The new E-money license allows Wave to directly offer its current suite of financial products to customers.

Officially launched in mid-March 2022, the Aliada Digital Card is available to all Mexican women over the age of 18 who wish to start or improve their credit history or continue exploring new forms of financing.

The investment will enable Voyager to grow its platform and offer integrated, end-to-end digital financial services to consumers, micro, small, and medium-sized enterprises (MSMEs), and large enterprises.

IFC invested $5 million in equity to finance AwanTunai with the goal to bolster growth opportunities for micro-retailers -- many of them women – who are part of an industry made up of some 30,000 wholesalers and three million merchants.

Under the terms of the agreement, CIMB Bank Philippines will leverage Zoloz's eKYC solution for frictionless user onboarding and enhanced payment experience, making financial services more accessible and inclusive to Filipinos.

The sale of the stake for $53 million in cash values Wave Money at $104 million and is set to be finalized in the coming days, according to people close to the deal.

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.

CGAP aims to support up to five MFIs in two workstreams: 1) A measurement workstream to assess the impact that MFIs’ digital solutions, and 2) An automation workstream to automate the repeat loan process, particularly for MFIs’ existing MSE clients.

A recent report found 86 percent of consumers in Colombia — approximately 1.6 million individuals — who had never had a bank account signed up for one between April and November 2020.

At AFI’s Policy Leadership Dialogue on 29 September, Governor Rolle said that "access to mobile wallets and digital payments must be as universal as access to cash."