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Ghana launches financial inclusion strategies
May 18,2023
Ghana's Ministry of Finance has presented the government's vision for an integrated payment system whose goal is to increase financial services to all. The digital financial services policy includes a payment service known as Cash-Lite and the policy...
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Mastercard commits to connect 1 billion people to the digital economy by 2025
May 18,2023
In response to COVID-19 crisis, Mastercard pledged to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025, with a special focus on providing 25 million women entrepreneurs with solutions that c...
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US Congress considering amendment to credit union law
May 17,2023
The US Congress Financial Services Committee is considering amendments to credit union laws that would allow federal credit unions to add underserved areas to their field of membership and exempt loans in low-income areas from the member business len...
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GSMA:Africa accounts for over 70% of mobile money transactions globally
May 13,2023
A report by GSMA shows that registered mobile wallets in Africa have reached 621 million, which translates to 70% of the world's$1 trillion mobile money value. This is a 17% increase from 562 million in 2020. Noting that the COVID 19 pandemic had cat...
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Mastercard and Billetera partner to drive digital financial inclusion in Democratic Republic of Congo
May 11,2023
Mastercard and Billetera, a leading digital payments technology company headquartered in Kenya, unveiled a new partnership to promote digital financial inclusion in the Democratic Republic of Congo (DRC) by providing diverse digital payment solutions...
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NITI Aayog and Mastercard release report titled 'Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat'
May 11,2023
The National Institution for Transforming India (NITI Aayog) and Mastercard published a report under the title of 'Connected Commerce: Creating a Roadmap for a Digitally Inclusive Bharat' which looks at the challenges to promote digital financial inc...
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Nigeria's issuing banking licenses to top telecom companies
May 08,2023
 The Central Bank of Nigeria issued several banking licences to telecommunication companies. This follows adoption of payment service bank (PSB) licences which aim to diversify financial distribution channels as well as banking models.  Mod...
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Money transfer group Mukuru acquires fintech Zoona's assets in Malawi
May 06,2023
On 5 May, African based international money operator and remittance, Mukuru, confirmed their purchase of Zoona's operational and technological assets in Malawi. Zoona is an African based fintech company that helps entrepreneurs bring reliable financi...
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Mexico: Santander Bank to pilot Whatsapp payments
May 02,2023
Mexico's second largest bank, Santander will enable its customers to send money to Whatsapp contacts. The programme, which is expected to deepen financial inclusion is set to begin in May 2019. At inception, Santander bank customers will be able to...
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More than 300 mobile money services across 96 countries promoted financial ecosystem in 2020, GSMA report
May 01,2023
GSMA released its annual flagship report 2021 State of the Industry Report on Mobile Money which focuses on the supply-side data and insights from the mobile money industry and investigates the major industry trends in 2020. According to the report, ...
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Council of of Arab Central Banks and Monetary Authorities Governors to emphasise digital financial inclusion
Apr 27,2023
The Council of Arab Central Banks and Monetary Authorities Governors is placing greater emphasis on promotion of access to digital financial services in the Arab countries, following the COVID-19 pandemic. This was stated by various speakers during t...
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Togo has distributed CFA8.5 billion since 2014
Apr 26,2023
The government of Togo has distributed over CFA8.5 billion to poor people between 2014-2020. This was disclosed during a virtual meeting between Togolese Prime Minister Victoire Tomegah-Dogbe and the United Nations Secretary-General's Special Advocat...
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