Tunisie Leasing and Factoring has raised a $7.5 million green loan arranged by Symbiotics Investments to further expand its renewable energy and energy-efficient machinery and equipment offerings.

According to the World Bank, the loan aims to finance Tunisian institutions for lending to eligible small and medium-sized enterprises.

The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.

The investment aims to support a resilient recovery by promoting business growth, creating jobs, and fostering financial inclusion.

Ongoing shifts toward e-commerce, digital payments (including contactless), and instant payments have all been significantly boosted during the pandemic with real-time payments surging by 104 percent.

The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.

The initiative will include the International Dialogue on the Role of Islamic Social Financing in Achieving the SDGs, which will launch critical discussions including with global leaders and Islamic institutions on the role of Islamic social financing.

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.

Tunisia’s apex bank, Central Bank of Tunisia last Thursday, March 26, unveiled new banknotes honouring a female history maker in the country’s medical history.