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Airtel Payments Bank is committed to empowering India with accessible and inclusive banking. With women at the heart of this mission, the Bank ensures that women are central to driving financialinclusion across the nation.
Saudi Arabia for Information Systems Technology to operate digitalpayment services via an electronic wallet in the Kingdom. This license marks an important step in enhancing the companys position in the growing digitalpayments market in Saudi Arabia.
As digital wallets reshape finance and big tech challenges traditional banks, who will control the future of money? X (formerly Twitter) has made its first decisive step into fintech, announcing a partnership with Visa to power its ambitious new digital wallet, X Wallet.
Moniepoint is building an all-in-one, seamlessly integrated platform for African businesses that features services including digitalpayments, banking, foreign exchange, credit, and business management tools. Wise became the first non-bank operating in Japan to earn approval to join the country’s domestic payment network, Zegin.
The Vietnam Consumer Trends 2024 report, released in October, explores key drivers set to fuel Vietnam’s growth and opportunities, highlighting that digitalpayment methods are gaining dominance, and helping improve financialinclusion and accessibility. rate in 2023.
Southeast Asias fintech industry is flourishing, driven by soaring adoption of digitalpayments, alternative lending, and wealthtech. It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financialinclusion challenges with 820 million unbanked and 1.8
The “LATAM Payment Methods & DigitalPayments 2025: Consumer Trends and Market Forecasts” report has been added to ResearchAndMarkets.com’s offering. Growth is driven by financialinclusion, fintech innovation, and regulatory reforms. trillion by 2027. Mexico 6.4. Argentina 6.5.
With digitalpayments in the Middle East, Turkey, and Africa (META) projected to grow at a compound annual rate of approximately 17.7% from 2023 to 2030, the region’s payment landscape is set for substantial evolution.
Network International (Network), a leading payment solutions provider in the Middle East and Africa, has signed a memorandum of understanding (MOU) with GIM-UEMOA , the regional payment scheme which promotes electronic payments across the banking, financial and public administration sectors in West Africa.
The Algorand Foundation today announced a new strategic partnership with Paycode , a global leader in biometric and offline digitalpayment systems, to advance inclusivefinancial infrastructure across underserved and remote communities.
The Saint James Municipal Corporation and Mastercard have announced the signing of a Memorandum of Understanding (MOU) designed to foster digitalization as a catalyst for financialinclusion in the municipality.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digitalpayment solutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digitalpayments capabilities to provide merchants with a while-labelled digitalpayments platform.
The report highlights key milestones, insights, and the organizations transition into an independent foundation, further strengthening its ability to drive financialinclusion across the continent.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financialinclusion and cross-border transactions, while setting new global standards for innovation. billion crypto, digital assets Nium 1.4 billion payments Coda 2.5 bolttech Valuation: $2.1
In a strategic move to accelerate digitalpayments, financialinclusion, and modernizing the country’s payment ecosystem, BPC , a global leader and payment solutions provider, is announcing the expansion of its operations in Nigeria.
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. In Southeast Asia, digitalpayment transactions are projected to exceed US$1 trillion by 2025.
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.
Visa , a global leader in digitalpayments, convened the Digital Future Forum 2024 in Hanoi, showcasing the latest payment trends and innovations shaping Vietnam’s digital landscape. annually from 2025-2030, further strengthen the digitalpayment landscape. in 2024, rising to 6.5%
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.
Visa (NYSE: V), a world leader in digitalpayments, and MISA , a provider of digital transformation solutions for finance, accounting, and enterprise management, announced a strategic collaboration to empower Vietnamese businesses through comprehensive digitalpayment solutions.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.
Hundis: These were traditional financial instruments, akin to bills of exchange or promissory notes, used for transferring money across distances without physical movement of cash. They were crucial for financing trade routes within India and internationally. Unified Payments Interface (UPI) (2016): The game-changer.
Africas digitalpayment ecosystem is growing rapidly , making innovative and scalable financial products essential for sustained growth. Innovation is not just about building more products – its about solving real customer challenges and making payments more seamless, scalable, and accessible.
Over 350 million adults in Africa live on a cash-only basis ( [link] ), without access to financial accounts, credit cards, or lending facilities. Digital currency systems could prove to be key in improving financialinclusion and opening up new opportunities to large underbanked communities in many African countries.
From open banking to open finance and beyond: The future of financial data-sharing March 18 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about? The evolution of open banking into open finance, examining regional regulatory approaches and adoption trends. Why is it important?
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digitalpayment solutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
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. Cost reduction: Digitalpayments reduce cash handling costs and operational inefficiencies.
Africas digitalpayments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digitalpayments economy is expected to reach $1.5 trillion by 2030.
PayTabs Group , MENA’s award-winning payment orchestration powerhouse today announced the successful acquisition of majority stake in PayTabs Egypt , solidifying its commitment to driving digital transformation and financialinclusion across Egypt.
MTN Fintech users will benefit from a seamless experience accessing both traditional mobile services and innovative digitalpayment solutions. ” The post Network International appointed as Payment Processing Partner by MTN Group Fintech appeared first on FF News | Fintech Finance.
The Somalia Payment Switch (SPS1) has successfully launched the country’s first ever Instant Payment System with QR payments support powered by BPC’s next generation SmartVista platform, a global leader in payment solutions2.
The company is leveraging AI-driven solutions to enhance its offerings in areas like dining, ride-hailing, entertainment, healthcare, and finance. Ant International, the groups global arm headquartered in Singapore, has reported significant growth across its four main business pillars: Alipay+, Antom, WorldFirst, and Embedded Finance.
Many business owners struggle with accounting, budgeting, and cash flow, lacking the expertise and tools to manage finances efficiently. Fintech solutions offer a range of financial management tools that help SMEs track, analyse, and control their finances with ease.
To promote financialinclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. The demand for efficient and user-friendly financial solutions is paramount, especially among the unbanked population, which stands at approximately 40% of the adult population in Peru.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
By displaying real-time rates based on what other users are willing to pay, the platform creates a liquid ecosystem, lowers remittance costs, and empowers users to trade confidently, allowing greater financialinclusion. Juicyway is dedicated to making money transfers easier, faster, and more affordable.
On a wider level, this can contribute to economic growth through fiscal stimulus programs that provide payments to citizens that incentivise socially beneficial behaviour. Close collaboration among participants in this digitalpayments ecosystem is integral to its success – as demonstrated between Episode Six and Secupay.”
Key sectors such as payments, lending, insurtech wealth management and regtech have experienced significant development. Digitalpayments in the country surpassed $6.8billion last year, while fintech sector revenues exceeded $1.6billion. Despite these advancements, challenges such as financialinclusion remain.
Qatar Islamic Bank (QIB), Qatars leading digital bank, has signed a Memorandum of Understanding (MoU) with PayLater , a Qatari fintech company specializing in Buy Now, Pay Later (BNPL) solutions. The post QIB Partners With PayLater to Introduce Sharia-Compliant BNPL Solutions in Qatar appeared first on FF News | Fintech Finance.
Mastercard has once again collaborated with foodpanda, a Delivery Hero-owned online food and grocery delivery platform, to boost digitalpayment in Pakistan and support the nations transition toward a cashless economy. According to data from the State Bank of Pakistan, currency in circulation (CIC) in the country increased by 11.2%
The use of keys and QR codes make the technology accessible to unbanked people and businesses while it adheres to the highest security standards, promoting innovation, financialinclusion and minimising fraud. How is Bre-B building on the success of Pix in LatAm to accelerate financialinclusion?
Tokenisation is now a core enabler of secure, interoperable digital paymentspowering embedded finance, asset tokenisation, and evolving identity flows. Once a system for masking sensitive data, tokenisation has evolved into a foundational technology for enabling secure, interoperable, and scalable digitalpayments.
Eighty-three per cent of firms indicated that digitisation will be key for growth, as they focus on enhancing digitalpayments, financialinclusion and sustainability initiatives. Digitalpayments are no longer a nice to have, but rather a necessity. ” J.K.
The event underscored EFTCorp’s commitment to driving financialinclusion and delivering payment solutions that empower businesses across the region. EFTCorp takes seriously its role as a leader in creating payment systems that enhance customer experience and enable companies’ long-term growth.”
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