The update supports countries and the private sector in bringing more individuals into formal finance through risk-based approaches to defeating illegal activities.

Pakistan-based financial platform ABHI and Pakistan-based insurtech TPL have completed the acquisition of FINCA Microfinance Bank, aiming to expand access to financial solutions and accelerate financial inclusion across Pakistan.

Mastercard announced that this partnership will transform the payment landscape in Senegal, Côte d'Ivoire, and Benin. 

Under this collaboration, individuals will be able to open bank accounts for free, with a focus on extending financial services to previously underserved or unbanked segments of the population.

The US Faster Payments Council has released ‘Operational Considerations for Receiving Instant Payments’, a guideline for financial institutions on instant payments, including RTP and FedNow.

The solution is based on the Way4 digital payment platform and is designed for CaaS providers who prioritize a digital-first customer payment experience.

The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.

Colombia is looking to minimize the use of cash in the country and boost the financial inclusion of its most vulnerable citizens.

The company aims to solve the problem of informal areas not having access to payments systems in the digital age.

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