Tag "financial inclusion"

World Bank Global Findex : Indonesia Leads in Financial Inclusion Progress

The latest Global Financial Inclusion Index (“Findex”) database released today by the World Bank finds that Indonesia’s financial inclusion has made the most progress, across East Asia and the Pacific, in bringing its citizens into the formal financial system in

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How Real-Time Payments Can Support Financial Inclusion

In developing countries, digital banking platforms and real-time payments have been driving financial inclusion, providing the underbanked and financially excluded with affordable and convenient financial services, according to a new report by Vocalink, a Mastercard payments company. The report, titled

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Top 100 Financial Inclusion Companies, IFC Report

Through innovative business models, products and use of cutting-edge technologies such as artificial intelligence (AI), Big Data, digital identity and the Internet-of-Things (IoT), fintech companies are making significant progress in promoting financial inclusion, according to a new report co-authored by

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Grab Drives Fintech Ambitions with Grab Financial

Following Grab’s previous announcement on GrabPay and acquisition of Kudo, Anthony Tan, Co Founder and Group CEO announced the company’s ambitions to further strengthen their play in the fintech ecosystem through Grab Financial during his keynote at Money 20/20. Grab Financial will encompass

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New Peer-To-Peer Lending Players In Vietnam

A new company called Lendbiz was recently set up in Hanoi. The company offers a peer-to-peer lending platform targeted at small and medium-sized enterprises (SMEs) in Vietnam. Lendbiz joins other peer-to-peer lending platforms in Vietnam such as Timma, Vaymuon and

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Top Charts and Tables from UOB State of Fintech in ASEAN Report

The financial services industry in the Association of Southeast Asian Nations (ASEAN) region has seen an increase in fintech adoption fueled by the rapid adoption of technology, supportive regulatory regimes and the large population of financially underserved individuals and businesses,

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Cambodia Fintech Startup Report, Fintech Startup Map and Infographic

With some 25+ startups, Cambodia’s fintech startup landscape remains modest but is nevertheless growing steadily, according to a new report. Unsurprisingly, payment and remittance is the most crowded space with 16 startups. These include Wing, a mobile banking services provider

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New Report Emphasizes Importance of Fintech in Improving Financial Inclusion

Fintech has the potential to dramatically improve financial inclusion, according to a report by the Brookings Institution, an American research group. Incumbents, new entrants, government agencies and policymakers must collaborate in order to harness the full potential of fintech. The

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Top 10 Money Transfer Apps in Asia

For many developing countries in the world, remittances play a key role in their economies, contributing to economic growth and to the livelihoods of those nations. In 2016, more than US$440 billion went to developing countries that involved 250 million

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Fintech Takes Off In Indonesia

Investment in fintech startups is set to hit a record hit in 2017 with an estimated 50 deals to close this year, according to an analysis by CB Insights. While the overall industry is gaining traction from both consumers and

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