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. We look forward to further accelerating Somalias digital transformation and expanding the reach of financial services to more people and communities.

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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 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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Cross-Border Payments Community Banks Cross-Border Credit Union 98

The Payments Association

OCTOBER 28, 2024

There is still tremendous potential for further digital transformation, particularly in areas like card transactions and services for small and medium-sized enterprises, which I see as an underserved market. ”

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Process Payment APIs and Integration Processors Payments 100

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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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

SEPTEMBER 13, 2016

12) that all three mobile money providers in Madagascar, including Airtel Money, mVola and Orange Money, are launching interoperable mobile money services across the country. The GSMA announced on Monday (Sept. In Madagascar and Tanzania, there are more mobile money accounts than bank accounts.

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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 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.

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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.” We recognize the importance of setting a standard – operationally, technically, and in governance – for those who follow.

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Finance Interoperability Central Bank Financial Inclusion 59

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 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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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

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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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. Open finance is transforming financial services by enabling broader data-sharing, fostering competition, and driving innovation in payments and financial products.

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Finance Payment APIs and Integration Non-Bank Embedded Finance 88

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 Finance 138

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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PYMNTS

MARCH 4, 2020

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.”. A big part of the problem is the number of mobile money providers with no interoperability between networks.

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Acquirers FinTech Cross-Border Payments Cross-Border 67

Faster Payments Council

FEBRUARY 18, 2021

The Financial Inclusion Work Group will create a blueprint for leveraging faster payments to accelerate access to the financial system for unbanked and underserved Americans.

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Financial Inclusion Faster Payments FPC Cross-Border Payments 68

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 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

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. It also promotes financial inclusion. Many people are unaware of open banking and its potential benefits.

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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. Mitre Corp., Oracle, Safe Health and Salesforce. “As

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PYMNTS

NOVEMBER 23, 2020

He stated that the Figure Pay account will be interoperable with other accounts and payment methods (bypassing some of the vagaries of “closed” systems like MCX, now long-defunct). He added that, even in the absence of interchange (where several parties get a piece of the fee), blockchain-based transactions exist only between two parties.

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

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.”

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Financial Inclusion Faster Payments FPC Cross-Border Payments 64

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.

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

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 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. Finally, stablecoins face competition from CBDCs, as many governments prioritise CBDC development over private stablecoins.

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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. Our hypothesis is that this gap exists due to the lack of credit infrastructure.

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Financial Literacy Financial Inclusion Underserved FinTech 64

PYMNTS

JANUARY 11, 2021

This time around, the SBA is prioritizing underserved groups such as minority-owned businesses and will only accept applications from community financial institutions during the first two days after its loan portal opens, said Lendio CEO Brock Blake in an article for Forbes. TripActions Adds Integrations for Microsoft, SAP and Others.

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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. What’s less obvious, however, are the challenges of creating a transnational framework that serves the unique regulatory needs of individual countries.

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Product Payment APIs and Integration Small Business Due Diligence 69

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.

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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.

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FinTech Cross-Border Payments AI Innovation 113

PYMNTS

MAY 29, 2018

The idea is to “promote global interoperability across EMV QR Code payments,” the standards group said in a statement. The QR Code has been enjoying some love and attention over the past few weeks, though the prospects for the digital payment tool remain relatively limited outside of Asia, at least according to one report.

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Financial Inclusion EMV Payments Tools Online and Mobile Banking 48

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. “Diverse teams bring a wealth of experiences, ideas, and problem-solving approaches, leading to more user-centric products that address overlooked pain points. billion people worldwide.

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Product Payment APIs and Integration Innovation Interoperability 59