The partnership will allow accelerating the digitization of savings groups worldwide and give members easier and faster access to microloans and microinsurance.

With the new licensee, there are now six authorized companies offering consumer microfinance solutions in Saudi Arabia.

Baobab Microfinance Bank's operations in Kano would give petty traders access to affordable loans.

KEP Trust plans to on-lend the proceeds of the senior, unsecured loan to micro-, small and medium-sized enterprises (MSMEs).

Financial inclusion would be a key objective of the consultation on the potential of a retail central bank digital currency (CBDC) launched by the Central Bank of Honduras.

India's contribution to the Africa Digital Financial Inclusion Facility affirms its commitment to help break down barriers to the growth and uptake of digital financial solutions and accelerate financial inclusion in Africa.

The investment will be utilized to fast-track the company's expansion plans and drive innovation across its product portfolio.

The move comes within the framework of the bank’s plans to achieve financial inclusion and boost the sector of micro-sized enterprises in Egypt.

These awards are recognitions and testaments of the Bank's commitment to its mission and vision of transforming and empowering lives and businesses in the most sustainable and ethical manner in Nigeria.

FINCA Ventures, the venture arm of the global microfinance institution FINCA, invests in early-stage social enterprises providing essential products and services for low-income people.