Person-to-government (P2G) payments receive considerably less attention from the global financial inclusion community than payments such as person-to-person or government-to-person. This is despite their vast reach and significant value of USD $7.7 trillion globally. 1. Choose a wide-reaching P2G use case to begin digitization. When considering where to start when digitizing P2G payments, some use […]
MFSYS (Pvt) Ltd provides the best banking system & software solution that will provide you with cost effective & robust solution, which is easy to use for your banking operations. Core Microfinance Banking (CMB) is a pre-configured system for the specific requirements of Microfinance & Banking Organizations and provides an Enterprise Information System to build on. Can be easily […]
MFSYS (Pvt) Ltd provides the best banking system & software solution that will provide you with cost effective & robust solution, which is easy to use for your banking operations. Core Microfinance Banking (CMB) is a pre-configured system for the specific requirements of Microfinance & Banking Organizations and provides an Enterprise Information System to build on. Can be easily […]
More and more online credit providers have started to offer loans to not only consumers but also to SMEs around the world. Online lending for consumers and especially SMEs is highly relevant and important to expand access to finance and overall financial inclusion. However, trust, confidence and responsible lending practices need to be in place […]
New technology in the financial industry is changing how people manage their finances. This merger of financial services with technology, referred to as “fintech,” is a booming industry. In 2014 alone, technology-focused venture capital firms invested $12.2 billion in fintech startups, a threefold increase over the previous year. Startups are not the only companies racing […]
THE launch on Monday of the new African Bank marks the first time a fully fledged banking operation has emerged from curatorship in SA, and could serve as the basis for a new approach to resolving failed financial institutions. Rand Merchant Bank analyst Elena Ilkova said the new bank would start off as a more conservative […]
The true measuring stick of a new market trend often appears when customers have a number of credible commercial options to choose from. This very well may be the case for ‘challenger banks’ in 2017 as several companies, including Monzo Bank, Starling Bank and Tandem Bank, are expected to launch with new services that span […]
Central bank digital currency (CBDC) could have a substantial impact on the traditional concept of banknotes, Hiroshi Nakaso, Deputy Governor of the Bank of Japan, said recently. Speaking at the Forum Towards Making Effective Use of the BOJ-NET, Nakaso reflected on a number of areas including CBDCs, blockchain technology, and FinTech, among others. He noted that […]
Microfinance Institutions Network (MFIN), a self-regulatory organisation and industry association of the microfinance industry in India, launched a financial literacy mobile app for microfinance clients. The launch witnessed the presence of Ms Meenakshi Lekhi, Member of Parliament along with Mr. Manoj Mittal, Deputy Managing Editor, SIDBI and marked the inauguration of the two-day conclave. ‘Microfinance in […]
Powering the payments process will be fintechs such as Australian start-up Assembly Payments, which provides a single payment platform that is compatible with various disbursement channels, with clients so far including Gumtree, Airtasker and carsales.com.au. Online innovations such as Amazon’s digital assistant Alexa are already enabling customers to shop via voice-activated transactions, while messenger apps […]