The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.
The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses.
ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.
Bill and Melinda Gates Are Now Backing New Digital Payments System in Pakistan to Support Financial Inclusion for Women
The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.
Symbiotics Launches INR 1,260 Million Bond To Finance Indian C&I Solar Developer Fourth Partner Energy Limited
Symbiotics has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects.
A memorandum of understanding was signed to promote financial inclusion and to open up multiple avenues for collaboration, including medium to long-term debt funding, Retail TFC, Islamic microfinance funding, and more.
The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.