This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
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.
The regions strong fundamentals, coupled with a growing digital economy, promise continued growth and innovation in the coming years, a new report by Royal Park Partners (RPP), a fintech-focused corporate finance advisory firm, says. billion underbanked adults.
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.
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.
Western nations have imposed various sanctions on the ruling junta, including restrictions on their access to financial services. Agriculture, however, remains the largest contributor to the economy, accounting for nearly half of the GDP and employing two-thirds of the labour force.
Simon Baptist, Principal Economist, Visa Asia Pacific, added: Vietnam’s economy will yet again be one of Asia’s fastest-growing in 2025. Visa is committed to innovative solutions that support this evolving landscape, helping businesses and consumers thrive in the digital economy. in 2024, rising to 6.5%
They were key contributors in a panel at the Singapore Fintech Festival , discussing the role of profitable scalability in financialinclusion. The firm has a robust presence in the Philippines and Indonesia, Southeast Asia’s largest economy, as well as in other rapidly-growing economies like Nigeria and Kenya.
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. Indonesia also has the largest digital economy in Southeast Asia, a sector that reached a gross merchandise value of US$82 billion in 2023.
Visa Cloud Connect allows financial institutions to securely connect to the Visa network via participating cloud-based infrastructure, simplifying and accelerating access to Visa’s global payment network. It promotes operations-driven sustainability and scalability to meet demand and adaptability for future payment innovations and growth.
Fratini Passi, with 30 years of expertise in financial technology, strategically steers CBI’s developments. For The Fintech Times , she discusses how CBIs recent initiatives are integral in refining financial services to meet the challenges of todays digital economy, focusing on operational flexibility and enhanced security.
Andrew McCormack, Chief Operating Officer at Al Etihad Payments, said: “We are delighted to onboard Mashreq as a provider of the innovative Aani Instant Payment solution – bringing intuitive, secure, and inclusive digital payments to small-scale merchants and their customers.
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. This article explores five key trends changing how we pay today while pushing the narrative for a more efficient, powerful financial ecosystem in Asia.
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. Our growth in a short period of time reflects the underlying demand for better global payments.
By leaning heavily on custodial models and surveillance-driven frameworks, many central banks are limiting the utility and inclusiveness of CBDCs. However, this has sparked criticism that these systems strip users of financial autonomy and introduce unnecessary friction. Tokens, by contrast, represent value independently of identity.
These old-school platforms were never designed to meet the demands of todays always-on, customer-centric banking environment. Asia-Pacific: The Nucleus Change The Asia-Pacific region is home to some of the most advanced and dynamic digital economies in the world. Strategic planning and long-term vision are therefore essential.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
Leveraging technologies like advanced data encryption, the company aims to power faster digital payments and help advance the UAE’s cashless economy. “We We are thrilled to receive this approval which allows us to bring our vision for Comera Pay to life,” said Akhtar Saeed Hashmi, MD of Comera Financial Holding. “By
The acquisition of the licenses by the newly formed Thunes Financial Services LLC entity, is a strategic differentiator in allowing Thunes to deliver its comprehensive Pay and Accept suite of services directly to corporates, merchants and digital platforms across the U.S. Securing U.S. Combined with Thunes’ SmartX Treasury system, U.S.-based
In 2023, Peru received approximately $4.4billion in remittances, supporting the demand for streamlined, efficient money transfer options. The partnership aims to broaden financialinclusion as well as improve access to remittances by enabling funds sent via TerraPay’ s network to be received directly within the Yape app.
With Mastercard’s Pay on Demand platform, people get improved access to financial services and other offerings, which drives financialinclusion and can bring about improved economic possibilities for individuals and businesses.
In todays fast-paced digital economy, customers expect seamless and instant payment experiences to meet them where they are. Checkbooks new integration addresses this demand by providing businesses with a streamlined solution to disburse funds directly to the widely used PayPal and Venmo platforms.
Named Africa’s fastest-growing fintech company by the Financial Times for two years running, Moniepoint has secured investment from major players including payment giant Visa and tech behemoth Google. to provide infrastructure and payment solutions for banks and financial institutions. Huge, for both businesses and individuals.
It is aimed at financial institutions of all sizes, particularly those seeking to upgrade infrastructure quickly without compromising on scale or security. Scotty Perkins We built ACI Connetic to give banks a future-proof foundation to meet the ever-increasing demand for faster, smarter and secure payments.
Small and medium enterprises (SMEs) are the backbone of emerging economies. In many regions, they create jobs, drive innovation, and stimulate local economies. Yet, they often face financial challenges, struggling to access credit, manage cash flow, and navigate complex financial systems.
By providing seamless, secure, and real-time payout capabilities, were empowering merchants with the agility to thrive in this fast-evolving landscape, while effectively meeting the growing consumer demand for speed and convenience, noted Remo Giovanni Abbondandolo , general manager for MENA at Checkout.com. ” Why Visa Direct?
Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. The growing adoption of mobile and internet technology and rising consumer expectations for instant payment experiences will drive financialinclusion forward.
In the last five years, Sri Lanka’s economy has struggled greatly. Back in 2012, Sri Lanka had the highest financialinclusion rate in South Asia with two-thirds of its population having access to formal financial accounts. From being one of the strongest markets in South Asia, it has since fallen from grace.
For the first time in the industry, ACI Connetic brings together account-to-account (A2A), card payments and AI-driven fraud prevention on a unified cloud-native platform – making it simpler, faster and more cost-effective for banks and financial institutions (FI) to modernise their payments infrastructures.
As part of its continuous commitment to supporting the region’s surging digital economy, MiFinity has launched Rabbit Line Pay in Thailand alongside LinkAja and direct bank transfer in Indonesia, with more payment methods slated for integration throughout 2025.
Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financialinclusion and enhancing economic stability. The demand for secure, fast, and modern payment solutions has been pressing.
With digital banking, mobile payments, and fintech regulation at the forefront, this event connects 500+ financial leaders, policymakers, and innovators. Topics will range from Central Bank Digital Currencies (CBDCs) to financialinclusion and AI-driven banking solutions.
Improving financial access Instapay Technologies focuses on financialinclusion for unbanked workers by providing accessible and convenient financial solutions. Through its technology-driven approach, Instapay aims to improve financial access and well-being for underserved communities.
This integration of Google Pay into Saudi Arabia’s payment options aims to address market demands and bolster the countrys position in the global fintech landscape. Google Pay will provide a secure method for users to make purchases in stores, through apps, and online, facilitating the management and addition of cards via Google Wallet.
This period of upheaval has catalysed a significant transformation within the sector, with fintech firms adapting to and capitalising on the changing landscape of consumer demands and regulatory environments. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth.
With the rising demand for fast, secure, and efficient payment solutions, this partnership bridges key gaps in financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy. “At PayPal, were committed to changing that.
Initiatives like QRIS (Quick Response Code Indonesian Standard), a national standard for QR code payments launched in 2019, have allowed for standardization, making it easier for businesses and consumers, while collaboration between the government and fintech firms have helped enhance financialinclusion through clear regulations.
This report provides a comprehensive analysis of the key trends defining the payments sector in 2024, highlighting the opportunities for strategic growth, as well as the challenges posed by regulatory pressures, financial crime, and evolving infrastructure demands.
With rising demand for fast, secure, and efficient payment solutions, this partnership bridges key gaps in financial connectivity and infrastructure readiness, enabling millions of individuals and businesses to engage more fully in the global economy. billion USD in 2025 and is expected to reach $422.56 billion USD by 2030.
This centralised API marketplace simplifies data access, supporting Alinma’s role in Saudi Arabias digital economy and aligning with its 2025 Transformation Strategy to create new revenue streams and offer advanced digital solutions.
This foundational technology is reshaping how identity, consent, and value are managed in the digital economy, from safeguarding transactions to enabling new economic models. However, with its growing role comes increasing complexity, particularly in terms of integration, regulation, and the architecture of future payment flows.
The Mastercard Ghana Fintech Forum aimed to address these issues, fostering engagement and innovation to drive financialinclusion. “At At Mastercard, we believe in the power of collaboration to overcome unique market challenges, drive innovation, and foster growth in the financial sector.
With a robust community of technological innovators, and a drive toward the digital economy, India currently stands as an exciting market in FinTech. The second piece to this puzzle is on-demand finance, which Mittal said is severely lacking in India. Building Financial Trust. Addressing The Digitization Gap.
Embrace FinancialInclusion One of the key drivers behind the success of Nubank has been its unwavering commitment to financialinclusion — a major focal area for APAC digital banks as well. This presents a massive untapped market for digital banks willing to prioritise financialinclusion.
The COVID-19 pandemic has reshaped industries and economies worldwide. Cash Usage Decline : The World Bank reported that cash usage in advanced economies declined by nearly 50% during the pandemic, with consumers opting for digital and contactless payment methods instead. in 2020, reaching $4.28 billion in 2022, up from $7.5
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content