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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Finovate

MAY 22, 2025

Circle’s initial focus with CPN is on high-value, underserved global trade corridors. “The launch of CPN represents a leap forward for global payments infrastructure toward an architecture where interoperability, compliance, speed, and cost-efficiency are emphasized,” said Circle VP of Product Management Sunil Sharma.

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Payment Networks Cross-Border Payments Cross-Border Stablecoins 52

Fintech News

JUNE 16, 2025

And for those that haven’t yet made the switch, it’s becoming increasingly important—not just for Nexus, but for interoperability across the global financial system. That makes it more inclusive, especially for smaller banks or markets that are typically underserved. Banks also retain control over customer relationships and pricing.

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Cross-Border Payments Cross-Border APACS ISO 20022 77

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. “We

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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

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

Finextra

JUNE 11, 2025

Post-Independence (1947 - 1990s): Building the Foundation After independence, India focused on strengthening its financial infrastructure and extending banking services. Its simplicity, interoperability, and low cost made it an instant success. Unified Payments Interface (UPI) (2016): The game-changer.

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

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 Fintech Times

JANUARY 23, 2025

. “For instance, in Mexico, were working with local fintechs and other organisations including The Peoples Clearinghouse and The Mexican Association of Credit Unions of the Social Sector (AMUCSS) on an initiative that will introduce an interoperable, real-time payment pathway between the US and 140 rural community banks.

FinTech 64

FinTech Financial Literacy Cross-Border Online and Mobile Banking 64

Fintech Finance

APRIL 23, 2025

This milestone underscores the UAE’s leadership in building a secure, interoperable financial ecosystem anchored in regulatory clarity and innovation.” The post Pay10 Becomes First Entity to go Live on CBUAEs Open Finance Framework appeared first on FF News | Fintech Finance.

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Finance Interoperability Central Bank Financial Inclusion 59

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

The Fintech Times

SEPTEMBER 19, 2024

It will provide localised digital banking services to everyone, including the underserved. I am confident that the consortium’s new virtual bank will bring fresh ideas and innovative solutions, to advance financial inclusion for underserved communities and instill diversity to Thailand’s financial landscape.”

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Financial Inclusion Underserved Interoperability Multi-Currency 59

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

Fintech News

APRIL 24, 2025

billion Established in 2018, BharatPe transformed digital payments in India by launching the nations first UPI-interoperable QR code for merchants. The company also operates FINTQ, a platform that facilitates access to financial products such as loans, savings, and insurance through mobile devices, particularly in underserved areas.

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FinTech Online and Mobile Banking Payment APIs and Integration Push-to-Card 138

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.

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FinTech Cross-Border CBDC Web 3.0 109

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

Fintech Review

JULY 16, 2024

Fintech firms can develop services for underserved populations, such as individuals without access to traditional banking services. Interoperability between different systems also presents a hurdle. The post Open Banking: Unlocking Innovation and Consumer Empowerment appeared first on Fintech Review.

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Innovation Consumer API Financial Inclusion 98

PYMNTS

JANUARY 14, 2021

As we explore the many use cases for the vaccination credential, we are working to ensure that underserved populations have access to this verification,” said Dr. Brian Anderson , chief digital health physician at Mitre. One major concern for consumers with this post-pandemic push is privacy. Mitre Corp.,

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Fintech News

OCTOBER 28, 2024

Finalists in the corporate categories were evaluated based on impact, sustainability, practicality, interoperability, and creativity, while individual submissions were assessed on contributions to the Singapore fintech sector. Four finalists were shortlisted in each category.

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AI FinTech Innovation Payment APIs and Integration 108

Finovate

MARCH 7, 2025

Its fair to say that traditional financial systems left many people and communities underserved, but LPMsfrom mobile wallets in Africa to RTP schemes like UPI in Indiabridge this gap, and theyre empowering billions of consumers to participate in the digital economy. And thats a really positive development. appeared first on Finovate.

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

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 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.

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Financial Inclusion Faster Payments FPC Cross-Border Payments 64

The Fintech Times

AUGUST 28, 2024

Bank Indonesia , the country’s central bank, requires digital payment services to use standardised QR codes, ensuring all banks and e-wallets are interoperable. Around half of the country’s population still do not have a bank account, or are underserved by financial services institutions.

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FinTech Economy Authorization Underserved 69

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

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

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.

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Product Payment APIs and Integration Small Business Due Diligence 69

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. The post In Profile: Rajat Dayal, CEO of Yabx appeared first on The Fintech Times.

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Financial Literacy Financial Inclusion Underserved FinTech 64

Fintech News

OCTOBER 16, 2024

In line with the global push for inclusive finance, the festival will also address the strategies and tools that will enable equitable access and usage of financial services and products to the underserved. If you have yet to purchase your passes for the Singapore Fintech Festival, you may do so via this link to enjoy the exclusive discount.

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FinTech Cross-Border Payments AI Innovation 113

The Fintech Times

JULY 9, 2024

As part of this collaboration, NOW Money will issue Mastercard payment cards to its customers, aligning with its mission to offer inclusive financial solutions to underserved communities and improve the financial wellbeing of its users across the GCC. Fairlo launched in Sweden in 2018 and received its FCA licence in the UK last year.

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The Fintech Times

FEBRUARY 19, 2024

. “Combined, these benefits would substantially improve cross-border payments in particularly underserved corridors, and enable a multitude of sophisticated use cases more generally through native composability or bundling of conditional transactions enabled through tokenisation. BIS Aurum) and interoperability solutions (e.g,

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

The Fintech Times

JUNE 25, 2024

Embracing diverse perspectives allows us to uncover unique insights into the needs of various user segments, especially those historically underserved. ” The post How Does Having a Diverse Team Affect Your Products and Services? We recognise that listening to the same voices and ideas will not lead to new solutions. .

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Product Payment APIs and Integration Innovation Interoperability 59

Finovate

JULY 12, 2024

The technology will enable Affin Bank to process 20%+ more transactions, and enable interoperability among PayNet, RENTAS, and SWIFT using ISO 20022 standards. Photo by Zukiman Mohamad The post Finovate Global Malaysia: Payments Partnerships, Funding Sustainable Energy, and More appeared first on Finovate.

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ISO 20022 PCI DSS Payments Online and Mobile Banking 45

The Fintech Times

MAY 1, 2025

Now that Pay10’s platform integrates all three of these core regulatory licences, the APM provider says it is ready to support a fully digital, interoperable financial services stack under the direct supervision of the Central Bank of the UAE.

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Finance Security Central Bank Interoperability 45

Fintech News

JANUARY 22, 2025

Open banking could drive significant advancements in financial inclusion across underserved markets. All of this can be made possible by lowering barriers to entry for new players and promoting interoperability. Branches Reinvented The debate surrounding the relevance of physical branches in the digital era continues.

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Cross-Border Payment APIs and Integration AI Financial Inclusion 120

Open Banking Excellence

JANUARY 29, 2025

While the UKs Open Banking regulations were introduced as a way to boost competition, other countries have been focused on use cases that will actually drive adoptionwhether that is through digital payments or improving financial inclusion and making it easier for the underserved and micro SMEs to access credit.

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API Payment APIs and Integration Innovation Cross-Border 130

Fintech Review

MAY 6, 2025

They make financial products more secure, scalable, and interoperable. Fintechs global impact lies in its ability to serve people previously ignored or underserved by traditional finance. The post What Is a Fintech Company? Infrastructure fintechs are critical, even if users never see them. Some obtain their own licences.

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FinTech Payment APIs and Integration Online and Mobile Banking Regulations 98