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Speaking on behalf of DPI , Adefolarin Ogunsanya praised the company for its “combination of innovative technology, fast growth, and positive impact on the continent.” In the years since then, Moniepoint has grown into an all-in-one financial ecosystem that serves 10 million businesses and individuals.
This collaboration will support fintechs with the expertise, infrastructure, and rapid go-to-market capabilities needed to navigate the complexities of issuing cards unlocking new opportunities for financialinclusion and digital transformation.
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.
Yet, as the country opens its doors to the world with a commitment to sustainability, it is also embracing digital innovation to reshape its financial sector. In terms of financialinclusion, 76 per cent of the population had a savings bank account, and just over one-fifth had access to loans.
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.
The State Bank of India (SBI) has partnered with APIX , a global innovation platform connecting financial institutions and fintechs, to launch the SBI Innovation Hub at the Singapore Fintech Festival. The goal of the hub is to accelerate digital transformation and advance financialinclusion.
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.
Nigerian fintech Moniepoint has secured investment from digital payments giant Visa , enabling it to continue its mission to ensure financialinclusion for people across Africa. “Together, we aim to deepen financialinclusion, enabling SMEs to access the tools and resources they need to thrive in an increasingly digital economy.
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. trillion business opportunity by 2025. trillion business opportunity by 2025.
BKN301 Group , a London-based digital payments and banking-as-a-service (BaaS) solutions company, is organising a series of roadshows to drive financialinclusion. The post BKN301 Group Brings FinancialInclusion to EMEA with Digital Payments Roadshows appeared first on The Fintech Times.
The report highlights key milestones, insights, and the organizations transition into an independent foundation, further strengthening its ability to drive financialinclusion across the continent.
However, the AFC , on its mission to promote a transparent, inclusive, and customer-centric financial system by supporting responsible innovation in financial services and encouraging sound public policy, has taken issue with this proposal suggesting it is overregulating the market, and could potentially impact the freedom of regulation.
In recent podcast episodes, Palmer and his guests have covered topics including the emerging regulatory environment in Europe, the outlook for cryptocurrencies, the opportunities in conversational banking, and the challenge of financialinclusion for female entrepreneurs in the Global South.
Vietnam is undergoing a transformation and moving towards becoming a cashless economy, a shift that has been driven by innovativefinancial solutions and public initiatives, a new report by Chiming, a market research firm focusing on Vietnam and Indonesia, shows. This ecosystem is expanding rapidly. rate in 2023.
As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financialinclusion across the globe. Alana Levine, CRO at Fintel Connect “Financialinclusion starts with access – and that doesn’t always come easily through traditional banks.
Outlined under Decree 94 issued on 29 April, the initiative introduces a regulatory sandbox for fintech innovations in the banking sector, set to begin on 1 July. The pilot is designed to evaluate emerging financial technologies under controlled conditions while balancing innovation with risk management.
It underscores Visa’s commitment to supporting fintech innovation and financialinclusion in the region.” This collaboration integrates Visa’s payment expertise, Cake’s innovative DNA and GC’s secure and scalable infrastructure to deliver a seamless payment experience and operational efficiency.”
HyperPay is a leading company in the financial technology sector, aiming to support the transition to a less cash-dependent society by offering innovative payment solutions and advanced financial services that meet market needs and future aspirations.
The expanded partnership will see the continuation of existing projects, as well as the introduction of new, innovative products and services for Intesa customers. Consumers will also be able to enjoy brand new payments innovations, including wearable technology. Stoppani, Country Manager Visa Italy.
Recognising the need for financialinclusion, the government, in collaboration with the UK-funded DaNa Facility and the United Nations Capital Development Fund (UNCDF) , launched the FinancialInclusion Roadmap in 2013.
Paysend and Mastercard have partnered to launch Paysend Libre in Mexico in a move to drive financialinclusion in a region where the majority of the population is still underbanked or unbanked. Paysend is taking a lead in financialinclusion throughout the LATAM (Latin American) Region with the launch of Paysend Libre in Mexico.
Approving the launch aligns with the Central Bank of Egypt’s efforts to collaborate with more fintechs to provide solutions that advance financialinclusion in line with the Egyptian government’s vision.
I hope that today’s call to action acts as a pivotal moment in driving financialinclusion across the sector. The campaign is also supported by Nationwide, Project Nemo, Innovate Finance, West Midlands Police, and Alzheimer’s Society. Full collaboration from the sector is needed.”
To promote financialinclusion and accessibility, TerraPay , a leading global money movement company, has partnered with Yape , the superapp of Peru. Diverse Functionality: Users can immediately utilize the received funds across various app features, promoting a cashless economy and fostering greater financialinclusivity.
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. million registered users.
By bringing local currencies “onchain,” he said, blockchain technology simplifies onboarding, providing users with seamless access to digital financial systems without requiring them to fundamentally rethink their existing relationship with money. Stablecoins also address financialinclusion challenges.
This collaboration aims to enhance financialinclusion and provide accessible remittance options for individuals throughout the region and beyond. Through this partnership, TerraPay will expand its global network, leveraging NomuPays innovative payout technology and KlickExs established presence across the Pacific.
Nguyen Huu Quang Nguyen Huu Quang, CEO of Cake said, Cake Digital Bank’s significant profitability milestone reflects our unwavering commitment to innovation, customer-centric services, and sustainable growth. Our team’s dedication and customers’ trust have been pivotal in reaching this landmark.
The Future 100 identifies, recognizes, and accelerates the nations most promising Future Economy enterprises, reinforcing the UAEs status as a global hub for innovation-driven businesses. ” Telr’s recognition in Future 100 highlights its commitment to digital transformation and financialinclusion.
10th October 2024 Live Event Linkedin Twitter 'Innovation Driving Growth' A FinTech as a Force for Good Forum Join us for our annual ‘FinTech as a Force for Good Forum’ as we explore FinTech’s role in supporting consumers through economic uncertainty, as well as its ability to help drive forward the wider ESG agenda.
The card allows users to manage various expenses, including e-wallet top-ups and healthcare payments, aiming to enhance financialinclusion in a market with low credit card penetration. Manoj Awasthi Manoj Awasthi, Chief Technology Officer of JULO, said, “This guarantee is the result of robust infrastructure and innovation.
By combining our innovative technologies and digitisation solutions with Network’s deep know-how of this region, we are providing more growth opportunities to the merchants, enabling them to thrive in the digital era.” The ceremony was witnessed by H.E.
The Bank’s fintech investment underscores its commitment to driving digital transformation and fostering financialinclusion across key markets. Bank Alfalah’s equity investment and appointment to Jingle Pay’s Board signal a robust partnership aimed at driving growth and innovation.
This collaboration is designed to enhance the payment experience for merchants and consumers while driving financialinclusion across the region. It empowers merchants with secure and flexible payment solutions that cater to evolving customer preferences, fostering greater financialinclusion.
From digital payments to decentralised finance (DeFi), these companies are solving real-world challenges like financialinclusion and cross-border transactions, while setting new global standards for innovation. Atome Financial specialises in consumer financing, ADVANCE.AI bolttech Valuation: $2.1
The collaboration will advance financialinclusion and contribute to an even more accessible digital economy by facilitating the movement of funds from Jordan to 37 countries. We aim to address existing challenges in cross-border payments and seize opportunities through innovative solutions.
LuLu Financial Holdings , a leading global financial services conglomerate, has partnered with Abhi Middle East Limited to enhance financialinclusion and improve access to timely remittance solutions.
ATMIA selected Atleos for this honor based on these criteria: Long-term Positive Influence on Improving the Industry: Atleos has consistently driven advancements in the financial technology sector, setting new standards for innovation and customer satisfaction. We will continue to innovate and strive for excellence in all that we do.”
PayMint , a leading financial technology company, has announced that it has obtained final approval from the Central Bank of Egypt to launch its first Meeza prepaid cards in partnership with Abu Dhabi Islamic Bank Egypt (ADIB-Egypt).
Additionally, the supportive regulatory environment established by the Bank of Ghana and the Ghana Digital Agenda has created an attractive market for fintech innovation. This approval is a testament to our ongoing commitment to supporting financialinclusion and economic growth in Africa.
The partnership will also explore innovative ways to digitise municipal services, including initiatives to expand access to finance and equip SMEs with business credit cards for more effective cash flow management. The collaboration aims to foster ongoing cooperation and innovation in the public sector.
The financial industry is heavily regulated, for good reason. However, strict regulations can sometimes stifle innovation, especially for fintech startups trying to disrupt the status quo. They are one of the most important tools regulators have introduced to support responsible financialinnovation.
These services aim to support businesses of all sizes, particularly small and micro-sized enterprises (SMEs), in their digital transformation and financialinclusion efforts. Yang Peng “We believe travel, trade, technology and talent are key drivers for inclusive and sustainable growth across nations and industries.
In a significant move towards enhancing digital financialinclusion, Salaam Somali Bank , in collaboration with Mastercard , has announced the launch of a digital-first co-branded multi-currency prepaid card designed to revolutionize digital payment solutions. Together, we are not just adapting to the future; we are defining it.”
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