WASHINGTON, Feb. 21, 2023 /PRNewswire/ -- The Electronic Transactions Association (ETA), the trade association for the payments technology industry, today released its annual white paper outlining a variety of financial technology products and services that have broadened access to the payments and financial services ecosystems. The report, Advancing Economic Inclusion—Empowering Underserved Communities with Fintech, highlights the innovative products and services revolutionizing the way commerce is conducted through safe, secure, convenient, and rewarding solutions.
ETA's annual report summarizes the impressive work of our members to increase the number of participants who have access to the modern economy," said Jodie Kelley, CEO of ETA. "ETA members drive the effort of broadening access to both underserved consumers and small businesses by developing and deploying technology to create secure, convenient, and inclusive products and services."
Advancing Economic Inclusion—Empowering Underserved Communities with Fintech analyzes thirteen key areas of fintech innovation.
"As detailed in our white paper, ETA members are delivering financial services to where consumers are headed," said Jodie Kelley, CEO of ETA. "This results in a suite of products and services being available to serve all consumers, especially the underserved."
The paper highlights advancements in payments technology that are making services more available, accessible and affordable than ever before. These include:
"The speed, security, and, most of all, reliability are hallmarks of the payments industry that consumers and businesses have come to rely on when it comes to receiving, spending, sending, and holding money," said Kelley. "As the leading trade association for the digital transactions industry, ETA encourages policymakers to create a positive policy environment to support continued innovation and the use of technology to improve financial outcomes for all members of society."
A downloadable copy of the report is available at: electran.org/wp-content/uploads/2023-ETA-Advancing-Economic-Inclusion-Whitepaper.pdf
About ETA
The Electronic Transactions Association (ETA) is the world's leading advocacy and trade association for the payments industry. Our members span the breadth of significant payments and fintech companies, from the largest incumbent players to the emerging disruptors in the U.S. and in more than a dozen countries around the world. ETA members make commerce possible by processing approximately $44 trillion annually in purchases and P2P payments worldwide and deploying payments innovation to merchants and consumers.
MEDIA CONTACTS
Scott Talbott
stalbott@electran.org
SOURCE Electronic Transactions Association (ETA)
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