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News

Brazil, India Lead Instant Payments Growth Worldwide With Pix, UPI

According to "Beyond Borders," an annual report published by Brazilian payments fintech Ebanx, Brazil’s significant adoption of Pix now constitutes 15 percent of all instant payments globally, while India’s UPI accounts for 46 percent.

News

Egypt-Based Fintech MNT-Halan Acquires Advans Pakistan Microfinance Bank

Advans Pakistan Microfinance Bank Limited, the target of the acquisition, represents the Pakistani branch of the renowned Advans Group, a leading international microfinance group with operations spanning nine developing countries.

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EOS Group, IFC Partner to Resolve Non-Performing Loans, Boost Lending in Poland

The EUR 275-million platform in Poland will help financial institutions resolve their non-performing loans, allowing individuals and businesses to restore their creditworthiness, and bolstering the country's banking sector.

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Palmpay Drives Financial Inclusion With Cost-Saving Benefits for Users

Africa-focused fintech platform PalmPay has unveiled two cost-saving financial products in its continued drive for financial inclusion across Nigerian communities allowing users of the app to enjoy unlimited free transfers to all banks in the country.

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EMA2024: Financial Inclusion for Refugees & Forcibly Displaced People - Applications Now Open for EUR 100,000 Prize!

The European Microfinance Platform is inviting applications from organizations active in financial inclusion that help forcibly displaced people build resilience, restore livelihoods, and live with dignity in host communities.

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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.

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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.

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Visa & Western Union Collaborate for Cross-Border Transfers

Visa will deliver this new capability to Western Union using its Visa Direct solution, which will be eligible in 40 countries across five regions. 

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EU and IFAD Launch New Initiative to Strengthen Financial Inclusion by Boosting Digital Remittances in Central Asia

This week IFAD launched  the Platform for Remittances, Investment and Migrants’ Entrepreneurship (PRIME) Central Asia Initiative in Kazakhstan, the Kyrgyz Republic, Tajikistan, and Uzbekistan.

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WOCCU International Advocacy Demonstrates Global Financial Inclusion Reach of Credit Unions at GAC

In a session during America’s Credit Unions’ 2024 Governmental Affairs Conference, WOCCU's International Advocacy showed how credit unions are expanding financial inclusion in innovative ways to reach underserved communities globally.