Alliance for Financial Inclusion (AFI)’s Post

Cheers to the New year and New beginnings! This new year, ensure constant digital innovation and growth for your business. Begin your business’s digital payment journey with Oxymoney. Happy New Year 2024✨ #DMI #FinTech #DigitalPayments #BankingSimplified #PaymentsSimplified #NewYear #NewYear2023 #NewBegining

Introducing MoneyApp – A Secure and Smart Way to Lock and Plan Your Finances Excited to share a sneak peek of MoneyApp – our platform designed to help you manage your finances with discipline and ease! 🚀 With MoneyApp, you can: ✅ Deposit money and lock it until a specific date and time. ✅ Ensure your funds are securely held and automatically transferred back to your bank account upon maturity. ✅ Plan ahead and build better financial habits. Check out the video below to see how our user-friendly interface and automatic transfer system work in action. We believe this tool can help you achieve your financial goals with transparency and reliability. Visit our website: https://lnkd.in/dPcqbi-h #FinTech #FinancialPlanning #MoneyManagement #UserExperience #TechInnovation

Policybazaar.com, an insurance marketplace focused on India’s middle class, and Paisabazaar, a credit marketplace, both achieved significant growth and profitability in FY24. #PBFintech Overall Business Performance: 🔹 Strong Growth: 37% YoY growth in insurance premium and 34% YoY growth in consolidated revenue. 🔹 Profitability Achieved: Moved from a loss of ₹488 Cr in FY23 to a profit of ₹64 Cr in FY24. Adjusted EBITDA also significantly improved, reaching ₹144 Cr. 🔹 Core Online Business Growth: Revenue doubled and margins went from -9% to +14% in the rolling 12 months ending March 2024. 🔹 New Initiatives Progress: Revenue grew 4.7x in the rolling 12 months ending March 2024, with significant margin improvement and maintained market leadership. Insurance Business Highlights: 🔹 Market Leadership: 93% market share among online aggregators, with ₹20k Cr annual run rate (ARR) of insurance premium in Q4 FY24. 🔹 Health & Life Focus: 39% of new premium came from protection products like health and term insurance. 🔹 Regional Expansion: Expanding reach to tier 2 & 3 cities through regional language campaigns and on-ground sales support in 180+ cities. 🔹 Tech & Customer Focus: Leveraging technology for improved customer experience and partner relations. High customer satisfaction (CSAT) of 89% in Q4 FY24. 🔹 Claims Support: Providing on-ground claims support with a TAT of 30 mins in 117 cities, resulting in improved claims settlement ratios for partners. Credit Business Highlights: 🔹 Market Reach: ~8% of credit enquiries in India happen on Paisabazaar. 🔹 Customer Base: 4.34 Cr consumers accessed their free credit score on the platform, representing over 15% of India’s active credit score users. 🔹 Disbursals & Issuance: ₹14.8k Cr in loan disbursals and 5.8 Lacs credit card issuances in FY24. 🔹 Profitability: First full year of adjusted EBITDA positive with ~10% margin. 🔹 Technology Focus: 75%+ of cards issued in Q4 FY24 were through end-to-end (E2E) digital processes. 🔹 Co-created Products: More than 25% of disbursals and ~50% of credit cards come from co-created products with partners. 🔹 Focus on Secured Loans: Expanding into the large and growing secured loan market.

Africa's rate of financial inclusion is making great strides as traditional banks and emerging fintech innovators combine to drive adoption of digital payments and other innovations. From mobile networks partnering with credit providers to support SMEs, to a range of tailored payment innovations designed to meet the unique needs of African merchants, the continent is a thriving hotbed of payment and related innovation that is transforming the African economy. In this week's #Crossfin #newsletter, we look at some of the latest developments in financial inclusion in Africa, including: # Mastercard and MTN have entered into a partnership to link millions of individuals and small businesses in Africa with digital payment tools; # Standard Bank has increased its digital retail client base by 8%, facilitating 2.8-billion digital transactions over the past year; # AI tools are entering the African market, with one pioneering tool allowing feature phone users to leverage local mobile networks to send commands or information requests through SMS and voice calls; # South Africa's fintech sector faces a wake-up call following the country's FATF greylisting, with anti-money laundering and KYC protocols becoming increasingly important; and # Crossfin company Sybrin has collaborated with the Linux Foundation and other integrators to launch Tazama, a revolutionary open-source solution for real-time fraud management. Get all the news and views in the link below, and remember to subscribe to receive your weekly dose of news and views in your inbox. https://lnkd.in/dhg48yqQ

Meet our #digitalcompliance experts Jade Elouise Kirk and Phil Studley at Money20/20! We're looking forward to connecting with industry leaders and discussing the latest trends in #fintech, from #digitalpayments to #AI-driven compliance.   #SmartSearch #FinTech #Money2020Amsterdam

Watch Assaf Dargan dive into why he’s so excited to attend MoneyLIVE North America what those attending his roundtable event “Fighting Fraud in the New Payments Era” will learn, and who we’re looking to meet with at the event! Meet us at MoneyLIVE: 📆 September 16 📍Chicago 🤝Booth #7 Are you attending? Let us know below! #MLNorthAmerica #FinTech #Finance #PaymentSecurity #MoneyLIVE2024

Changing the advice game: Offer digital advice with minimum effort, cost and risk. Join CEO & Co-Founder of moneyGPS George Haramis and Head of Product, Aaron Williamson, for a 45-minute webinar this Wednesday 20th March. Reserve your place today via the link in the comments. #moneyGPS accountantsGPS #fintech #digitaladvice

Expert Corner: The Future of Digital Finance We recently asked Tom Parsons, our Principal Product Lead, about what’s next for digital wallets and money transfers. Key topics covered: ⚡ The technologies emerging in digital financial services ⚡ How to balance product security with a smooth user experience ⚡ Common misconceptions in the industry ⚡ How to build more trust in digital financial services ⚡ Innovations to watch for UK fintech What's your perspective on these industry trends? Share your thoughts below. ⤵️ #Fintech #DigitalWallets #ProductDevelopment #FinancialInnovation Zing is part of the HSBC Group but is separate from HSBC UK Bank Plc. Zing is an e-money institution (EMI) authorised by the Financial Conduct Authority and is not a bank. Your money will be safeguarded, but not protected by the FSCS. Find out what this means for you at zing.me/hsbc-zing. *The views and opinions expressed in this video are personal and do not necessarily reflect the views of Zing. This content is for informational purposes only and not financial or professional advice.

We bring you some financial tips, to stay ahead of the game. Stay ahead of the game with EskimoPay Payment Solutions #FinancialTip #PaymentSolutions #Fintech

Changing the advice game: Offer digital advice with minimum effort, cost and risk. Would moneyGPS be right for you? Join CEO & Co-Founder of moneyGPS George Haramis and Head of Product, Aaron Williamson, for a 45-minute webinar on Wednesday 26th June from 12.00pm and see for yourself how moneyGPS can help your business. Reserve your place today via https://lnkd.in/getiCGhu? #moneyGPS #fintech #digitaladvice #webinar