Tagged: financial inclusion

October 17, 2023 @ 4:49 pm By Omar Faridi  |  

Coinbase (NASDAQ:COIN) is working to update the financial system that was built over 100 years ago by using crypto to provide people with more economic freedom and opportunity. To advance this purpose, Coinbase is building what it claims it the most “trusted” crypto products and… Read More

October 12, 2023 @ 8:39 am By Omar Faridi  |  

Zilch, the UK-headquartered ad-subsidized payments network, today proudly unveils Zilch Up – a product dedicated to empowering people typically excluded from mainstream credit. This will create access for millions “to build their financial profiles safely and responsibly and without paying any interest.” The introduction of… Read More

October 8, 2023 @ 1:50 pm By Michael Wong  |  

The Asian Development Bank (ADB) has approved a $300 million policy-based loan to support the Philippines government in creating a stronger institutional and policy environment to help expand Filipinos’ access to financial services, particularly the vulnerable segment of the population, and to promote economic growth…. Read More

September 26, 2023 @ 8:52 am By Omar Faridi  |  

Nearly nine in ten Americans believe it is time to update the financial system, but progress is being slowed “by resistance of those in power who embrace the status quo: outdated systems that limit economic freedom and opportunity for everyday Americans,” according to an updatre… Read More

September 24, 2023 @ 8:11 pm By Omar Faridi  |  

In order to support innovation, financial inclusion as well as the emerging digital financial services ecosystem, the State Bank of Pakistan (SBP) has reportedly issued In-Principle Approvals for launching five digital retail-focused banking platforms. Pakistan’s newly approved online banks reportedly include HugoBank, KT Bank Pakistan… Read More

September 4, 2023 @ 9:17 am By Omar Faridi  |  

Plend‘s ‘Financial Inclusion Report notes that the impact of a cost of living credit crunch’ is far-reaching. The update touches on the effects of “the cost of living crisis, personal and household finances, and the resulting impacts on access to financial services in the UK.”… Read More

August 16, 2023 @ 5:21 pm By Omar Faridi  |  

Paymentology, the global issuer-processor, announces an expanded partnership with Mastercard (NYSE: MA) to bolster financial inclusion across Guatemala, Honduras, and El Salvador. According to a recent Mastercard and Americas Market Intelligence (AMI) study, while most Latin Americans gained “access to basic financial products between 2020… Read More

August 12, 2023 @ 11:23 am By Omar Faridi  |  

Zirtue, the relationship-based lending app with a mission to drive financial inclusion, announces today its partnership with TruStage, a financially strong insurance, investment, and technology provider, built on the philosophy of people helping people. Formally known as CUNA Mutual Group, TruStage was “born out of… Read More

August 6, 2023 @ 10:34 pm By Omar Faridi  |  

Standard Chartered (LON: STAN) and Ant Group entered into an agreement to deepen their partnership in driving green and inclusive finance, global fund management and sustainable development. Both parties will jointly contribute “to tackling global issues such as climate change and ocean protection.” Dr. José… Read More

August 4, 2023 @ 9:17 am By Omar Faridi  |  

Pockit – the financial super app for low-income and underserved communities – has raised $10 million in a growth round “led by Puma Private Equity, with participation from The North East Development Capital Fund, managed by Maven Capital Partners and supported by the European Regional… Read More

July 27, 2023 @ 2:24 pm By Omar Faridi  |  

Credix, with support from Clave, launched a “first-of-its-kind,” fully insured receivables pool. Inaugural investors include the Solana Foundation and Keyrock. The receivables pool offers an investment opportunity “to accredited investors seeking up to a double-digit yield while insuring credit risk.” More specifically, the pool, “which… Read More

July 26, 2023 @ 7:52 am By Omar Faridi  |  

Revolut, the global financial super-app with more than 30 million customers globally, consistent with its ongoing mission to give customers more control over their finances and connect people seamlessly across the world, announces it is “offering accounts to non-US citizens in the US, who do… Read More

July 16, 2023 @ 12:45 pm By Tony Zerucha  |  

A new report from the United Kingdom-based The Payments Association suggests the area’s burgeoning Fintech sector can play a key part in helping folks emerge from poverty. Navigating the rising cost-of-living: Payments innovation as a game-changer analyzes the cost-of-living crisis and poverty premium in the… Read More

July 11, 2023 @ 9:29 am By Omar Faridi  |  

Digital payment platform Silverbird has announced several partnerships to accelerate further financial inclusion for SMEs trading internationally. Driven by the mission to expand the freedom of trade previously limited by traditional banking, Silverbird says that it “provides small businesses with multi-currency accounts that allow them… Read More

July 5, 2023 @ 10:04 pm By Omar Faridi  |  

Seedstars is announcing the launch of Financial Innovations for Women Affected by Migration (FIWAM), a growth program that aims “to identify and support fintech companies that are focused on promoting financial inclusion, particularly for women migrants and women affected by migration.” Applications are open until… Read More

June 28, 2023 @ 3:23 pm By Omar Faridi  |  

Dock, an innovator in payments and digital finance infrastructure across Latin America, announced the launch of Responsible Credit Solutions on its proprietary Dock One platform. These solutions enable businesses “to offer an array of flexible, customizable credit and loan products to their customers in a… Read More

June 19, 2023 @ 11:35 am By Omar Faridi  |  

We recently connected with Andrew Saks, who talked about the importance of financial inclusion for the vast majority. Notably, 1.4 billion people remain unbanked, which takes several countries in Southeast Asia to allow a larger virtual currency ecosystem to take root in their countries. The… Read More

June 11, 2023 @ 6:54 pm By Omar Faridi  |  

Tonik recently revealed that it’s pleased to announce that they have successfully “onboarded over 1 million users since they launched in March 2021.” According to Tonik, this is such a momentous occasion for them “because it is solid proof of our significant contribution to improving… Read More

June 1, 2023 @ 1:17 pm By Omar Faridi  |  

Traderpal is described as a simple and easy-to-use app designed to democratize access to financial markets for Spanish-speaking individuals. With Traderpal, users can “invest in thousands of US stocks, and ETFs and start building a diversified investment portfolio to help them achieve their financial goals.”… Read More

May 26, 2023 @ 5:23 pm By Omar Faridi  |  

Bitfinex, a  digital asset trading platform, has announced a new investment in the leading Chilean crypto firm Orionx, as both companies look “to ramp up efforts to promote financial freedom and inclusion throughout Latin America.” Paolo Ardoino, CTO at Bitfinex, said: “We’re excited to collaborate… Read More