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Global

Digital Payments Provider i2c Granted Approval by State Bank of Pakistan to Serve As Electronic Money Institution

“i2c, a digital payments and banking technology provider, has revealed that it was selected to develop Pakistan’s TAG, which is described as a “digital-native” financial app. i2c is the latest Fintech firm in the country to be granted approval by the State Bank of Pakistan (SBP), the nation’s central bank, to operate as an Electronic […]
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Global

Pakistan Government Announces New Instant Digital Payment System

“Pakistan has announced a new government-run instant digital payment system in a bid to boost financial inclusion and government revenue in the country where only a fraction of economic transactions occur on the books. The new system, called “Raast” or “direct way”, will be rolled out in three phases culminating in early 2022, officials from […]
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Global

Aella, Amazon Partner on Underbanked Empowerment

Single point financial service and payment solutions firm, Aella App, said it is working with Amazon Web Services, Inc. (AWS) to empower underbanked individuals to have quicker access to credit and other financial services using Amazon Rekognition for identity verification.
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Global

In India, Smartphones and Cheap Data Are Giving Women a Voice

“Mallika, like 200 million other women in India, is illiterate. In the past few years though, millions of Indian women have gone online thanks to cheaper smartphones and mobile data, and apps that let them communicate using sounds and images. Anecdotal evidence suggests the phones are empowering many women to access information, build networks, and […]
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Global

WSJ News Exclusive | Jack Ma Makes Ant Offer to Placate Chinese Regulators

“The offer, not previously reported, appeared a mea culpa of sorts from Mr. Ma as he found himself face to face with officials from China’s central bank and agencies overseeing securities, banking and insurance. The Nov. 2 meeting took place a few days before Ant was supposed to go public, in what would have been […]