The Payments Association

OCTOBER 28, 2024

The Payments Association (TPA)’s George Iddenden recently sat down with Peter Theunis, senior vice president sales and European managing director at BPC to discuss the remarkable transformation of the payments processing industry, driven by the rise of fintech, the shift towards digital payments, and evolving consumer behaviours.

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Process Payment APIs and Integration Processors Payments 100

Fintech News

SEPTEMBER 19, 2024

Thailand’s Lightnet and Hong Kong-based fintech unicorn WeLab have teamed up to apply for a virtual bank license in Thailand. The aim is to enhance financial access for underserved retail customers and small businesses. WeLab is backed by billionaire Li Ka-shing and aims to grow its user base to 500 million by 2032.

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Underserved Cross-Border Financial Inclusion Interoperability 130

Fintech Finance

MARCH 24, 2025

While Somalia’s financial sector has seen remarkable growth in recent years, a significant portion of the population remains underserved or unbanked. ” The post Somalia Launches First Nationwide Instant Payment System Powered by BPC appeared first on FF News | Fintech Finance.

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Fintech Finance

MAY 1, 2025

Financial inclusion is not just about facilitating transactions; it is about providing the infrastructure, rules, and governance that enable individuals and businessesespecially women and underserved communitiesto participate fully in the digital economy.

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Financial Inclusion Instant Payments Cross-Border Payments Underserved 52

Fintech News

DECEMBER 20, 2023

Developments include cross-border quick response (QR) payment linkages, connectivity between real-time national payment schemes, and the ongoing Singapore Response Code Scheme (SGQR+) project focusing on furthering QR code payment interoperability. These efforts follow the launch of the Rwanda Imbaraga SME Ecosystem (RISE) program in June.

FinTech 109

FinTech Cross-Border CBDC Web 3.0 109

Fintech News

JUNE 16, 2025

Ricky now serves as Managing Director for South Asia at TBCASoft, a global fintech driving next-generation cross-border NFC and QR person-to-merchant (P2M) payments using blockchain-based technology. That makes it more inclusive, especially for smaller banks or markets that are typically underserved.

Cross-Border Payments 77

Cross-Border Payments Cross-Border APACS ISO 20022 77

Fintech News

OCTOBER 28, 2024

The Singapore Fintech Festival (SFF) has announced the finalists for its 2024 Fintech Excellence Awards, organised in partnership with the Singapore Fintech Association (SFA) and supported by PwC Singapore. Four finalists were shortlisted in each category. Ripple, NETS, Syfe, and YouTrip returned as sponsors this year.

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AI FinTech Innovation Payment APIs and Integration 108

The Fintech Times

MARCH 25, 2025

Not a moment too soon A significant portion of the population remains underserved or unbanked despite Somalia’s financial sector seeing a lot of growth in recent years. The post New Era for Payments in Somalia: Somalia Payment Switch Launches Instant Payment System appeared first on The Fintech Times.

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Instant Payments Payments Settlement Central Bank 59

Fintech Finance

AUGUST 1, 2024

The Interledger Foundation , an organization building and advocating for an open, interoperable payment network, today announced its work with the People’s Clearinghouse, a social sector tech platform that services community banks and credit unions in Mexico. and Mexican residents via community banks in rural areas.

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Fintech News

OCTOBER 16, 2024

The Singapore Fintech Festival (SFF) 2024 is returning for its 9th edition from 6 to 8 November, with the Insights Forum taking place beforehand on 4 and 5 November. Fintech News Network readers will also get a 20% discount on their Delegate Passes. Fintech News Network readers will also get a 20% discount on their Delegate Passes.

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FinTech Cross-Border Payments AI Innovation 113

Fintech News

JANUARY 15, 2024

Building upon SGQR, SGQR+ represents the next generation of interoperable payments for merchants., designed to align with the country’s vision of a seamless, accessible, and interoperable payments ecosystem. Here are five interesting takeaways gathered from the interoperable SGQR+ trials.

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Interoperability Cross-Border Payments Financial Inclusion 117

Fintech News

SEPTEMBER 10, 2024

Asia Pacific point-of-sale payment methods – Select markets, Source: Beyond Payments: Digitalization Trends in the Cross-Border Checkout Revolution, Deloitte, Jul 2024 Payment interoperability The growth of digital payment innovations in APAC has emphasized the need for connectivity and interoperability in both online and offline transactions.

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Cross-Border Payments Cross-Border APACS Interoperability 109

Finextra

JUNE 11, 2025

Early Electronic Initiatives (late 1980s/early 1990s): Limited electronic fund transfers began to emerge, mainly within banks or for specific corporate clients, but were not widely interoperable. Its simplicity, interoperability, and low cost made it an instant success. Unified Payments Interface (UPI) (2016): The game-changer.

Financial Inclusion 52

Financial Inclusion Payment APIs and Integration Real Time Gross Settlement (RTGS) Funds Transfer 52

Fintech Review

JULY 10, 2024

As a result, DeFi is gaining traction rapidly due to its ability to provide financial services to those who have been historically underserved by conventional banking systems. Interoperability with traditional financial systems presents another significant hurdle.

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Finance Financial Inclusion Underserved Blockchain 97

PYMNTS

MARCH 4, 2020

TerraPay, a Dutch FinTech, has been acquired by a number of investors, including Prime Ventures, Partech Africa and management for an undisclosed amount. We are excited by this validation from our marquee investors, and look forward to growing rapidly and reaching most of the world’s underserved in the coming years.”.

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Acquirers FinTech Cross-Border Payments Cross-Border 67

The Fintech Times

AUGUST 28, 2024

Indonesia’s startup and fintech scene, are also growing and have strong potential. In the same year, the value of e-commerce transactions in Indonesia totalled around $51.9billion, highlighting the promise that fintech can offer the country. How is fintech integrating in Indonesia?

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The Fintech Times

MAY 29, 2024

The Interledger Foundation , an organisation building and advocating for an open, interoperable payment network, is introducing a new initiative to fund fintechs that leverage its Interledger Protocol (ILP) to bring payment capabilities to emerging markets and underserved populations.

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Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

The Payments Association

MARCH 18, 2025

As more jurisdictions refine regulations and expand open finance frameworks, the focus will shift to interoperability, consumer trust, and cross-industry data integration. Mexico has adopted a regulated approach under its Fintech Law, introduced in 2018, laying the groundwork for open banking. What’s next?

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Finextra

JUNE 2, 2025

Location Joburg Followers 5 Opinions 22 Follow Unfollow Open Banking has moved from regulatory idea to industry reality, driving transformation by enabling secure, permissioned data sharing between financial institutions and third-party fintechs. The impact has been profound at a macro level. Crucially, Open Banking was just the opening act.

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Finance Payment APIs and Integration API Regulations 52

Fintech Finance

APRIL 23, 2025

Pay10 , a leading Alternative Payment Method (APM) provider headquartered in the UAE announces that it has become the first fintech company to go live in production on the Central Bank of the UAE’s (CBUAE) Open Finance Framework, authorizing it to provide payment initiation services including variable recurring payment.

Finance 59

Finance Interoperability Central Bank Financial Inclusion 59

The Fintech Times

SEPTEMBER 19, 2024

The Thai banking sector could have a new key player in the first half of 2025 as Lighthub Asset , a Thai fintech and WeLab , a pan-Asian fintech platform submit an application for a virtual banking licence with the Bank of Thailand. It will provide localised digital banking services to everyone, including the underserved.

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Financial Inclusion Underserved Interoperability Multi-Currency 59

The Fintech Times

JULY 9, 2024

Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 9 July 2024 bringing you the latest updates from across the world. UK fintech Ripe appoints Jamie Richards as head of M&A. Fairlo , a consumer credit fintech, has received B Corp certification.

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ISO 20022 FinTech ISOs Payroll 59

Fintech Review

JULY 16, 2024

For example, APIs allow fintech companies to access banking data, facilitating the creation of enhanced financial services. By accessing banking data, fintech companies can offer innovative products that improve customer choice and service quality. Companies like N26 and Revolut have emerged as major players in the fintech space.

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Innovation Consumer API Financial Inclusion 98

Fintech News

MAY 6, 2024

It embodies the principles of openness, collaboration, interoperability, and advocates for the seamless exchange of data and services across diverse platforms and providers. These partnerships accelerate innovation and enable financial entities to reach underserved segments of the population to offer tailored financial products and services.

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Compliance Finance Payment APIs and Integration API 113

Finovate

MARCH 7, 2025

As a proliferation of payment options promises to streamline banking and commerce, regulators, fintechs, and financial services companies are looking for ways to make sure that the challenges to these new payment optionsfrom technical complexity to new forms of fraud and financial crimeare met. Chilean fintech Banca.me

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Payments Push-to-Card Online and Mobile Banking P2P 52

Fintech Finance

MAY 3, 2024

This includes improving accessibility, affordability, connectivity with both domestic and international payment networks, and interoperability. Once live, the platform will facilitate digital transactions in Namibia, driving financial inclusion and reducing cash dependency by catering to underserved populations. Mr. Johannes !Gawaxab,

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Underserved Interoperability Instant Payments International Payments 52

Faster Payments Council

MARCH 15, 2023

Whether we will see these services gain traction is tied to what many believe to be a major hurdle–interoperability. FedNow may not interoperate with RTP, and it doesn't seem to be a priority for either. 100B/yr US alone – sticky, underserved, corporate/gov't load (no consumer).

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FPC ISO 20022 Cross-Border Payments Federal Reserve 88

PYMNTS

NOVEMBER 23, 2020

While many digital-first companies springboard from payments into lending, Figure Technologies , a FinTech focused on home improvement, debt consolidation and retirement products that leverage blockchain protocols, is branching out from lending into payments. Blockchain and a bank charter might do much to boost financial inclusion.

Financial Inclusion 86

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

Fintech News

DECEMBER 10, 2023

Many nations within the region have recognised the transformative potential of extending financial services to underserved populations. Trust, transparency, and interoperability will shape the future of payments, ensuring that financial systems serve the needs of all.

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Addressing Fraud Prevention Financial Inclusion Payments 120

Faster Payments Council

SEPTEMBER 12, 2022

They will discuss how the recently published white paper on "Faster Payments and Financial Inclusion" illustrates the pain points and barriers to financial inclusion, actions, and solutions to expand, requirements of the underserved, action and solutions for issues, and considerations for faster payment stakeholders.

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FPC Federal Reserve Cross-Border Payments Faster Payments 88

Fintech Finance

JUNE 3, 2025

It also empowers TerraPay to deepen its collaboration with local financial institutions and fintechs, offering them access to its robust, interoperable, and API-driven payment infrastructure. This will enable partners to scale their cross-border offerings with confidence, while ensuring compliance with Malaysias regulatory standards.

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Cross-Border Payments Cross-Border APACS Financial Inclusion 52

Fintech News

DECEMBER 13, 2024

Furthermore, stablecoins enhance financial inclusion by providing an accessible entry point for the unbanked and underserved populations in Asia, effectively digitizing local currencies. Featured image credit: Edited from Freepik The post Stablecoins in Asia Are Stably Reducing Dependency on USD appeared first on Fintech Singapore.

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Stablecoins Cross-Border Cross-Border Payments Caps 109

The Fintech Times

MARCH 5, 2024

Yabx has been on this journey to build this credit infrastructure ground up and enable financial access for the underserved. These achievements have impressive real-world implications with individuals in underserved regions. How did you get into the fintech industry? What’s the best thing about working in the fintech industry?

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Financial Literacy Financial Inclusion Underserved FinTech 64

Fintech Finance

JUNE 7, 2024

. “Our survey identifies the critical areas where institutions must focus to ensure that faster payment solutions are accessible and beneficial to all, especially the unbanked and underserved populations.” The post U.S.

Financial Inclusion 64

Financial Inclusion Faster Payments FPC Cross-Border Payments 64

Fintech Finance

MARCH 27, 2024

Since then, the company has remained steadfast in its commitment towards financial inclusion and has spearheaded multiple initiatives for its WLA network including deployment of Cash Recycling Machines (CRMs), supporting Interoperable Cash Deposits (ICD). Currently, it is the only WLA operator to offer cash deposit facility.

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ATM Financial Inclusion Payments Value Added Service 52

The Fintech Times

FEBRUARY 8, 2024

Anabel Perez , CEO of NovoPayment In the highly fragmented Latin American financial ecosystem, the opportunity for interoperable financial infrastructure solutions is obvious. The post Think Local, Act Global: NovoPayment on Bringing Digital Products to LatAm appeared first on The Fintech Times.

Product 69

Product Payment APIs and Integration Due Diligence Small Business 69

The Fintech Times

FEBRUARY 19, 2024

Payments are arguably the face of fintech. As regulatory compliances are updated, fintechs and payment platforms with robust currency management programs, multiple licences and MCCY IBAN’s will become more popular with businesses engaged in global trade. BIS Aurum) and interoperability solutions (e.g,

Cross-Border Payments 69

Cross-Border Payments Cross-Border Stablecoins Multi-Currency 69