All News and Announcements
South Africa's Sava and Mastercard Partner to Support Small, Medium, and Micro Enterprises
Through the partnership, the two entities will provide small businesses in South Africa, Nigeria, Kenya, and Egypt with an online platform, powered by SAVA’s Payment Transaction System, that includes digital bank accounts and accounting integration tools.
New Secured Transactions Registry to Help Expand Financing for Small Businesses in Sri Lanka
The newly established Secured Transactions Registry aims to facilitate the use of moveable assets as collateral for loans while ensuring financial stability and fostering economic growth in Sri Lanka.
USAID Signs Agreement to Support the Expansion of Union Bank’s Women-Focused Financial Services
This impactful collaboration will promote financial inclusion by addressing the specific needs of female customers in the banking sector through in-depth market research, a robust Customer Value Proposition, and strategic linkages with Sri Lankan women and women-owned Small and Medium Enterprises.
Symbiotics Investments Supports the Digitization of Traditional Money Circles in Egypt Through a Loan to Money Fellows
Symbiotics Investment granted Money Fellows, an Egyptian fintech, a $2.25 million loan to digitize money circles and expand its operations locally.
ADIB Egypt to Launch Egypt’s First Sharia-Compliant Microfinance Firm
The move comes within the framework of the bank’s plans to achieve financial inclusion and boost the sector of micro-sized enterprises in Egypt.
Egypt: Reefy Microfinance Raises $6.5 M to Expand MSME Loan Portfolio
The financial backing aims to enable the microfinance institution to support more SMEs in a context marked by economic challenges in Egypt.
Network International to Drive Financial Inclusion and Make Digital Payments More Accessible in Egypt
Newly launched direct-to-merchant acquiring service in Egypt aims to boost digital payment acceptance in the region.
Financial Inclusion in Egypt Reaches 65 Percent in 2022
The Central Bank of Egypt reports an increase in financial inclusion as total ownership of transactional accounts reach 64.8 percent of the total 65.4 million eligible adult population at the end of 2022.
Commercial Bank of Ceylon Launches a Digital Marketplace to Help Sri Lanka’s Small Businesses
The International Finance Corporation is supporting the Commercial Bank of Ceylon to launch a digital marketplace in Sri Lanka, which will help business owners connect with more customers locally and abroad.
Egyptian Fintech Startup Copal Partners Mastercard to Launch Family Payments Mobile App
Egyptian fintech startup Copal has partnered Mastercard to launch a family payments mobile app that brings all family members onto a unified payment platform that is fully managed by parents.