link” on their smart phones.

Digital Payments 52

Digital Payments Contactless Payments Visa Payments 52

PYMNTS

FEBRUARY 1, 2021

The Tracker examines how FIs can apply the Nordic instant payments approach in their own markets, what technologies and tools can help and what challenges may be holding them back. Contactless payments in the Nordics have continued to jump in popularity since the start of the pandemic. Around The Disbursements World.

Instant Payments 98

Instant Payments Payments Contactless Payments Financial Inclusion 98

The Fintech Times

JUNE 10, 2024

Payments are rapidly evolving across the globe, as the pendulum swings away from traditional financial institutions, and towards innovative fintechs and payments providers. ” At the start of 2023, digital wallets accounted for around 49 per cent of global e-commerce payments and 32 per cent of global POS payments.

Value Added Service 78

Value Added Service Financial Inclusion Cross-Border Contactless Payments 78

The Fintech Times

FEBRUARY 6, 2025

Morocco, which relies heavily on the export of raw materials and agricultural products, alongside sectors such as tourism and telecommunications, is working hard to develop its financial sector and improve financial inclusion. Moreover, over four-fifths of consumers exhibit high levels of confidence in contactless cards.

FinTech 59

FinTech Online and Mobile Banking Financial Inclusion Laws 59

Fintech Finance

APRIL 29, 2024

Promoting financial inclusion Faidi stated that Reem Finance is embarking on a significant rebranding joruney, signaling a shift towards a more digital-focused era in its retail offerings.

Payment Solutions 52

Payment Solutions Digital Payments Finance Innovation 52

Neopay

FEBRUARY 27, 2025

Given the growth, the FCA and PSR engaged extensively with businesses and representative groups to assess the impact of digital wallets , finding significant benefits to consumers through greater convenience, enhanced security measures, and, for some, greater financial inclusion.

Alternative Payment Methods 52

Alternative Payment Methods Assessments Duplicate Financial Inclusion 52

PYMNTS

MARCH 1, 2017

Meanwhile, across the pond in London, a contactless payment solution from Mastercard has been integrated into London’s public transit system that allows commuters to quickly pay for their rides with a contactless payment card. When public transit goes contactless. Smart’ vs. ‘dumb’ cities.

Contactless Payments 43

Contactless Payments Financial Inclusion Visa Addressing 43

Clearly Payments

MARCH 18, 2024

Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments. A study by PYMNTS.com found that 54% of Gen Z shoppers like using contactless payments, while only 22% prefer cash.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

Finovate

DECEMBER 11, 2023

This enables SumUp merchants to accept all types of contactless payments using only an iPhone and the SumUp iOS app. SumUp sees the offering as ideal for new and smaller merchants looking to potentially scale their businesses and broaden payment options for customers. and the Netherlands. No additional hardware is required.

Financial Inclusion 59

Financial Inclusion Contactless Payments Participant Small Business 59