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

The investment, brokered by CARE Social Ventures, will significantly expand efforts to ensure women and girls have the digital and financial access they need to thrive in today’s world.

The $75 million IFC loan will support Li & Fung's working capital needs and its supply-chain fintech affiliate Air8 in expanding its supply-chain solutions and financing services for small and medium-sized enterprises (SMEs).

The South African Reserve Bank (SARB) has unveiled an ambitious roadmap that seeks to usher in a cashless era, prioritizing financial inclusion and economic growth.

Licensed digital/online money lenders, who are diverting from the newly issued digital lending guidelines issued in March by the Uganda Microfinance Regulatory Authority (Umra), risk having their licenses revoked, the sector regulator has warned.

Interledger Foundation (ILF) has announced that it is now accepting applications under its ILP (Interledger Protocol) Digital Financial Services Grant for emerging financial services, products, and innovative solutions geared toward benefitting underserved and underrepresented communities.

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

Known as the digital ouguiya, the potential CBDC would complement cash. 

The agreement will allow Nu Colombia to build the foundations to launch, in the future, a market strategy that promotes the financial inclusion of this population through access to digital financial services focused on savings accounts.

This pioneering initiative will improve access to finance over the next five years, contributing to scale up digital financial solutions and piloting insurance to 500,000 low-income farmers, including women, youth entrepreneurs.