Asia’s Drive for Financial Inclusion Means Opportunity for PFs

Payment Facilitator
Asia’s Drive for Financial Inclusion Means Opportunity for PFs
It’s hard to read the global news about payments without continually seeing something new happening in Asia. Companies like Paytm and Grab are expanding rapidly, enabling payments in innovative ways for small and micromerchants across the region.

Google Launches Google Pay; NMI Acquires Creditcall: News Roundup

Payment Facilitator
Google Launches Google Pay; NMI Acquires Creditcall: News Roundup
Google has launched its new Google Pay app, and NMI is expanding its omnichannel capabilities for ISVs and others with its acquisition of Creditcall. And in other news, Indian ecommerce leader Flipkart challenges Amazon with talks of a Walmart investment while the U.K.’s FCA reveals plans for a global regulatory sandbox.

RBI Recommend Regulatory Sandbox for Fintechs; Cashless Push Gains Traction in India, Hits $2 Trillion in Transaction Value: News Roundup

Payment Facilitator
RBI Recommend Regulatory Sandbox for Fintechs; Cashless Push Gains Traction in India, Hits $2 Trillion in Transaction Value: News Roundup
The Reserve Bank of India recommends a regulatory sandbox for fintechs while the country’s push towards a cashless society gains traction with a surge to $2 trillion in transaction value. The UAE Central Bank also develops a national strategy to facilitate the push towards cashless.

In Seven States, Money Transmitter Licensing Just Got a Little Easier

Payment Facilitator
In Seven States, Money Transmitter Licensing Just Got a Little Easier
Trying to get all 50 states to do anything exactly the same way may be an exercise in futility. But agreement on at least some things could still provide some relief for payment facilitators who are burdened with navigating the state-by-state patchwork of money transmitter licensing.