This is the first time that a rating agency specializing in microfinance has been authorized in Panama to rate regulated financial institutions in the country.

The award honors U Bank’s recent introduction of Shari’ah-compliant financial solutions in Pakistan and comes soon after U Bank’s full-scale commercial launch of Islamic Banking services nationwide.

Per the statement, the pledge will further scale Visa’s operations in Africa and deepen collaboration with strategic partners, including governments, financial institutions, mobile network operators, fintechs and merchants.

The investment will allow Banistmo to address two development challenges simultaneously by reducing the financing gap for SMEs and addressing the country's housing deficit.

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

By offering a frictionless and friendly lending experience, the firm aims to empower traditionally underserved Filipinos to achieve their goals and bring them into the formal and secure financial ecosystem.

The cloud banking platform will help Timo scale its business and acquire 5 million new customers over the next three years.

With the issuance of this Green Bond, CIFI will promote sustainable development in Latin America and the Caribbean by financing several green projects in renewable energy: solar, wind, geothermal power, biomass or biogas power, and hydropower.

Payhippo says this acquisition will enable them to directly access Nigeria’s Inter-bank Settlement System.

BBVA achieved the highest score (100 points) in several areas: financial inclusion; environmental and social information; human capital development; materiality; fiscal strategy; crime prevention; public influence or lobbying; and human rights.