Regulation

American Bankers Association: CBDC would be advantaged competitor

Ledger Insights

“Today U.S. Congress will hold a hearing on the Digital Dollar Dilemma to discuss the implications of a central bank digital currency (CBDC) and potential private sector alternatives. The Federal Reserve believes that a CBDC will help maintain the dollar’s unique role as the international reserve currency, and improve financial inclusion for millions of U.S. citizens. However, […]

Global

World Bank Praises India's Digital Infrastructure for its Transformative Potential

Business Insider

“Advocating DPI’s potential in helping nations leapfrog digital transformation, a G20 document prepared by World Bank has praised India’s approach in unlocking the power of digital public infrastructure, including Aadhaar and UPI, for financial inclusion.”

Tags: India

Cross-border Payments Financial Inclusion

Episode 219 - Smart Takes on Cross-border Payments with Ryan Zagone, Head of Americas, Wise for Banks, and Joanna Wisniecka, Glenbrook

Ryan Zagone, Head of Americas for Wise for Banks, and Glenbrook’s Joanna Wisniecka join Yvette on this episode of Payments on Fire to help untangle the innovators' and incumbents' dilemmas in improving cross-border payments.

Companies Global

Kenya’s Lipa Later Partners Mastercard to Drive BNPL Solutions in Africa

Disrupt Africa

“Kenyan startup Lipa Later has partnered Mastercard to drive financial inclusion and expand Buy Now, Pay Later (BNPL) solutions in Africa, starting with Kenya and expanding to Rwanda, Uganda, and Nigeria.”

Tags: Kenya Mastercard

Companies

Connecting the Dots: How Adoption of Instant Payments Can Lead to a More Inclusive Economy

Atlanta Fed

“We examine how instant payments are an essential component of increasing financial inclusion. We explore how the Federal Reserve System, together with the private and public sector, is encouraging widespread adoption of instant payments because of their potential to help improve financial inclusion across a broad range of demographics and circumstances.”

Tags: Federal Reserve

Global

India’s Push to Democratise Credit Tests Limits

Reuters

“India is shaping its digital payments system into a credit engine. It wants banks to offer small loans through the channel residents use to transfer money via their mobile phones. But while the latest official effort to accelerate financial inclusion is gaining traction and will finally allow banks to monetise the homegrown system, it will […]

Tags: India

Companies Global

New Mastercard Study Reveals Financial Inclusion Momentum in Latin America, Highlights Remaining Gaps to Close

Business Wire

“Mastercard released a new report today, The State of Financial Inclusion post COVID-19 in Latin America and the Caribbean: New Opportunities for the Payments Ecosystem, demonstrating the mainstream adoption of digital financial products and services across seven Latin American countries (Argentina, Brazil, Colombia, El Salvador, Guatemala, Mexico, Peru) and the challenges that remain among those […]

Tags: Latin America

BNPL Merchants

Episode 203 - What Big Data Revealed About BNPL Consumers with Kristin Carlson and Zach Tondre, LexisNexis Risk Solutions

BNPL’s rapid ascent has raised questions about its use: Who is choosing to use BNPL? Is it helpful or harmful to consumers’ credit and overall financial well-being? Does it improve financial inclusion? Is it displacing other forms of payment at checkout? A quick online search leads to mixed data points and inconsistent findings, often based on modest sample sizes and extrapolations. To answer these questions, we sat down with Kristin Carlson, Global Products and Analytics Data Scientist, and Zach Tondre, Director of Credit Risk Market Planning at LexisNexis Risk Solutions, who conducted a longitudinal study to obtain insight into these and other questions.

Industry

ABA: Stablecoin Issuers Need to be Regulated Like Banks

ABA Banking Journal

Stablecoin issuance is a monetary exercise comparable to what regulated banks do and should be supervised accordingly to ensure financial stability and consumer protection, the American Bankers Association said today in a statement to the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion. The subcommittee will meet this morning to debate two bills on […]

Fintech Risk

Episode 201 - Fintechs, Banks, and the Companies Joining Them Together – In Conversation with Tarun Gupta, Jump Capital, and Chris Uriarte, Glenbrook Partners

Yvette Bohanan and Chris Uriarte are joined by Tarun Gupta of Jump Capital to explore the current state of payments risk management across these alliances, and discuss the opportunities to make this new landscape safe, strong, and sustainable.

Fast Payments Global Payments

Episode 198 - The Rapid Rise and Bright Future of Pix with Carlos Brandt, Head of Management and Operations for Pix at the Central Bank of Brazil - Pix Series #3

Wrapping up our three part series exploring Brazil’s Pix, Carlos Brandt, Head of Management and Operations for Pix at the Central Bank of Brazil, sits down with Yvette Bohanan and Elizabeth McQuerry to discuss some of the keys to Pix success and what the future looks like as Pix continues to transform Brazil’s payments landscape.

Fast Payments Global Payments

Episode 195 - Fast Payments Reach a Transformative Stage - Pix Series #1

Call them what you will - Instant Payment Systems, Fast Payment Systems, Real Time Payments - or by their brands UPI, RTP® and more - these payment systems are experiencing success around the world. In this first episode of a 3-part series, Yvette Bohanan sits down with Cici Northup, Joanna Wisniecka, and Elizabeth McQuerry to discuss the “state of play” for fast payment systems and the key questions to ask about what the future holds for all of us as the world enters a phase of transformative modernization.

Conferences & Meetings Digital Currency Fast Payments

Episode 194 - Fanning the Flames: Fast Payments, Digital Currencies and Fraud - Recent Conference Updates

In this latest episode of Fanning the Flames, Yvette Bohanan catches up with Joanna Wisniecka and Cici Northup after their recent attendance at the 2023 Payments Summit and the Fintech: Innovation, Inclusion, and Risks Conference. Listen in to hear why “FOMO is not the answer” when implementing fast payments (or anything, really), and their other key takeaways on the digital currencies and fraud topics.

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