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Surge in e-wallet transactions, mobile banking driven by Covid-19 pandemic

Pix for representational purpose only.
PETALING JAYA: More Malaysians are ditching cash for digital wallets to make purchases, but they are mostly urban residents.
In the past year, the number of transactions through e-wallet has gone up by 131%. Mobile banking has also seen a surge - by up to 125%.
This has pushed Kuala Lumpur’s position in the Global Fintech Rankings 2021 to 67th spot, up 11 rungs from the previous year.
As expected, the acceleration in the adoption of digital finance has been driven mostly by the Covid-19 pandemic, Vincent Fong, chief editor of
Fintech News Malaysia, told
theSun.
According to the publication’s 2021 report, there were 233 financial technology firms in Malaysia last year, up from 193 the year before. ....

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Lagos slumps in 2021 Global Fintech ranking, Nairobi ranks high

Lagos slumps in 2021 Global Fintech ranking, Nairobi ranks high
premiumtimesng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from premiumtimesng.com Daily Mail and Mail on Sunday newspapers.

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Press Release: GLOBAL FINTECH RANKINGS 2021: Australia now ranked 6th in the world

Australia moves up two places, now ranked 6th in the world
More than 50 new cities and 20 new countries have been added to findexable’s Global Fintech Rankings
The value of fintech unicorn companies has more than doubled
The evolution of fintech in a country is highly correlated to financial inclusion in emerging economies
The 2021 findexable Global Fintech Rankings is produced in partnership with
Mambu, the market-leading cloud banking and financial services platform
SYDNEY – 24 June 2021: A new report by
findexable shows that 2020 was a year in which the financial technology (‘fintech’) sector expanded globally and financially, building upon a surge in demand for technology that increases access to digital finance. Previous reports showed that this trend was accelerating, but over the period covered by this year’s report diversity among fintech companies exploded, with 50 new cities and 20 new countries added to the index, meaning that the ....

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Singapore slips to 4th place in global fintech ranking but keeps top spot in Asia-Pacific

Singapore slips to 4th place in global fintech ranking but keeps top spot in Asia-Pacific
straitstimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from straitstimes.com Daily Mail and Mail on Sunday newspapers.

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What Nigeria can learn from Lithuania about growing a fintech ecosystem

Alexander O. Onukwue
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Fintech in Nigeria is growing at an impressive scale. The sector features at least one billion-dollar companies that’s been operating for two decades, a startup recently sold for a historic price and a host of new entrants making waves around the continent.
But compared to how fintech works in some countries, Nigeria has some way to go.
Lithuania is one such country. The northeastern European nation has grown over the past decade to become a bustling fintech hub. A country of just 3 million people, Lithuania is aiming to be a dominant player on the global fintech market. Among other things, it’s becoming a much sought after port of entry into Europe for non-EU startups. ....

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