Financial Inclusion in the Middle East and North Africa: Analysis and Roadmap Recommendations
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Kamel Pay and Mastercard Launch New Card Propositions to Drive Financial Inclusion in the UAE
The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.
UAE Central Bank Extends Economic-Support Program Until Mid-2022
Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.
Sao Tome and Principe: World Bank Boosts Improvements in the Banking System, Access to Finance
This $7 million financing for the ongoing Institutional Capacity Building Project will help scale-up activities with the Central Bank of Sao Tome and Principe and support system modernizations as part of the COVID-19 mitigation response.
Government and UNCDF to Boost Finance for Tackling Impacts of Climate Change in São Tomé and Príncipe
The Government of São Tomé and Príncipe, in partnership with the United Nations Capital Development Fund, last week announced the launch of the Local Climate Adaptive Living Facility.
UAE’s myZoi Launches Financially Inclusive Digital Wallet With “One-To-Many” Transfer Capabilities
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.