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IFGS 2024 brought together industry leaders spanning innovators, fintech executives, institutions, regulators, policymakers, startups, and investors for two days of thought-provoking discussions in one venue.
fintech, financial inclusion, Open Banking, Open Finance, payments , regulation, financial data, cryptocurrency
Austria-based payment brand Bluecode has entered a strategic partnership with Alipay+ to enable its users to make payments at all of the latter’s supported stores across Europe.
partnership, QR code, QR payments, mobile payments, banks
Global financial technology company MoneyGram has entered a collaboration with Tencent Financial Technology in a bid to enable digital remittances in China.
partnership, online payments, ecommerce, financial inclusion, financial services, cross-border payments
Global payment network provider GLN International has entered a collaboration with SendMn and QPay in a bid to enable cross-border QR payments in Mongolia.
partnership, payments , QR payments, QR code, financial services
The Reserve Bank of India (RBI) has proposed to set up Digital India Trust Agency (DIGITA) to tackle illegal lending apps, verify approved ones, and promote transparency.
lending, fraud prevention, financial crime, digital verification, regulation
Kim Kacal, Payments lead for North America at Accenture, and Tim O'Donnell, Payments managing director at Accenture, explore the roadblocks keeping some banks from embracing FedNow, the Federal Reserve’s new instant payment service.
FedNow, banks, ISO 20022, B2B payments, ACH, real-time payments, artificial intelligence, fraud detection
Philippines has planned to block the Binance exchange by June 2024, giving time for investors to close their positions held via the exchange.
cryptocurrency exchange, regulation, AML, compliance, trading platform
Global payment network provider company GLN International has signed a memorandum of understanding with Nepal-based Fonepay.
partnership, cross-border payments, mobile payments, QR payments
Singapore-based cross-border payments company Thunes has announced the expansion of its strategic partnership with Visa, intending to allow new endpoints in Asia and Africa.
cross-border payments, digital wallet, financial services, partnership, expansion, SMEs, payment methods
Commercial bank of Ethiopia has lost more than USD 40 million after a systems glitch which let customers withdraw and transfer sums of money that was not in their accounts.
ATM, mobile banking, online banking, cash, banking
Cooperative Bank of Oromia has launched CoopApp and CoopApp Alhuda on Temenos Digital (Infinity) for a digitalised conventional and Islamic banking experience.
digital banking, Islamic banking, partnership, financial inclusion
MeaWallet, a digital payments enabler specialising in card tokenisation, has partnered with Fondeadora, a Mexico-based financial service provider.
online banking, mobile banking, tokenization, financial services, digital payments
Emanuel van Praag and Eugerta Muçi discuss EU initiatives like the Accessibility Act and Financial Data Access Regulation, emphasising safeguarding vulnerable consumers in digital finance.
financial inclusion, digitalisation, financial services, PSD3, PSR, FIDA, Accessibility Act, artificial intelligence, banking, fintech, regulation, EBA, RTS, SCA, data
We had the chance to talk to Ani Sane, Co-Founder and Chief Business Officer of TerraPay, who shared insights into the most pressing challenges and the future of B2B payments.
cross-border payments, ecommerce, B2B payments, marketplace, digital wallet, fintech, banks, FX
Alan Lin, APAC Head of Payments and Commerce Solutions at J.P. Morgan, shares insights on combatting fraud in payments, emphasising the significance of KYC and KYB practices, and more.
fraud prevention, online banking, tokenization, KYC, digital onboarding, scam
NPCI International Payments Limited (NIPL) and Fonepay Payment Service have announced that the Unified Payment Interface (UPI) is available for transactions between India and Nepal.
online payments, mobile payments, digital payments, partnership, UPI
Ant Group, the fintech affiliate of Alibaba Group Holding, has increased the mobile payment transaction limits for overseas visitors to Alipay and international e-wallets in China.
travel payments, e-wallet, digital wallet, cross-border payments, credit card, debit card
Anton Jan Cozijnsen from Rabobank discusses the rising financial cyber fraud trends and the necessity of tech investment and cross-sector cooperation to address emerging risks in 2024.
financial crime, fraud prevention, instant payments, online fraud, cybercrime, financial institutions
Synctera has introduced SyncteraPay, a new feature that allows its customers to work with any payment provider.
product launch, payment methods, payments , banking
Tarabut has partnered with Bahrain-based fintech BENEFIT to launch a consent authentication method that streamlines Bahrain’s Open Banking ecosystem.
Open Banking, partnership, fintech, data, financial inclusion