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2 results for "financial-inclusion"

GlobalDeveloping

7.0

Hong Kong taxi drivers lag on e-payment mandate compliance at rollout

Hong Kong's mandatory e-payment requirement for taxis took effect on April 1, 2026, but field observations indicate some drivers have not yet installed required QR code and alternative payment systems. The compliance gap highlights implementation challenges in the transition from cash-based to digital payment infrastructure in the taxi sector.

South China Morning Post·HK·about 5 hours ago

Corroborating

#digital-payments #regulatory-compliance #financial-inclusion #hong-kong #transportation

Markets

7.0

Pakistan SBP launches independent teen banking framework for ages 13-18

Pakistan's State Bank launched a new regulatory framework enabling teenagers aged 13-18 to independently own and operate bank accounts and digital wallets, addressing a gap where ~26 million youth previously could only access joint/parent-controlled accounts. The framework aims to build financial literacy and digital economy participation among young citizens. Implementation details and participating banks remain unspecified.

Dawn (Pakistan)·PK·about 5 hours ago

Confirmed

#financial-inclusion #youth-banking #digital-economy #pakistan-economy #fintech-policy