The initiative aligns with the Knowledge Officer’s mission to empower the fintech ecosystem with education.

Qi Card mobile money offering provides Iraqis with digital means for safe and secure financial transactions.

The solution offers customers a convenient and simple method for Savings Groups’ habit.

This was a top-up loan of $4 million to support microfinance sector during challenging environment brought about by COVID-19 crisis.

Investment of $15 million bolsters funding base for important economic pillars.

With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.

Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.

The aim of this partnership is to channel much-needed financing to agricultural and small and medium-sized exporters as well as microfinance institutions in Egypt in response to the economic difficulties brought about by COVID-19. 

The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.

According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.