Global Fintech Trends - 16th August, 2024
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Ecobank Group Announces the Top Finalists for the 2024 Ecobank Fintech Challenge
Ecobank , the pan-African Bank, has announced the top finalists for the first-ever and inaugural 2024 Ecobank Fintech Challenge Hybrid Semi-Final event held at the Ecobank Pan-African Centre in Lagos, Nigeria.
Details
The finalists were selected from a cohort of 40 highly competitive Fintechs that made it to the semi-final stage of the competition.
This year’s challenge attracted over 1,550 applications from 70 countries in Africa and other global regions.
The finalists will showcase their innovative solutions at the Ecobank Fintech Challenge Grand Finale, scheduled for 27 September 2024, at the Ecobank Pan African Centre in Lomé, Togo.
Read more here: https://techlabari.com/ecobank-group-announces-the-top-finalists-for-the-2024-ecobank-fintech-challenge/ ?
Mastercard collaborates with fintech start-up Scale in Africa
Mastercard has partnered with Scale, an issuer orchestration partner, to accelerate market deployment for fintech companies across Africa and the Middle East.
The collaboration will alleviate key technical and commercial barriers to entry that fintech companies, aggregators, enablers, payment service providers (PSPs) and telcos face when launching payment programmes - enabling them to focus on their core business and launch new products and services efficiently.
“At Mastercard, we are committed to working with local ecosystem players to drive the growth of innovative payment solutions across the region with the aim of bridging the digital gap, enhancing financial inclusion and improving access to financial services. With its in-depth knowledge of the fintech landscape, Scale is our ideal partner in achieving these goals,” said Amnah Ajmal, Executive Vice President, Market Development, EEMEA, Mastercard.
Read more here: https://www.zawya.com/en/world/africa/mastercard-collaborates-with-fintech-start-up-scale-in-africa-tyxb1j7i ?
Airwallex Surpasses US$100 Billion in Processing Volume Amid Global Expansion
Airwallex, a global payments and financial platform, has surpassed US$100 billion in annual processing volume, marking a 73% year-on-year increase.
The company’s revenue run rate is now approaching US$500 million, with operations achieving cash flow positivity at the end of 2023.
Airwallex attributed this growth to the company’s strong product-market fit, expansive global infrastructure, and ongoing market expansion.
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TitaniumX: An opportunity to invest at the beginning of the Crypto Boom!
The world of cryptocurrencies and blockchain technology continues to develop at breakneck speed, and new and innovative projects come to the fore. One of these projects is TitaniumX, which offers a unique opportunity for early investors. In this article, we’ll look at what makes TitaniumX so attractive and why you should include it in your investment portfolio.
What is TitaniumX?
TitaniumX is an innovative blockchain platform that provides users with the opportunity to invest in a new and promising crypto project at an early stage. The project aims to provide transparency, security and the possibility of a significant return on investment. With the growing interest in cryptocurrencies, TitaniumX is positioning itself as a leading early-stage investment platform.
Read more here: https://disruptafrica.com/2024/08/15/titaniumx-an-opportunity-to-invest-at-the-beginning-of-the-crypto-boom/ ?
Klarna launches balance and cashback tools, expanding beyond payments
Klarna , a leader in the FinTech sector, has recently unveiled innovative features that directly challenge the core services of retail banks.
The introduction of everyday spending and saving capabilities signifies Klarna’s strategic move towards becoming an integral financial companion for global consumers. This expansion has been rolled out across 12 countries, including key markets in Europe and the US.
The newly launched Klarna balance feature allows customers to deposit funds into a Klarna account directly from their bank accounts. This facility is enhanced by the ability to earn cashback rewards through purchases made within the Klarna app or by processing refunds from returned items.
Read more here: https://fintech.global/2024/08/15/klarna-launches-balance-and-cashback-tools-expanding-beyond-payments/ ?
Technology’s Impact on Economic Inclusion to Take Centre Stage at the Inclusive FinTech Forum 2024
Building on the success of its inaugural event, the annual Inclusive FinTech Forum is set to return for its second edition on August 26-27, 2024. Hosted in Kigali, Rwanda, this year’s forum promises to be a pivotal event, highlighting the collaborative efforts of the Kigali International Financial Centre (KIFC), Elevandi – a company set up by the Monetary Authority of Singapore (MAS) to advance FinTech in the digital economy, and the National Bank of Rwanda.
This year’s theme, “Empowering Economic Inclusion Through Accelerated Technology Adoption,” aims to harness FinTech’s potential in promoting economic inclusion and driving sustainable development. The forum is expected to attract over 1,000 delegates, including global and regional leaders from various sectors such as Heads of State, policymakers, investors, and representatives from financial and development institutions.
The forum will feature high-level dialogues aimed at delving into strategies for achieving economic inclusion and driving the sustainable development of FinTech. Featured formats include:
Read more here: https://ffnews.com/newsarticle/fintech/technologys-impact-on-economic-inclusion-to-take-centre-stage-at-the-inclusive-fintech-forum-2024/ ?
UK government woos Revolut as fintech favours US for potential IPO
Building on the success of its inaugural event, the annual Inclusive FinTech Forum is set to return for its second edition on August 26-27, 2024. Hosted in Kigali, Rwanda, this year’s forum promises to be a pivotal event, highlighting the collaborative efforts of the Kigali International Financial Centre (KIFC), Elevandi – a company set up by the Monetary Authority of Singapore (MAS) to advance FinTech in the digital economy, and the National Bank of Rwanda.
This year’s theme, “Empowering Economic Inclusion Through Accelerated Technology Adoption,” aims to harness FinTech’s potential in promoting economic inclusion and driving sustainable development. The forum is expected to attract over 1,000 delegates, including global and regional leaders from various sectors such as Heads of State, policymakers, investors, and representatives from financial and development institutions.
Read more here: https://www.ft.com/content/96a29be3-97c5-4011-8c96-906a0fd8ddf2