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South Africa commits to women's financial inclusion
Sep 23,2023
South Africa's President Cyril Ramaphosa reiterated the country's commitment to women's financial inclusion. He was speaking during a High Level Virtual Panel hosted by the G7 Partnership for Women's Digital Financial Inclusion in Africa. South Afric...
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Mastercard and Juvo team up to help underbanked build credit in LATAM and Caribbean
Sep 17,2023
Mastercard and Juvo have teamed up to help underbanked Latin America and the Caribbean build credit histories and have access to a range of financial services. Juvo has built a 'financial identity as a service' (FiDaaS) which enables customers to bui...
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Digital Lender Tala closing operations in Tanzania
Sep 17,2023
Mobile loan app Tala has announced that it is shutting down its operations in Tanzania. In an instagram post, the company regretted that it had ceased offering loans in Tanzania. Confirming the post, Tala explained that they could not divulge their r...
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Bridging Trade Finance Gaps through Technology: The Report
Sep 17,2023
The Asian Development Bank (ADB) has published a report titled 'Asia-Pacific Trade Facilitation Report' to highlight the link between digitalisation and trade and help bridge the gaps in trade finance to ensure more inclusive participation in trade. ...
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Singapore and India to link real-time payment system by 2022
Sep 14,2023
The Monetary Authority of Singapore (MAS) and the Reserve Bank of India (RBI) plan  to link their national real-time payment systems, PayNow and Unified Payments Interface (UPI), by July 2022.  MAS has shared that this linkage will facilita...
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Sep 14: South Africa: Merits and demerits of digital welfare emerge in COVID-19 grants
Sep 14,2023
South African public agencies are increasingly adopting digital technologies for the processing and disbursement of COVID-19 relief grants, following various lockdown measures by the government. For example, the South African Social Security Agency (...
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The Broadband Commission for Sustainable Development releases its annual report
Sep 11,2023
The Broadband Commission for Sustainable Development released its annual report. It provides a global snapshot of broadband network access and affordability, with country-by-country data measuring broadband access against the Commission's seven advoc...
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Mpesa reaches 50 million active users in Africa
Sep 08,2023
Mobile money service provider Mpesa has reported reaching 50 million active users in Africa. The platform, owned by Kenya's Safaricom and Vodafone South Africa, operates in Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana and Eg...
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Mastercard and Asian Development Bank build multistakeholder alliance to digitalise supply chains for wholesalers and retailers
Sep 08,2023
With the support of the Asian Development Bank (ADB), a new alliance between Mastercard, N-Frnds, SGeBIZ, and Finastra was formed to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase w...
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Egypt to establish financial services and digital transformation investment fund
Sep 07,2023
The Egyptian government approved a decree to establish an investment fund to help boost the non-banking financial services sector and promote digital transformation. The sub-fund, which will be affiliated to The Sovereign Fund of Egypt (TSFE), will s...
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Afghanistan launches National Financial Inclusion Strategy
Sep 05,2023
Afghanistan's central bank, Da Afghanistan Bank in conjunction with the World Bank has launched the Afghanistan National Financial Inclusion Strategy. The strategy, which was developed over the last 18 months aims to enhance access to finance in crit...
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Sierra Leone develops blockchain based national digital ID
Sep 02,2023
Sierra Leone's President Julius Maada Bio has announced that his government is developing a blockchain-based digital ID system. Bio explained that the project was already in the first phase where all identity records are being digitised. In the subse...
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