How AMIR Has Fostered Consumer Protection Practices Amidst COVID-19
In effort to safeguard employees and clients, the Association of Microfinance Institutions in Rwanda (AMIR) instituted various measures to raise awareness about the virus and control its spread in the industry.
Rwanda Waives Charges on Digital Payments
The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.
COVID-19 Recovery Funds Benefit to 3,000 Businesses in Rwanda
The Executive Director of Association of Microfinance Institutions said that a total amount ranging between RWF 4 billion ($4M) and RWF 5 billion ($5M) has been channeled through microfinance institutions to help small businesses recover from COVID-19 effects.
IFC, Rwanda Capital Markets Authority and Central Bank Join Forces to Boost Access to Long-Term Finance for Small Businesses
The four-year partnership will help expand access to long-term local currency finance in Rwanda for key sectors such as housing, agribusiness, and smaller businesses.
TransUnion, Monevo and Incuto Collaborate on Credit Access for Community Banks
This joint initiative helps credit unions and community development finance institutions to offer their products to a wider audience, increasing competitiveness and promoting financial inclusion.
Britain Seeks to Boost Banking Services From Fintechs
Britain plans to set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms.
BABB Unveils Hybrid Accounts to Promote Financial Inclusion and Tackle Social Inequalities
Through its all-in-one app that provides access to financial services, BABB is harnessing the power of cutting-edge technology to streamline and simplify the process of peer-to-peer transactions across borders.