All News and Announcements

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News

Jamaica Plans to Launch Central Bank Digital Currency in 2022

The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic. 

News

Apply for the EUR 100,000 European Microfinance Award 2021

Application deadline is 13 April 2021, 23:59 pm CET 

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Banque Populaire Launches Microfinance Program for Moroccan Women

The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.

News

Experian and FinScore to Raise Financial Inclusion in the Philippines via Alternative Credit Scoring

Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.

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Coronavirus Pandemic Spawns Nigeria Banking Agent Boom

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services.

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Growth of Digital Wallets and Contactless Payments Set to Explode

A new study has found that total spend through digital wallets will exceed $10 trillion in 2025, up from $5.5 trillion in 2020.

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MoneyGram Advances Mobile Wallet Capabilities with Five-Year Extension to Ooredoo Qatar Partnership

Renewal enables MoneyGram and Ooredoo customers to continue to send money in near real-time to family and friends through Ooredoo Money Wallet.

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Citi Launches Digitized Documentation for Cross-Border Payments

New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.

News

Central Bank of Sri Lanka and IFC Launch the Country’s First National Financial Inclusion Strategy to Boost Financial Inclusion for All

The new strategy highlights Sri Lanka's gains in boosting access to financial services, and particularly, on areas of improvement to ensure usage and full financial inclusion in the country.

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African Development Bank Provides $320,535 to Mainstream Gender in Economic Community of West African States' Digital Financial Operations

The funds will support a gender gap analysis of several West African Monetary Agency strategies including those for financial inclusion; gender disaggregation data analytics; digital payment services and infrastructure; and digital identity.