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.

Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.

The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.

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.

The company aims to use the new funding to further enhance and expand its product offerings, reinforcing its position as a leader in the Mexican financial sector.

The €1.1m investment in MiCreditoYa from the ABC Fund will enable MiCreditoYa to expand its loan portfolio, potentially adding 2,500 loans to farmers in Nariño onto its loan book over the next two years.

Six students from Colombia and Peru are granted scholarships to cover tuition and academic costs for the young students until they finish their studies.

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

The investment will help close Brazil's social financing gap and bolster a more inclusive economic growth.

As part of the celebration of MSMEs once again this year, UNCDF spotlights two trailblazing enterprises, Unqueue and MLajan Mobile Wallet in the Caribbean.