The Rise of the Cashless Payments: Types, Benefits, and Examples from around the world
Cash is not the ‘King’ anymore! The digital advent of payments has entirely changed the scenario and has given rise to cashless payments. The first move towards cashless payment was a credit card in the 90s. In the same decade, the electronic banking…
Impact of FinTech on the banking and financial industry
FinTech solutions have become a norm due to the rise in startups in the past decade. It has revolutionized many financial businesses by making them acquainted with the technology. For banks, fintech brings a customer-centric approach, which can make…
All you need to know about NFC payments
99% of smartphones will be capable of making contactless payments globally by 2027. It means contactless payments are showing a tremendous increase. And NFC payments among them have gained next-level popularity. Customers love to make payments…
Challenges, Opportunities, and Solutions of Financial Inclusion in Developing Nations in Africa
Financial inclusion in dеvеloping countriеs in Africa is complicatеd. With significant growth in somе countriеs and nеgligiblе growth in othеrs. Thеrе аrе so many challenges around financial inclusion in thеsе countriеs, but thеrе is also a…
Benefits of NFC-enabled card issuance and its impact on contactless payments
In the digital payments world, where so many crucial innovations keep coming out every now and then, contactless payments have become very significant. And NFC-enabled cards happen to be one such innovation in contactless payments. The roots of this…
Expanding Financial Inclusion in Rural Africa: How eKYC Can Help Banks Affordably Serve More Customers
Africa is a continent of remarkable diversity, from bustling cities to sprawling rural landscapes. However, one issue that affects both urban and rural areas alike is financial exclusion. In rural Africa, where the majority of the population lives…
AI In Fintech: Use Cases Of Artificial Intelligence And Machine Learning In Fintech
The integration of artificial intelligence (AI) and machine learning (ML) has been the driving force behind fintech innovation in recent years. From fraud detection to customer service, AI and ML have transformed the way financial institutions…
How digital onboarding can provide a hassle-free banking experience to customers?
In today's fast-paced world, convenience is everything. Customers demand quick and hassle-free solutions to their banking needs, and banks are turning to digital onboarding to meet these expectations. Digital onboarding is a process that allows…
What is SACCOs and why should it be digitized?
SACCOs were first introduced in Germany in the 1870s for poor people to avoid control and exploitation from money lenders. In the 1900s, the idea moved toward North America eventually. Then it reached Canada, the United States, Australia, and Ireland…