All News and Announcements

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News

Governments Look to Fintech Revolution to Drive Financial Inclusion

Digital advances are providing governments with unprecedented opportunities to improve rates of financial inclusion through fintech-driven programs and solutions.

News

Small Industries Development Bank of India Launches Second Window of Swavalamban Challenge Fund

The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.

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Advans Nigeria Wins "Microfinance Bank Brand of the Year 2021" at BAFI Awards

The Banks and Other Financial Institutions’ (BAFI) Awards is annual event set up to recognize and celebrate organizations that have achieved excellence in the delivery of their financial services across the entire client/customer spectrum and contributed to the industry’s overall growth.

News

IFC Supports FinComBank to Attract Investments, Driving Growth in Moldova Amid COVID-19

The collaboration will help address the liquidity constraints that micro, small, and medium enterprises are facing in the country, supporting economic stability.

News

Pro Mujer Launches Emprende Platform to Incubate Women-Owned Microenterprises in Latin America

The US-based social enterprise Pro Mujer this week launched the pilot phase of the platform, a Spanish-language resource for women running “subsistence” enterprises.

News

Whale Cloud and Ant Group Join Force With Toka Fintech to Expand Inclusive Financial Services

The partnership will help Toka Fintech, a Mexican-leading financial group, to develop its own digital payment app with Alipay+ Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.

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India Now Ahead of China in Financial Inclusion Metrics: SBI Report

The report states that financial inclusion policies have a multiplier effect on economic growth.

News

IFC’s Investment to Boost Green Housing, Strengthen Capital Markets in Romania

This placement is the first-ever senior preferred bond issuance by Banca Comercială Romana S.A., Romania's second-largest bank.

News

UNCDF and Its Partners Launch E-learning Modules to Help Fill the Digital and Financial Literacy Gap for Small and Micro Businesses in Bangladesh

Over 50 percent of small and micro-businesses  in a recent UNCDF and Visa study had poor understanding of how digital and financial services could help their businesses, and financial literacy gaps were even more pronounced for women entrepreneurs.

News

CGAP Seeks to Partner With Microfinance Providers to Digitize Lending

CGAP aims to support up to five MFIs in two workstreams: 1) A measurement workstream to assess the impact that MFIs’ digital solutions, and 2) An automation workstream to automate the repeat loan process, particularly for MFIs’ existing MSE clients.