Fliqa is integrating Open Payments and the Interledger Protocol into its open banking solutions.
This will expand its offering of instant, low-fee payment options for merchants and help support bank-to-bank transfers across 3,000 banks.
Read more:
https://interledger.org/news/fliqa-integrates-interledger-power-open-interoperable-payments
Fintech expands financial access in emerging markets using mobile networks where traditional banking infrastructure is limited.
Mobile money is fintech's key tool for reaching unbanked populations in regions with limited bank branches.
Fintech expands financial access for the unbanked by lowering barriers like distance, cost, and documentation.
Unmet demand for financial services is a key driver of fintech adoption in emerging markets. The high cost of traditional banking and limited branch access create gaps that fintech solutions address directly.