All News and Announcements

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News

Remittances to Pakistan Stay Above $2 Billion for Sixth Consecutive Month

UAE emerges second largest source of remittances for Pakistan in first five months of FY 2021.

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Amid Pandemic, Household Savings Rise Slightly

Filipino households in the lower-income group, especially those in the rural areas of the country, are still struggling to save.

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New Mastercard Study Reveals Rapid Shift Toward Digital Payments in Saudi Arabia

Up to 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.

News

Small World Launches USD Payout Service in Nigeria

This initiative follows the Central Bank of Nigeria (CBN) directive to enable global money transfers to be paid in US Dollars in an effort to streamline and increase the flow of formal diaspora remittances into Nigeria.

News

IFC, DAVR-BANK Boost Lending to MSMEs and Women-Owned Businesses in Uzbekistan

IFC's $5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.

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$500 Million ADB Loan to Expand Financial Inclusion in Indonesia

Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.

News

ICICI Bank Launches First Mobile Banking App

ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

News

Nigeria: Citygate Microfinance Launches Digital Loan App

A microfinance institution, Citygate Global, has unveiled a multi-purpose mobile loan application, Monéé, which was designed to also cater for loan, savings, funds transfer services, investment, bill payment and others.

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Egypt’s Zeal Raises Six-Figure Seed for Its Digital Payments and Loyalty Platform

Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes this week.

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Innovation Fund for COVID Response and Recovery Through Savings Groups

The SEEP Network is excited to announce a challenge fund to support innovations in gender-intentional COVID response and recovery efforts related to Savings Groups.