Global

Interview with Regional President CEMEA Visa, Andrew Torre

Brecorder

“Andrew Torre is Regional President for Central and Eastern Europe, the Middle East and Africa (CEMEA) at Visa Inc. He oversees Visa operations in more than 90 countries and territories across the region, cultivating relationships with clients and government authorities. He has been with Visa since 2002, where he held global roles across product, strategy […]

Tags: Pakistan

Global Risk

Bill Gates Visits MOSIP, Gets the T-shirt, Discusses Financial Inclusion Via the Platform

Biometric Update

“Bill Gates has visited MOSIP (Modular Open Source Identity Platform) in its hometown Bangalore for presentations on the project’s progress and plans, MOSIP has shared in a LinkedIn post. The Bill and Melinda Gates Foundation has been a backer of the free-to-use ID platform that avoids vendor lock-in.”

Tags: India

Global

UK Fintech Tintra Selects Temenos to Power AI-Led Inclusive Banking for Emerging Markets

Temenos

“Tintra PLC, a London-headquartered Deep Tech and Banking company, has selected Temenos to power its innovative new bank designed solely for emerging market clients. Tintra will be using Temenos core banking platform and market-leading payments as well as its Financial Crime Mitigation solution. Tintra’s mission is to create true fiscal inclusion in trade and finance […]

Global

Mastercard And Obopay Collaborate To Launch A Unique Prepaid Card To Power Financial Inclusion In Rural Communities

Business News Week

“Mastercard and Obopay today announced their collaboration to launch a financial inclusion card for smallholder farmers and rural communities. Powered by Mastercard’s Community Pass digital infrastructure, the prepaid card will allow farmers to receive the sale proceeds for their crop digitally, spend their earnings to make purchases even in remote locations that have poor or […]

Companies

New LexisNexis Risk Solutions Report Reveals Financial Inclusion is Accelerating the Adoption of Alternative Data Across Financial Institutions

LexisNexis Risk Solutions

LexisNexis® Risk Solutions unveiled the findings of its Alternative Credit Data Impact Report, a nationwide survey assessing the adoption, utilization and impact of alternative credit data for credit portfolio growth and management in consumer and small/mid-sized business (SMB) lending. The report surveyed those who identify as senior decision makers for marketing, lending and credit risk […]

Financial Inclusion Global Payments Mobile Wallets

Episode 191 - Fanning the Flames: A Year in Travel - Jordan

We’ve reached our final destination on Glenbrook’s 2022 tour of local payment methods around the world. Joanna Wisniecka joins Yvette Bohanan on this episode of Fanning the Flames to chat about her recent trip to Jordan.

Joanna walks us through her experience opening an account and and making payments with ZainCash, and also provides insights into JoPACC (Jordan Payments & Clearing Company) initiatives throughout the country.

Companies

Mastercard Partners with Copal to Launch Egypt’s First Family Payments Mobile Application

Middle East/Africa Hub

Copal, Egypt’s first digital payment solutions application specifically designed for families, enters a strategic partnership with Mastercard to introduce the first family payment and expenses management application in Egypt. This seamless solution aims to further drive financial inclusion in the country through the integration of underbanked youth into the formal economy.

Companies

Mastercard and ZoodPay Join Forces to Launch the First Virtual Installment Card Across EEMEA

ZoodPay

ZoodPay, a leading digital lending platform for e-commerce in the Middle East and Central Asia, has entered into a strategic partnership with Mastercard to launch the first-of-its-kind prepaid virtual installment card in the Eastern Europe, Middle East, and Africa (EEMEA) region. This collaboration will expand financial and digital inclusion, benefiting the underbanked population and those […]

Tags: Mastercard ZoodPay

Global Payments Mobile Wallets

Episode 188 - Fanning the Flames: A Year in Travel - Turkey & Ethiopia

Next up in Glenbrook’s travelogue series, Nikhat Choudhury joins Yvette Bohanan to share her experience making payments on a recent trip to Turkey.

In this double feature episode, Elizabeth McQuerry and Bethany May also provide observations on the local payments scene in Ethiopia, including their use of the e-money wallet Telebirr.

Global

Dubai-Based NOW Money Selects ThetaRay AI Tech to Prevent Financial Crime on the Inclusive Banking App

Reuters

“NOW Money, the GCC’s first mobile banking solution focused on financial inclusion, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced a collaboration to implement ThetaRay’s cloud-based AML solution to monitor cross-border payments and support in the prevention of financial crimes and money laundering on the fintech’s payments platform. NOW Money selected […]

Tags: India

Global

RBA Fears an Australian CBDC Could Sideline Banks and Displace the Dollar

Kitco News

“The Reserve Bank of Australia (RBA) published a speech by Assistant Governor Brad Jones which outlines some of the worrisome impacts that a central bank digital currency (CBDC) could have on the country’s financial system. Jones focused his remarks on the potential risks of a retail CBDC. “This recognizes that a wholesale CBDC would entail […]

Tags: Australia

Companies Global

Melinda French Gates Scans Paytm QR Code to Pay for Water at a Delhi Village

Business Today

“Philanthropist and co-chair of Gates Foundation Melinda French Gates, who is currently in India for a visit, while interacting with villagers at a Delhi village used digital payment app Patym to make a purchase at a kirana or a local store.  In a video tweet shared by Gates Foundation India, the 58-year-old billionaire can be […]

Tags: Gates Foundation India

Companies

Walmart Checking and Apple Savings: Different Motivations, Similar Outcomes?

Federal Reserve Bank of Kansas City

“Walmart and Apple have announced plans to offer traditional financial accounts. Walmart’s consumer checking account may advance financial inclusion by increasing account access to unbanked and underbanked consumers. Apple’s consumer savings account may change how credit card issuers offer rewards to their customers. Both offerings are likely to increase competition in the financial services industry, […]

Tags: Apple Walmart

Global

Mintoak Develops Merchant Solutions to Fuel Business Growth for MSMEs

PR Newswire

“In a bid to enable financial inclusion for the country’s SMEs, HDFC Bank, India’s largest private bank, has partnered with embedded FinTech platform, Mintoak to create an ecosystem for them, starting with payments. HDFC Bank’s SmartHub Vyapar was developed by Mintoak’s API-first, cloud-native tech to seamlessly deliver payment acceptance and access to commerce enablement solutions for the merchant in […]

Tags: India

Companies

Jingle Pay Partners with Mastercard to Boost Financial Inclusion

PR Newswire

“Jingle Pay, a UAE-based financial super-app providing money services, has announced a strategic partnership with Mastercard to provide innovative digital payment solutions that will drive financial inclusion. Jingle Pay users can now access the power and scale of the Mastercard network, which includes over 90 million merchants across the globe. Through this partnership, Jingle Pay will […]

Tags: Jingle Pay