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Mapped: GDP per Capita in the Middle East by Country 💰️ https://lnkd.in/g65wnH5S #middleeast #gdppercapita #saudiarabia #naturalgas

OMFIF DMI Future of Payments 2024 Official Link: https://lnkd.in/g77M4JHX The "OMFIF DMI Future of Payments 2024" report and it's an enlightening read for anyone involved in the financial sector. This report highlights the evolving landscape of cross-border payments and the critical role of digital currencies and innovative payment systems. Key insights include: - Geopolitical Dynamics: The report discusses how emerging markets are reshaping the payments ecosystem, challenging the dominance of traditional Western systems. - Technological Innovations: It emphasizes the potential of multi-#currency #CBDC platforms like Project #mBridge, which aim to enhance #transaction efficiency and reduce costs. - Collaboration Opportunities: The upcoming Digital Money Summit 2025 offers a unique platform for stakeholders across government, central #banking, and #financial services to collaborate on these pressing issues. This document is a must-read for professionals looking to understand the future of payments and the strategic shifts occurring in the global financial landscape. Highly recommended. #payments #digitalcurrency #finance #innovation #OMFIF

Exploring the Indian Banking Landscape: A Diverse and Dynamic Ecosystem India's banking sector is one of the most diverse in the world, comprising a rich blend of institutions catering to various financial needs. Here's a snapshot of the Indian Banking Landscape (2024) and the exciting trends shaping its future: The Ecosystem: - Public Banks (12): Offering retail and wholesale loan products, these banks form the sector's backbone. - Regional Rural Banks (43): Focused on agri-loans and empowering rural communities. - Private Banks (21): Retail and wholesale banking, driving innovation. - Cooperative Banks (106,770): A massive network supporting local and rural economies. - Small Finance Banks (11): Focused on #MSME and microfinance, crucial for financial inclusion. - Payment Banks (6): Revolutionizing consumer payment systems with limited deposit-focused offerings. - Foreign Banks (44): Bringing global expertise and services to affluent Indian clients. FinTech Partnerships Are Key To improve efficiency and service delivery, banks are increasingly collaborating with fintech players across: - Compliance and Risk Management: #KYC/ #AML solutions from players like AuthBridge and Think360. - Core Banking Infrastructure: Platforms like #Zeta, #Techurate, and #OneStack are driving innovation. - Neo-banks: Jupiter, Niyo, and others are disrupting the traditional #banking model with customer-centric solutions. - Payment Solutions: Gateways like #BillDesk and #Cashfree #Payments are transforming how we transact. The Road Ahead: #India's #banking sector is poised for further digital transformation, with fintech partnerships driving inclusivity, efficiency, and innovation. As the sector evolves, expect deeper collaborations, stronger customer experiences, and a focus on sustainability. Thank you 1Lattice Resource: https://lnkd.in/gDxWQW-D #Indianbanking #fintech #bankinginnovation #digitaltransformation #financialinclusion

#SmartContracts : The Core of #AssetTokenization A smart contract is a self-executing digital contract with the terms of agreement directly written into the code. It is built on blockchain technology, ensuring the transactions are automated, transparent, immutable, and tamper proof. These contracts are independent of middlemen or intermediaries, thereby reducing transaction costs and enhancing efficiency.

SME lending is at the epicenter of a massive transformation. Platform models, #ecommerce, embedded #finance and payments are in the driving seat. Let’s take a look.   Retail commerce has been going through a series of disruption events:   —    the rise of the e-commerce part —    the drive for hyper-personalized experiences —    platform economics —    social commerce and the influence of algorithms and AI —    new alternative payment methods taking central stage (i.e. BNPL)   At the same time retailers had to adapt to continuously changing macro headwinds (the pandemic, supply chain problems, high inflation, the war in Ukraine, etc), which had an adverse effect on their working capital requirements and, in turn, on their liquidity.   Retailers, therefore, have a bigger than ever need for access to lending and working capital, whereas the traditional #banking supply continues to be both limited and sub-optimal (expensive, complex, long cycles, lack of customization & digitization).   The result:   SME merchants are increasingly meeting their working capital needs outside of traditional banking.   Where / Who?   Partners that know them well, with 3 categories standing out:   —    Platforms and marketplaces (which account for big shift of the retailers΄ business)   —    Payment providers that have become one of their most critical infrastructure suppliers   —    Software partners, powering their back-office set-up: accounting, tax, ERP and CRM systems   The offering is known in most cases as Merchant Cash Advance and works as follows:   —    Embedded in the providers’ native offering —    Addressing SME merchants only within the providers’ ecosystem —    One fixed Fee, deductible upfront —    Automatic repayment tied to sales (fixed %) —    No collateral —    In partnership with banks or specialized providers —    In practice working capital financing   Examples:   Stripe, PayPal, Adyen, Shopify, Amazon, eBay, Intuit Quickbooks, Etsy and the list goes on.   To get an understanding of the size: Square Loans facilitated 461,000 loans totaling $4.78 billion in originations in 2023 alone.   The success of this offering lies in meeting a core SME need in a fast and uncomplicated way, following an embedded flow, on the back of existing merchant #data and without the need for any documentation or complex repayment requirements. Platforms, marketplaces, #payments and software providers help their existing clients grow by utilizing data they already have. It’s a win-win set-up based not on price but flexibility.   Holistic end-to-end merchant solutions that go beyond core offerings to cover adjacent needs will be a significant growth driver in the B2B space. Creating an encompassing all-in-one offering under a common roof that touches upon multiple areas of the merchant value-chain is the name of the game.   Opinions and graphic analysis: my own, Graphic flows: CB Insights   I have started a newsletter! Subscribe here: https://lnkd.in/dkqhnxdg

Digital Wallet Apps: how do they work? Basically, there are 3 distinct groups of B2C wallet apps: 1️⃣ 𝗣𝗮𝘀𝘀-𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; commonly designed as mobile-first, keep tokens that link to your credit and debit cards instead of storing sensitive data or money directly. They don’t take part in moving funds. Once a transaction is initiated, such apps just pass encrypted information to a merchant — hence, the name. In the course of further payment processing, the token travels to a payment network to be decrypted and checked against the actual card or account information in the issuing bank. After verification, the payment gets approved and sent to a merchant’s acquiring bank. So, only the network and an issuing bank will know the actual card or account details. Known for high security, pass-through wallets act essentially as extensions of credit and debit cards, so they are more widespread in regions with high card adoption, such as Europe and North America. Major examples: Apple Pay, Samsung Wallet, Chase Mobile app 2️⃣ 𝗦𝘁𝗮𝗴𝗲𝗱 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; also house tokenized payment details but don’t transmit them anywhere. Instead, they perform transactions in two stages. At the funding stage, the wallet acquires money from a customer’s bank account, credit line, or other source. Then, at the payment stage, it sends funds to a merchant. In this scenario, a wallet provider can make additional fraud assessments. At the same time, a payment network or card issuer may know nothing about details of a particular transaction that are disclosed during operations with pass-through solutions. Staged options often support peer-to-peer transfers and cryptocurrencies and allow for storing funds right in the wallet’s account. Major examples: PayPal, Google Wallet (former Google Pay), Cash App (the US and UK only) 3️⃣ 𝗦𝘁𝗼𝗿𝗲𝗱 𝗱𝗶𝗴𝗶𝘁𝗮𝗹 𝘄𝗮𝗹𝗹𝗲𝘁𝘀; work as prepaid cards. Before making a transaction, a user must load money to a wallet’s balance from a bank account, debit or credit card, via peer-to-peer transfer, etc. The availability of funding sources differs across providers, depending on the location and targeted users. A merchant withdraws money directly from the wallet. Stored wallets are especially popular in unbanked and underbanked countries since they enable people to deposit money without having a bank account. Major examples: Apple Cash (US only), Alipay (China’s most popular), WeChat Pay, Paytm Wallet (India’s largest platform for instant payments). The table below made by AltexSoft compares several global digital wallets👇 I highly recommend reading the complete deep dive article on this topic to learn all about this: https://lnkd.in/eU5Zbd5w Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story, Marcel. Next! [ 𝗹𝗶𝗸𝗲 ]

Visualized: Who Contributes the Most to the EU Budget? 💶 https://lnkd.in/g8kjuJmD #germany #europeanunion #economics #brexit

UK 🇬🇧 crypto regulation guide #blockchain #crypto #uk SynHedge

Largest Digital Wallets Compared: Shaping the Future of Payments Digital wallets are transforming how we pay, #bank, and manage finances. Here's a quick look at the biggest players in the space and their unique offerings: #ApplePay - iOS-specific, pass-through wallet - Supports NFC payments, debit/credit cards, and Apple Pay Later - 407M users across 80+ countries, accounting for 5% of global #transactions PayPal - Platform-agnostic, staged wallet - Supports QR-code payments, P2P, crypto, and more - 431M users in 200+ countries, with 3.3% global population coverage #GoogleWallet - For all Android devices, a staged wallet - Supports NFC, QR-code payments, debit/credit cards, and #P2P - 150M users in 70+ countries, popular in Android-centric markets #SamsungWallet - For #Galaxy devices with #Android 9+, a pass-through wallet - Supports #NFC payments and #MST payments (for older devices) - 100M users across 30 countries Alipay - Platform-agnostic, stored wallet - Supports #QRcode payments, mobile banking apps, and more - 711M users globally (300M outside of #China), catering to international travelers What does the future maintain? With advancements in #AI, #blockchain, and #biometrics, digital wallets will probably become more secure, interoperable, and flexible, creating seamless financial experiences worldwide. Thank you AltexSoft Resource: https://lnkd.in/gaWU4Y7i #fintech #digitalwallets #payments #innovation #technology

Big Ideas in 2025: Enterprise + Fintech ✅ When Regulation Becomes Code Companies in the banking, insurance, and healthcare industries spend countless hours and millions of dollars staying in compliance. Today, banking and insurance regulations span tens of thousands of pages; SBA lending documentation alone exceeds 1,000 pages. For businesses, keeping on top of these codes requires byzantine workflows and many hours spent hiring and training staff. Imagine, instead, that those lengthy documents — including text, images, and case precedents — could be used to train regulation-specific LLMs. Suddenly, compliance would become as simple as a Google query: “Is [X] compliant? What modifications need to be made?” The onerous process of staying up to speed on regulation also poses a less obvious cost to consumers. To give just one example, an estimated 1.5 million consumers fall behind on their mortgages every year. What if those people could talk to someone steeped in Fannie Mae’s 1,000+ page servicing guide to get quick, accurate answers on how to modify their loan and get some relief? AI agents can be quickly trained and are infinitely patient. LLMs can streamline this traditionally fraught process. The labor-intensive business of compliance is ripe for new software. AI can make our systems safer, more straightforward, and more efficient for consumers and companies. ✅ Ripping Out Legacy Systems of Record AI is driving enterprise buyers to reconsider their entire tech stack. Klarna’s move earlier this year to replace Salesforce and Workday with homegrown, custom-built AI solutions is just the tip of the iceberg. I predict this sort of cord-cutting — ripping out legacy systems of record in favor of more dynamic upgrades — will be replicated many times over. For the first time in over a decade, systems of record are vulnerable. Whereas the prototypical software company of the 2010s plugged into existing systems of record to power downstream workflows, today the most ambitious founders are reimagining that core system entirely. Relational databases will become multimodal: now that AI has advanced to actually performing work (instead of merely facilitating it), I expect to see customers seek out “systems of engagement” — dynamic, AI-powered tools that turn human “doers” into primarily reviewers. Systems of engagement will both store a core data set (customer details, order information, etc.) and serve as the primary application from which users complete their work. This will not be fast or easy. The incumbents in these categories have deep data moats and vast amounts of resources. 👉 Subscribe for more insights https://lnkd.in/d94JgWBU Source a16z #fintech #ai #enterprise Brice Ali Alex Michele Nafis Monica Lex Theodora Saleh