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As the artificial intelligence revolution reshapes industries at an unprecedented pace, AIsa announces the launch of its revolutionary payment infrastructure tailored to the unique needs of the AI economy. Scalability Issues: AI systems demand thousands of transactions per second, far beyond current capacities.
This initiative aligns with the Qatari Government’s vision of digitalising payments, enhancing electronic banking services, and advancing the shift towards a cashless society. As we progress, we remain dedicated to working closely with Doha Bank to further tailor our services to meet the growing needs of the local economy.
Consumers, businesses, and governments can use Visa Direct to deposit funds to bank accounts linked to eligible debit cards in real-time1. In addition to enhancing the cardholders experience, this update opens new avenues for businesses and governments to grow and thrive. Faster Payments Council (FPC).
Singapore currently stands as the regional leader, or Champion, with exemplary ratings in market maturity and government initiatives. Regional integration is playing a key role, with governments accelerating their efforts to enhance cross-border commerce and digital economy participation.
Vietnam’s digital economy is rapidly expanding, reaching a value of US$30 billion in 2023 and projected to increase by 20% to hit US$43 billion by 2025. points from 2022 to 2023.
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. These platforms are bridging credit gaps, playing a crucial role in the supporting local economies.
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.
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. In Singapore, the government-backed API Exchange is promoting API standardisation. In 2023, credit card payments comprised 52.2%
This isnt just a story of success; its a wake-up call for an industry that can no longer rely on yesterdays strategies to meet tomorrows demands. Vietnam: Asias Fastest Growing Digital Economy Source: Unsplash Vietnams banking evolution doesnt exist in isolation; its fueled by the extraordinary pace of the nations digital transformation.
Their substantial investment will not only help create tech-savvy jobs but underscores their confidence in the UK economy. This government is laser-focused on supporting business growth and expansion. The UK’s open economy, mature consumer market, and world-class talent makes it the perfect place for the next phase of Affirm’s journey.
The move supports Vietnams growing demand for digital and contactless payments, particularly among younger, tech-savvy users. Isaac Lee “With QR code payments being commonplace in Vietnam for years now, the community views mobile contactless payments as an innovative evolution paving the way for a more cashless economy.
This distinction is critical in cash-reliant economies across the Caribbean and parts of Asia. Many CBDC designs demand certified hardware, regulated wallet providers, or integration with legacy financial systemsrequirements that can deter participation, especially within informal economies.
When it’s said and done there was only one story that mattered in the retail universe this year and it was the rise of the digital-first economy. eCommerce spiked because consumers demanded it and drove it. One was driven by demand; the other was driven by necessity. The numbers speak for themselves. D2C Explodes.
Small and medium enterprises (SMEs) are the backbone of emerging economies. In many regions, they create jobs, drive innovation, and stimulate local economies. This model enables SMEs to receive funds quickly, improving their ability to respond to market demands or cover urgent expenses.
2) Digital Assets: A Borderless Economy Digital assets are revolutionising how value is stored and transferred, offering continuous access to capital while bypassing traditional barriers. Pathway 2035 is a work in progress, shaped by challenges and opportunities that demand resilience and adaptability. Carstens and N.
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Despite these advancements, many firms still rely on outdated payment systems and technologies that cant meet the market’s growing demands. As digital assets continue to gain traction, payment networks must evolve to accommodate rising transaction volumes, evolving regulatory frameworks, and the growing demand for real-time settlement.
The federal government is not exactly the poster child for modern payments distribution. The fact that the government needs to immediately modernize its payments capabilities is something that everyone knew, according to Ingo CEO Drew Edwards – but what has escaped the conversation is the need to identify the actual core problem. “The
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Fueling fintech growth through financial support and talent development 2024 also saw the Singapore government launch several initiatives to solidify its global fintech leadership. Expanded SkillsFuture initiative: This initiative focuses on upskilling the workforce to meet the evolving demands of the fintech industry.
In the last five years, Sri Lanka’s economy has struggled greatly. Furthermore, there were major tax cuts which further dampened much-needed government revenues. The post Sri Lanka On the Road to Recovery: Fintech’s Impact on the Economy appeared first on The Fintech Times.
Whether or not the worst is yet to come, organizations and government agencies (especially those responsible for critical infrastructure) must be ready for a potential escalation in cyberattacks, as well as consumer and stakeholder demands for privacy protections.
Changing Tides The tech sector really took off during the COVID-19 pandemic, with companies hiring aggressively to keep up with the surge in demand for digital products and services. Pandemic Over-Staffing During the pandemic, many tech companies went on a hiring spree, believing the surge in digital demand would last.
Key trends will include the acceleration of cross-border, real-time and instant payments and the rise of cashless economies. billion unbanked individuals globally, enabling participation in the formal economy and accelerating the transition to cashless societies.” billion users by 2025, nearly 60% of the global population.
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.
businesses and individuals to avoid storing data with Chinese companies due to the risk the country's government will demand and receive access to commercially valuable information. government and U.S. economy and businesses at direct risk for exploitation. The federal Department of Homeland Security is urging U.S.
It highlights how industry leaders are prioritising AI, cross-border payments, and digital currencies while grappling with regulatory, technological, and customer demands. 2025 payments outlook: Key findings from industry-wide survey data 28 April 2025 by Payments Intelligence LinkedIn Email X WhatsApp What is this article about?
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. This portal enables individuals, government entities and businesses to electronically access various services provided by SAMA.
Over the past year, the company has grown rapidly beyond its Latin American roots, launching in key Asian markets and other regions to meet rising demand for its platform. This move comes as part of Yuno’s broader international expansion strategy.
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 economy today is tech-driven and payment methods are a key part of that paradigm. Primary Use Cases : CBDCs are designed to enhance financial inclusion, streamline payments, and provide a government-regulated alternative to cryptocurrencies and private digital payment providers. They remain a staple payment method globally.
Over the past 75 years, South Korea’s economy has boomed, undergoing rapid industrialisation with a growth rate of seven per cent annually, according to the International Monetary Fund. Having earned its spot as one of the Four Asian Tigers, we explore what is propelling South Korea’s economy and fintech ecosystem.
It's kind of an on-demand working capital solution,” he said. “If In the first few months of the pandemic, Brachfeld said he saw a spike in demand for early payments alongside heightened worries about the economy, as well as an increase in “goodwill” by businesses wanting to help out their suppliers. If you need it, you use it.
Australian challenger bank Judo will now have an extra $500 million to distribute in loans to small businesses amid the coronavirus pandemic, coming directly from the government, The Sydney Morning Herald reported. Hornery said the bank’s demand was high and their deposit book currently sits at $1.4
We are seeing strong adoption and demands for wallets like PayPal, Alipay, and WeChat Pay as they have evolved from basic payment tools to comprehensive financial ecosystems. Digital wallets are expanding faster than financial oversight can keep up, forcing governments to scramble for new safeguards without choking innovation.
The investment aims to address the increasing demand for cloud services in Southeast Asia. This expansion follows an agreement with the Thai government in 2023, which outlined plans for digital infrastructure development, responsible AI adoption, and accessible digital skills.
This unprecedented growth has created vast opportunities for businesses while simultaneously generating complex fraud ecosystems that threaten sectors across the digital economy. Technology must be part of a wider strategy that includes governance, user design, and operational readiness.
In a new 2025 report, ‘ Trust in the Digital Economy ‘, Checkout.com reveals that 49 per cent of the UK population believe that the future of secure payments online will use digital ID as verification. The findings come as the UK government explores plans to develop digital ‘ Britcard ‘ ID cards.
Amazon Web Services (AWS) announced that it is set to invest an additional S$12 billion into Singapore’s cloud infrastructure by 2028 during the 10th AWS ASEAN Summit , aiming to bolster its services amid increasing demand. aligning with the government’s S$1 billion investment in AI.
But these opportunities are accompanied by mounting risks around data governance, security, and regulatory fragmentation. In Brazil, open finance frameworks are unlocking credit access for gig economy workers and SMEs, groups often overlooked by conventional scoring models. Regional approaches are diverging.
Platform economies want to make it easy for consumers to join. Stephen Ritter , CTO at Mitek , told Karen Webster in an interview that the sharing economy presents easy targets for fraudsters — and lucrative ones, too. Within certain verticals of the sharing economy, there is mounting pressure to ratchet up security.
The introduction of the Digital Assets Bill and the Financial Conduct Authority (FCA)s ongoing efforts to regulate cryptoassets demonstrates the regulator’s intentions to further define just how digital assets are governed and traded. Why is it important?
The Indonesian government has also played a critical part in fostering digital payments. E-wallets gain momentum in the Philippines amid financial inclusion efforts In the Philippines, e-wallet adoption has surged due to the country’s large unbanked population and ongoing efforts from the government to improve financial access.
” As tokenization gains momentum across industries, institutions need to be able to identify and manage potential operational vulnerabilities in digital finance effectively said Rajeev Bamra, Head of Strategy, Digital Economy at Moody’s Ratings. Contact Renjie Butalid VP Business Development Metrika renjie@metrika.co
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