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Belize Bank, Wallet Factory Partner to Launch Digital Wallet E-Kyash

The mission of the collaboration lies in the improvement of financial services in the Central American and Caribbean regions.

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Agricultural Bank of Egypt Expands "Bab Rizq" Microfinance Programme to 150 Branches

The program aims to increase income, improve livelihoods in rural areas and achieve financial inclusion for female breadwinners.

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SEEP Selects Innovation Fund Recipients to Support Gender-Intentional COVID-19 Response Efforts

The awards support innovative COVID-19 response and recovery efforts related to savings groups, in the areas of women’s livelihoods, voice and leadership, violence against women, digital savings groups and more.

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Indonesia: Logiq Partners With Comviva to Offer Digital Wallet and Payment Services to Millions of Mobile Users

Logiq also recently partnered with Yabx, a fintech venture of Comviva to offer credit-based financial services such as cash advance for merchants and "buy now, pay later" options for consumers.

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CBN Adds $120M to COVID-19 Pandemic Relief Fund for Loans to MSMEs, Households in Nigeria

The government previously allocated NGN 2.3 trillion (USD 6 billion) to pandemic relief efforts, including microfinance and other programs.

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WB Approves $200M to Help Poor Urban Youths, Migrant Returnees

The Recovery and Advancement of Informal Sector Employment project will help about 175,000 poor urban youths and low-income microentrepreneurs enhance employability and productivity.

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YCASH Door to Door Payment Method as a Response for COVID-19 and Humanitarian Context in Yemen

The National Cash Transfer Company piloted the Door to Door Payment method as a response to the new challenging context and a preventive measure for coronavirus-related risks.

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Former Hong Kong Bourse Chief LI Plans New Microfinance Platform in 2021

Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

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IFC, SANAD, BIO, Symbiotics Announce Loan to KCB Bank Kenya for Green Projects, SMEs

The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

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Jamaica Plans to Launch Central Bank Digital Currency in 2022

The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic.