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Winning on various levels For Jaime Dominguez , principal marketing manager at Q2 Holdings , the digital banking, digital lending, and banking-as-a-service solutions provider, there is no singular reason why digital banking is so helpful in underserved communities. “Finally, digital banking contributes to financial education.
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.
First, the report emphasizes Southeast Asias relatively underdeveloped traditional financial infrastructure and its large pool of financially underserved populations, which present significant opportunities for digital financial services. billion underbanked adults. million registered users. appeared first on Fintech Singapore.
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.
Despite their significant contributions to GDP and employment, SMEs in emerging markets remain underserved by traditional banking. With digital banking, mobile payments, and microloans, fintechs allow underserved businesses to participate in the formal economy. Fintech companies see this gap as an opportunity to innovate.
The latest to do so is PayJoy , the financial service provider to the underserved in emerging markets, as it reveals how smartphones are enabling working mothers in Mexico to have financial stability. It’s no surprise that more than half (55 per cent) report that their income has increased because they now have access to a smartphone.
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.
The system uses global standards like ISO 20022, which ensures that all participants can communicate efficiently, regardless of local system differences. How can APAC banks differentiate themselves by participating in Nexus? Eli Shoshani : Early participation allows banks to set themselves apart as leaders in innovation and efficiency.
Mastercard-enabled telebirr cards will empower individuals to participate in secure local and international transactions, enabling unbanked populations to engage in e-commerce, receive remittances, and make payments digitally.
Meeting both local and international regulatory standards, the platform integrates various components, including an Integration Platform for seamless connectivity, a Participant Portal for real-time transaction monitoring, and a Dispute Portal for efficient case resolution.
Additionally, expanding global payment networks are connecting local systems with international platforms, enabling wider participation and greater transparency. The “Optimising Cross-Border Payments Globally: Shaping the Economy of Tomorrow” report is available here.
“Platforms like Participate allow banks to extend credit more confidently by reducing concentration risk, enhancing liquidity, and boosting efficiency. . “Platforms like Participate allow banks to extend credit more confidently by reducing concentration risk, enhancing liquidity, and boosting efficiency.
Unlike traditional banks and financial service providers, which are often constrained by legacy systems and processes, fintechs are often more flexible – enabling them to quickly build solutions that better support underserved communities. Its an industry of collaboration and partnership between fintechs and traditional banks.
By connecting banks and financial institutions to underserved communities around the world, we’re enabling real-time access to cross-border payments and opening doors to greater economic participation for all.” Pamela Ho , Head of Network, APAC at Thunes.
Andrew Stewart , Chief Revenue Officer at Thunes, said: “EzyRemit’s focus on providing seamless, real-time cross-border payments to empower overseas communities aligns perfectly with Thunes’ mission to enable the next billion end users to participate in the global economy.
Andrew Stewart, Chief Revenue Officer at Thunes, said: “EzyRemit’s focus on providing seamless, real-time cross-border payments to empower overseas communities aligns perfectly with Thunes’ mission to enable the next billion end users to participate in the global economy.
As embedded finance becomes more sophisticated, it will likely expand its reach to underserved populations across Asia and beyond, enabling greater economic participation. Featured image credit: Edited from Freepik The post Embedded Finance Is Making Payments Easier for Everyone Across Asia appeared first on Fintech Singapore.
Their customers, who depend on those local banking relationships, are already underserved by the broader financial system and would be left further behind by the shift towards digital payments. Without Zelle, these smaller institutions may not be able to offer P2P payments and would struggle to compete in the marketplace.
Until access to credit becomes more open and decentralised, banks will continue to shape who can participate in the economy. Fintech apps attract younger users, underserved populations, and digitally native businesses. The post Banks and the Power They Hold appeared first on Fintech Review. Whether old guard or new entrant.
Over the past year alone, we’ve expanded our payout network to include new corridors in countries like Japan, Peru, Azerbaijan, Ukraine, Georgia, New Zealand, Benin, Comoros, Equatorial Guinea, and many more, taking our total reach to 155+ countries, including some of the most underserved regions of the world.
Scene Holding led the round, with participation from Access Bridge Ventures, Arzan VC and 500 MENA. The deal connects Blue Remit’s digital platform with TerraPay’s global infrastructure, enabling faster, compliant transfers to mobile wallets, bank accounts and cards, especially in underserved regions.
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.
Circle’s initial focus with CPN is on high-value, underserved global trade corridors. Because of this, Circle is currently focusing CPN on serving organizations transacting in high-value, underserved global trade corridors that rely on fiat dollars. “We are just getting started.
This collaboration will enable all participant partners in TerraPay Global network to send seamless international money transfers directly to Yape users, allowing them to instantly access their funds and take advantage of a wide array of financial services within the app.
Many conferences now dedicate tracks to fintech for underserved communities or the rise of women founders. Virtual participation increases access, but in-person attendance still offers deeper engagement. Many opportunities die from a lack of post-conference momentum. Diversity and inclusion remain hot topics.
Participants will also have the opportunity to take part in a sponsored trip to Slush in Helsinki. Are dedicated to active participation in the programme. The post JPMorganChase Launches Accelerator for UK Financial Startups appeared first on The Fintech Times.
Netbank has partnered with Discovery Credit Solutions Corp (DCSC) to introduce a financial service solution designed to streamline loan management and improve financial access for underserved communities.The solution enables Discovery Credit Solutions to efficiently manage loan disbursements, collections as well as account reconciliation.
At the same time, nearly 68 million people speak a language other than English at home, yet most savings platforms still offer little to no language support, creating a critical barrier to trust and participation. In fields where access is already limited, language becomes an additional barrier.
He will advise on PayFutures expansion strategy, as it targets high-growth underserved markets across the Middle East, Africa, South East Asia and Latin America. Serial entrepreneur Jens Hilgers, founding general partner at BITKRAFT Ventures, is among those participating in the second round.
In under one hour, participants were able to create real bots on real channels, not just slides and ideas. Participants will get hands-on experience building live AI agents for telephony, website, and internal knowledge systems. ” The self-paced, online program will go live later this summer.
To find out, we once again asked industry participants for their views. While these specialised companies can build substantial businesses by serving underserved niches, they face scaling challenges and distribution hurdles in reaching agents. ” The post Insurtech Outlook: How Can Insurance Firms Best Prepare for the Future?
The round was led by Index Ventures and featured participation from White Star Capital, Frst, Rerail, Bpifrance, and Blockwall. The round also featured participation from Raise Seed for Good and Alven, which led Skarlett’s pre-seed funding round in 2023, the year the company was founded. million ($22 million) in Series A funding.
D&I practices in the payments sector: 2025 industry survey findings 17 July 2025 by Payments Intelligence Survey overview 23 payments sector leaders surveyed UK-focused survey with global participation Commissioned by The Payments Association Focus: diversity and inclusion practices in the payments sector.
Grifin targets underserved investors, especially women ages 40 to 60. The Series A funding round, which brings the company’s total raised to $20 million, was led by Nava Ventures with participation from TTV, Draper Associates, Gaingels, Nevcaut Ventures, and Alloy Labs.
Thailand Post is positioning itself to join the virtual banking licensing race following approval from its board, according to a report by the Bangkok Post. This approach would diversify Thailand Post’s services and expand financial access to more segments of the population.
The funding was led by Phillip Private Equity and Azure Capital, with participation from several unnamed high-net-worth individuals. Capital C is headquartered in Singapore and has a presence in the Philippines through its Crawfort brand.
The fundraise also saw participation from several venture capital firms including Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners. We will continue to innovate and bring meaningful impacts to Indonesia’s massive population base, especially the underserved yet promising MSMEs in tier 2 and 3 cities.”
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. Potential for Financial Inclusion: Bridging the Gap DeFi holds immense promise for fostering financial inclusion by providing services to underserved populations.
Lim Boon Heng Lim added, “Income Insurance will continue to provide affordable and accessible insurance options to the underserved and lower-income customers, through products such as the LUV and SilverCare policies. Secondly, Income Insurance will continue to participate in national insurance programmes in partnership with the CPF Board.
Roy Agustinus Gunara “Given the underserved market conditions, we welcome IFC’s funding and expect it to support communities, enabling us to offer affordable formal financing to MSMEs, particularly WMSMEs, who have been historically overlooked. in Thai Credit Bank to Support Women-Led MSMEs appeared first on Fintech Singapore.
This move aligns with NOW Money’s mission to offer inclusive financial solutions to underserved communities and improve the financial well-being of its users across the GCC. The post NOW Money Partners with Mastercard to Empower Customers with Enhanced Financial Access appeared first on Fintech Finance.
The round was led by Indus Valley Capital, with participation from Gobi Partners, a prominent Asia-focused venture capital firm with US$1.6 With a clear path to scale by serving historically underserved users in Pakistan, Qist Bazaar is well-positioned to replicate the growth stories we’ve witnessed across the region.”
This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth. The post Mastercard and KaiOS Partner to Simplify Acceptance for Millions of SMEs in Emerging Markets appeared first on FF News | Fintech Finance.
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