/financial inclusion

Financial inclusion headlines

British Business Bank seeks proposals for Government's Tech and Science initiative

26 May

SC Ventures launches Tawi to improve financial access for smallholder farmers in Kenya

16 May

Spice Money and Boston Consulting Group to build platform for rural population

10 May

Binance launches AI-driven Web3 education tool

28 Apr

Techcombank and Personetics partner for AI-driven money management

28 Apr

Polaris Bank renews partnership with Network International

18 Apr

Ebax names Wiza Jalakasi director, Africa market development

13 Apr

Malaysian fintech du-it crowdfunds to support BNPL platform development

31 Mar

Paysera partners with Ria Money Transfer for cash pickup service

10 Mar

JPmorgan and Commonwealth expand work on effect of emerging tech on finacially excluded

27 Feb

More /inclusion announcements »

Sam Altman's Worldcoin project raises $115m

Sam Altman's Tools for Humanity has raised $115 million for Worldcoin, its effort to build an identity and financial network by giving away free crypto tokens to people who agree to get their irises scanned.

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US Congress members demand PayPal end ban on Palestinian businesses

Why UK Infrastructure Bank's risk appetite is different to most banks

LGBTQ+ banking startup Daylight shuts down

GoHenry’s co-founder & COO on keeping course under acquisition and expansion

BofA launches fintech accelerator

African fintech M-Kopa raises $250 million

Petal raises $35m; spins off B2B unit

Paysend inks $30m media-for-equity deal with TelevisaUnivision

Payments Canada Summit: Ghana's eCedi pilot

NextGen Nordics: Fintech firms and banks are now frenemies

[On-Demand Webinar] Fintech vs. Banking: Who will win the deposit war?

Financial inclusion blogs

Financial Inclusion

Closing the gap: How purpose-driven finance can drive the levelling up agenda

Steve Round

Steve Round - SaaScada - London

Banking

From Crisis to Opportunity: Using eKYC to Transform Banking

Shiv Nanda

Shiv Nanda - https://www.risinginnovator.com/ - Karnataka

Embedded Finance

How Acquirers Are Offering Instant Funding Without Putting Their Balance Sheet at Risk

Rob Straathof

Rob Straathof - Liberis - London

Financial Inclusion

Improving Financial Access for Refugees: How Fintechs Can Foster Inclusion

Joris Lochy

Joris Lochy - Capilever - Brussels

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Latest TV

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Why UK Infrastructure Bank's risk appetite is different to most banks

John Flint, CEO, UK Infrastructure Bank, speaks to Richard Peers from Responsible Risk, about the banks' role in stimulating investment in the UK's infrastructure to address, climate change mitigation, adaption, Nature based solutions and levelling up agendas.

Lord Deben implores us all to take action on Climate Change

In an exclusive interview with Richard Peers, ResponsibleRisk, Lord Deben, Chair of the UK Committee on Climate Change & Chairman of Sancroft International, speaks out about the urgent need for action, the role of Government, Financial services, corporations and citizens.

Removing barriers and addressing inclusion for fintech growth

Speaking at Innovate Finance Global Summit 2023, Janine Hirt, CEO, Innovate Finance, discusses FinTech's impact on the economy and society at large. She gives her outlook on the investment landscape, regulation and what more needs to be done to encourage a more diverse, inclusive Fintech culture.

Examining the Real Value Proposition of Crypto and Digital Assets

Speaking at Innovate Finance Global Summit 2023, Kirit Bhatia, Head of Business Development, International, Ripple, explores where crypto is having a tangible and positive impact, how digital assets can generate societal, environmental and economic benefits, and how best to spot and develop these.

The long read

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Scott Hamilton

Financial inclusion in the US: how to fulfil the unbanked, underbanked and unserved

Scott Hamilton - Contributing Editor, Finextra

Discussion

Sam Altman's Worldcoin project raises $115m

Ketharaman Swaminathan

Ketharaman Swaminathan

I wish WorldCoin enters into an alliance with UIDAI and airdrops 1B+ Indians this cryptocurrency for donating their iris - and fingerprint - scans for getting their Aadhaar ID.

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From Crisis to Opportunity: Using eKYC to Transform Banking

Ketharaman Swaminathan

Ketharaman Swaminathan

While the benefits of eKYC have been well-known for a long time, the technology continues to be plagued with regulatory ambiguity despite being around for 10+ years. Today's Economic Times reported that RBI has tagged all accounts opened via C-KYC as high-risk and has told banks / FIs that used eKYC to do physical check to authenticate accountholders. Not something that can't be fixed with lobbying but eKYC providers are naive to believe that they can succeed just on the basis of their features and benefits. Fintechs Need Marketers And Lobbyists, Not Lawyers

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LGBTQ+ banking startup Daylight shuts down

Ketharaman Swaminathan

Ketharaman Swaminathan

With Chime Varo and other horizontal neobanks struggling to scale profitably, I always felt these Niche Neobanks were a ZIRP.

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How Acquirers Are Offering Instant Funding Without Putting Their Balance Sheet at Risk

Ketharaman Swaminathan

Ketharaman Swaminathan

It's a fact that A2A RTPs like FPS and Zelle / TCH-RTP have not gained much traction for P2M payments in advanced nations like USA and UK probably due to high credit card and debit card penetration in those markets. However, the situation is the opposite in India, China and other emerging markets where credit card and POS penetrations have historically been low and A2A RTPs like UPI, AliPay, et al have taken P2M digital payments to the next level. To take the example of India, total credit card and debit card TPV was $120B whereas UPI TPV for P2M was $320B in 2022 (the rest of UPI TPV of $1.3T was P2P). PSPs like PayTM and BharatPe have a big business of lending - basis revenue etc. rather than credit score - to merchants whose UPI transactions they acquire. At the start of your post, acquirers are characterized as processing credit and debit card transactions. The exclusion of A2A RTP is fine in the context of advanced nations. Later in your post, it says global acquiring TPV is $27.80T. Now, "global" is global and must include emerging markets as well. Question: Does the $27.80T figure include A2A RTP TPV or only credit / debit card TPV?

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Featured

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BIS chief floats unified programmable ledger to turbocharge payments innovation

UAE to build CBDC and card scheme

Tanzanian money remittance app Nala launches in the EU

Finextra's year in review

The long read

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Madhvi Mavadiya

How can fintech firms in the UK do more for financial inclusion and wellness?

Madhvi Mavadiya - Finextra Research

Elsewhere...

The long read

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Madhvi Mavadiya

Should credit models that offer greater financial inclusivity be created?

Madhvi Mavadiya - Finextra Research