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News

IFC, DAVR-BANK Boost Lending to MSMEs and Women-Owned Businesses in Uzbekistan

IFC's $5 million investment will provide critical working capital to help them continue their operations and stay afloat during the ongoing public health crisis.

News

$500 Million ADB Loan to Expand Financial Inclusion in Indonesia

Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.

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ICICI Bank Launches First Mobile Banking App

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.

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Nigeria: Citygate Microfinance Launches Digital Loan App

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.

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Egypt’s Zeal Raises Six-Figure Seed for Its Digital Payments and Loyalty Platform

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

News

Innovation Fund for COVID Response and Recovery Through Savings Groups

The SEEP Network is excited to announce a challenge fund to support innovations in gender-intentional COVID response and recovery efforts related to Savings Groups.

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IFC, Aavas Financiers to Help Catalyze Affordable Green Housing Finance for Low-Income Borrowers in India

An endeavor to address a critical gap in affordable green housing in India will benefit scores of low-income borrowers, including women.

News

AFD Loans $356M to IFAD to Assist Rural Farmers

AFD loans $356M to IFAD to assist rural farmers in developing sustainable agriculture, accessing microfinance, fighting hunger, responding to climate change, enduring COVID-19 pandemic.

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Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic

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.

News

Philippines Global Financial Inclusion Ranking Slips Further

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.