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Mastercard and National ITMX Extend Partnership to Improve PromptPay Capabilities in Thailand

The Fintech Times

This reflects the country’s improving financial inclusion and widespread adoption of PromptPay as a ubiquitous payment method for everyday transactions among individuals. Government payments can be made by registering a Citizen ID and individuals can split the cost of a meal by simply using a phone number to transfer funds.

Visa 49
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5 Key Takeaways from Trump’s Payments Modernization Initiative

Finovate

. “President Trump is cracking down on waste, fraud, and abuse in government by modernizing outdated paper-based payment systems that impose unnecessary costs, delays, and security risks,” the Fact Sheet said. The move will ultimately bring stricter standards to government payments and will help foster consumer trust.

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Colombia using instant payments to drive financial inclusion amid the pandemic

Payments Source

Transfiya, a blockchain-based funds transfer system, is transforming payments in Colombia for the benefit of underbanked and financially excluded consumers.

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Pakistan Launches Payment System To Boost Financial Inclusion

PYMNTS

Pakistan has debuted a government-run instant digital payment system to help with financial inclusion and government revenue, Reuters reports. Pakistan has the distinction as a country where only some economic transactions happen on the books.

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Financial Inclusion: Accelerated, Collaborative, Mobile and Global

PYMNTS

Financial inclusion is no mere buzzword in financial services. In an interview with PYMNTS, Eddie Grobler, executive vice president of ACH Systems and Integration with Vocalink , noted that financial inclusion can help individuals, families and businesses find surer financial footing on a day-to-day basis.

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Visa and TECH5 Team Up to Advance Global Digital Government Ecosystems

The Fintech Times

Digital payments company Visa has teamed up with TECH5, a biometrics and digital identity management company, to focus on the development and enhancement of digital government ecosystems on a global scale.

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Visa announces strategic collaboration with TECH5 to Advance Digital Government Ecosystems

Fintech Finance

a world leader in digital payments and TECH5 , an innovator in the field of biometrics and digital identity management, have signed a strategic collaboration agreement focusing on the development and enhancement of digital government ecosystems on a global scale. Visa Inc.,