The bank would soon unveil payment systems that solely use mobile phones and eliminate the need to use cards for day-to-day purchases in shops
The new Base of the Pyramid Program will provide up to $400 million to microfinance institutions, non-bank financial institutions, and banks that are focused on micro, small, and medium enterprises.
Through this partnership, YSys aims to build networks, knowledge, and resources in a way that expands its solutions, products and services to Africa, Asia and Europe.
Airtel Networks Zambia Plc and the UN Capital Development Fund have announced a partnership designed to bring digital financial services closer to Zambians living in remote areas across the country through Airtel Money.
The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.
IFC and PasarPolis Partner Amid Pandemic to Boost Microinsurance Safety Nets for Indonesia’s Most Vulnerable
Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.
The SCBF grant will provide Kuunda, M-Pesa and FINCA additional support to help scale the reach of the Hapa Cash overdraft faster and more effectively.
The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.