IFC Provides $116.5 Million in Financing to BBVA Leasing to Support Small Businesses in Mexico
The transaction will help the company expand its product offerings to small and medium enterprises (SMEs) and is designed to support the economic recovery from the COVID-19 health crisis.
CBE-Hosted Fintech Innovation Sprint Launched to Address COVID-19 Challenges
The initiative comes as part of Egypt’s fintech and innovation strategy that aims to achieve the state’s goals in using technology, as well as promoting innovation and financial inclusion.
Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic
Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
EasyCash: An Interoperable ePayment Suite Powered by Wallet Factory Launched in Egypt
EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.
Promoting Financial Inclusion in Egypt
In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.
Whale Cloud and Ant Group Join Force With Toka Fintech to Expand Inclusive Financial Services
The partnership will help Toka Fintech, a Mexican-leading financial group, to develop its own digital payment app with Alipay+ Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.
Tammeyah for Microfinance Services Buys French B2B Marketplace
Tanmeyah, which was founded in 2009, provides working capital for smaller enterprises and reports having 391,000 clients.
CBE Launches Financial Inclusion Strategy 2022-2025
The Central Bank of Egypt formulated the Financial Inclusion Strategy (2022-2025), with the aim of the promotion of financial inclusion and the achievement of economic growth in Egypt.
Galileo Is Going in for the Mexican Fintech Market, Partnering With Klar
Galileo, like many financial businesses from abroad, sees potential in this country’s market.