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February 24, 2024

Welcome to Emerging Tech Trends (ETT), focusing on technologies shaping the future.

In this edition,

RBI Wants ‘Hands-Off’ Approach to FinTech Regulation : The Reserve Bank of India (RBI) is considering a “hands-off” approach to regulating FinTechs, requiring firms to follow customer verification and data protection rules, as it has halted Visa and Mastercard’s intermediated commercial card payments and ordered Paytm Payments Bank to stop business due to compliance issues

Top 20 Most Valuable Fintech Companies in the US : The global fintech market is predicted to reach $397.24 bn by the end of 2023, with North America leading the way. Major players include Visa Inc., Mastercard Incorporated, and Intuit Inc., which specialize in financial software and payment cardservices. PayPal Holdings Inc., Coinbase Global Inc., Ripple Labs Inc, and Bolt Financial Inc. join the top 20 fintechs in U.S.

Nigerian digital bank FairMoney to buy Umba in $20M all-stock deal : FairMoney is in talks to acquire Umba, a Nigerian and Kenyan digital bank, in a $20 million all-stock deal, aiming to streamline entry into Kenya and Africa, despite challenges in obtaining a microfinance license


6th Cohort Professional Certificate Training in Financial Technology(FinTech) and Innovations : From June 19-20, this training is expected to power a new group of individuals and companies in FinTech Innovations through knowledge & skills set training at the Kofi Annan ICT Centre, Accra-Ghana & Online. Click here to register


Bitcoin Oasis Dubai 2024 : Bitcoin Oasis Dubai, a Bitcoin-only event from February 8-9, will discuss the transformative potential of Bitcoin, including adoption, financial freedom, business opportunities, and mining resources, with global leaders and influential figures


Mastercard Foundation Africa Growth Fund For SMEs : The Mastercard Foundation Africa Growth Fund, a $200 million initiative, opens application to support early-stage, growth-oriented SMEs in Africa, promoting gender equity in entrepreneurship, investing in African investment vehicles, and providing Business Development Services

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