Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.

Mobilink Bank is actively promoting climate finance in Pakistan, enabling individual borrowers and SMEs to access financing for solar energy products.

The investment will help close Brazil's social financing gap and bolster a more inclusive economic growth.

This concern is not new; the microfinance sector has been grappling with severe challenges for a couple of years. 

Registration is now open for the annual Responsible Finance Forum (RFF) event, convened by the Center for Financial Inclusion at Accion, which will take place July 2-3, 2024 in Fortaleza, Brazil. 

Advans Pakistan Microfinance Bank Limited, the target of the acquisition, represents the Pakistani branch of the renowned Advans Group, a leading international microfinance group with operations spanning nine developing countries.

Ericsson and Telenor Microfinance Bank have signed a multi-year extension of their partnership to propel easypaisa’s financial services offerings and expand the horizon of their service portfolio within the fintech sector in Pakistan.

Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach $1.23 billion in transactions in 2024.

The awardees include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited.

President, Dr. Arif Alvi urged the banking institutions to take measures to further strengthen financial inclusion and gender equality in the sector.