Licensed digital/online money lenders, who are diverting from the newly issued digital lending guidelines issued in March by the Uganda Microfinance Regulatory Authority (Umra), risk having their licenses revoked, the sector regulator has warned.

This publication shares how policies, products, and grassroots actions enable women entrepreneurs to thrive with digital financial services.

Amid the enthusiasm to expand and scale digital public infrastructure (DPI) models to dozens of new markets, this report explores the opportunities for DPI to be built and deployed responsibly for three fundamental elements of financial inclusion: identity (ID), payments, and consent-based data exchanges. 

Interledger Foundation (ILF) has announced that it is now accepting applications under its ILP (Interledger Protocol) Digital Financial Services Grant for emerging financial services, products, and innovative solutions geared toward benefitting underserved and underrepresented communities.

By streamlining cross-border payments and reducing reliance on third-party currencies, initiatives like these promote financial inclusion and stability. 

For digital payments to be meaningful for farmers, the study finds that digitization needs to be strongly linked to access to a broader suite of financial services, to unlock farm investments and smooth day-to-day consumption. 

Known as the digital ouguiya, the potential CBDC would complement cash. 

The agreement will allow Nu Colombia to build the foundations to launch, in the future, a market strategy that promotes the financial inclusion of this population through access to digital financial services focused on savings accounts.

FinEquity shares details of its collaboration with DSG Hub, to support the digitization of savings groups, a key priority for FinEquity stakeholders, in particular in Africa.