Accelerating Financial Inclusion in Nigeria: Six Key Insights from the 2024 National Savings Group Conference
The conference highlighted the need for a national regulatory framework for savings groups and the establishment of an Apex organization to support them.
IFC Provides Financing for $200 Million to Banco BICE to Expand Mortgages for Women in Chile
The loan will have a five-year tenor and a three-year grace period, helping Banco BICE increase and diversify its long-term financing to support the housing portfolio growth.
Mastercard: Empowering Africa’s Small Businesses Through Financial Management Technology
To boost the contribution of small businesses and empower them to unlock their full potential, Mastercard pledged to bring 50 million SMMEs worldwide into the digital economy by 2025.
Iowa Credit Union Foundation Announces $50,000 in Grants to Increase Financial Inclusion in Iowa
Financial Inclusion Grants direct funding to organizations serving minority populations in policy areas covered by the report: affordable housing, business ownership, childcare, education, employment, and health access and outcomes.
Philippines Pushes for Digital Wage Payments to Boost Financial Inclusion
The Bangko Sentral ng Pilipinas (BSP) and the Department of Labor and Employment (DOLE) are urging labor and employer sector leaders to transition to digital wage payments, highlighting the benefits of safe and efficient payroll solutions.
Mastercard Advocates Financial Inclusion and Economic Growth at Tanzania Industry Forum
The event underscored Mastercard’s commitment to advancing economic growth through innovative digital payment solutions and strategic collaborations in the country.
Mastercard Partners With Fintech Start-Up, Scale
The collaboration will alleviate key technical and commercial barriers to entry that fintech companies, aggregators, enablers, payment service providers and telcos face when launching payment programs.
‘CheGebeya’: An Innovative Digital Supply Chain Financing Initiative for MSMEs in Ethiopia
’Chegebeya’ translated as ’Che Market’ aims to revolutionize the financial ecosystem for Micro, Small, and medium enterprises (MSMEs) in Ethiopia by modernizing the supply chain of Fast-Moving Consumer Goods.
Cambodian Banking and Microfinance Associations Implement New Rules to Enhance Consumer Protection
The newly adopted rules are intended to address several critical areas of concern, particularly regarding the use of certain types of land as collateral for loans, the handling of personal identification documents, and the provision of credit to vulnerable households.
NOW Money Partners with CBI and Network International to Boost Financial Inclusion for Migrant Workers
NOW Money’s partnerships with CBI and Network International enhance digital banking services for underbanked migrant workers.