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Weekly Research Highlights – 11 October 2022

For this week’s research article, we dive into new insights on fintech overview, digital payments and crypto. Enjoy researching!

The Financial I­nclusion Compass 2022 is the fifth in a series to collate sector opinions on emerging short, medium, and long-term trends in the financial inclusion sector. The survey on which this paper is based was open in May and June 2022, giving practitioners, funders, researchers, and support service providers the opportunity to evaluate and describe the importance of various current Trends, rate and give opinions on Future Priority Areas, and provide open-comment qualitative input on the expected (and hoped-for) direction of financial inclusion progress.Read more

The Fintech 250: The most promising fintech companies of 2022 (CB Insights)
CB Insights has unveiled the winners of the fifth annual Fintech 250 — a list of the 250 most promising private fintech companies worldwide. Some of this year’s winners are building safer and more efficient ways to send and receive payments. Others are striving to make banking, loans, mobile wallets, and investing products available to historically underserved populations all over the world. Using the CB Insights platform, research team selected 250 winners from a pool of over 12,500 eligible private companies, including applicants and nominees. They were chosen based on factors including proprietary Mosaic scores, funding, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed over 2,000 Analyst Briefings submitted by applicants. Read more

Middle East & North Africa’s Crypto Markets Grow More Than Any Other Region in 2022 (Chainanalysis)
Middle East & North Africa (MENA) may be one of the smaller crypto markets in the 2022 Global Crypto Adoption Index, but it’s also the fastest growing. MENA-based users received $566 billion in cryptocurrency from July 2021 to June 2022, 48% more than they received the year prior. MENA is also home to three of the top thirty countries in this year’s index: Turkey (12), Egypt (14), and Morocco (24). Use cases around savings preservation and remittance payments as well as increasingly permissive crypto regulations help explain why. In Turkey and Egypt, fluctuating cryptocurrency prices have coincided with rapid fiat currency devaluations, strengthening the appeal of crypto for savings preservation. The Turkish Lira has inflated by 80.5% in the last year; the Egyptian Pound has weakened by 13.5%. Also significant, however, is Egypt’s remittance market. Remittance payments account for about 8% of Egypt’s GDP, and the country’s national bank has already begun a project to build a crypto-based remittance corridor between Egypt and the UAE, where many Egyptian natives work. Read more

Report: Banks and the digital payments revolution (Fintech Futures)
The new generation of payment systems is powering a business revolution. Global research reveals how banks can prosper amid the disruption. This report was derived from extensive global research commissioned by Visa and will highlight the following opportunities in the online age. How consumer expectations are influencing the move money ecosystem.  Payments executives explain why they need fast, seamless payments to grow. The importance of strategic bank-business relationship and keeping a competitive edge. Read more


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