The eight initiatives include developing financial services for all segments of society through financial technology and digital transformation, instant payments, open banking, developing the national distributor, and preparing controls regulating this field in accordance with best practices.

By joining, CARE commits to championing women-led businesses and working to eliminate financing gaps for women entrepreneurs.

Published in June, the report looks at the role credit unions play in supporting migrants and refugees in four countries: Brazil, Ecuador, Poland and the United States.

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

The money will "empower local small- and medium-sized enterprises, with a particular focus on underserved segments such as youth and women-owned businesses, agricultural enterprises, and very small enterprises".

Six students from Colombia and Peru are granted scholarships to cover tuition and academic costs for the young students until they finish their studies.

The fresh capital will be used by Jeff App to continue its aggressive expansion into new markets, with India being the next target. 

These forward-thinking fund managers are dedicated to addressing climate change head-on and driving positive impact in diverse regions across the globe.

The company projects it will process around $400 million in payments this year in the five countries in which it operate.

The firm was committed to educating young people about the importance of insurance and financial planning from an early age.