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Philippines revitalises Islamic banking to boost financial inclusion
Aug 31,2023
Philippines has enacted a new law to provide for the regulation and organization of Islamic banks. Signed by President Duterte , the law mandates the central Bank, Bangko Sentral ng Pilipinas (BSP) to regulate and supervise the operations of Islamic ...
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The Agritech Challenge 2021 is open for applications
Aug 30,2023
In partnership with Atal Innovation Mission, NITI Aayog (Government of India), Bill & Melinda Gates Foundation, Rabo Foundation, International Fund for Agricultural Development (IFAD), and Bayer, The UN Capital Development Fund (UNCDF) launched a...
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Google updates play store policies for personal loan apps
Aug 20,2023
Google has updated its policiesfor personal loan apps. The updates are aimed at preventing predatory developers from manipulating users into taking loans at exorbitant interest rates. Google defines personal loans "lending money from one individual, ...
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Improving humanitarian payments through digital innovation: challenges and opportunities
Aug 19,2023
The Better Than Cash Alliance released its flagship report on improving humanitarian payments through digital innovation: challenges and opportunities. The report aims at helping humanitarians decide when to use digital payments for their recipients ...
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WEF launches financial inclusion principles
Aug 18,2023
The World Economic Forum has launched a set of financial inclusion principles. Under an initiative known as Edison alliance, the framework envisages data driven financial inclusion that is built on digital systems. Other facets of the framework inclu...
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MENA countries report a surge in online transactions in H1 2021
Aug 17,2023
The Egyptian National Telecom Regulatory Authority (NTRA) announced a surge in Mobile wallets to 16.3 million in Egypt during the first half (H1) of 2021, compared to 14.1 million in H1 of 2020. Mobile companies' shares of e-wallets were: Vodafo...
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The Arab Monetary Fund issues policy guide on adopting DLT, blockchain
Aug 17,2023
The Arab Monetary Fund (AMF) published 'Strategies for Adopting DLT/ Blockchain Technologies in Arab Countries', a policy guide for developing the fintech industry and promoting digital financial transformation in Arab countries through adopting...
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Vietnam targets transparent digital financial ecosystem by 2030
Aug 16,2023
To establish a promote digital financial ecosystem with enhanced cybersecurity and efficiency, the Ministry of Finance in Vietnam launched an initiative to develop a foundation for a modern and transparent digital financial ecosystem based on big dat...
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Over US$222m invested in fintech in MENA region, reports MAGNiTT
Aug 13,2023
MAGNiTT, a startup directory that connects investors, mentors, and emerging companies in the Middle East, published its flagship report 'The H1 2021 Middle East and North Africa (MENA) Venture.' The report, which is a bi-annual update on the venture ...
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Stanchart and Airtel Africa announce financial inclusion strategy
Aug 13,2023
The Standard Chartered Bank has announced a partnership with mobile network operator Airtel Africa to increase mobile access services to customers across Africa. This will enable corporate clients to make rapid bulk transactions such as payroll proce...
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Cassava and LTG launch multiservice technology platform
Aug 12,2023
Fintech company Cassava Fintech International in collaboration with large scale Internet service provider Liquid Telecom Group (LTG) have launched a multiservice technology platform where users can find and pay for low cost wi-fi. The platform, known...
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WEF pinpoints shared principles for an inclusive financial system
Aug 11,2023
Through The EDISON Alliance, the World Economic Forum (WEF) issued a document that identifies seven multistakeholder principles for an inclusive financial system which are suggested as a shared framework for different stakeholders in financial servic...
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