Fintech Finance

MARCH 24, 2025

Championed by the Central Bank of Somalia (CBS), the initiative marks a major step in modernising Somalia’s payment infrastructure, promoting financial inclusion and enhancing economic stability.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

The Fintech Times

FEBRUARY 3, 2025

Payment clearing and settlement system operator Payments Canada has revealed that it has made ‘substantial progress’ on the Real-Time Rail, Canada’s first real-time payment system, since the back-end of 2024. Once the CP Act updates take effect, these entities will be eligible to apply for Payments Canada membership.

Real Time Payments 64

Real Time Payments Credit Union Settlement Payments 64

Fintech News

MAY 29, 2025

ACI Worldwide has unveiled ACI Connetic , a new cloud-native platform designed to streamline payment processing for banks and financial institutions. The platform integrates multiple payment types, including Swift cross-border payments, real-time gross settlement systems like Target2, and SEPA Instant payment networks such as RT1 and TIPS.

Payment APIs and Integration 64

Payment APIs and Integration Cross-Border Payments Federal Reserve SWIFT 64

PYMNTS

NOVEMBER 23, 2020

Blockchain and a bank charter might do much to boost financial inclusion. You're not dealing with two-day settlement,” he stated, adding that interoperability also has the ability to foster sticky relationships between merchants and consumers, especially consumers who want perks and high reward cards or coupons.

Financial Inclusion 86

Financial Inclusion Office of the Comptroller of the Currency Blockchain OCC 86

The Payments Association

FEBRUARY 13, 2025

UPI has become India’s most popular digital payment method, and these strengths drive financial inclusion and economic growth. These reforms promote Rupee-based trade settlements, reducing reliance on dominant global currencies. Technological advancements driving global expansion NPCI is driving UPIs adoption worldwide.

Cross-Border Payments 88

Cross-Border Payments Cross-Border Interoperability Payments 88

The Fintech Times

NOVEMBER 18, 2024

To address these issues, Mastercard has joined Buna, the cross-border payment system operated by the Arab Regional Payments Clearing and Settlement Organisation (ARPCSO), owned by the Arab Monetary Fund (AMF). Cross-border payments in the MENA region have faced challenges such as high costs, slow processing times and limited transparency.

Cross-Border Payments 69

Cross-Border Payments Cross-Border Visa Participant 69

Fintech Finance

JUNE 9, 2025

This investment reflects PayU GPO’s broader strategy to drive financial inclusion and modernise the continent’s payment infrastructure, while responding to rapidly shifting consumer preferences. The expansion comes at a time when alternative payment methods are on the rise across the region.

PCI DSS 52

PCI DSS Online and Mobile Banking Financial Inclusion Alternative Payment Methods 52

The Fintech Times

NOVEMBER 6, 2024

Buna’s Real-Time Gross Settlement service, with its extended operating hours, and Instant Payments System’s 24/7 availability offer a unique advantage for direct participants.

Cross-Border Payments 59

Cross-Border Payments Cross-Border Visa Multi-Currency 59

The Payments Association

DECEMBER 17, 2024

RLUSD is ideal for financial use cases and allows institutions to: Facilitate instant settlement of cross-border payments. I look forward to collaborating with the Ripple team to support the global growth and adoption of RLUSD, unlocking new opportunities for financial inclusion and modernizing the future of payments.

Stablecoins 88

Stablecoins Compliance Federal Reserve Cross-Border Payments 88

Fintech Finance

DECEMBER 16, 2024

Juicyway addresses this need by leveraging stablecoin technology to enable fast, affordable global money transfers with 24/7 execution and settlement. With remittance fees in Africa averaging 13% on $200 transfers in Q4 2023, there is a clear need for cost-effective solutions.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Stablecoins Payments 98

Fintech News

NOVEMBER 6, 2024

This includes QR code payment settlements and multi-currency transaction capabilities, providing businesses with more secure and streamlined international payment options. This announcement recognises FOMO Pay’s dedication to fostering financial inclusion and growth across the APAC region and beyond.”

Multi-Currency 108

Multi-Currency Cross-Border APACS Financial Inclusion 108

The Payments Association

AUGUST 9, 2024

They fuel the import and export of goods and services, facilitate commodities and equities trading, and are vital to improving financial inclusion in the world’s poorer countries. So why are they still hampered by settlement delays, high fees and inefficiencies that block the path to business expansion to new markets?

Cross-Border Payments 88

Cross-Border Payments Cross-Border Financial Inclusion Blocks 88

The Fintech Times

APRIL 30, 2025

. “By integrating USDC, we aim to simplify financial transactions for institutions and individuals, reduce costs, and strengthen trust. This collaboration underscores our vision to democratise access to payments and drive financial inclusion across the globe.”

Cross-Border Payments 45

Cross-Border Payments Cross-Border Stablecoins Financial Inclusion 45

Fintech News

DECEMBER 9, 2024

This proactive approach, driven by the Monetary Authority of Singapore (MAS), seeks to enhance the nation’s financial infrastructure. The goal is to attract investment and innovation, maintain Singapore’s competitive edge in the global arena, and expand financial inclusion.

Cryptocurrency 117

Cryptocurrency Cross-Border Consumer Protection Facilitators 117

Fintech Finance

OCTOBER 1, 2024

Its partnership with Token.io, which powers Ecommpay’s open banking payment solutions in the UK and Europe, has been extended to include local settlement IBANs for the Netherlands, Spain, France and Ireland. This latest move further solidifies Ecommpay’s commitment to driving financial inclusion and enhancing local payment experiences.

IBAN 98

IBAN Financial Inclusion Settlement Payments 98

Fintech News

OCTOBER 7, 2024

This listing increases the accessibility of XSGD for international transactions, potentially leading to faster settlement times and lower costs for users. XSGD is a stablecoin pegged to the Singapore dollar, issued by StraitsX. XSGD is initially available on Bitstamp via the Avalanche C-Chain, with plans to support additional networks soon.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Stablecoins APACS 117

Fintech Finance

MAY 27, 2025

. “Against the backdrop of increasing payments complexity, the rise of new technologies and a shifting regulatory environment, ACI Connetic empowers financial institutions to unlock new revenue opportunities and navigate compliance in order to drive growth and financial inclusion.”

Payment APIs and Integration 59

Payment APIs and Integration Payments Cross-Border Payments Federal Reserve 59

Fintech Finance

JUNE 6, 2024

Launching the Prepaid Hibir Mastercard in collaboration with Mastercard is a testament to this, marking a significant step towards our mission of digital financial inclusion. With financial inclusion on the rise in Ethiopia, we are committed to providing an efficient and reliable service for both Mastercard and Hibret Bank.

Financial Inclusion 52

Financial Inclusion Visa Online and Mobile Banking Cross-Border 52

The Fintech Times

NOVEMBER 4, 2024

In 2019, the central bank then introduced the ‘Payment and Settlement Act’, which provided the legal basis for the development, promotion, expansion, monitoring, and regulation of payments, settlement and clearing systems in the country. billion ($570million) in 2022 to Rs 20.77 billion ($1.5billion) in mid-March of last year.

Continuity 59

Continuity FinTech Payment Service Provider (PSP) Mobile Banking 59

PYMNTS

JANUARY 27, 2021

According to a study by the Bank for International Settlements (BIS), central bank digital currencies (CBDCs) will be available for 20 percent of the world’s population in the next three years. Emerging markets and developing economies are strong boosters of cryptocurrency as they are looking for ways to expand financial inclusion, BIS said.

CBDC 102

CBDC Central Bank Digital Currency Financial Inclusion 102

Fintech Finance

MARCH 7, 2025

As part of this collaboration, Network will provide expertise and support for solutions including transaction processing, card management, fraud prevention, APIs sandbox, reconciliation and settlement, and online access for Airtel users.

Fraud Prevention 52

Fraud Prevention Value Added Service Financial Inclusion Reconciliation 52

The Fintech Times

DECEMBER 6, 2023

RTGS.global, a settlement company focused on enhancing cross-border payments, is celebrating a significant milestone with the successful completion of an inaugural instant settlement cross-border transaction via its global network.

Cross-Border Settlement 59

Cross-Border Settlement Cross-Border Settlement Cross-Border Payments 59

Fintech News

JULY 3, 2024

The Bank for International Settlements (BIS) and its partners have revealed the comprehensive blueprint for phase three of Project Nexus, which seeks to address longstanding challenges in international money transfers by leveraging the power of domestic instant payment systems (IPS). The potential impact of this initiative is substantial.

Cross-Border Payments 117

Cross-Border Payments Cross-Border Instant Payments Central Bank 117

M2P Fintech

AUGUST 25, 2023

Network inaccessibility keeps a large section of the population out of the ambit of digital payments and is a challenge to financial inclusion. This is a key step in accelerating financial inclusion and digital penetration among the masses. Fortunately, there’s a light at the end of this tunnel!

Financial Inclusion 52

Financial Inclusion Digital Payments Online and Mobile Banking Payments 52

Fintech News

DECEMBER 11, 2023

The first being the indirect model, where commercial banks manage CBDC wallets and settlements directly on the UDPN, while the central bank handles wholesale settlement between commercial banks and keeps all transaction records. The PoC explored two models. Globally, over 130 countries are exploring, developing, or have launched CBDCs.

CBDC 113

CBDC Distributed Ledger Technology (DLT) Cross-Border Central Bank 113

PYMNTS

SEPTEMBER 1, 2020

The Bank for International Settlements (BIS) said in a recent report that the number of correspondent banks — where banks and financial institutions (and domestic payment systems) are linked together — slipped 3 percent in 2019 vs. 2018 and declined a significant 22 percent from 2011 to 2019.

Correspondent Bank 123

Correspondent Bank Correspondent Cross-Border Cross-Border Payments 123

PYMNTS

JUNE 30, 2020

Cuttino noted that things like early wage programs can come with high transfer fees, and said markets have generally not solved the problem of financial inclusion. Charles Cascarilla, CEO and co-founder of stablecoin company Paxos, said stablecoins and digital central-bank currencies are “critical” for financial infrastructure.

Stablecoins 124

Stablecoins Financial Inclusion Online and Mobile Banking Federal Reserve 124

PYMNTS

JULY 26, 2020

Earlier this year, UPI launched a pilot program in Singapore and held talks with the Bank for International Settlements, the World Bank and the Bill & Melinda Gates Foundation to explore possible collaborations, Dilip Asbe , CEO of NPCI told FT. Its proponents insist UPI has revolutionized financial inclusion in the county of 1.4

Volume 123

Volume Digital Payments Transactions Online and Mobile Banking 123

Fintech Finance

SEPTEMBER 12, 2024

Innovating for financial inclusion Zambia has taken great strides in narrowing its gap in financial inclusion. According to the latest data, levels of inclusion have improved ( [link] ) from 59.3% At Lupiya, we are driven by the mission to revolutionise financial inclusion across Africa.

Product 98

Product Financial Inclusion Debit Card Digital Payments 98

PYMNTS

SEPTEMBER 9, 2020

9) news release, Mastercard said a recent survey revealed 80 percent of central banks are engaged in some form of CBDCs, while 40 percent have moved from research to experimenting with concept and design, according to by the Bank for International Settlements. In a Wednesday (Sept.

Central Bank 132

Central Bank Digital Currency Visa CBDC 132

PYMNTS

JANUARY 6, 2021

Getting there, he told Webster, involves expanding financial inclusion through digital transactions that, effectively are — for the merchants and consumers involved– free. Diaz estimated that cash still accounts for as much as 95 percent of transactions.

Central Bank 145

Central Bank Financial Inclusion Wire Transfer Payments 145

Fintech Finance

NOVEMBER 6, 2024

Buna’s Real-Time Gross Settlement service, with its extended operating hours, and Instant Payments System’s 24/7 availability offer a unique advantage for direct participants.

Cross-Border Payments 97

Cross-Border Payments Visa Cross-Border Multi-Currency 97

Fintech News

FEBRUARY 26, 2024

The Bank of International Settlements reported that over the past decade and a half, fintechs have collectively raised over US$1 trillion in equity globally since 2010. The commitment to financial inclusion remains a cornerstone of the fintech value proposition. billion in 2021 to US$77.5

FinTech 143

FinTech Consumer Financial Inclusion On-Demand 143

The Fintech Times

JANUARY 17, 2025

Trkiye has also made significant progress regarding financial inclusion, with the country now boasting nearly 100 million credit cards, ranking ninth globally for credit card transactions and seventh for credit card ownership.

Digital Payments 59

Digital Payments FinTech Laws Credit Cards 59

Fintech Finance

NOVEMBER 8, 2024

Ecobank will connect its existing Swift workflows to Nium, gaining access to real-time transfers, updates, clearing, settlement, and payment tracking, without the need for complex API integrations.

Cross-Border Payments 98

Cross-Border Payments Cross-Border ISO 20022 Payment APIs and Integration 98

Fintech News

MAY 11, 2025

This technology-driven approach enables Thunes to support a wide variety of use cases including gig economy payouts, e-wallet interoperability, and financial inclusion efforts. XTransfer has built a global multi-currency settlement network backed by intelligent, automated risk management infrastructure.

Cross-Border Payments 122

Cross-Border Payments Cross-Border APACS Distributed Ledger Technology (DLT) 122

The Paypers

JANUARY 30, 2023

The Central Bank of Nigeria (CBN) and the Nigeria Inter-Bank Settlement Systems (NIBSS) have launched a national payment card aimed at boosting financial inclusion in the region.

Financial Inclusion 68

Financial Inclusion Central Bank Settlement Payments 68