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Philippines: QR Code Transactions Near P1 Billion

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.

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responsAbility Launches Social Bond to Support Financial Inclusion and Health Post-COVID

The $177.5 million social bond will bundle loans to innovative companies in capital-scarce regions which operate in the financial inclusion, healthcare and WASH (water, sanitation, hygiene) sectors, and that have a measurable, positive social impact.

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Facebook Launches Financial Education Initiative for Women-Led Businesses in Pakistan

Facebook is expanding its women-empowerment focused initiative, SheMeansBusiness, to bolster the financial inclusion and resiliency of women-led businesses in Pakistan. 

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EIB Backs Palestinian Startups With a $50 Million Line of Credit to Bank of Palestine

The European Investment Bank (EIB) extended a $50 million line of credit to Bank of Palestine to support the resilience of the Palestinian private sector through on-lending to local SMEs, as part of Team Europe’s overall response to the Covid-19 crisis.

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Philippines: Microfinance, Micro-entrepreneurs to Gain From National ID System

The system's online authentication and e-KYC will enable a more seamless digital onboarding, making it easier for clients to open an account.

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Egypt Eyes Surge in Fintech Investment After New Laws

New legislation and regulatory changes in Egypt are set to unleash a surge in new fintech investments and change the way the country’s largely unbanked citizens do business, industry players say. 

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State Bank of Pakistan Policy to Enhance Financial Inclusion of Persons With Disabilities

The new policy aims at financial independence for people with disabilities by improving their access to banking services as well as providing opportunities to contribute as bank employees.

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World Bank Approves $450 Million Loan to Help Morocco Improve Access to Financial Services

The financing is part of a program that supports policy measures to enable the rollout of the country’s social protection program, including the creation of digital IDs and cashless payments as part of cash transfer programs.