MUHAMMAD HAMAYUN SAJJAD Pakistan is in an exciting stage of development. Once synonymous with an informal, cash-heavy economy, the nation is now embracing technology and its power to unlock prosperity and drive development, and the banking sector must step up and play a crucial role in catalyzing this transformation to ensure its benefits reach every…
Sy-led BDO Unibank Inc. has introduced self-service machines and other digital innovations in its physical branches nationwide as part of its strategy of combining digital and physical banking channels to make financial services more accessible for Filipinos. BDO said that offering phygital (physical + digital) banking solutions to clients would complement the bank’s traditional over-the-counter…
Think global and eat local—Small and Medium Enterprises (SMEs) live the saying, and they happen to be the backbone of the world economy. Roughly 400 million SMEs account for 95% of worldwide companies and 65% of total employment. Greengage, a leading provider of financial services for SMEs, is excited to announce a collaboration that will…
The number of suppliers on a ‘dynamic purchasing system’ designed to facilitate the use of open banking across the UK public sector has reached 20 companies, six months after its launch. The ‘Open Banking Dynamic Purchasing System (DPS)’ has been created by the Crown Commercial Service (CCS) – an executive agency of the Cabinet Office – with…
Alita Sharon The financial landscape is rapidly evolving, with digital innovations paving the way for more inclusive banking solutions. GXS Bank, a digital bank in Singapore, is at the forefront of this transformation, focusing on gig economy workers, entrepreneurs, and young adults who are often underserved by traditional banking systems. According to the GXS Progress…
Paymentology, the leading next-gen global issuer-processor, today announces its partnership with Mama Money, one of Africa’s leading cross-border money transfer operators, and Access Bank, to launch a pioneering new bank card service that stands out for its innovative use of WhatsApp banking. Through its integration with WhatsApp, the Mama Money Card allows you to transfer payments…
Nearly one-fifth (19%) of UK consumers intend to increase their adoption of Open Banking payments over the next five years, meaning it will outpace other forms of payment method, according to new research. The study by emerchantpay, conducted among more than 2,000 UK consumers, found that cards continue to be the main payment method of…
By Steve Mbego June 24, 2024 Tala, the global Fintech company has announced plans to go after the 10 trillion US dollar global fintech market, defining it as the global majority population which represents 52 per cent of the world’s population. In the second phase of its operations, Tala will target this population that…
– Between 2017 and 2023, LAC’s fintech ecosystem recorded 340% growth. – Brazil, Mexico and Colombia account for 57% of total companies. – Fintechs strengthen their position in the payments segment. BOGOTA – The fintech ecosystem registered growth of more than 340% in the number of technological finance startups created in the last six years,…
Abu Dhabi Islamic Bank (ADIB), a leading Islamic financial institution, announced a strategic collaboration with DIFC Innovation Hub, home to the first and largest financial technology accelerator in the Middle East, Africa and South Asia (MEASA) region, to accelerate FinTech adoption. The bank signed a strategic partnership agreement during the 2nd edition of Dubai FinTech…