Colombia’s fintech industry will experience positive progress in 2025, setting the trend in the payments sector, with innovation and consolidation of current systems.

If 2024 was a good year thanks to the transformations in the region in terms of technological innovation and a regulatory environment, 2025 will be one of the trends.

One of them, with important advances, is tokenization and decentralized finance (DeFi). According to the report by the international consulting firm Boston Consulting Group, “the tokenization of real-world assets could represent a business opportunity of 600 billion by 2030, equivalent to 10% of the world’s GDP. In Colombia, the adoption of tokenization is growing, with initiatives that seek to democratize investments and diversify portfolios.”

Another trend will be experienced in the areas of digital payments and QR solutions. In this sense, it is appropriate to mention the figures of the Association of Fintech Companies of Colombia, where more than 50% of Colombians use some type of digital payment, such as payments through WhatsApp, digital wallets and QR codes.

This sector is followed by the so-called Open Banking that facilitates interoperability between banks and fintechs. This allows consumers to access a variety of financial products in a more efficient and personalized way.

The country will also experience greater adoption of Web3 and cryptocurrencies thanks to trust in “decentralized technologies and greater participation in the global digital economy.”

M.Pino

Source: laopinion

(Reference image source: Austin Distel on Unsplash)

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La entrada Colombia’s fintech industry will set the trend in 2025 apareció primero en Bitfinance.

The financial services company, Mastercard, established an alliance with the Indonesian cryptocurrency portal Fasset in order to develop digital solutions that facilitate financial inclusion in the Asian country.

The manager of Mastercard Indonesia, Navin Jain, stressed that the alliance plans to “expand financial inclusion”, extend opportunities for the development of the economy in the country and support citizens in access to digital technologies.

For his part, the executive of Fasset, Hendra Suryakusuma, maintained that the alliance with Mastercard will allow closing the gap between the financial system and the citizens of Indonesia, since there are currently 92 million inhabitants who do not have any type of financial services. It is an unbanked population.

“Our partnership seeks to reduce barriers to digital finance and drive greater opportunities to benefit from the use of emerging financial services,” Suryakusuma noted.

Impact on the global crypto world

According to the Fasset executive, the adoption of cryptocurrencies by Indonesia will have a very positive impact on the global crypto ecosystem, and he considers that they will be a reference model for other countries that wish to develop their economies.

For Suryakusuma, “the implications in the industry are a greater legitimation of crypto assets, their use cases and application areas.”

While the Mastercard company has been developing and executing actions to link with the cryptocurrency market. Last June, the company extended its network for non-fungible token (NFT) markets, allowing its customers to purchase with their NFT cards without having to buy crypto beforehand.

M. Rodríguez

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Source: es.cointegrahp.com

La entrada Mastercard launches alliance with Indonesian cryptocurrency portal apareció primero en Bitfinance.