Coronavirus Pandemic Spawns Nigeria Banking Agent Boom
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.
Growth of Digital Wallets and Contactless Payments Set to Explode
A new study has found that total spend through digital wallets will exceed $10 trillion in 2025, up from $5.5 trillion in 2020.
ACI Worldwide and InComm Payments Partner to Digitize Cash Payments, Driving Financial Inclusion Amid the Pandemic
ACI Worldwide and InComm Payments announced a partnership that will digitize cash payments through the use of a barcode payment token.
EasyCash: An Interoperable ePayment Suite Powered by Wallet Factory Launched in Egypt
EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.
Luxembourg Becomes Ninth Contributor to UNCDF’s Last-Mile Finance Trust Fund (LMF-TF)
Contribution will be used to finance UNCDF’s BRIDGE Facility—the Finance Facility dedicated to the world’s 46 least developed countries (LDCs).
IFC and Ministry of Justice Join Hands to Improve Insolvency Laws in Kosovo, Boost Lending
The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.
IFC, BOA Kenya Partner to Expand Lending to Small Businesses in Kenya
Through the partnership, IFC will enter a risk-sharing facility with BOA Kenya that will help the bank scale up lending to small and medium-sized enterprises.
Symbiotics Launches $15 Million Green Bond for Greenlight Planet
Greenlight Planet will use the proceeds of the Green Bond to finance supplier advances, inventory and customer lease structures for pay-as-you-go solar home systems.
Promoting Financial Inclusion in Egypt
In the frame of this project, AFC, in collaboration with the national statistics office CAPMAS and the Central Bank of Egypt, conducted the first national representative financial inclusion survey in Egypt and build a data set as evidence base and baseline for future monitoring.
Ending 2021 Strong: Tugende Closes $17M in Additional Debt Investment
The new investments include a $5M local currency facility for Uganda from Nordic Microfinance Initiative (NMI), $6M from existing lender Symbiotics, and $1M from crowdfunding platform Lendahand, all to support growth in Uganda.