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Fasset Technologies, a global digital asset gateway in the Middle East, is to collaborate with Mastercard to expand financial capabilities in Indonesia. Fasset and Mastercard will co-develop solutions to support and expand financial and digital capabilities across the country. This includes Mastercard leveraging its domestic and global insights to drive local adoption of new technologies … Read more
Nigerian credit organisations fid it hard to source accurate data on the underbanked said CEO and founder of Carmachain, Ted Martynov. Carmachain is one company trying to put this right. It is the largest data company in Nigeria with active connections to over 80 million unique profiles. Its ambition is to decentralise data that empowers … Read more
As US inflation contiues to ride the up esculator, Dan Boardman-Weston, CEO and Chief Investment Officer at BRI Wealth Management, commented: “US inflation came in at 9.1% in June, compared to forecasts of 8.8% and core inflation crept ahead of expectations as well. Inflation is running at the highest level in 40 years due to … Read more
Cumulative merchant losses to online payment fraud globally between 2023 and 2027 will likely exceed a giangtuan $343bn. So says a new study from Juniper Research. The staggering fiugure equates to over 350% of Apple’s reported net income in the 2021 fiscal year. Online payment fraud includes losses across the sales of digital goods, physical … Read more
Muhoot Finance is to open 150 new branches across India. It is one of the country’s largest gold loan NBFC and recently got permission from the RBI to expand. Gold loan financers are increasingly being used in India by the underbanked to access credit otherwsie unavailabe to them.
KASINKORNBANK (KBank) is spending some US$3bn billion on technology to help boost banking access for Thailand’s unbanked and underbanked people. The programme will also help very small enterprises and the self-employed.
El Salvador’s Chivo digital wallet has largely failed as a digital wallet for cryptocurrency, but it just might succeed as a dollar debit app for unbanked citizens. So says US based think-tank The National Bureau of Economic Research (NBER). It calculated that just 20% citizens continued to use the country’s Chivo digital wallet after receiving … Read more
Taipei is on a mission to attract international startups. The Taipei City Government’s Department of Economic Development is promoting the “Soft Landing Program for International Startups.” For 2022, the first Taipei Entrepreneurs Hub (TEH) community networking event will be held at JustCo at Dian Shih Taipei on July 13 in collaboration with Fukuoka Growth Next, … Read more
GoCardless, a global leader in direct bank payments, is to acquire Nordigen, the freemium open banking data provider. Terms were not disclosed. Nordigen is a licensed Account Information Service Provider (AISP), regulated by the Financial and Capital Market Commission of Latvia and authorised in 31 European countries. It is based in Riga, Latvia. GoCardless, HQ’d … Read more