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Bangladesh: IFC, BFIU to Build Infrastructure to Fast-Track Financial Inclusion

The International Finance Corporation and Bangladesh Financial Intelligence Unit will work together to develop an electronic know your customer (eKYC) infrastructure to fast-track financial inclusion.

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Call for Activities - Tipping the Scales: Mobilizing the Network for Unlearning, Learning and Change

Through a series of introspective dialogues, peer learning, and change-generating activities, the aim is to tip the scales for transformative change, not from the top-down, but from the inside out.

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Nigeria: Richway Microfinance Bank Wins Best SME Support Bank of the Year 2021 Award

Richway beat a host of other banks at the International Standards Excellence Award 2021, to take home the Award for performing exceptionally in a tumultuous year characterized by the negative impacts of COVID-19 pandemic.

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COVID-19 Recovery Funds Benefit to 3,000 Businesses in Rwanda

The Executive Director of Association of Microfinance Institutions said that a total amount ranging between RWF 4 billion ($4M) and RWF 5 billion ($5M) has been channeled through microfinance institutions to help small businesses recover from COVID-19 effects.

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Kenya: Central Bank Releases Over KSH55B (~ $500M) to Rescue Struggling Local Lenders

The disclosures, contained in CBK's latest annual report, shed light on the behind-the-scenes operations to rescue struggling lenders from sinking.

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QR Codes Turn Colombia's Cash-Centric Consumers Digital

A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.

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Bitcoin Is Part of the Pitch As El Salvador Courts IMF Deal

The cryptocurrency will lose its reputation as a speculative asset and prove its use as a legitimate payment system, central bank President Douglas Rodriguez said in an interview on Monday.

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Applications Open for the 2022 AFI Inclusive Fintech Showcase!

The initiative provides a stage for the world’s most promising fintech and regtech innovators that are enhancing access to and the usage and quality of formal financial services for low-income populations

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Call for Expressions of Interest: Financial Services Providers Using Data for Financial Inclusion

CGAP is looking to partner with financial services providers and others involved in providing financial services that are using or would like to use data-driven approaches to expand or improve the way they serve poor people.

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IFC Mobilizes Four Banks to Finance Banco Daycoval and Support Female Entrepreneurship and Smaller Businesses in Brazil

By focusing on the SMEs segment, including women-owned businesses, IFC aims to help close the existing financing gap for these two segments.