Remitly One, a new membership-based financial product designed for customers in the US,  is not only transforming the remittance payment landscape, but is redefining access to financial services for globally connected communities.

eShandi is using AI-powered credit scoring to offer loans for underbanked individuals and small and medium-sized enterprises (SMEs).

The Mastercard Foundation Fund for Rural Prosperity (FRP) is investing $2.8 million in three companies from Burundi, Malawi, and Uganda to support projects that expand financial inclusion in rural Africa.

The debt funding will be used to fuel the growth of its Nasiya service, which provides Shariah-compliant retail financing for consumers in Uzbekistan

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

The loan will support the development of financial technology and inclusion in Indonesia and will will provide budget support for Indonesia’s reform agenda in three key policy areas.