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Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovativefinancial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. This ecosystem is expanding rapidly. rate in 2023.
This collaboration will support fintechs with the expertise, infrastructure, and rapid go-to-market capabilities needed to navigate the complexities of issuing cards unlocking new opportunities for financialinclusion and digital transformation.
The future of payments is digital, inclusive, and transformativedriving financial access, innovation, and global economic empowerment. The global financial landscape is undergoing a profound transformation. trillion business opportunity by 2025. trillion business opportunity by 2025.
Nigerian fintech Moniepoint has secured investment from digital payments giant Visa , enabling it to continue its mission to ensure financialinclusion for people across Africa. We are excited to support their next phase of growth and innovation.
HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-dependent society by offering innovative payment solutions and advanced financial services that meet market needs and future aspirations.
The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says. billion underbanked adults. million registered users.
The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financialinclusion across key markets. venture capital firms known for backing global fintech giants like N26 and PayPal, Jingle Pay continues to disrupt the industry.
Latin America remains a strategic priority for Paysend, as the region accounts for over $150 billion in annual remittance flows globally, and a population where over 70% of adults are either underbanked or unbanked, creating a significant opportunity to drive financialinclusion.
E-wallets and other real-time payments like Pix in Brazil, and PSE in Colombia, have raised the bar and driven innovation across all segments, including credit cards. The post Alternative Payment Adoption Continues to Rise Across Emerging Markets, Reveals EBANX appeared first on The Fintech Times.
Latin America remains a strategic priority for Paysend, as the region accounts for over $150 billion in annual remittance flows globally, and a population where over 70% of adults are either underbanked or unbanked, creating a significant opportunity to drive financialinclusion.
Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Nationalization of Banks (1969, 1980): A major policy shift aimed at increasing financialinclusion and directing credit to priority sectors.
ATMIA selected Atleos for this honor based on these criteria: Long-term Positive Influence on Improving the Industry: Atleos has consistently driven advancements in the financial technology sector, setting new standards for innovation and customer satisfaction. Atleos ATMaaS enhances business continuity.
In many regions, they create jobs, drive innovation, and stimulate local economies. Yet, they often face financial challenges, struggling to access credit, manage cash flow, and navigate complex financial systems. Fintech companies see this gap as an opportunity to innovate.
SEAs young, tech-savvy population, a growing consumer base, reliance on informal financial systems, and supportive government initiatives aimed at financialinclusion serve as robust drivers for long-term growth. This demand is expected to fuel fintech innovations even in the face of current economic hurdles.
I hope that today’s call to action acts as a pivotal moment in driving financialinclusion across the sector. The campaign is also supported by Nationwide, Project Nemo, Innovate Finance, West Midlands Police, and Alzheimer’s Society. Full collaboration from the sector is needed.”
Yet, legacy systems remain a primary reason why banks cannot keep up with the market and innovate fast enough. This is not just a tech shiftits a strategic one, aimed at fostering innovation, reducing operational overhead, and to ensure that our infrastructure in the future can withstand disruptions.
Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 Jeff Parker, CEO, says, “Digital payments will continue to grow rapidly, with mobile wallets expected to reach 4.8
PayMint , a leading financial technology company, has announced that it has obtained final approval from the Central Bank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank Egypt (ADIB-Egypt).
It aims to build innovative solutions that address existing challenges, all the while helping to drive sustainable growth and development in the region. This presents a significant opportunity to support the founders who are not only driving innovation, but also addressing the unique challenges and opportunities of the region.
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Where do you see it driving innovation? ” EV payment anxiety continues to be a concern. ” AIs impact on fintech this year is undeniable.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financialinclusion and cross-border transactions, while setting new global standards for innovation. Atome Financial specialises in consumer financing, ADVANCE.AI bolttech Valuation: $2.1
Cyril Han, Ant Group s President and current Chief Financial Officer, will step into the role of CEO on 1 March 2025, according to Bloomberg. He will continue to report to Jing and the board of directors. Cyril Han Han will succeed Eric Jing, who will remain the companys chairman.
As Asian markets surge, they face the dual challenge of safeguarding digital infrastructure while ensuring financialinclusion and bridging technological gaps between advanced and developing economies. This trend is fostering innovation and competition in the financial services sector.
With in-depth data covering global market penetration, transaction values, and consumer preferences, the insights presented here will empower decision-makers to refine their strategies, enhance operational efficiency, and capitalise on the growing demand for innovative payment solutions.
This collaboration is designed to enhance the payment experience for merchants and consumers while driving financialinclusion across the region. It empowers merchants with secure and flexible payment solutions that cater to evolving customer preferences, fostering greater financialinclusion.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region.
This achievement marks a significant milestone for PagBrasil as the digital payments solutions market continues to grow. Given that Pix is now responsible for 90 per cent of bank transactions in Brazil, PagBrasil is providing businesses and consumers with innovative means to leverage Pix in and outside of the country.
With digital wallets growing in sophistication, consumers and businesses have fundamentally altered how they interact with payments, forcing banks and payment system providers (PSPs) to innovate. The decline in cash usage has also helped speed up the adoption of digital wallets. Regulatory challenges Regulators are in a race against time.
Nonetheless, in the face of this hardship, fintechs have still continued to emerge and find success in the region, and across 2024, investment levels surged back up over $2billion again. How is Bre-B building on the success of Pix in LatAm to accelerate financialinclusion?
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digital payment solutions. It demonstrates our ability to successfully serve Mobile Network Operators (MNOs) via our fully-fledged processing solutions and our continued dedication and commitment to the African region.
The Asian Banking & Finance Fintech Awards celebrate forward-thinking companies that demonstrate leadership, innovation, and customer-centricity in today’s rapidly evolving financial services landscape. Pamela Ho , Head of Network, APAC at Thunes. James Teodorini , Head of Asia Pacific at Thunes.
This solution demonstrates our commitment to help our Business Banking and NEO BIZ clients improve their cashflows through innovative banking solutions. As demand for seamless, real-time payments continues to rise, Aani offers SMEs a powerful way to transact with greater ease and agility.
Today, fintech and digital innovations are becoming key drivers in their continued growth, each nation adopting its own approach to integrate these technologies into their economic sectors. Despite these advancements, challenges such as financialinclusion remain. per cent holding a credit card.
“The Push-to-Card solution not only reinforces our commitment to powering payment performance but also showcases our agility in bringing yet another innovation to the UAE market.” As digital commerce expands, AFTs are playing a pivotal role in accelerating financialinclusion and driving payment innovation across the Middle East.
This deal will drive Zilchs growth by paving the way for innovative new products and enable the launch of the companys first-ever physical payments card, capturing an even greater wallet share of customers spend. To date, Zilch has processed over 4 billion of purchases both online and in-store.
“This is an important next step towards that goal and our ongoing efforts to drive financialinclusion in the LatAm region, as well as diversifying Mexico’s financial landscape with global innovative solutions.”
It says these solutions aim to advance financialinclusion and foster economic development. It demonstrates the companys commitment to regulatory compliance, innovation, and excellence in financial services across its markets.
This investment reflects PayU GPO’s broader strategy to drive financialinclusion and modernise the continent’s payment infrastructure, while responding to rapidly shifting consumer preferences. Mobile-first purchasing also continues to soar, with 67% of Black Friday transactions taking place on smartphones.
MDP BPC SmartVista collaboration continues to strengthen the company’s position as a payments leader across the Middle East and Africa. MDP , a long-standing leader in Africa’s card issuing and processing industry, continues to solidify its position as a trusted payments powerhouse across the Middle East and Africa.
Ebwini also emphasised the companys commitment to innovation by developing advanced financial services, which supports national economic growth by facilitating payment processes and simplifying business transactions.
Eighty-three per cent of firms indicated that digitisation will be key for growth, as they focus on enhancing digital payments, financialinclusion and sustainability initiatives. Mastercards collaboration with financial institutions and fintech partners, such as Geidea , is expanding access to innovative credit solutions.
CRDB Bank said it selected BPC as it sought a modern, scalable multi-institutional technological platform with the capacity for instant innovative card product launches, advanced integrational capabilities and affordable total cost of ownership.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financialinclusion and helping people develop healthy financial habits. This democratisation of credit access fosters economic growth and resilience.
Checkbook , a leading innovator in payment solutions, today announced the launch of its new payment rails, now integrating PayPal and Venmo seamlessly into its existing APIs. FinancialInclusion: Enabling companies to disburse money to those who are historically underbanked or unbanked.
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