Li told Reuters in an interview that in “traditional finance” investing in SMEs was rarely worthwhile for global institutions as the due diligence was difficult, risks were high and funding amounts small.

The loan aims to help the bank increase lending for climate-friendly projects and to smaller businesses, especially those owned by women.

The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic. 

Application deadline is 13 April 2021, 23:59 pm CET 

The announcement came on International Women’s Day, a worldwide celebration of womanhood and femininity and a focal point in the global movement for women’s rights.

Through this partnership FinScore will intensify its focus on delivering alternative credit scoring to help financial institutions reduce high default rates and prevent fraudulent activity.

Mobile money firms across Africa are ramping up plans to bring banking to millions after the pandemic caused a surge in the use of digital financial services.

A new study has found that total spend through digital wallets will exceed $10 trillion in 2025, up from $5.5 trillion in 2020.

Renewal enables MoneyGram and Ooredoo customers to continue to send money in near real-time to family and friends through Ooredoo Money Wallet.

New offering combines electronic cross-border payments and associated documentation on same platform, cutting days off execution of cross-border payments in South Africa.