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With a series of organisational and strategic upgrades in 2024, Ant International , a leading global digitalpayment and financial technology provider, reported robust growth over the past year among all its four pillar businesses, Alipay+ , Antom , WorldFirst and Embedded Finance.
Having explored some of the biggest financial inclusion hurdles in digital banking, we now turn our attention to why it is so important that these challenges are overcome. Digital banking can be a great way to facilitate access to finance for those who would otherwise be unbanked.
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.
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 financial inclusion challenges with 820 million unbanked and 1.8 billion underbanked adults.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
From digitalpayments to decentralised finance (DeFi), these companies are solving real-world challenges like financial inclusion and cross-border transactions, while setting new global standards for innovation. Company Valuation ($) Segment Advance Intelligence Group 2 billion AI-driven fintech and digital lending bolttech 2.1
Despite their significant contributions to GDP and employment, SMEs in emerging markets remain underserved by traditional banking. Many business owners struggle with accounting, budgeting, and cash flow, lacking the expertise and tools to manage finances efficiently. Fintech companies see this gap as an opportunity to innovate.
From riverside camps in the Northeast to homestays nestled in the Himalayas, the rise of UPI and other digitalpayment systems has opened new doors for travelers and small tourism operators alike. The Digital Leap into India’s Travel Heartland For decades, rural tourism in India remained a cash-first, often cash-only ecosystem.
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?
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.
In Cambodia, booming adoption of digitalpayments is driving a surge in e-commerce activity, with QR code payments and more broadly the Bakong real-time payment system gaining significant traction, according to a new report by Profitence, a corporate finance firm-based in Cambodia.
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.
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.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
The Algorand Foundation today announced a new strategic partnership with Paycode , a global leader in biometric and offline digitalpayment systems, to advance inclusive financial infrastructure across underserved and remote communities.
The expansion will enable Italian businesses to access a single platform designed to simplify payment processing, reporting and fraud prevention. The company’s entry into Italy marks a strategic move into the fourth-largest eCommerce market in Europe, addressing a fast-growing segment that remains underserved by legacy payment providers.
They were crucial for financing trade routes within India and internationally. Aadhaar Enabled Payment System (AePS) (2014): Leveraged Aadhaar biometric identity for financial inclusion, allowing basic banking services through biometric authentication at agent points. Unified Payments Interface (UPI) (2016): The game-changer.
The State Bank of Pakistan (SBP) has awarded Mashreq Pakistan a restricted license for pilot operations as part of the government’s strategy to unlock Pakistan’s digital potential and provide greater access to financial services to underserved consumer groups.
Financial inclusion is not just about facilitating transactions; it is about providing the infrastructure, rules, and governance that enable individuals and businessesespecially women and underserved communitiesto participate fully in the digital economy.
Unipaas , the go-to embedded payments provider for SaaS platforms, has announced it is partnering with Mastercard to increase card acceptance for SMEs using vertical SaaS platforms where payments are still predominantly manual and offline.
Jeff Parker, CEO, says, “Digitalpayments will continue to grow rapidly, with mobile wallets expected to reach 4.8 Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. This will help create digitalpayment ecosystems that can reach the 1.4
Headquartered in Singapore with more than 30 offices worldwide, Ant International provides cross-border digitalpayment, commerce, and financial services through four business units. This includes Alipay Plus (wallet gateway services), Antom (merchant payments), WorldFirst (cross-border business accounts), and Bettr (embedded finance).
First-Mover Advantage: Banking’s AI Head-Start Banking (often grouped with finance/insurance) figures prominently among the industries with the highest AI adoption. Another survey of AI-savvy firms found that industries that underwent early digital disruption (e.g. finance, tech) have been quicker to adopt GenAI as well.
1 Like 0 03 July 2025 Be the first to comment Nikunj Gundaniya Product manager Digipay.guru Location Ahmedabad Followers 12 Opinions 67 Follow Unfollow Your customers expect quick, secure, and smooth digitalpayments. If you want to store user funds, own the customer lifecycle, and serve underserved markets, eWallet is your move.
Yape, launched in 2017, has emerged as a critical tool for managing everyday finances, boasting over 16 million users and 13 million monthly active users, who engage in an impressive average of +40 transactions each month. Yape is a popular digital wallet and mobile payment app in Peru, developed by Banco de Crédito del Perú (BCP).
Liberis , a global embedded finance platform, has partnered with Fincompare , the German small business broker marketplace, to bring its revenue-based financing solution to over 25,000 small and medium-sized businesses (SMBs) across the country.
Payments as an industry is finally beginning to reflect the diversity of peoples preferences around the world. So far the EPI has excelled in laying the groundwork for this payments evolution by clearly articulating its vision and aligning strategically with the key pillars of ecommerce. And thats a really positive development.
We saw 2000 per cent growth in personal finance customers across 2024 emphasising the appeal of the personal banking solution to consumers. Our simplified onboarding process and supportive distribution system, which relies on local presence and agency banking support to provide digitalpayment solutions, meets them where they are.
Through the introduction of Earned Wage Access and Send Now, Pay Later in the UAE, we aim to address real-world financial challenges, offering tools that empower individuals to take control of their finances. The post UAE Financial Group Expands Its Operations With ABHI appeared first on FF News | Fintech Finance.
As bank branches close and digitalpayments become the norm, many find themselves excluded from basic financial services. The Payments Association, at the heart of the UKs payments industry, promotes innovation and collaboration. The scale of this problem in the UK is significant – 1.5
Although securities trading is still relatively new in Vietnam, more users are turning to wealthtech and investment platforms, signaling growing interest in digitalfinance. Today, digitalpayments, including bank transfers, cards, QR codes, are the norm,” he said. Back in 2017, cash dominated all transactions.
This collaboration is part of a broader effort to put a spotlight on the millions of customers that Paysend is proud to serve, delivering Simple Money Transfer solutions to all, including the underbanked and underserved, and transforming lives through quick, secure, and affordable money transfers.
The goal of this partnership between the top Spanish-language media company and the global payments provider is to give people in underserved areas fast, low-cost cross-border money transfers. The Paysend TelevisaUnivision partnership marks a strategic effort to make it easier for people in Latin America to get money.
Australia and New Zealand, Zip is reinventing consumer finance with innovative, flexible, and accessible solutions that empower users to confidently manage their spending, unexpected bills, and purchases. The post Zip Announces Partnership with GameStop appeared first on FF News | Fintech Finance. million active customers and 81.9K
Subscribe to FinTech Weekly's newsletter Read by executives at JP Morgan, Coinbase, Blackrock, Klarna and more The Subtle Complexity of Building Fintech for the Underserved For more than a decade, "small business empowerment" has been a rallying cry in fintech. We're still in the early innings of embedded finance.
EU carbon quotas) to offer tailored ESG-linked financing options for fleet modernization. A bank that analyzes container movement patterns, port congestion indices, and regional customs regimes can help shipping clients reroute financing schedules dynamically. interest rate cycle shift—before it impacts client payments.
The company, which is headquartered in Paris, currently holds a payment institution license. ” Qonto offers a B2B account for finance management that provides businesses with automated tools to help them manage their finances, adhere to regulations, and make better financial decisions. .
Rellevate’s leading digital banking, disbursements, and wallet solutions are designed to unlock access to payments technology for underserved communities. Lucie Public Schools, and Foster Care Agencies with a first-of-its-kind digital wallet solution, among many others.
Visa is collaborating with the GSMA Mobile for Development Foundation to launch the DigitalFinance for All (DFA) initiative. The initiative comes in response to the rising usage of digitalpayments in low- and middle-income nations, which has increased by 66% since 2014.
This collaboration, one of the largest of its kind in the region, is set to enable millions of Orange Money wallet holders to access digitalpayments through Mastercard’s global network of merchants by 2025.
Stem’s target client base, said Rabkin Lewis, consists of “not just the artists, but also their management teams, the labels that work with and all the various collaborators, songwriters, producers … all of them are part of a population of creators that we see as being underserved by financial tools and technologies.”.
As part of this collaboration, NOW Money customers will be issued a Mastercard payment card, providing them with secure, seamless, and convenient access to their finances and enabling them to reap the benefits of the digital economy.
The Principal licence also enables Pyypl to issue virtual and physical prepaid Visa cards, through its accessible mobile application, directly to its hundreds of thousands of active users – elevating its users from cash, mobile money and being financially underserved to the world of digitalpayments.
KaiOS , the leading operating system that brings the best of the internet to affordable devices, today announced a partnership with Mastercard to integrate a range of digitalpayments solutions. This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth.
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