All News and Announcements
U Microfinance Bank Islamic Banking Receives International Recognition During 8th Islamic Retail Banking Awards
The award honors U Bank’s recent introduction of Shari’ah-compliant financial solutions in Pakistan and comes soon after U Bank’s full-scale commercial launch of Islamic Banking services nationwide.
Saving Through bKash to Expedite Financial Inclusion From Rural Backwater
The bKash feature will open up new avenues for people who are lagging behind in terms of financial inclusion and expedite digital transformation.
Symbiotics Investments Brings World’s First INR-Denominated Gender-Focused Bond to the Luxembourg Green Exchange
The proceeds from the bond will be dedicated exclusively to providing loans to female entrepreneurs in India.
Mintoak Develops Merchant Solutions to Fuel Business Growth for MSMEs
The strategic bank x FinTech partnership aims to help merchants manage omnichannel payments and also seamlessly access financial services on an agile-tech platform.
Nextgen Ties up With Sa-dhan to Promote Digital Payments
The partnership intends to help millions of feature-phone users to make digital payments under the microfinance ecosystem.
U Microfinance Bank and Shahid Afridi Foundation Collaborate to Uplift Pakistan’s Education Sector
This collaboration will open doors for the provision of financial services to the SAF across a broad spectrum of banking solutions.
Symbiotics Investments Has Launched a $7.5 M Green Bond in India With Namdev Finvest Private Limited
The proceeds of this Green Bond will be used to finance electric mobility, renewable energy, and energy efficiency projects.
SBK Foundation and AGAM International Team on Bangladesh Digital Microfinance Platform
This first of its kind announcement between Bangladesh’s first digital-only microfinance provider and UK fintech will enable Bangladesh’s app-based entrepreneurs to access the credit they need to purchase goods to enable them to carry out their jobs.
EV Finance Company Mufin Green Raises $5.7 M From Incofin
Through this funding, the company plans to disburse income-generating loans worth INR 5,000 crore in the next five years, resulting in an overall reduction of four million tones of carbon emission, the firm said in a statement on 3 October.
VEON’s Mobilink Microfinance Bank Promotes Financial Inclusion and Supports Farmers with Programmes to Drive Economic Prosperity in Pakistan
The three Mobilink Microfinance Bank initiatives include low-cost 4G handsets for customers bundled with the bank’s digital banking application, e-commerce services for female entrepreneurs, and an agriculture advisory service for farmers in Pakistan.