Skaleet’s Post

In line with our vision to continuously strive for excellence and ensure seamless transactions for our customers, TMB/easypaisa has completed a major tech stack upgrade of the Ericsson Mobile Financial Services platform, migrating it to the latest cloud-native version. The upgraded platform now operates on a state-of-the-art solution built on open architecture, offering a wide range of Application Programming Interfaces (APIs) and enhanced functionalities, enabling easypaisa to deliver faster, more secure, personalized, and user-friendly financial services, further solidifying its position as the country’s leading digital financial services platform. Moving towards establishing a digital retail bank (pending regulatory approvals) this upgrade empowers easypaisa to innovate and expand its digital financial services across Pakistan, accelerating its mission to drive financial inclusion nationwide. Read More: https://lnkd.in/duGxbyvf Mohammad Hasan Ayaz | Michael Wallis-Brown #easypaisa #Ericcson #fintech #tech #financialinclusion

++ Regtech Africa and AGPAYTECH LTD. Survey: 91% Africans Prefer Digital Payments Over Cash ++ In a groundbreaking survey conducted across the continent, RegTech Africa and Agpaytech have revealed a shift in consumer preferences towards digital payment methods. With 2,591 respondents from diverse regions, the findings underscore a resounding vote of confidence in electronic transactions, with a staggering 91% of participants expressing a clear preference for digital payment approaches over traditional cash methods. "As Africa embraces the digital revolution, it’s imperative for stakeholders to prioritize interoperability and user-centric design in crafting next-generation payment solutions. By addressing consumer concerns and fostering collaboration across the financial ecosystem, we can unlock the full potential of digital payments to drive inclusive economic growth." - Cyril Okoroigwe CISA, CISM, CRISC, PMP, CEO, RegTech Africa "These findings mark a pivotal moment in Africa’s journey towards a digital-first economy. The overwhelming preference for digital payment solutions underscores the transformative potential of fintech innovation in driving financial inclusion and economic empowerment across the continent." - Richard Amoah, CEO, AGPAYTECH Ltd. #techafricanews #africa #fintech #economic #empowerment #financial #inclusion #digitalpayments

🔍 𝗔𝗼𝘁𝗲𝗮𝗿𝗼𝗮’𝘀 𝗢𝗽𝗲𝗻 𝗕𝗮𝗻𝗸𝗶𝗻𝗴 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲 – 𝗞𝗲𝘆 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝟮𝟬𝟮𝟰 𝗢𝗽𝗲𝗻𝗳𝗶𝗻𝗮𝗻𝗰𝗲𝗔𝗡𝗭 𝗥𝗲𝗽𝗼𝗿𝘁 🔍 We were delighted to support OpenFinanceANZ on this new report (alongside Mastercard, Payments NZ, and FinTech Australia). It provides a valuable snapshot of the current ecosystem and what lies ahead. 🚀 📊 80% of consumer bank accounts are now covered by open banking initiatives, and major banks are leading the way in adopting API standards. 💡 Top insights: Payments use cases are leading at 76% 73% of participants use multiple data access methods The CPD Bill is set to accelerate standardisation in 2025 With regulation on the horizon and collaborative opportunities with Australia, Aotearoa is well-positioned to build a competitive and consumer-friendly open banking environment. 🌏 Swipe through for more highlights or read the full report here ➡️ https://lnkd.in/gudyds5D #OpenBanking #FintechNZ #DigitalInnovation #ConsumerData #Aotearoa #APIs #FintechCommunity #DataRights #FinancialServices Jason Roberts Graeme Muller NZTech

Core Banking: Build vs Buy 🔨 In the past, so-called universal banks developed all the IT tools required for their operations in-house, involving large teams to create and maintain the functionalities necessary for the smooth running of their business. However, over the past few years, new players and new uses have been shaking up the codes of core banking, offering a new, cloud-oriented vision. The growth of this model to meet new needs and the multiplication of Core Banking providers are raising questions for financial institutions, prompting them to abandon their legacy systems: should they opt for an "In-house" solution or call on an external service provider? Insights 🔦 FR version: https://bit.ly/43gStC5 Collectif API Thinking France FinTech Finance Innovation AEFI Asociación Española de FinTech e InsurTech The LHoFT - Luxembourg House of Financial Technology The Payments Association EU FINTECH BELGIUM Fintech District Holland FinTech AFIP - FinTech and InsurTech Portugal Fintech Norway SweFinTech European Digital Finance Association Fintech Association of South Africa (FINASA) Ghana Fintech and Payments Association Association of Fintechs in Kenya Fintech Association Of Nigeria FinTecHub Rwanda Fintech Association of Uganda Tanzania Fintech Association (TAFINA) FinTech Association of Tanzania Fintech Association Of Kenya #innovation #fintech #banking #openbanking #api #financialservices #corebanking #cloud #data #buy #build #designsystem https://lnkd.in/e8jqeRtp 

BaaS vs. SaaS: how to choose the right approach? 💡 To keep up with innovation and changing regulations, different approaches are emerging to support the development of fintechs. Business models such as banking as a service and software as a service are being considered. This article looks at how they work and puts their different characteristics into perspective to help fintechs make the best decisions. 👇 EN version: https://lnkd.in/enYiRery FR version: https://lnkd.in/eGpaP-2A Collectif API Thinking France FinTech Finance Innovation AEFI Asociación Española de FinTech e InsurTech The LHoFT - Luxembourg House of Financial Technology The Payments Association EU FINTECH BELGIUM Fintech District Holland FinTech AFIP - FinTech and InsurTech Portugal Fintech Norway SweFinTech European Digital Group Finance Association Fintech Association of South Africa (FINASA) Ghana Fintech and Payments Association Association of Fintechs in Kenya Fintech Association Of Nigeria FinTecHub Rwanda Fintech Association of Uganda Tanzania Fintech Association (TAFINA) FinTech Alliance of Tanzania Fintech Association Of Kenya #innovation #fintech #banking #openbanking #api #financialservices #corebanking #cloud #data #buy #build #designsystem

According to a report by Cambodia Investment Review, Cambodia’s digital transaction volume surpassed a staggering $492 billion in 2023. The burgeoning digital transaction volume signifies a thriving FinTech (Financial Technology) sector. This growth can be attributed to factors like increased mobile phone penetration, rising internet accessibility, and a growing young population comfortable with digital platforms. Catering to this growing demand, investors can consider opportunities in mobile wallets, online payment gateways, and digital lending platforms in Cambodia. #BRCM #CambodiaFinTech #DigitalPayments #CashlessEconomy

Bredec Group Bredec Ecosystem The Middle East is on the cusp of a digital payments revolution: Both Gupta and Morchio credit regional government master plans for creating a healthy ecosystem that allows cashless transactions to flourish. “ ... inquiry@bredec.com Inquiry@bredec.com

Recent research into the SA payments industry has revealed that there is a clear trajectory towards the adoption of electronic payments. This transition not only reflects evolving consumer preferences but also presents promising opportunities for all stakeholders within the ecosystem. Banks, merchants, financial institutions, fintech companies, and regulatory bodies stand to benefit from embracing innovative payment methods. Moreover, the widespread adoption of electronic payments holds the potential to significantly enhance financial inclusion across South Africa, providing broader access to financial services. Modernised Payments in South Africa, published by Electrum, provides invaluable insights into the dynamic payment landscape of South Africa. #Payments #DigitalPayments #PaymentsTrends https://lnkd.in/di65r9yh

I believe it's commendable that businesses are leveraging digital platforms through third-party payment providers to extend lay-by and credit facilities to demographics previously considered economically marginalized. This strategic move not only democratizes access to goods and services but also addresses the longstanding challenge of financial exclusion. By embracing digital solutions and partnering with third-party vendors, companies are not only expanding their customer base but also fostering financial inclusion, thereby contributing to broader socioeconomic empowerment. Such initiatives resonate positively with both consumers and stakeholders, enhancing brand reputation and fostering sustainable growth in an increasingly competitive market landscape. TLM

"How BaaS is Revolutionizing the European Banking Landscape" 𝐌𝐚𝐫𝐤𝐞𝐭 𝐕𝐚𝐥𝐮𝐞 : The Europe Banking-as-a-Service (BaaS) market was valued at USD 116.98 billion in 2023, with projections indicating a 9.4% growth rate in revenue. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰 : Banking-as-a-Service (BaaS) allows the seamless integration of financial services into various consumer activities on non-financial platforms, such as e-commerce, travel, and telecom. This enables services like taking a loan while booking a trip, purchasing micro-insurance for new items, or securing instant working capital loans for small businesses through e-commerce sites. 𝑪𝒍𝒊𝒄𝒌 𝒉𝒆𝒓𝒆 𝒇𝒐𝒓 𝒇𝒓𝒆𝒆 𝒔𝒂𝒎𝒑𝒍𝒆 + 𝒓𝒆𝒍𝒂𝒕𝒆𝒅 𝒈𝒓𝒂𝒑𝒉𝒔 𝒐𝒇 𝒕𝒉𝒆 𝒓𝒆𝒑𝒐𝒓𝒕:  https://lnkd.in/d4tc_Dfn 𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 : SolarisBank offers a modern REST API that lets clients integrate financial services into their platforms. Focused on automation and providing seamless infrastructure, the company helps users build scalable financial solutions.  A member of Mastercard and regulated by the French Prudential Supervision and Resolution Authority, Treezor was acquired by Societe Generale in 2018 to enhance its open innovation efforts. 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐫𝐞𝐧𝐝𝐬 : The European BaaS market is experiencing rapid growth, driven by the increasing demand for seamless financial services integration across various industries. Consumers are increasingly turning to non-financial platforms, such as e-commerce, travel, and telecom, for banking solutions, fueling the expansion of fintech services. 𝑼𝒏𝒍𝒐𝒄𝒌 𝒚𝒐𝒖𝒓 𝒆𝒙𝒄𝒍𝒖𝒔𝒊𝒗𝒆 𝑷𝑫𝑭 𝒏𝒐𝒘! https://lnkd.in/dh8GpRjT 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐠𝐢𝐨𝐧 : Germany is a leading FinTech hub in Europe and the fourth-largest globally. Many FinTech companies are setting up operations in the country, offering innovative and customer-focused financial services through technology. The growing appeal of the German market has attracted international FinTech firms, with services also extending to other EU countries via EU passporting. #EuropeBaaS #BankingAsAService #FinTechInnovation #DigitalBanking #OpenBanking #BaaSMarketGrowth #FinTechRevolution #FutureOfBanking #FinancialServicesTech #BaaSTrends #BankingTransformation #FinTechEurope #EmbeddedFinance #PaymentSolutions #TechDrivenBanking #BaaSAdoption #BankingInnovation #DigitalFinance #EUFinTech #ScalableBanking