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Mastercard Study: Share of Financially Excluded Consumers in LatAm Cut in Half Since COVID-19
The number of cash-only consumers, or those without a financial account, has decreased substantially in Latin America (LatAm) over the past couple of years, plummeting from 45% in 2020 to only 21% in 2023, a new study by Mastercard and
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56 Fintech Billionaires Worth a Combined US$327B in 2021
There are 56 fintech billionaires around the world who combine a total net worth of US$327.7 billion, data curated by Finextra based on Forbes’ 2021 World’s Billionaires list show. These represent some of the world’s biggest and most successful fintech
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Sonect Launches in the UK and Builds Cross-Continental Network in Latin America
Zurich-based Sonect has entered into a partnership agreement with Lana, a personal finance platform aiming to provide transactional accounts and financial services to gig economy workers throughout Latin America. The Sonect app allows customers to withdraw cash directly in the
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New BIS Working Paper Looks at State of Central Bank Digital Currency Projects Around the World
A new working paper by the Bank for International Settlements (BIS) looks at the state of central bank digital currency (CBDC) projects around the world. According to the study, as of mid-July 2020, at least 36 central banks had published
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One of the Hottest Swiss Fintechs Raises CHF8.45 Million for Series A
A few days after receiving an accolade as the «Next Global Hot Thing», Sonect, the pioneer of Virtual ATMs, has announced the completion of an oversubscribed Series A round. Together, all existing investors have contributed CHF8.45 million. Since its foundation
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10 New Fintech Startups for F10 Accelerator in Zurich
F10 Incubator and Accelerator goes into its second round with the P3 «Product to Market Program». The one-day matchmaking event taking place on Thursday, 7th of March, complements the existing F10 portfolio of international hackathons and the Accelerator program. Its
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Canadian Fintech Industry Set to Witness Strong Grow: Report
The Canadian fintech industry has seen tremendous growth in recent years and is expected to continue to expand exponentially as collaborations between fintechs and traditional financial institutions, new and improved regulations, and leadership in the financial services space continue to
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