The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.

The Financial Inclusion Index has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal, and the pension sector in consultation with government and respective sectoral regulators.

India’s fintech sector is set for landmark Initial Public Offerings (IPOs) in the next five months as at least three startups – Paytm, Mobikwik, Policybazaar – are likely to raise up to $3.7 billion through public offers.

Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.

Facebook is expanding its women-empowerment focused initiative, SheMeansBusiness, to bolster the financial inclusion and resiliency of women-led businesses in Pakistan. 

The new policy aims at financial independence for people with disabilities by improving their access to banking services as well as providing opportunities to contribute as bank employees.

Digital payment transactions have fallen sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic in India.

The foundation's announcement said that Mojaloop will benefit from Singapore's policy development perspectives and technical guidance.

Survey findings on the impact of COVID-19 on financial behavior show that while financial inclusion in Pakistan increased from 21 percent of adults pre-pandemic to 25 percent in late 2020, the change was driven entirely by mobile money adoption.