Remove Financial Inclusion Remove Non-Bank Remove Online and Mobile Banking
article thumbnail

CBDCs in practice: What we’ve learned from the early movers

The Payments Association

Central bank digital currencies (CBDCs) have rapidly evolved from theoretical concepts into live pilots and national deployments. From Asia to the Caribbean and Europe, central banks are grappling with how to digitise public money while preserving trust, utility, and sovereignty.

CBDC 88
article thumbnail

The Journey of Payments and Clearing Systems in India

Finextra

Indigenous Banking (Shroffs and Mahajans): Long before modern banks, India had a thriving indigenous banking system. Hundis: These were traditional financial instruments, akin to bills of exchange or promissory notes, used for transferring money across distances without physical movement of cash.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Fintech in the Caucasus: Armenia, Azerbaijan & Georgia

The Fintech Times

Armenia Population: +2,967,000 Capital, financial hub and largest city: Yerevan Gross domestic product (GDP) per capita: +$8,500 Access to a formal financial account (adults): 52.3 per cent Central Bank of Armenia (CBA) Armenia’s growth has been driven in part by its young, tech-savvy population.

FinTech 69
article thumbnail

Latin America Digital Payments Market Report 2025

Fintech Finance

Growth is driven by financial inclusion, fintech innovation, and regulatory reforms. However, mobile payments, digital wallets, and real-time transactions are broadening financial access. How does the rise of real-time payments impact traditional banking in Latin America? trillion by 2027. Management Summary 3.

article thumbnail

Embedded Finance Is Making Payments Easier for Everyone Across Asia

Fintech News

In simple, layman’s terms, embedded finance is when financial services – like payments, loans, or insurance – are integrated directly into non-financial platforms. The region has become a hotbed for embedded finance, thanks to its mobile-first economy and digitally savvy population.

article thumbnail

PayU GPO Strengthens Africa Presence with A2A Rollout and Senior Appointment

Fintech Finance

PayU GPO , the leading online payment service provider operating in over 40 emerging markets, announces a major step forward in its commitment to Africa, unveiling the launch of Account-to-Account (A2A) payments in Nigeria and the appointment of Ryan Engel as the new Country Manager for South Africa.

PCI DSS 52
article thumbnail

How is Senegal Leveraging Fintech to Overcome Major Inclusion and Economic Challenges?

The Fintech Times

Senegal is one of many countries across the Middle East and Africa trying to diversify its economy and future-proof itself by hosting financial inclusion by employing fintech solutions. Mobile phone usage in Senegal has surpassed 60 per cent this year.

FinTech 59