In this edition of FinTalk, we look into how APIs, our fintech flag bearers, help power card issuance, risk management, and operations. Further, we explore secured credit card issuance possibilities for consumers with low credit scores.
Last but certainly not least, to help women restart their careers, we launched 'Better Half' , the world's first half-a-day employment programme. To catch up on all this and more, ensure you keep scrolling!
Issuing prepaid cards is a cumbersome task.
But, not anymore. APIs come to the rescue of prepaid card issuance by increasing go-to-market speed, managing collaboration, card security, and integration efficiency.
To know more, check out our latest blog.
And hey, don't miss our exclusive protip at the end of the article. Click here.
Think you need high credit scores to get a credit card? Think again.
We give you three compelling reasons why secured cards must be your go-to option if you run low on credit scores. Read here.
Around 190 million people do not have access to banking services in India.
Zenpay champions the cause of financial inclusion by providing zero-balance salary accounts, payroll cards and gift cards to blue-collared workers across India.
And we did our bit to help Zenpay Solutions progress towards its mission by taking care of card program management, operation, infrastructure management and card security. In fact, we also enabled them to scale up to their increase of 250% in customer base and 47% in customer transactions. Read on to know how we did it!
By 2022, almost 78% of the US millennial population will become digital banking users.
46% of consumers only utilize digital channels for their financial transactions.
The global prepaid card market size will reach $6.87 trillion by 2030, growing at a CAGR of 18.2%.
By 2027, the mobile payment market is expected to reach a market value of more than $12.06 trillion.
INDIA
The Reserve Bank of India provides customers with the ease of recharging FASTag accounts by linking all authorized modes of payments and instruments, including UPI and mobile wallets.
UK
A quarter of UK lenders prefer using Open Banking technology, and nearly nine in ten lenders have decided to adopt them within the next two years.
CHINA
The Xiong'an New District of Hebei province has pioneered the digital renminbi wallets for solar power smart contracts.
US
Pine Labs, a digital payments provider backed by Sequoia India and Mastercard Inc., has filed for its Initial Public Offering (IPO) with US Securities & Exchange to raise $500 million.
MENA
Binance is projected to become a fully regulated centralized cryptocurrency exchange. It has now received its in-principle approval from the Central Bank of Bahrain (CBB) in the Kingdom of Bahrain.
Introducing 'Better Half'
We believe that each career break women take is a standing testimony to their progression on a personal front. We respect that progress and sacrifice.
Realizing the unique challenges women face in India after taking a career break, M2P has launched the 'Better Half Program' - A formal employment program that helps women restart their careers and ease into professional life, starting with half a day's work duration. Know more.
Marching towards the Unicorn Club
Thrilled to feature in the 15 soon-to-be-unicorn clubs and share this honour with some truly remarkable fintechs who are making a difference in our industry. Read here.
That's it for now. See you again soon with all the need-to-know fintech updates!
Stay tuned. Stay curious.
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