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
With 44% of UK adults facing financial vulnerability, a national strategy seeks to close the gap through policy, innovation, and education. In December 2024, HMT announced the appointment of a FinancialInclusion Committee, tasked with advising the government on developing the first-ever National FinancialInclusion Strategy.
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. With a GDP per capita exceeding $3,100, higher than that of many South Asian neighbours, the country has resisted rapid technological adoption.
Speaking on behalf of DPI , Adefolarin Ogunsanya praised the company for its “combination of innovativetechnology, 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.
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.
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 (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.
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.
Its modern architecture incorporates Google Cloud technologies such as GKE Enterprise and BigQuery to optimise scalability and efficiency. It underscores Visa’s commitment to supporting fintech innovation and financialinclusion in the region.”
Saudi Arabia for Information Systems Technology to operate digital payment services via an electronic wallet in the Kingdom. He also emphasized the companys commitment to innovation by developing advanced financial services, which supports national economic growth by facilitating payment processes and simplifying business transactions.
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.
Ecobank Group and Google Cloud have announced a strategic collaboration to improve financialinclusion and digital innovation across Africa. The Ecobank Google Cloud partnership brings scalable technology to the forefront of financial services on the continent.
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.
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.
Over three million migrant workers living in Malaysia will now be able to remit funds to their home countries in local currencies in near real-time, following a new partnership between Instapay Technologies , the digital payment platform, and payment juggernaut, Mastercard.
Marking a pivotal point, Indonesias efforts underscore its drive to harness digital technologies for modernising payment systems while safeguarding financial stability and promoting inclusivity. Furthermore, the project aligns with broader economic goals by fostering financialinclusion and supporting sustainable growth.
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 EMEA region is home to a highly dynamic and tech-savvy young population that is eager to leverage the potential of the latest technologies. .
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 financialtechnologies under controlled conditions while balancing innovation with risk management.
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 Nium Valuation: $1.4
Flutterwave , Africa’s leading payments technology company, has announced its approval to provide inward remittance services to Ghana, granted recently by the Bank of Ghana. This approval is a testament to our ongoing commitment to supporting financialinclusion and economic growth in Africa.
In a strategic move to accelerate digital payments, 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. To spearhead its operations in Nigeria, BPC welcomes Dapo Adeosun as Managing Director, Nigeria.
A Tracxn Technologies report highlights that the Southeast Asia fintech ecosystem experienced its zenith in 2021, marking the highest annual equity funding in the last decade. The steady migration to digital financial services, further accelerated by the pandemic, has solidified fintechs role in SEA. Unicorns in the Drought?
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.
Paysend , the global Financialtechnology 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.
The paper outlines how emerging technologies such as IoT, blockchain, cryptocurrency, and cloud computing are converging to transform the digital payments industry, with Fourth Generation Payment Networks (4GPN) playing a central role. The global digital payments market is expected to grow from US$10.18 trillion in 2024 to US$32.07
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. This innovation brings speed and security to daily transactions, empowering businesses and individuals to embrace a cashless economy.
NCR Atleos Corporation (NYSE: NATL) (Atleos), a leader in expanding self-service financial access for financial institutions, retailers and consumers, has announced that it has received the ATM Industry Association (ATMIA) Outstanding Service Award. We will continue to innovate and strive for excellence in all that we do.”
It has focused on sustainable growth by meeting the needs of its target audience with a wide range of accessible financial products and services. Cake leverages technology, particularly AI, to personalise its offerings and streamline operations. This approach has contributed to a doubling of payment transactions, which reached US$4.7
This shiftis not merely a matter of convenience; it is emblematic of an increasingly complex convergence between state-of-the-art technology, consumer desires for seamlessness, and the regions particular socio-economic landscape. This trend is fostering innovation and competition in the financial services sector.
Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Nationalization of Banks (1969, 1980): A major policy shift aimed at increasing financialinclusion and directing credit to priority sectors.
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.”
Usage patterns differ, technological approaches diverge, and key challengesfrom privacy concerns to merchant adoptionremain unresolved. In doing so, they risk missing the core innovation that digital money promises: the ability to transfer value directly, securely, and potentially without the need for intermediaries.
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. Fintech companies see this gap as an opportunity to innovate.
PayMint , a leading financialtechnology 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).
Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. Stablecoin technology and our network model make this vision achievable by enabling fast and efficient money movement.
Whether in current or emerging markets, banks are riding the tide of a rapidly shifting landscape defined by digital technologies, adapting to regulatory requirements, rising customer expectations, and stiff competition from nimble fintech startups.
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.
MTN Mobile Money (U) Limited, in partnership with Mastercard , Diamond Trust Bank and Network International, has launched the Virtual Card by MoMo, an innovative payment solution designed to enable MTN MoMo subscribers to perform secure online transactions without needing a physical card or bank account.
Fraud involving faster payments is a growing challenge that requires vigilance and innovation, said Lee Kyriacou, Chair of the FPC Fraud Work Group. stakeholders to adopt innovative approaches that protect consumers, businesses, and financial institutions. Collaboration and innovation are essential in combating fraud.
It aims to build innovative solutions that address existing challenges, all the while helping to drive sustainable growth and development in the region. This presents a significant opportunity to support the founders who are not only driving innovation, but also addressing the unique challenges and opportunities of the region.
Payment technology and innovation are accelerating across the fintech industry, with more companies recognising the importance of adapting to changing customer needs, with non-cash transactions projected to hit 2.3 These developments signify a major shift in how we interact with technology. trillion transactions by 2027.
As 2024 draws to a close, it’s been an eventful year for the payments industry, marked by rapid innovation, unexpected challenges, and evolving consumer expectations. Where do you see it driving innovation? ” Unattended retail and smart building technologies are gaining traction.
Payments Report 2024 As the global payments ecosystem undergoes a period of rapid transformation, the Payments Report 2024 serves as an essential resource for industry leaders navigating shifting trends, emerging technologies, and dynamic consumer behaviour.
This innovative solution is the first of its kind in Vietnam and is now available on Cake’s platform, significantly advancing payment processing modernization. It promotes operations-driven sustainability and scalability to meet demand and adaptability for future payment innovations and growth.
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. This innovation brings speed and security to daily transactions, empowering businesses and individuals to embrace a cashless economy.
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