The fund seeks to enable financial institutions to better meet the needs of small businesses that are currently excluded from the financial system by providing growth capital and strategic support for digital transformation.

FINLAC, a joint effort by the IDB, IDB Invest and IDB Lab, serves as a one-stop shop for advancing financial inclusion, supporting governments, accompanying firms, and igniting innovation in developing and implementing effective policies, reforms and business practices to create inclusive financial markets in the region.

The 2024 Award will recognize one or more member credit union associations or individual member credit unions for successfully working toward our Challenge 2025 goal of expanding digital transformation across the globe.

The objective of the partnership is to fully digitize all banking services offered by the company, a significant move to enhance the overall digital experience for Ebdaa's customers.

Orion Innovation is excited to announce a strategic partnership with Philippines-based Cebuana Lhuillier Bank in its transformative journey towards financial inclusion and modernized banking services.

Symbiotics Investment granted Money Fellows, an Egyptian fintech, a $2.25 million loan to digitize money circles and expand its operations locally.

The collaboration will see Development Finance Corporation support potential investments of up to $50 million in organizations within the Mastercard Community Pass network.

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.