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Singapore’s Changi airport has grabbed the title of Asis’s busiest airport in Q2 from Hong Kong. Changi handled 7.3 million passengers for the three months ending June, 2022. Compare that to HK’s pre-pandemic levels when for the comparative quarter in 2019, it handled 19.1 million passengers Figures courtesy of Sobie Aviation.
Rwanda’s Bank of Kigali has launched the BK Arena Prepaid Card, giving anyone a visa card for digital payments without having a bank account. The BK Arena Prepaid Card is focussed at the unbanked youth. Users can easily load money onto a prepaid wallet and it can be used like any other bank card.
Catalonia Trade & Investment flagged ten super fast-growing Barcelona-based startups to watch in 2022, via media platform EU-Startups. It said: “Barcelona is one of Europe’s hottest innovation hubs for 2022 and is home to the coolest entrepreneurial events. With an increasingly metropolitan community, made up of highly skilled locals, digital nomads and young professionals, alongside … Read more
UAE Fintech startup AlphaCard is to launch a new crypto debit card, linked to a cryptocurrency wallat, that is aimed at the unserved and underbanked. The idea is to take cryptocurrencies mainstream by offering a prepaid card that allows users to spend their digital money at any Visa point of sale (POS) terminal. It is … Read more
Kontempo has raised $30m in a seed round. The money will go towards expaning its BNPL solution for B2B transactions in Latin America. Kontempo CEO and co-founder Matthew Meehan said: “Kontempo sees an opportunity with its BNPL product to increase the use of digital payments in the B2B space, boost sales for both online and offline distributors and … Read more
The Mexian prepaid card market is expected to increase from US$19.57bn in 2022 to reach US$33.80bn by 2026. The report, from Research and Markets, shows that the emergence of innovative prepaid card solutions has accelerated the growth of the prepaid card market in Mexico. With a rising fintech industry coupled with a large unbanked population, … Read more
Fintech Seamless, geared towards the unbanked in South East Asia, is going public via a SPAC vehicle called INFINT Acquisition. The valuation is around $400m. Seamless helps the unbanked and migrant workers in South East Asia. One of the Seamless solutions umbrella is Tranglo. It’s a cross-border payment hubs that provides smart services not only … Read more
By Rupert Thompson, Investment Strategist at Kingswood Equity markets saw further modest gains last week, continuing the recovery underway since mid-June. Global equities are now up some 10% from their low in local currency terms and 11% in sterling terms. The rally has been led by US equities. They have benefited from the recovery in … Read more
The number of Buy Now Pay Later (BNPL) users will surpass 900 million globally by 2027, up from 360 million in 2022. So says a new study from Juniper Research. This substantial growth of 157% will be driven by the anticipated economic downturn, which will increase the demand for low-cost credit solutions. BNPL schemes enable … Read more
Nolt Finance has been granted an operating licence from the Central Bank of Nigeria to aid financial inclusion in the country. It will now deliver financial services including investments and loans to SMEs and individuals. Nolt Finance is a disruptor in the social impact banking space. Nolt CEO Babatunde Dada said: “The CBN license gives … Read more
KMS has launched Kaypay for Vietnamese users from August 2022. Kaypay is an application that combines a social commerce platform with a pay-later payment method. KMS is a global software company committed to implementing a transparent buy now, pay later service and bringing authentic products to its end users. Kaypay is a no-service-fee for users … Read more
The Nigerian Postal Service (NIPOST) has signed a deal with eGate and Visa to facilitate digital financial services to target around 38 million unbanked adult Nigerians. This includes the issuing of payment cards and the support of financial inclusion across Nigeria. The Postmaster General/CEO of the Nigerian Postal Service (NIPOST), Dr Ismail Adebayo Adewusi, told … Read more
Norwegian VC firm Antler has come over all Iberian, opening offices in Lisbon and Madrid. Spearheading the expansion are Sérgio Massano, partner and director of expansion, and Ricardo Batista, director. Media reports suggest that the firm is looking to make 30 investments in Iberia by next year. Massano said: “Antler’s model is distinctive because we … Read more
In an effort to make life easier for Thailand’s unbanked and underbanked, the country’s Kasikorn Bank has launched K PAY LATER. The new product is a personal loan that provides credit line for purchasing consumer goods and necessities, under the banner of Shop Now, Pay Later. To apply for the loan, which has a maxium limit … Read more
