Articles with tag like: financial inclusion

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Central Bank of Bahamas shares updates on Sand dollar CBDC progress

News | Cryptocurrencies | 07 Apr 2021

John Rolle, the Governor of the Central Bank of Bahamas, has shared some updates on the rollout of the Bahamas’ central bank digital currency (CBDC) which went live in October 2019.

CBDC, central bank, digital currency, cash, financial inclusion, mobile payments, e-wallet

Mastercard, Uber extend partnership to boost digital payments and advance financial inclusion in MEA

News | Online Payments | 07 Apr 2021

Mastercard and Uber have announced the extension of their partnership with a new strategic initiative focusing on boosting digital payments and advancing financial inclusions, facilitated by Mastercard across the Middle East and Africa.

Mastercard, Uber, partnership, financial inclusion, online payments

BBVA and Enel sign a EUR 1.35 bln sustainable linked guarantee facility

News | Payments General | 01 Apr 2021

BBVA and Enel have signed a EUR 1.35 billion sustainable linked guarantee facility, contributing to UN Sustainable Development Goal 7: affordable and clean energy.

investment, financial inclusion, banks

Digital bank designed for Black and Latino communities gets USD 40 mln

News | Online & Mobile Banking | 25 Mar 2021

US-based Greenwood, a digital banking startup designed for Black and Latino consumers and businesses, has raised USD 40 million from a host of US financial institutions.

digital banking, financial inclusion, lending, funding, Visa, Citi

Aliya launches aSCORE, an alternative credit scoring model

News | Online & Mobile Banking | 19 Mar 2021

Aliya, a company providing automated business solutions to financial institutions, has launched aSCORE, a measurement of borrower credit risk and resiliency and a FICO and Vantage score arbitrage tool. 

banks, financial inclusion, product launch, financial institutions

Green Dot deposited close to USD 2.6 billion in stimulus payments

News | Payments General | 16 Mar 2021

Green Dot Corporation has deposited close to USD 2.6 billion in stimulus payments to eligible recipients as of 12 p.m. ET Monday, 15 March 2021.

digital banking, bank account, financial inclusion

Experian teams up with FinScore

News | Online & Mobile Banking | 12 Mar 2021

Experian,  the global information services company, has partnered with FinScore, a provider of telco data credit scoring to the unbanked and underbanked populations in the Philippines.

financial inclusion, data, credit scoring, Experian

Jamaica planning to launch CBDC in 2022

News | Cryptocurrencies | 12 Mar 2021

During the annual National Budget Debate, Jamaica’s Minister of Finance has announced the CBDC will be piloted in December 2021 ahead of launch.

CBDC, financial inclusion, fintech, central bank

Square Financial Services starts banking operations

News | Payments General | 03 Mar 2021

Square’s industrial bank, Square Financial Services, has begun operations after completing the charter approval process with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions.

Square, digital banking, SME lending, financial services, financial inclusion

Saudi Central Bank launches instant payment system

News | Online Payments | 22 Feb 2021

The Saudi Central Bank (SAMA) has launched the ‘sarie’ instant payment system.

Saudi Central Bank, SAMA, Sudi Arabia, instant payments, financial inclusion, sarie, online payments

FPC reveals new Financial Inclusion and Real-Time Recurring Payments groups

News | Online Payments | 19 Feb 2021

The U.S. Faster Payments Council (FPC) has launched two new FPC Work Groups: Financial Inclusion and Real-Time Recurring. 

U.S. Faster Payments Council, product launch, financial inclusion, recurring payments, real time payments, Financial Inclusion Work Group, Real-Time Recurring Work Group

DenekB joins Visa's Fintech Fast Track programme

News | Online Payments | 08 Feb 2021

UAE-based fintech DenekB has announced that it has joined Visa’s Fintech Fast Track programme.

DenekB, Visa, Fintech Fast Track, UAE, MENA, financial inclusion, online payments, mobile payment, cards, virtual prepaid cards

Cuentas, Western Union sign 5-year agreement

News | Mobile Payments | 04 Feb 2021

Cuentas, a US-based provider of mobile banking and payment solutions, has signed a five-year agreement with Western Union to integrate digital money transfer services into the Cuentas mobile app and digital wallet in 2021.

Cuentas, Western Union, agreement, digital money transfer, mobile payments, cross-border payments, bank accounts, wallets, cards, financial inclusion

PPRO partners with Banking Circle to add value to PSP propositions

News | Online Payments | 27 Jan 2021

UK-based provider of local payments infrastructure PPRO has teamed with financial infrastructure provider Banking Circle to support PSPs working with cross border ecommerce merchants. 

PPRO, Banking Circle, PSP, partnership, local payments infrastructure, online payments, ecommerce merchants, financial inclusion, Citi, Elavon, Mastercard Payment Gateway Services, Mollie, PayPal, WorldPay, local payments platform, UK, Europe

The Big Exchange, Moneyhub partner for financial inclusion

News | Online & Mobile Banking | 26 Jan 2021

UK-based The Big Exchange has announced a partnership with Moneyhub to create an inclusive financial system to deliver positive social and environmental impact.

The Big Exchange, Moneyhub, financial inclusion, partnership, inclusive finance, financial inclusion, Open Finance, Open Banking

Innovation and regulation in the digital age - Interview with Jo Ann Barefoot, AIR

Interviews | Payments General | 13 Jan 2021

Jo Ann Barefoot, CEO and Cofounder of the Alliance for Innovative Regulation, shares her thoughts about digitisation, regtech, digital identity, financial inclusion, and how the new technologies are transforming financial regulation

Jo Ann Barefoot, Alliance for Innovative Regulation, interview, digitisation, fintech, regtech, digital identity, financial inclusion, financial regulation, fair finance, innovation, technology, financial crime

Pakistan launches government-run digital payments system

News | Online Payments | 12 Jan 2021

Pakistan has announced a new government-run digital payment system aimed at boosting financial inclusion and government revenue.

Raast, Pakistan, Asia, digital payments, financial inclusion, State Bank of Pakistan, Bill & Melinda Gates Foundation, government payments, merchants

Airtel Uganda, Mastercard to introduce virtual debit card

News | Cards | 12 Jan 2021

Airtel Uganda, in partnership with Mastercard, has introduced a virtual debit card, offering Airtel Money customers a secure platform to transact online globally.

Airtel Money, MasterCard, virtual card, financial inclusion

Is CDBC the key to unlocking financial inclusion?

Voice of the Industry | Cryptocurrencies | 12 Jan 2021

Gonzalo Santamaria and Jens Seidl from Currency Research discuss the potential CBDCs hold to create new opportunities to individuals that had previously declined financial access

Currency Research, Jens Seidl, Gonzalo Santamaria, commercial banks, Central banks, CBDC, financial inclusion, payments, cashless, stablecoins, Bitcoin, cryptocurrency

Saudi Central Bank issues Open Banking policy

News | Online & Mobile Banking | 11 Jan 2021

SAMA, the Saudi Central Bank (previously known as Saudi Arabian Monetary Agency) has issued the Open Banking policy listing the objectives and benefits of it for the local financial sector. 

Saudi Central Bank, Open Banking, banks, fintechs, financial inclusion