The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

The company projects it will process around $400 million in payments this year in the five countries in which it operate.

The IFC financing will be aimed at supporting the growth plan of Arrendamás, focusing on increasing both the placement of products, as well as the diversification and quality of its credit portfolio.

Join financial inclusion leaders from around the globe to accelerate HER economy!

A new investment will help increase access to finance for small businesses, especially women-owned firms, while promoting sustainable projects in Mexico.

The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.

The new score models can help lenders, insurers, and service providers in Mexico extend access to credit to an additional 8 million eligible consumers.

Banorte is the biggest financial institution in the country to offer a digital banking account under the UN program.

Officially launched in mid-March 2022, the Aliada Digital Card is available to all Mexican women over the age of 18 who wish to start or improve their credit history or continue exploring new forms of financing.

The partnership will help Toka Fintech, a Mexican-leading financial group, to develop its own digital payment app with Alipay+ Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.