The scheme is designed to make credit facilities accessible to 90,000 low-income households comprising smallholder farmers and microenterprises in Northeast states of the country.

Citi will be the only top five U.S. bank to completely eliminate these fees, representing its continued commitment as a top leader in banking to increase financial inclusion in underserved communities.

The company aims to solve the problem of informal areas not having access to payments systems in the digital age.

The coalition said it had exceeded its initial target by 40 percent, while development finance institutions jointly committed over $5.55 billion of financing of MSMEs in Africa over the period.

This collaboration will enable the last-mile consumers in Nepal to reap the benefits of an open interoperable payments system driving immediate payment transfers between bank accounts and merchant payments in real-time.

With this launch and with an ongoing collaboration with Mercy Corps, Payrail Agency hopes to offer a bouquet of services to solve diverse business needs and challenges of small holder farmers.

Papers exploring the relevance of financial technologies in facilitating access to financial services in Europe will be especially valued.

Founded in 2016 in Nigeria, the San Francisco-headquartered, specializes in individual and consumer transfers, one of several fintech firms aiming to facilitate and capitalize on Africa’s booming payments market.

The two countries are looking towards financial sector digitalization. A conference slated for June in Zurich seeks to do just that. 

The overall program objective is to increase the productivity of the participating actors in the agricultural value chains particularly affected by climate change.