Posts Tagged ‘financial inclusion’
PFs and Financial Inclusion: How Payment Facilitators Help Drive Merchant Acceptance
All over the world, digital payments are experiencing a surge in growth. Much of the growth over the last few months is a result of pandemic concerns about handling cash and the need to obtain necessities during lockdowns. But those circumstances have only accelerated a trend that already existed.
Read MoreCard Networks Team Up for Simple Checkout; Paysafe Plays the Lottery: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreMastercard on Track to Bring 500 Million People into Financial System by End of Year
Reaffirming its commitment to helping to grow financial inclusion globally, a Mastercard executive recently said the company is on track to fulfill its stated five-year goal of bringing 500 million people into the digital economy by the end of this year.
Read MorePayU’s Plans to Grow and Merge; India’s Zero MDR Gets Pushback: News Roundup
PaymentFacilitator’s News Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MorePaytm Targets 1.5 Billion in Transaction Volume; QR Codes Proposed as Mandatory in India: News Roundup
PaymentFacilitator’sNews Roundup is a curated mix of the past week’s news and articles from around the web, including company announcements, global payments news, and other coverage and analysis of topics relevant to payment facilitators.
Read MoreQR Codes Begin to Gain Traction in Egypt
The Central Bank of Egypt has received 13 applications for QR code licenses from telecom companies and banks, according to a report in Menabytes.
Read MoreApp Data to Drive Risk Assessment for New Grab Fintech Platform
Grab – the Singapore-based company that started out as a ride-hailing app and became a payments platform – is expanding further into financial services.
Read MorePFs Help Remove Roadblocks on Way to Financial Inclusion
In a report published recently, Mastercard examines the barriers to financial inclusion in emerging markets and identifies ways forward to enable broader electronic payments acceptance. Payment facilitators are well positioned to help drive this effort.
Read MoreFirst Look at the OCC Special Purpose Charter: Good or Bad for Fintech Companies?
On Friday, the OCC announced it will begin accepting applications for special purpose national bank charters from financial technology firms. Reception of this news has been generally positive, with industry organizations such as the Electronic Transactions Association and American Bankers Association issuing statements in support of such a charter.
But the early take on the news from industry insiders indicates that it is a mixed bag for individual companies. Applying for the charter may be either a smart move or a bad idea, depending on who you are and why you want it.
Read More