NPCI

Global Fintech Fest 2023 - AFAQ and BUNA Systems Have Improved Payments in GCC: Khaled Al Basias of Saudi Central Bank

Retrieved on: 
Friday, September 8, 2023

MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.

Key Points: 
  • MUMBAI, India, Sept. 8, 2023 /PRNewswire/ -- Speaking at Global Fintech Fest 2023, H.E.
  • Khaled Al Basias, Director Financial Sector Development, Saudi Central Bank highlighted that the AFAQ and BUNA systems have helped improve payments in the GCC region.
  • AFAQ system was created in 2020 to link all the GCC countries' RTGS payments and central banks for foreign exchange transactions.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Standardisation Across Regulators Key for Interoperability Success: Adeeb Ahamed, MD, Lulu Financial Holdings

Retrieved on: 
Thursday, September 7, 2023

The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.

Key Points: 
  • The session was hosted by Maria Francis, Incharges for Americas, NPCI International Payments Limited.
  • Honor Gunday said, "For a foreign merchant wanting to process payments from India, it is difficult to take money out.
  • Besides, when consumers want to buy something from outside, their credit cards get blocked and mostly not open for foreign transactions.
  • Speaking on the complexity of interoperability, Tom Greenwood said, "UPI is the shining beacon example of successful implementation of RTP globally.

Global Fintech Fest 2023: Talent Biggest Challenge for Dubai Fintechs: Mohammad Alblooshi, CEO, DIFC Innovation Hub

Retrieved on: 
Thursday, September 7, 2023

Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.

Key Points: 
  • Talent is now the biggest challenge for fintechs in Dubai," said Mohammad Alblooshi, CEO, DIFC Innovation Hub.
  • This has led to Dubai being an importer of talent rather than producing its own.
  • He was speaking at a panel discussion on 'Roadmap to establish a thriving FinTech hub: Navigating challenges and driving FS innovation' at the Global Fintech Fest 2023 (GFF 2023).
  • He was joined by Takeshi Kito, Vice-Chair, Fintech Association of Japan, Nezar Alhaidar, Director, Fintech Saudi and Rehan D'Almeida, General Manager, Fintech Australia.

Global Fintech Fest 2023: Fireside Chat - AI Helps Improve Efficiency, Lower Organizational Costs: Thomas Kurian

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- AI helps financial institutions improve efficiency, change customer relationships and lower costs in the organization, said Thomas Kurian, CEO, Google Cloud.
  • He was engaged in a fireside chat with Renny Thomas, Senior Partner, McKinsey and Company on 'The Future of Fintech: Empowering Fintech with AI' at the Global Fintech Fest 2023.
  • With initiatives such as UPI and ONDC, many of the products are increasingly going to shift from traditional batch to real-time.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors |150K Sq.

Global Fintech Fest 2023

Retrieved on: 
Wednesday, September 6, 2023

“Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).

Key Points: 
  • “Information & Communication Technology and Digital Economy are the backbone of Rwanda’s economic development,” said Soraya M. Hakuziyaremye, Board Vice Chairperson and Deputy Governor, National Bank of Rwanda, during a fireside chat on ‘Innovation for Inclusion’ at the Global Fintech Fest 2023 (GFF 2023).
  • Today, fintech has become a robust and dynamic financial inclusion tool,” Smt.
  • Sitharaman said, dwelling at length on the role of fintechs in building a global responsible financial ecosystem.
  • Highlights of Global Fintech Fest 2023:
    3 days | 13 tracks | 800+ Speakers | 15+ Thought Leadership Reports | 81 Academic Papers | 50+ Workshops | 125+ Countries | 250+ Sessions | 250+ Investors | 500+ exhibitors | 150K Sq.

Global Fintech Fest 2023: An Early Adopter of Technology, Australia is a Thriving Market for Innovators - AusPayNet CEO Andy White

Retrieved on: 
Wednesday, September 6, 2023

MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.

Key Points: 
  • MUMBAI, India, Sept. 6, 2023 /PRNewswire/ -- "Australia was an early adopter of tap-and-go technology, effectively combating frauds.
  • During COVID, there was an incredible adoption of digital wallets, moving away from physical cards while retaining the tap-and-go convenience.
  • In another session on 'Australian Capabilities in Tech Sector', hosted by Vik Singh, Trade and Investment Commissioner, Austrade, Rehan D Almeida, General Manager, Fintech Australia, said that Australia and India could benefit from each other's strengths.
  • "Australia's new trade agreement brings opportunities for people with high skills to get access to the market and find opportunities in Australia.

Global Fintech Fest 2023: Banks and Fintechs Should Explore Partnerships, Navigate Regulations, Leverage Technology For Industry Innovation

Retrieved on: 
Tuesday, September 5, 2023

"Fintechs in India are driving more inclusion and influencing India's financial ecosystem.

Key Points: 
  • "Fintechs in India are driving more inclusion and influencing India's financial ecosystem.
  • Sitharaman said, dwelling at length on the role of fintechs in building a global responsible financial ecosystem.
  • Speaking on how banks and fintechs innovate, Christine Tan (Jang) said, "Banks have infrastructure to provide API access to fintechs and collaborate to scale up their offerings.
  • The alliance between banks and fintechs is the direct access to the latest technology, usually delivered in the form of white labels to banks and financial services."

PPRO Signs Strategic Partnership With NPCI International, Unlocking Simplified Access to India’s UPI Payment System for Cross-Border Transactions

Retrieved on: 
Thursday, April 27, 2023

PPRO , the leading digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.

Key Points: 
  • PPRO , the leading digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions.
  • For consumers, this means they can seamlessly make cross-border purchases in Indian Rupees using their favourite payment method.
  • Launched in 2016, UPI is India’s most popular instant payment system, already processing 60% of all domestic payments.
  • In March 2023 alone, UPI processed over 8.7 billion transactions, the highest since its launch.

India Prepaid Card and Digital Wallet Market 2023: Tokenization Can Accelerate the Digital Payments Adoption and Prepaid Card Market Growth - ResearchAndMarkets.com

Retrieved on: 
Wednesday, March 29, 2023

According to the publisher, the prepaid card market (value terms) in India increased at a CAGR of 18.4% during 2018-2022.

Key Points: 
  • According to the publisher, the prepaid card market (value terms) in India increased at a CAGR of 18.4% during 2018-2022.
  • The robust digital payments infrastructure, coupled with a high smartphone and internet penetration rate, has driven the prepaid card market in India.
  • Over the next three to four years, the growth in online shopping is expected to further accelerate the growth of the prepaid card market in India.
  • For instance,
    In-depth understanding of prepaid card and digital wallet market dynamics: Understand market opportunity, industry dynamics, key trends and drivers across 75+ market segments and sub-segments of prepaid payment instrument in India.