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Southeast Asias fintech industry is flourishing, driven by soaring adoption of digital payments, alternative lending, and wealthtech. It notes that while COVID-19 accelerated the digital shift, Asia-Pacific (APAC) still face significant financial inclusion challenges with 820 million unbanked and 1.8 billion underbanked adults.
Fintech solutions are changing this landscape, offering SMEs tailored tools to overcome these barriers. From innovative lending platforms to advanced payment processing, fintech is enabling them to access growth opportunities and thrive in today’s competitive markets. Fintech companies see this gap as an opportunity to innovate.
The fintech unicorns in Asia are moving to reshape the very fabric of how people and businesses interact with money. Out of the unicorns worldwide valued at a combined $4 trillion , a rising share are coming out of Asias fast-moving fintech ecosystem. These include two decacorns from India and China, each valued at over $10 billion.
Kenyan fintech startup Leja has achieved remarkable growth, processing $2 billion in B2B payments since launching its B2B payments service in Kenya earlier this year. The rapid adoption of the Leja App over the past year highlights the power of local solutions tailored to underserved markets.
Underserved consumers relying on these services would be the ones feeling this impact the most. The post Avoiding Over-Regulation: American Fintech Council Warns That FDIC New Act Could Hinder Innovation appeared first on The Fintech Times. “The Proposed Rule fails to reflect the hallmarks of sound policymaking.
Chandler, United States, April 4th, 2025, FinanceWire Fintech company DecisionFi, LLC is expanding its reach into underserved consumer markets with a suite of financing solutions designed for sectors often overlooked by traditional lenders. billion by 2030, expanding at a compound annual growth rate (CAGR) of 20.3% from 2022 to 2030.
Spurred on by rapid change in government regulations and millions of underserved consumers in the finanical space, Brazil may be on the verge of becoming a major player in the global fintech space.
It will embed multi-currency accounts, payments, and access to a best-in-class fintech partner network across multiple geographies. Through our financial services ecosystem, customers will be able to access best-in-class services from other fintechs. SaaScada is the perfect partner to help us fulfil these objectives.
Tranglo’s seamless payout network enables users to send and receive funds through mobile wallets, bank accounts, and cash pickup locations, offering greater financial access to underserved populations. The post Tranglo Expands Services Across Africa appeared first on FF News | Fintech Finance.
We previously explored why the convergence of SaaS and fintech is so compelling. Now, as fintech matures and SaaS evolves, a second wave is taking shape. Now, as fintech matures and SaaS evolves, a second wave is taking shape. This is SaaS fintech v2.0. In contrast, SaaS fintech v2.0 SaaS fintech v2.0
Singapore-based fintech, Aspire , is launching a new Visa corporate card for small and medium-sized businesses (SMBs) in Hong Kong. ” The post Aspire Unveils Visa Corporate Card for Underserved SMBs in Hong Kong appeared first on The Fintech Times.
This month at The Fintech Times, we’re reflecting on the past year’s fintech highlights while looking ahead to what 2025 might hold. We’ve engaged with fintech CEOs and industry experts to uncover key trends from 2024 and their insights on priorities for the coming year.
In this article, we cover the developments between Agentic AI in fintech and possible use cases, giving a glimpse into how financial services could look like in the near future. In fintech, this means AI systems that dynamically manage credit risk, automate trading decisions, and even preemptively block fraud, all without human intervention.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. Traditionally, fintechs are known for their agility, innovation and ability to disrupt traditional financial systems.
Despite their crucial role in economic growth and job creation, nearly half of all MSMEs in Asia and the Pacific are either unserved or underserved by financial institutions. Trillion MSME Financing Gap in Asia appeared first on Fintech Singapore. said ADB’s Vice-President for Market Solutions Bhargav Dasgupta.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. No one would be surprised to learn that 99 per cent of fintech firms are established with one overarching priority: to make money.
Welcome to TechCrunch Fintech! This week, we’re looking at how two fintech companies serving the underserved are faring, and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here.
We often explore how fintechs are changing the banking and payments landscapes, and sometimes look into how their solutions are supporting financial inclusion and helping people develop healthy financial habits. Sending cross-border payments, for example, often comes with heavy processing costs and conversion fees.
Many fintechs and financial institutions often make big claims that they can enhance support to the previously underserved, positively impact the environment, or improve peoples lives in many other ways. To conclude our focus on fintech for good, The Fintech Times explores whether some firms are exploiting the concept.
Since Singapore launched its first digital bank in 2022, five digital banksGXS Bank, MariBank, ANEXT Bank, Green Link Digital Bank, and Trust Bankhave entered the market, challenging traditional banking models and reintroducing fintech innovation to Singapore’s financial landscape. appeared first on Fintech Singapore.
Singapore-based fintech firm Surfin Meta Digital Technologies has raised US$14 million in a new funding round, bringing its total funding to US$26.5 The company aims to develop a broader suite of intelligent digital financial services targeted at underserved populations. Louis, and Phillip Private Equity. This follows an earlier US$12.5
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. Fintech presents opportunities to address these challenges and promote financial inclusion. appeared first on The Fintech Times.
The underserved small and medium-sized business (SMB) market presents an opportunity for FIs looking to grow deposits. To take advantage, Q2 says that FIs need digital platforms that integrate with fintech solutions, deliver exceptional customer interaction, and leverage data for personalised outreach.
The British fintech company Pockit and the pan-European fintech Monese today announce that they have agreed terms for Pockit to acquire Monese, subject to Change in Control approval by the FCA, creating the leading fintech for the financially underserved and lower-middle-income consumers across the UK and Europe.
The Interledger Foundation, an organisation dedicated to the creation of an open, interoperable payment network, is promising to fund fintechs that use its protocol to bring payments to emerging markets and underserved populations.
The State Bank of Pakistan (SBP) has awarded Mashreq Pakistan a restricted license for pilot operations as part of the government’s strategy to unlock Pakistan’s digital potential and provide greater access to financial services to underserved consumer groups.
Welcome to the Fintech Review guide , our definitive source for everything fintech. Over the years, weve covered a broad range of fintech topics from digital banking to decentralised finance , regtech , green fintech , and more. What Is Fintech? At its core, fintech challenges the status quo.
By uniting their expertise, TransferTo and Ecobank will drive financial inclusion, empower underserved communities, and establish secure, seamless digital pathways that connect Africa’s economies with the rest of the world.
The teams are developing applications, products, and protocols that focus on consumer fintech solutions, OpenFI, financial inclusion, and DeFi. Consequently, this will provide a scalable and efficient solution for underserved businesses in the region. The selected teams were chosen from applications across the region.
Tranglo’s seamless payout network enables users to send and receive funds through mobile wallets, bank accounts, and cash pickup locations, also offering greater financial access to underserved populations.
Ant International also provides credit and lending solutions to underserved SMEs through its Embedded Finance unit, using AI and blockchain technologies. The post Cyril Han to Take Over as Ant Group CEO in March 2025 appeared first on Fintech Singapore. said Peng Yang, Chief Executive Officer of Ant International.
The fintech industry, having navigated through the turbulent waters of the COVID-19 pandemic, has demonstrated not only resilience but also a robust capacity for growth. Source: The Future of Global Fintech: Towards Resilient and Inclusive Growth. However, the fintech sector’s journey is not without its challenges.
Moniepoint , a Nigeria-based fintech offering an all-in-one banking, credit, and cross-border payment solution for African businesses and their customers, is on a mission to help businesses and individuals digitise their operations. to provide infrastructure and payment solutions for banks and financial institutions.
Despite its political unrest and economic challenges, Myanmar has shown significant progress in the fintech sector, bringing financial services to underserved populations. But how has this development unfolded and what is the current state of fintech in the country?
This March, The Fintech Times is shifting its spotlight towards insurtech, exploring the potential impact of blockchain technology on insurance processes and its role in instilling trust in digital transactions. “We have been able to scale while giving underserved customers the personalised guidance and expert solutions they need.
AI and automation can unlock greater access to capital for underserved clients, lenders and venture capitalist investors agree. where financial institutions and fintechs explored challenges faced by small-to-medium-sized businesses.
Payments giant Mastercard is expanding its collaboration with Paymentology , the global issuer processor, to facilitate card issuance for fintech companies in South Africa. “We are equipping fintech companies with market-relevant solutions that enable them to scale effectively.
Fintech startups in Southeast Asia secured a total of US$899 million in funding in H1 2024, a 25% year-on-year (YoY) decrease from US$1.2 Today, we examine the most active fintech investors in Southeast Asia over the past two years, highlighting their focus areas, investment strategies, and the notable startups in their portfolios.
Banking and finance survey results, Source: E-Commerce in Cambodia 2024, Profitence, Feb 2025 In this evolving landscape, fintech players such as Wing Bank and TrueMoney are emerging as major contributors.
This International Women’s Day, Airtel Payments Bank recognises the pivotal role women play in expanding financial access, particularly through the remarkable work of women business correspondents (BCs) who are bridging the gap between banking and underserved communities.
The report, titled “Her Fintech Edge: Market Insights for Inclusive Growth”, explores the representation of women within fintech portfolios and the factors influencing, and examines the performance of women customers compared to overall portfolios, considering loyalty, customer lifetime value (CLV), and default rates.
The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 21 January 2025. Offa , the UK Islamic property finance fintech, is joining Connect IFA , a specialist mortgage brokerage network. Most recently, he served as chief operating officer at Bankable.
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