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Airtel Payments Bank Expands Women Business Correspondents Network to 100,000, Advancing Financial Inclusion and Empowerment

Fintech Finance

This International Women’s Day, Airtel Payments Bank recognises the pivotal role women play in expanding financial access, particularly through the remarkable work of women business correspondents (BCs) who are bridging the gap between banking and underserved communities. Over 80% of these correspondents work in Tier 3 and beyond towns.

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Re-Examining The Role Of Correspondent Banking

PYMNTS

Fewer correspondent banks to move that money. The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

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Report: Helping Banks Speed Payments Cross Border And Make A Clean Correspondent Bank Break

PYMNTS

These difficulties are due to a process called correspondent banking, in which transactions must also be funneled through multiple financial institutions (FIs) before they reach their final destinations. How New Payments Networks Improve On Correspondent Banking. About The Tracker.

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Bridging the gap: Reinventing global correspondence in emerging markets amidst the decline of traditional banking relationships

The Payments Association

Exploring innovative solutions to address the challenges and opportunities in global financial connectivity as traditional correspondent banking relationships diminish. Read more

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Partior Closes Series B at US$80 Million with Deutsche Bank Investment

Fintech News

The bank plans to act as a Euro and US dollar settlement bank on Partior’s platform, aligning with its dbX initiative—a correspondent banking ecosystem launched to optimize financial institution client services. Established in 2021 and backed by DBS Bank, J.P.

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Clear Junction Named as One of Europe’s Fastest Growing Companies for Second Year Running

Fintech Finance

Known for its fiat and crypto correspondent account services for financial institutions, Clear Junction’s continued presence in the FT 1000 is a testament to the trust it has built across the banking, fintech, payments, and digital asset ecosystems.

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Bank of Kigali and KCB Group Join Pan-African Payment and Settlement System

The Fintech Times

With this launch, businesses and individuals can benefit from faster, more cost-effective, and secure payments without relying on correspondent banks or third-party currencies. The service is fully operational and accessible via the banks mobile applications and branch networks, enabling seamless transactions across African borders.