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 demand for secure, fast, and modern payment solutions has been pressing.

Instant Payments 69

Instant Payments Settlement Payments Central Bank 69

Fintech News

DECEMBER 4, 2024

As embedded finance becomes more sophisticated, it will likely expand its reach to underserved populations across Asia and beyond, enabling greater economic participation. Blockchain technology and cryptocurrencies could also disrupt traditional models, offering faster, more secure, and lower-cost transactions.

Embedded Finance 110

Embedded Finance Finance Payment APIs and Integration BNPL 110

Fintech News

NOVEMBER 4, 2024

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.

Underserved 104

Underserved BNPL Credit Cards Participant 104

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. Potential for Financial Inclusion: Bridging the Gap DeFi holds immense promise for fostering financial inclusion by providing services to underserved populations.

Finance 97

Finance Financial Inclusion Underserved Blockchain 97

PYMNTS

OCTOBER 23, 2020

The financial commitment from Mastercard and the Mastercard Impact Fund deposits the money into Community Development Financial Institution (CDFI) banks and Low-Income Designated credit unions, which assists women- and minority-owned businesses in underserved communities across the U.S.

Visa 108

Visa Underserved Small Business Credit Union 108

Fintech News

AUGUST 27, 2024

With its 1,600 branches and 25,000 postmen, Thailand Post aims to support virtual banks in rural and underserved areas by facilitating transactions such as cash deposits, especially for customers who are not well-served by traditional banks, including migrant workers and individuals without formal employment documentation.

Posting 113

Posting Underserved Facilitators Participant 113

The Fintech Times

MARCH 25, 2025

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.

Instant Payments 59

Instant Payments Payments Settlement Central Bank 59

The Fintech Times

JANUARY 28, 2025

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.

Service Provider 59

Service Provider FinTech Underserved Innovation 59

The Fintech Times

JANUARY 23, 2025

“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.

FinTech 64

FinTech Financial Literacy Cross-Border Online and Mobile Banking 64

Fintech News

JANUARY 7, 2024

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.”

Financial Inclusion 119

Financial Inclusion Underserved Participant Regulations 119

Fintech Finance

JULY 9, 2024

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.

Visa 98

Visa Financial Inclusion Fraud Detection Financial Literacy 98

Fintech News

JULY 25, 2024

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.

Underserved 113

Underserved Participant Continuity Acquirers 113

Fintech Finance

SEPTEMBER 24, 2024

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.”

BNPL 104

BNPL Underserved Non-Bank Finance 104

Fintech News

FEBRUARY 14, 2024

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.

Financial Inclusion 110

Financial Inclusion Non-Bank Underserved Finance 110

The Payments Association

DECEMBER 18, 2024

billion unbanked individuals globally, enabling participation in the formal economy and accelerating the transition to cashless societies.” This transformation will enable low-cost access to financial systems, empowering underserved communities and fostering inclusion.

Cross-Border 88

Cross-Border AI Push-to-Card Real Time Payments 88

Electronic Transactions Association

FEBRUARY 22, 2023

The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech , highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.

Underserved 40

Underserved Online and Mobile Banking Financial Literacy FinTech 40

Fintech Finance

SEPTEMBER 25, 2024

This, in turn, makes it harder for these businesses to meaningfully participate in the digital economy and limits inclusive growth. KaiOS and Mastercard are partnering to help millions of SMEs globally accept digital payments using KaiOS devices.

Visa 97

Visa Economy Digital Payments Enrollments 97

Payments Source

AUGUST 29, 2016

Financial institutions offering checkless checking is trending, and checkless checking accounts—as part of the FDIC’s 2011 Model Safe Accounts Pilot—appeared to perform well among the underserved consumer participants.

Checks 62

Checks FDIC CFPB Underserved 62

PYMNTS

OCTOBER 4, 2019

On Friday, PayPal offered up a statement that the company “has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”

PayPal 74

PayPal Underserved Participant Payment Networks 74

The Fintech Times

MARCH 18, 2025

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.

FinTech 59

FinTech Payment APIs and Integration Non-Bank APACS 59

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.

Instant Payments 69

Instant Payments Cross-Border Payments Financial Inclusion Underserved 69

Fintech Review

MAY 10, 2025

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. This allows them to lend at lower cost and scale quickly. But it is changing the balance of power.

Central Bank 52

Central Bank Push-to-Card FedWire Regulations 52

CB Insights

AUGUST 26, 2021

The round drew participation from Accel, LeapFrog Investments, Technology Crossover Ventures, and Farallon Capital Management. It also processed over $10B in transaction volume in that time, reaching over 5,000 money transfer corridors, including those in underserved parts of Asia and Africa. HOW’S THE COMPANY PERFORMING?

Online and Mobile Banking 69

Online and Mobile Banking Underserved Volume Participant 69

FICO

MARCH 25, 2020

“By overcoming the information limitations of traditional scoring and utilizing the FICO Score to optimize risk assessment, Home Credit has created a successful credit scoring model and, in the process, provided lending to underserved consumers.”.

Risk 97

Risk Financial Inclusion Point-of-Sale (POS) Risk Assessment 97

Fintech News

JANUARY 15, 2024

This allows participating wallets (both local and cross-border) and merchants to have a common standard interface for sending and receiving payment notifications. This broader perspective facilitates alternative credit scoring methods, potentially increasing lending to previously unserved or underserved segments.

Interoperability 113

Interoperability Cross-Border Payments Financial Inclusion 113

Clearly Payments

MARCH 11, 2024

Cryptocurrency offers a viable alternative for individuals and businesses, especially those underserved by traditional banking systems, to access financial services and participate in the global economy. Moreover, as Canada positions itself as a hub for blockchain and cryptocurrency innovation among the startup community.

Cryptocurrency 104

Cryptocurrency Consumer Protection Financial Inclusion Payments 104

Fintech Finance

OCTOBER 29, 2024

With only 48% of the adult population in Africa banked, according to the African Digital Banking Transformation Report ( [link] ), the collaboration between Orange and Mastercard is designed to accelerate financial access, contributing to the financial empowerment of underserved communities.

Visa 97

Visa Digital Payments Financial Inclusion Online and Mobile Banking 97

PYMNTS

JUNE 22, 2020

The nonprofit Opportunity Fund — which makes loans to small businesses owned by low- and moderate-income immigrants, women and other underserved clientele — started 2020 fairly optimistically. We have to remember that before COVID, particularly the underserved small businesses, they were not flush with cash,” she said.

Small Business 98

Small Business Underserved Participant Governance 98

Fintech Finance

AUGUST 22, 2024

The round also includes participation from Visa, Y Combinator, Saviu Ventures, Axian, Plug n Play, Verod-Kepple Africa Ventures and Acadian Ventures, a venture firm which specialises in investment into the next generation of work technologies. With the addition of integrated financial services, Workpay’s potential for growth is immense.”

Payroll 105

Payroll On-Demand Underserved Regulations 105

Faster Payments Council

APRIL 29, 2021

It is really critical to think about how we, as an ecosystem, can come together and drive the right financial services for unserved and underserved consumers and small businesses." Many underserved are being served with alternative banking means, which are arguably more expensive than they would be through the banking system.

Financial Inclusion 68

Financial Inclusion Faster Payments FPC Financial Literacy 68

The Fintech Times

AUGUST 14, 2024

In response to this, the American Fintech Council (AFC) sent a letter detailing its recommendations to develop regulations for AI and to increase clarity for industry participants. A unified federal framework is necessary for setting clear rules of the road and unlocking AI’s staggering potential to create a more inclusive financial system.

Treasury 69

Treasury AI Innovation FinTech 69

The Payments Association

MARCH 18, 2025

In India, telecom data is being leveraged to assess first-time borrowers, while in Kenya, mobile money transaction data is already driving credit underwriting for underserved populations. As of 2023, 113 accredited third-party providers (TPPs) were participating, with adoption growing across banks and fintechs.

Finance 88

Finance Payment APIs and Integration Non-Bank Embedded Finance 88

Tearsheet

JANUARY 28, 2025

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.

Zelle 52

Zelle Transactions Credit Union P2P 52

PYMNTS

NOVEMBER 11, 2020

s ShopRite stores, participates in a pilot program that lets EBT card users buy groceries online for delivery or pickup, Bloomberg reported. Kristina Herrmann , the company's director of underserved populations, said the program should help to "dramatically increase" access to food for more customers, according to Bloomberg.

Underserved 76

Underserved Governance Government Participant 76

Fintech News

FEBRUARY 4, 2024

Firms like Fidelity Investments, Wells Fargo , and Morgan Stanley are driving social impact through initiatives targeting minority and underserved groups. IIX’s operations are geared towards directing catalytic capital into underserved communities, offering a range of investment avenues, including ventures, bonds, and funds.

Returns 134

Returns On-Demand AI Underserved 134

Fintech Finance

MAY 9, 2024

Fable Fintech, an Express Partner of the Mastercard Move Partner Program, was the technical implementation partner of the solution, effectively collaborating with both Access Africa and Mastercard Move experts.

Cross-Border Payments 98

Cross-Border Payments Cross-Border Visa Financial Inclusion 98

Fintech News

DECEMBER 12, 2024

In these models, banks lend funds to intermediaries like fintech companies or non-banking financial companies (NBFCs), which then provide loans to underserved sectors such as agriculture, small businesses and affordable housing. One prominent use case is in onward lending models.

FinTech 98

FinTech Embedded Finance Payment APIs and Integration NOV 98