Digital Innovations Empowering Caribbean Small Businesses

On June 27 each year, the UN Capital Development Fund (UNCDF) joins other development actors and organizations around the world to recognize the efforts of Medium Small and Micro Enterprises (MSMEs) for their contribution in many low-income countries. World Bank data indicates that MSMEs account for about 90% of businesses and more than 50% of employment worldwide.

As part of the celebration of MSMEs once again this year, UNCDF spotlights two trailblazing enterprises, Unqueue and MLajan Mobile Wallet in the Caribbean. These two enterprises are winners of the 2023 Caribbean FinTech Sprint for Financial Inclusion. The fintech challenge promotes financial inclusion through digital payments and broader digital finance solutions particularly for women and other vulnerable groups. Their journeys exemplify the transformative power of digital solutions in driving economic growth and resilience.