All News and Announcements

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News

Amsterdam Fintech Week to Explore How to Make Financial Services More Accessible

While enabling the market to do it’s work, the event also aims to explore how the fintech community can make financial services more accessible, understandable and impactful.

News

Kenya: Remittances to Kenya Resist COVID-19

The increase in remittances comes despite the impact of the pandemic on wages and employment across the world.

News

Monetary Authority of Singapore (MAS) Joins Mojaloop Foundation for Financial Inclusion

The foundation's announcement said that Mojaloop will benefit from Singapore's policy development perspectives and technical guidance.

News

MoneyGram Announces Mobile Wallet Capabilities Expansion in Africa Through New Strategic Partnerships

The company reported that the new partnerships are with Airtel, Thunes, InTouch and MFS Africa.

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IFC Supports ProducePay to Improve Mexican Farmers' Access to Finance and Global Supply Chains

The investment will help reduce traditional banking costs and improve supply chains boosting financial access, productivity and exports.

News

IGAD and UNCDF Announce Agreement to Formalize, Enhance Regional Remittance Flows

Technical assistance collaboration will review relevant policies and regulations, promote cross-border coordination to shift remittances into safer, more transparent formal channels.

News

Africa: IFC Announces $2 B Investment in SMEs and Trade to Support Recovery From COVID-19

The $2 billion IFC commitment will support the continent's economic recovery from the pandemic by sustaining and creating jobs and business activity.

News

Tunisia: Islamic Social Financing to Support Efforts to Recover and Rebuild From COVID-19 Pandemic

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.

News

Mobile Money Adoption Increased During the Pandemic by 4 Percent: Karandaaz Survey on COVID-19’s Impact on Financial Behavior

Survey findings on the impact of COVID-19 on financial behavior show that while financial inclusion in Pakistan increased from 21 percent of adults pre-pandemic to 25 percent in late 2020, the change was driven entirely by mobile money adoption.

News

Symbiotics Launches the First Sustainability Bond in Georgia With MFO Crystal for $5 M

The proceeds of the Sustainability Bond will be used to finance both Social and Green eligible loans. The Social loans will be granted towards microenterprises and SMEs, stimulating the generation of employment in the country.