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This shift is not only improving industry efficiency but also opening the door to new possibilities Underserved Sectors Lead the Charge Embedded payments have become pivotal in addressing the needs of industries that require software tailored to their specific workflows. Watch the full interview with Adam Gray and PYMNTS to learn more.
” The post LemFi Acquires London Fintech Pillar to Expand Credit Services to the Millions of Underserved Immigrants in the UK and Across the Globe appeared first on FF News | Fintech Finance. I’m excited for the impact we will have together with LemFi to increase reach by 10X and build truly global access to credit.”
Nelson Wootton, Co-Founder and CEO at SaaScada, added: SaaScada is dedicated to making first-class banking products available to everyone, so were proud to work with ARIE Finance, helping underserved B2B businesses set up in growing markets.
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. Tranglo helps financial institutions and businesses pay through Tranglo Connect, its proprietary cross-border payments solution.
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. For more information on DecisionFi and its financing solutions, users can visit www.decisionfi.com.
” The post Aspire Unveils Visa Corporate Card for Underserved SMBs in Hong Kong appeared first on The Fintech Times. . “This collaboration reinforces our commitment to equipping SMBs with world-class payment methods that will help drive Hong Kong’s digital economy forward.”
Today JPMorgan Chase expanded its commitment to the United Kingdom by announcing £40 million in new investments over five years to help connect young people and underserved communities to economic opportunities – bringing the firm’s total commitment since 2019 to £90 million.
SMEs are, globally, the lifeblood of economies but perennially underserved and overlooked by the payments industry. This must change and, with the UK leading the charge, it is clear where to start. Read more
Developed using ReFi, a debt consolidation technology, OakbrookOne aims to make borrowing easier and more accessible, particularly for those traditionally underserved by mainstream credit. ” The post Oakbrook Taps Experian ReFi tech to Launch Debt Consolidation Offering to Underserved Customers appeared first on The Fintech Times.
This article explores how satellite-enabled fintech infrastructure is reshaping rural economies, unlocking digital financial access, and helping underserved communities join the global marketplace. Traditional networks can’t reach everyone—but satellites can.
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. The partnership seeks to address the significant credit gap faced by MSMEs in the region, which is estimated at US$2.5
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.
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.
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.
The rapid adoption of the Leja App over the past year highlights the power of local solutions tailored to underserved markets. These sectors have traditionally faced challenges accessing affordable credit and managing high transaction fees that cut into profit margins.
T hese Singapore digital banks are reshaping the sector by targeting underserved segments, driving innovation, and intensifying competition. GXS Bank , a partnership between Grab and Singtel, focuses on financial inclusivity for underserved groups, such as gig economy workers and young professionals.
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 Algorand Foundation today announced a new strategic partnership with Paycode , a global leader in biometric and offline digital payment systems, to advance inclusive financial infrastructure across underserved and remote communities.
Ant International also provides credit and lending solutions to underserved SMEs through its Embedded Finance unit, using AI and blockchain technologies. These initiatives have helped millions of first-time borrowers, over 95% of whom lacked prior credit history.
The underserved small and medium-sized business (SMB) market presents an opportunity for FIs looking to grow deposits. However, Q2 says that bycollaboration, advanced technologies like AI , and a centralised approach, banks and credit unions can become a strong ally for business customers in this ongoing battle against fraud.
The company aims to develop a broader suite of intelligent digital financial services targeted at underserved populations. Surfin Meta said the new funding will support its expansion into additional markets and enhance its research and development efforts.
Vertical SaaS companies often focus on developing solutions for complex or underserved industries that have typically been ignored by bigger software companies. Vertical SaaS companies often focus on developing solutions for complex or underserved industries that have typically been ignored by bigger software companies. through 2034.
Key considerations included the potential of the proposed virtual banks to serve a broad and diverse customer base, with particular attention given to the unserved and underserved segments, including retail customers and SMEs.
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.
AI and automation can unlock greater access to capital for underserved clients, lenders and venture capitalist investors agree. The rise of automated lending solutions was a recurring theme at the recent Bank Automation Summit 2025 in Nashville, Tenn.,
The company’s entry into Italy marks a strategic move into the fourth-largest eCommerce market in Europe, addressing a fast-growing segment that remains underserved by legacy payment providers. The expansion will enable Italian businesses to access a single platform designed to simplify payment processing, reporting and fraud prevention.
Underserved consumers relying on these services would be the ones feeling this impact the most. Ultimately, the AFC argued the new act could hinder financial inclusion as it would impose unnecessary burdens on responsible financial institutions and consequently make custodial accounts prohibitively expensive to offer.
Consequently, this will provide a scalable and efficient solution for underserved businesses in the region. Its hybrid approach seeks to reduce fees, speed up transactions, and simplify cross-border trading. IDENTI, Peru IDENTI offers a decentralised digital identity solution tailored for rural economies.
This move is designed to make Expensify more accessible to small and medium-sized businesses (SMBs), a market traditionally underserved by the financial tech industry. Expensify’s new Collect plan pricing delivers transparent value, making it easier than ever for growing teams to get started.
“ This strategic technology investment will help us to rapidly expand our offering, providing more customer-centric solutions and exceptional experiences for the underserved small business market,” explained Alex Myers , commercial director for savings at Aldermore Bank.
This approach not only strengthens tpay’s service capabilities but also extends financial access to underserved communities, narrowing the gap in digital financial services across META.
In addition to a focus on partnerships and their role in advancing underserved communities, the AFC also highlights that without consistent and clear oversight, community banks could be plagued by disproportionate compliance burdens.
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.
The aim is to enhance financial access for underserved retail customers and small businesses. The consortium, which holds over 20 financial service licenses across five Asian markets, aims to create an AI-driven virtual bank that empowers underserved communities through advanced technology.
This collaboration aims to digitise and streamline transactions for software platforms’ SME users in underserved industries, where card usage has historically lagged behind. All regulatory, compliance, and operational elements—including onboarding, AML, KYC/KYB, risk, and support—are fully managed by Unipaas.
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.
As BaaS evolves, it is helping fintech innovation reach new markets and underserved communities; which has the potential to greatly improve financial inclusion across the globe. Banking-as-a-Service (BaaS) describes the concept that enables non-bank platforms to access banking capabilities traditionally only offered by licensed banks.
Fair Finance , a non-profit social business tackling financial exclusion, has teamed up with Vanquis , a specialist finance provider for financially underserved customers, to launch a new decline referral scheme.
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.
It also reduces costs through resource sharing, enhances system resilience, and supports economic inclusion by expanding access to financial services for underserved groups. Over these years, CBI has developed several open banking and open finance services and achieved a variety of goals at national and international level.
It aims to align business growth with social value creation, particularly for SMEs and underserved markets. The new framework is structured around six focus areas—travel, trade, thrive, technology, talent, and trust—collectively known as the 6T areas.
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