Certain lenders have revised their lending rates upward by as much as 400 basis points as they apply risk-based pricing to arrest the asset quality degradation and the loss they suffered in the last three years.

Voyager, which serves 47 million people through its consumer platforms that include e-wallet and digital payments, said the fresh capital will fund its digital banking venture and other services like cryptocurrency and micro-investments.

Finalists will deliver a technical presentation of their innovations within a global audience of AFI member institutions, fintech experts and relevant stakeholders in virtual sessions across 12-13 April.

The Food and Agriculture Organization of the United Nations deepened its work for attracting and de-risking private-sector investments in agri-food systems, targeting public and private agricultural value chains actors as well as private investors, and piloting its interventions in six African countries.

The new products and services offered by the digital banking platform NowNow will further enhance its already existing services, consumer banking, agency banking and merchant payment solutions.

Wallet Factory has become the winner of Gold Award for Technology Innovation in the Financial Services category in the third annual Middle East & North Africa Stevie Awards sponsored by the RAK Chamber of Commerce & Industry.

The portfolio will invest in small and medium enterprises and through microfinance in themes such as climate and energy, education and healthcare.

The $150 million financing package will allow the bank to expand its financing to doctors and healthcare micro, small, and medium enterprises for working capital and purchase of medical equipment.

The program will help women running small businesses and microfinance institutions lending after the pandemic.

The goal of the collaboration is to work jointly mainly on financial inclusion, financial literacy of Punjab Information Technology Board incubation wing startups and awareness for the stakeholders of the Association of Chartered Certified Accountants.