Following this acquisition, PAMF will operate with SAMA Money Group’s objective of improving the group’s contribution to financial inclusion for the unbanked population by providing accessible digital microfinance services to everyone.

The introduction of parametric insurance in Tonga last year is already having a positive impact on the mindset of beneficiaries, as well as the country’s overall financial services ecosystem.

The reforms are expected to benefit both individuals and companies through increased access to financial products such as credit and digital payments, as well as improved consumer protection supervision.

The general objective is to test a tailor-made and innovative agricultural product for smallholder farmers and expand the loan products to rural areas.

The awardees include HugoBank Limited, KT Bank Pakistan Limited, Mashreq Bank Pakistan Limited, Raqami Islamic Digital Bank Limited and Telenor Microfinance Bank Limited.

The Iowa Credit Union Foundation recently announced a new three-year, $150,000 investment in a grant initiative that will address barriers to financial well-being for minority populations in Iowa.

On the 19 and 20 September 2023, the Selection Committee for the European Microfinance Award 2023 (EMA2023) on “Inclusive Finance for Food Security & Nutrition” selected the three finalists who will go on to compete for the EUR 100,000 prize.

IDEO Last Mile Money's Financial Confidence Playbook is a design guide for product teams and research organizations focused on digital financial services for the last mile.

The new, innovative funding mechanism WFP BRIDGE aims to catalyze additional funding for businesses working towards ending hunger in challenging environments and who often struggle to access commercial financing mechanisms.

The EMW 2023 line-up is organized across several thematic streams, such as digitization, social performance, funding/investment – and this year there also will be streams on refugee finance, agri-finance, and a particular emphasis on green and climate-smart finance, and “Food Security & Nutrition” – the topic of the European Microfinance Award 2023.