The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.

The partnership aims to develop an enhanced digital service offering and support the financial inclusion of marginalized populations, especially women, in developing and emerging countries.

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.

Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.

Investing in digital finance can build a better future for the poor, says the CEO of the Consultative Group to Assist the Poor.

Up to 77 percent of consumers in the Kingdom spending more money online since the onset of the pandemic.

ICICI Bank announced that it has transformed its state-of-the-art mobile banking app, iMobile, into an app that offers payments and banking services to customers of any bank.

A microfinance institution, Citygate Global, has unveiled a multi-purpose mobile loan application, Monéé, which was designed to also cater for loan, savings, funds transfer services, investment, bill payment and others.

Egyptian fintech Zeal Rewards has raised a seed investment from an angel investor, it announced in a statement to MENAbytes this week.

Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.