This month in FinTalk, we explore everything about Prepaid Payment Instruments, right from implementing its best practices to a definitive guide that drives its growth and profitability for businesses. We also bring you the exclusive interview of M2P's AVP Implementation specialist, Jayanthi, who is known for her multitasking skills.
Our article explores how businesses can benefit from prepaid payment instruments and leverage their immense potential for driving sales, customer experience, and revenue. Read more.
This article will take you through the history of prepaid cards and how it can drive business growth, no matter the industry. Starting from what needs to be the pre-requisite for choosing a prepaid card program manager to the challenges involved in the process, our blog says it all. Know more.
Our AVP Implementation specialist, Jayanthi, is a multi-tasker who handles client communication like a pro. Jayanthi is a secret lyricist and shares her love for dancing, cooking, and chai. She feels proud to be a part of the M2P family and shares the secret sauce to her fun-filled workday. Read more.
Africa has more than 50% of the Social Fintech companies in the world.
The global fintech market is all set to experience growth at a CAGR of 23.58% by the end of 2025.
Over 8000 alternative cryptocurrencies or 'altcoins' are active.
In 2021, valued at over $1.2 trillion in the United States and Canada, the biggest fintech segment is digital payment.
The adoption rate for banking and payment SMEs worldwide is 56%.
INDIA
India's FinTech sector received $2 billion in investment in the first half of 2021. Three FinTechs that underwent funding rounds are BharatPe with a US$ 370 million rise in Series E equity round, Jupiter with $45 million in a new financing round, and AI-powered finance concierge Zeni raised $34 million in a Series B funding round.
UK
Britain's investment in the financial technology industry has hit a new record, with almost £18bn worth of deals in the first half of this year, placing the UK second in the world behind the US.
Brazil
InstaCarro, a digital marketplace that connects used car sellers to dealers in Brazil, has raised $23 million in a Series B round of funding.
US
US Bank acquires SME expenses firm Bento Technologies, a B2B FinTech known as Bento for Business that offers card payment and expense management solutions for small and medium-sized enterprises.
MENA
The number of mobile wallets in Egypt increased to 16.3 million during the first half (H1) of 2021, compared to 14.1 million wallets in H1 of 2020, according to the National Telecom Regulatory Authority (NTRA).
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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