A study conducted by Mastercard and RCBC reveals that access to payment-enabled devices does not automatically translate into active financial participation. What practical tech aspects do drive financial inclusion then?
While Europe’s PSD2 framework has propelled open banking adoption, Visa’s retreat in the U.S. shows how the lack of unified regulation leaves American fintechs at a disadvantage.
Lloyds is modernising legacy cash deposits so they work in a cash-lite, mobile-first world, making banking more embedded in everyday life with in-app barcode cash deposit scanning at PayPoint stores.
What happens when the financial ecosystem becomes too competitive? Siloed networks, overreliance on internal databases, and unscalable fintech innovations lead to poor decision-making and a wretched customer experience. Sadly, lack of interoperability still plagues many payments and broader financial systems across the globe.
Comcora, developed by XData Group, is built to empower banks and fintech startups to launch cutting-edge digital services rapidly, with minimal friction and maximum efficiency.
Mobile wallet usage in Australia has surpassed ATM withdrawals in both volume and value as local consumers increasingly turn to digital payments and digital banking methods.
Mobile money is one of the main drivers of financial inclusion in low-income economies where such financial accounts surpass traditional bank ones.
The EMEA banking sector displays a near-unanimous urge to change existing payments systems and solutions, setting aside $1,5 million average budgets for infrastructure modernisation.
SnelStart Group has just expanded with the acquisition of its long-term partner, Flow, which will continue to operate as an independent brand within a larger organization.
Digital challenger Lunar becomes the first bank in the Nordics to start Visa card processing on Pismo’s cloud platform, while its partnership with Wise allows Lunar customers to send money abroad at favourable terms.
E-commerce subscriptions are doubling every year, with Gen Z driving its snowballing popularity. Where there’s demand for subscriptions, there’s also a need for efficiency in recurring payments. CVRPs are getting significant interest share from merchants and payment service providers, making them a potential new stage in open banking progress.
Byline Bank on Monday, May 12, announced the expansion of the Payments and Fintech Banking division.
In Hong Kong, eight local digital banks intend to expand their wealth management services in the background of favorable results.
The first adaptive Mastercard product in Canada enables CIBC customers to maximise their shopping rewards using dynamic spending insights.
The European neobank Bunq is currently on its way to obtaining a banking license in the United States.
Taurus enterprise-grade digital asset infrastructure scales up to a new level with the innovative interbank network for digital asset collaboration.
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