All News and Announcements
FPC Releases Guideline for Financial Institutions on Instant Payments
The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.
Iowa Credit Union Foundation Announces $50,000 in Grants to Increase Financial Inclusion in Iowa
Financial Inclusion Grants direct funding to organizations serving minority populations in policy areas covered by the report: affordable housing, business ownership, childcare, education, employment, and health access and outcomes.
Philippines Pushes for Digital Wage Payments to Boost Financial Inclusion
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are urging labor and employer sector leaders to transition to digital wage payments, highlighting the benefits of safe and efficient payroll solutions.
Triodos Financial Inclusion Funds Provide Finance to OnePuhunan
Looking at the client base of OnePuhunan, most women entrepreneurs are active in the trading sector, such as sari-sari stores and small grocery stores.
AFC Joins Global Enterprises to Offer Inclusive Digital Lending in the Philippines
The strategic alliance aims to strengthen the platform in the rapidly evolving consumer finance market in the Philippines.
GCash: Becoming the Philippines’ Leading Financial Super App
Following its latest investment, Mynt is now worth an impressive $5 billion, more than doubling its $2 billion valuation from the last funding round in 2021.
Grameen America Plans to Invest $40 Billion for Underserved Women of USA in Next Ten Years
To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms.
UNSGSA Queen Máxima Visits the Philippines to Support Scaling Up Financial Services for Better Financial Health
The visit from 21-23 May 2024 will focus on advancing key foundational building blocks for financial inclusion—including connectivity, digital identification, and digital payments—as well as enhancing financial health and resilience against economic and climate-related challenges for Filipinos.
United States: Native CDFIs Connect Indian Country to Credit and Capital
Native Community Development Financial Institutions (CDFIs) emerged to help address credit and capital challenges and provide Native communities and residents with an alternative to mainstream banks.
Tala Establishes a $48.5 Million Loan Channeling Partnership With Maya Bank to Increase Filipinos' Access to Financial Services
Fintech company Tala announced its partnership with Maya Bank, the digital bank leader in the Philippines, marking a significant milestone towards bridging the financial gap for millions of Filipinos.