The Local Climate Adaptive Living Facility, which will deploy over USD15 million in climate finance will support the delivery of adaptation projects at the grassroots level and deliver on national commitments to build resilience to the escalating impacts of climate change.

Launched in June 2023 by the country’s largest telecommunications provider, the new mobile money service M-Selen aims to bring basic financial services to the fingertips of everyday Solomon Islanders.

With the issuance of this Green Bond, Zuoli will finance, amongst others, green buildings and energy efficiency projects in the Zhejiang province.

Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.

The agreement is part of a regional effort by IFC, working with banks, financial institutions, credit bureaus and central banks in Solomon Islands, Papua New Guinea and Vanuatu to guide them through the process of moving to comprehensive credit reporting.

Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App.

As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.