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.
Accelerating Financial Inclusion in Nigeria: Six Key Insights from the 2024 National Savings Group Conference
The conference highlighted the need for a national regulatory framework for savings groups and the establishment of an Apex organization to support them.
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.
Nigeria’s Access Bank Gets $295 Million to Help Small Firms
The money will "empower local small- and medium-sized enterprises, with a particular focus on underserved segments such as youth and women-owned businesses, agricultural enterprises, and very small enterprises".
Enterprise Life Assurance Promotes Financial Literacy Initiatives in Schools
The firm was committed to educating young people about the importance of insurance and financial planning from an early age.
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.
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.
Nigeria: ANWBN, Unity Bank Support 90 Female Groups on Financial Inclusion
The Association of Nigerian Women Business Network has partnered with Unity Bank Plc to reach over 90 women’s groups across Nigeria to unveil the Yanga account in Abuja.
OppFi Addresses Financial Literacy Through Social Impact Collaboration With Financial Education Platform Zogo
OppFi and Zogo bring together expertise and resources to tackle ongoing financial challenges faced by everyday Americans.
Mastercard, Zenith Bank Introduce New Payment Cards to Accelerate Financial Inclusion
The Mastercard Naija Card and the World Elite Credit Card are designed to address the diverse financial needs of consumers in Nigeria.