President, Dr. Arif Alvi urged the banking institutions to take measures to further strengthen financial inclusion and gender equality in the sector. 

The B20 task force on financial inclusion for economic empowerment has identified 11 key themes around gender and diversity, reducing cost of borrowing for underserved segments, harnessing power of BCs, intervention of agriculture and rural segments, cross border payments and more.

The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.

Symbiotics Investments' loan represents the first-ever local currency loan by any international institution in the microfinance sector of Pakistan.

Paywatch, a South Korean startup based in Malaysia since 2022, announced last week an MoU with Visa to promote financial inclusion and bridge the gap between traditional banking services and the unbanked populations in Asia.

The funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment.

The extension of the Local Government Initiative on Climate Change Project will be implemented in two districts of Bangladesh to strengthen communities' resilience to the impacts of climate change.

The Bangladesh Garment Manufacturers and Exporters Association has partnered with Mitro Fintech Ltd to improve the financial inclusion of Ready-Made Garments workers by offering them digital financial solutions.

The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.

Huawei, a leading global technology solutions provider, recently reaffirmed its commitment to bKash, the leader in mobile payments and financial services in Bangladesh, that will plot the way towards financial inclusion.