Jazz’s Post

dLocal, a payment platform originating from Uruguay that specializes in cross-border transactions, has formed a strategic alliance with @+iTransfer, a company focused on money remittance services. This partnership aims to tackle the complexities and challenges, such as currency volatility, that are often encountered with cross-border payments in emerging economies. The joint effort is designed to offer competitive exchange rates, provide real-time currency updates, and enhance the flexibility available to users. The primary objective of this collaboration is to reduce the risks associated with currency fluctuations and to streamline the efficiency of money transfers. Click the link to read more: https://lnkd.in/dvdhPwK6 #innovationvillage #dlocal #itransfer #fintech #payment #financialservices #moneytransfer #currency #businessnews #africanbusiness

Cambodia gained international attention in recent years for an explosion in digital payments and ecommerce solutions. Today, an expanding network of international partners, tech-focused financial institutions and dedicated innovators looking beyond fintech are all coming together to drive the adoption of new technologies in the Kingdom. For this story, originally published in the latest print edition of Focus Cambodia, we spoke with business leaders and industry experts to shed light on the latest developments in Cambodia’s digital economy and what to expect in years to come. To get your hands on your own hard copy of Focus Cambodia, reach out here. #Cambodia #Digital #Fintech #Finance #Digitalbanking #Economy ABA Bank | Zokhir Rasulov | Wing | Han Peng Kwang, | Cambodian Association of Finance and Technology | Tomas Pokorny | Boost Capital | Gordon Peters | Ministry of Economy and Finance | Vutha Kuong

🚀 Exciting News for Fintechs! A Major Advantage for Choosing Latvia! 🚀 As of today, non-bank payment service providers in Latvia can now directly join the Electronic Clearing System (EKS) provided by Latvijas Banka. This is a significant development for the fintech industry, enabling licensed payment institutions and e-money institutions to offer faster, more innovative payment services within the SEPA region. By opening up EKS access to non-bank providers, Latvijas Banka is laying the groundwork for a truly modern, competitive financial ecosystem. This initiative positions Latvia as an attractive hub for fintechs seeking a cutting-edge infrastructure and an innovative business environment. If you’re a fintech looking for a place to get licensed, now’s the time to explore Latvia’s growing advantages. With direct access to EKS, fintechs can provide instant payments and other services that will drive both customer satisfaction and business growth. Fintech companies: Don’t miss out on this opportunity! Join EKS and be part of a fast-growing, innovation-friendly financial ecosystem in Latvia. 🏦✨ For more please visit: https://lnkd.in/ezFM6Zyp #Fintech #Payments #Latvia #FinancialInnovation #EKS #InstantPayments #SEPA #LatvijasBanka #BusinessGrowth

🤔 What's unmissable at Money20/20 Asia? Money 2020 is one the world's most fascinating financial services events. As a superb opportunity for learning, here are the top ten sessions we're looking forward to: ✔ Bank of Thailand: Transforming Asian Fintech with Open Finance and Collaboration with Daranee Saeju, Assistance Governor, Bank of Thailand–Tuesday, 23 April, 10:00-10:20, Vision Stage ✔ Money Talks, ESG Walks: Financial Services' Stride to Sustainability with Peter De Caluwe, Deputy Chairman, Thunes–Tuesday, 23 April, 11:20-11:25, Collision Stage ✔ Navigating Challenges and Opportunities in ASEAN's Cross-Border Payment Landscape with Rebekah Wong at JPM, Wijitleka Marome at the Bank of Thailand, Aswin Phlaphongphanich at DeeMoney, and Ian Fong at Money 2020–Tuesday 23 April, 14:05-14:35, Vision Stage ✔ Capitalizing on the Next Frontier: Social Commerce Experiences with Kunal Chatterjee, Head of Innovation, APAC Visa– Tuesday 23 April, 14:10-16:30, Pathways Stage ✔ Payment Pathfinders: How To Conquer Cross-Border Challenges with Tim Shen at LianLian Global, Tessa Wijaya at Xendit, Ling Wu at TBCASoft, Tracy Prandi-Yeun at Boku– Wednesday 24 April, 10:00-10:30, Collision Stage ✔ Digital Bridges and Payments: Linking China to the World through Weixin and WeChat's Billion-User Network with Wenhui Yang at TenPay Global and Visa Kannan at Saison Capital–Wednesday 24 April,11:35-12:05, Pathways Stage ✔ Redefining the Filipino Financial Frontier: Pioneers Transforming Money's Future in the Philippines with Pebbles Sy at GCash, Douglas Feagin at Ant Group, Scarlett Sieber at Money 2020, Ernest Cu at Globe–Wednesday 24 April, 13:05-13:35, Vision Stage ✔ The Creator Economy's New Order: How Creators, Content Platforms, and Financial Institutions Are Changing the Rules of the Game with Monica Millares at BigPay, Nazim Ali at JPM and Gina Clarke at Money 2020–Wednesday 24 April, 14:15-14:45, Vision Stage ✔ East Meets West: The Role of Payments in Global Growth with Bogdan Dinu, Thunes, Shalini Khatwani at Netflix, Milind Sanghavi at Menyala, and Kristy Duncan at Women in Payments–Wednesday 24 April, 16:50-17:20, Collision Stage ✔ Are Traditional Banks in Asia Pacific Driving the Future of Digital Currencies? with Sharon Toh at SWIFT, Camilla Bullock at EPA, George Chou at Hong Kong Monetary Authority and Vincent Lau at HSBC, Thursday 25 April, 10:35 to 11:05, Vision Stage If you haven't already, please book an appointment with Thunes at booth 8007. Learn more about here ➡ https://lnkd.in/ecJPggJN

Last week Pismo team published an article and a comprehensive infographic on the Real-Time Payments landscape in Southeast Asia 🌏, one of the results of the partnership project between MIT’s G-lab and Pismo, and here are some highlights: https://lnkd.in/dxFXSjny Real-time payments are growing rapidly also in Southeast Asia, amid a process of economic modernization and digitalization, in which consumers increasingly demand faster and secure cashless payments, such as card payments and real-time payments. In this context, some of the countries and systems that stand out are 🔎 ● 𝐌𝐚𝐥𝐚𝐲𝐬𝐢𝐚 / 𝐃𝐮𝐢𝐭𝐍𝐨𝐰: The country is in the midst of a major effort to transform into a cashless economy, with the government aiming to meet bold targets in this regard by 2030 within the Malaysia Digital Economy Blueprint. In this context, DuitNow, launched in 2018, has emerged and continues to grow as one of the tools for achieving this, with billions already being transacted through the system; ● 𝗦𝗶𝗻𝗴𝗮𝗽𝗼𝗿𝗲 / 𝗣𝗮𝘆𝗡𝗼𝘄: A country in constant economic and technological growth. Like other countries in the region, Singapore has an advanced payment environment, led mainly by credit cards and also with real-time payment methods growth. Created in 2017, PayNow was launched as fostered by the Monetary Authority of Singapore (MAS) , also featuring QR Code payments, which are already very popular in the region; ● 𝗧𝗵𝗮𝗶𝗹𝗮𝗻𝗱 / 𝗣𝗿𝗼𝗺𝗽𝘁𝗣𝗮𝘆: An economy with major projects to digitalize the economy, with government targets running until at least 2026. The PromptPay payment system was launched in 2016 and allows payments between participating banks, also leveraging the use of QR Codes in the country and enabling identifiers for payments such as document number (ID), mobile phone number and bank accounts; ● 𝗜𝗻𝗱𝗼𝗻𝗲𝘀𝗶𝗮 / 𝗕𝗶-𝗳𝗮𝘀𝘁: In an economy with constantly evolving payments and digitalization, a wide variety of payment methods coexist in the country, and real-time payments are already widely accepted. There, Bi-fast was launched in 2021, a payment method developed by Indonesia Bank, also has e-mail and telephone as alternatives for identification for payments and QR Code are also a reality in Indonesia; ● 𝗣𝗵𝗶𝗹𝗶𝗽𝗽𝗶𝗻𝗲𝘀 / 𝗜𝗻𝘀𝘁𝗮𝗣𝗮𝘆: In a country where cash payments are still very prevalent, but with a growing downward curve, mainly due to technologies such as QR Code payments. Real-time payment systems such as InstaPay created in 2018 have already been widely adopted by the population and participating institutions, and the Central Bank is making efforts to make them increasingly accessible; Once again, congratulations to our colleagues at Pismo for the excellent publication and once again thanks Massachusetts Institute of Technology G-lab for the partnership in developing these researches 👏

UPI Eyes Growth in Africa and South America 🌍 India’s UPI has been a game-changer in digital payments, dominating over 80% of retail digital transactions in India, and is projected to exceed 90% by 2028-29. With its success story, UPI is now setting its sights on expanding into emerging markets in Africa and South America. The National Payments Corporation of India (NIPL) is actively collaborating with countries like Peru, Namibia, Brazil, and Trinidad & Tobago to build robust digital payment infrastructures modeled after UPI. If successful, this move could significantly enhance India’s role in the global financial system. Read more in KapronAsia’s latest report: https://okt.to/jTv8SN #UPI #DigitalPayments #FinancialInclusion #Africa #SouthAmerica #Fintech #FinastraPayments

This was a good read Cat Denoon-Stevens! I agree with you, fintech success comes to meeting customers where they are at and connecting with them to deliver a strong value proposition that meets their needs. This confirms a recent project I worked on which sought to increase uptake of digital payments in low-income communities and grant recipients in South Africa. We had to come to terms with the fact that cash is still very much king, instead of trying to replace cash altogether, we should consider aligning digital payment solutions to cash-usage and expense management patterns. For example, individuals in low-income communities tend to make small, frequent payments; also, there were payments where certain items were paid for once a week (school transport) vs. daily (food, airtime etc) - digital payment solutions we need to accommodate this (e.g. creating solutions that allow for low-cost, small and frequent digital payments).

My view on the growth of major payment systems like UPI and their drive towards interoperability, such as with China's WeChat Pay and AliPay, the forthcoming BRICS network, and MENA's switch expansion, points to a significant shift towards a unified global payments landscape. These efforts are streamlining cross-border transactions and fostering a more interconnected financial ecosystem, simplifying international commerce and enhancing financial inclusion worldwide. #upipayments #payments #paymentsystems #paymentnetworks #interoperability #money #banking https://lnkd.in/dauaPY6G

UPI Eyes Growth in Africa and South America 🌍 India’s UPI has been a game-changer in digital payments, dominating over 80% of retail digital transactions in India, and is projected to exceed 90% by 2028-29. With its success story, UPI is now setting its sights on expanding into emerging markets in Africa and South America. The National Payments Corporation of India (NIPL) is actively collaborating with countries like Peru, Namibia, Brazil, and Trinidad & Tobago to build robust digital payment infrastructures modeled after UPI. If successful, this move could significantly enhance India’s role in the global financial system. Read more in KapronAsia’s latest report: https://okt.to/eMDf6G #UPI #DigitalPayments #FinancialInclusion #Africa #SouthAmerica #Fintech #FinastraPayments #PaymentsSolutions