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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. Over 80% of these correspondents work in Tier 3 and beyond towns.
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.
BKN301 Group , a London-based digitalpayments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financialinclusion. The events aim to educate local stakeholders on the potential of advanced digitalpayment solutions tailored to meet diverse market needs.
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.
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.
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. Latin America Payments Market Overview 3.1.
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 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. MSMEs constitute the spinal structure of our local economy. .
The National Bank of Cambodia (NBC) today marked the official integration of the Bakong Tourists app with Visa , expanding digitalpayment options for international visitors. Chea Serey, brought together about 300 participants, including representatives from government ministries, international payment firms, and private companies.
Payments giant Mastercard is joining forces with Ethio Telecom , a telecommunications service provider in Ethiopia, in a move to enhance financialinclusion and wealth creation in East Africa. Mastercard processes payment volumes exceeding $6.5trillion annually with over three billion cards in circulation.
Nigerian fintech Moniepoint has secured investment from digitalpayments giant Visa , enabling it to continue its mission to ensure financialinclusion for people across Africa. “Visas investment in Moniepoint is the latest example of our long-standing commitment to advancing digital economies in Africa.
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.
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.
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. CEO Linda Yaccarino framed the move as a leap forward, but the real story is bigger: tech giants are no longer just facilitating payments, theyre actively reshaping the financial industry.
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. E-wallets followed at 31%, ahead of bank cards at 18%. rate in 2023.
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. “Paycode is already reaching some of the most difficult places to serve.
Mexico in Focus: Open Banking and FinancialInclusion A briefing for banks and fintechs, with key insights and details of the opportunities available in LatAm’s third-largest nation. Open Banking represents an important possibility for both financial institutions and the Mexican population.
Paysend , the global Financial technology company, has teamed up with the world’s largest Spanish-language media network, TelevisaUnivision to launch a new campaign spotlighting the real people who are behind cross-border payments — construction workers, small business owners, and everyday families.
AfricaNenda Foundation has released its 2024 Annual Report, marking a significant year of transformation and impact in its mission to accelerate access to inclusive instant payment systems (IIPS) across Africa. Providing technical expertise, capacity building, and advocacy to policymakers, financial institutions, and payment providers.
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
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 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. At the heart of this effort is Paysend’s mission to break geographic, financial, and digital barriers.
A new whitepaper titled The Future of Global Payments & Fourth Generation Payment Networks (4GPN) has been jointly released by the Thunderbird School of Global Management and fintech firm Wiseasy. The global digitalpayments market is expected to grow from US$10.18 trillion in 2024 to US$32.07
Payment trends in Asia are changing how businesses and people transact from the digital-first economies of China and Singapore to the quickly changing markets of Indonesia and Vietnam. The shift toward digitised payments brings heightened concerns about cybersecurity, fraud, and regulatory compliance.
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%
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. billion adults worldwide remain unbanked. trillion business opportunity by 2025.
Network International, a digital commerce player in the Middle East and Africa (MEA), has partnered with global digitalpayment provider Ant International to bring expanded digitalpayment options to businesses across the region. Alipay+ currently connects over 30 digitalpayment methods across the world.
The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.
Intesa Sanpaolo and Visa have renewed their multi-year strategic partnership agreement, to accelerate the digital transition and encourage the growth of digitalpayments. Consumers will also be able to enjoy brand new payments innovations, including wearable technology. Stoppani, Country Manager Visa Italy.
Payments innovation in Indonesia holds significant promise for contributing to the nation’s economy and helping bring about a more inclusive, accessible, and equitable financial system. But with about 50% of the population still unbanked, the sector is poised for greater growth.
To promote financialinclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. Yape is a popular digital wallet and mobile payment app in Peru, developed by Banco de Crédito del Perú (BCP).
Network International (Network) ( www.Network.ae ), a leading enabler of digital commerce across the Middle East and Africa (MEA), has been appointed as a Payment Processor – Issuing partner for MTN Group Fintech, Africa’s leading mobile financial services provider.
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 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 demand for secure, fast, and modern payment solutions has been pressing.
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.
Network will also introduce Alipay+ payment solutions to the online platforms it supports in this region, providing consumers a combined online and offline seamless QR code payment experience by using their home e-wallets or preferred digitalpayment methods. The ceremony was witnessed by H.E.
UPI is revolutionising cross-border payments, expanding Indias digitalpayment influence through global integration, regulatory reforms, and strategic partnerships. The introduction of the unified payments interface (UPI) in 2016 marked a transformative shift in India’s digitalpayments landscape.
Digitalpayments have seen tremendous growth across 2024, and looking to keep this trend going in Italy and beyond, Italian international banking group, Intesa Sanpaolo has renewed its multi-year strategic partnership agreement with payments giant, Visa. Stoppani , country manager Visa Italy.
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.
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.
The economy today is tech-driven and payment methods are a key part of that paradigm. From traditional options like credit cards to emerging solutions such as cryptocurrencies and biometrics, each payment method comes with unique advantages that cater to varying consumer needs. They remain a staple payment method globally.
Southeast Asia’s e-wallet landscape is a vibrant yet chaotic arena, shaped by rapid digital adoption, fierce competition, and an unrelenting push for financialinclusion. Nikkei Asia projects that the ASEAN digitalpayments market could reach US$2 trillion by 2030 , underscoring the massive opportunity.
Financialinclusion is a critical issue, but simply providing access to financial products isn’t enough. True inclusion requires financial literacy, empowering individuals to make informed decisions. AI’s ability to revolutionise money management is undeniable.
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