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Ghana launches policies for financial development
May 28,2023
Ghana launched three initiatives including the National Financial Inclusion and Development Strategy,  Digital Financial Services Policy and the Cash-Lite Roadmap. The initiatives are meant to help Ghana achieve financial inclusion objectives. T...
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Bank for International Settlements published a report on policy perspectives around central bank digital currencies
May 25,2023
The Bank of Japan (BOJ), the Swiss National Bank (SNB), the Bank of England (BOE), the Bank of Canada (BOC), the Federal Reserve System (Fed), the Monetary Authority of Singapore (MAS), and the Bank for International Settlements (BIS) have published ...
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Facebook to launch cryptocurrency "GlobalCoin" by 2020
May 25,2023
Facebook is planning to launch a cryptocurrency for digital payments by 2020. Dubbed "GlobalCoin", the system is envisaged to provide a secure and affordable payment system even to the unbanked. According to a report by the BBC, GlobalCoin will be re...
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Kenya: outcry over mobile credit debt collection tactics
May 24,2023
The practice of mobile lenders sending messages to everyone in the mobile borrowers phonebook has ignited debate in the country, catching attention of legislators. Kenya has over 80 mobile applications, who typically offer unsecured micro loans after...
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GSMA launches state of mobile money report
May 20,2023
The number of mobile money accounts globally rose to over 1 billion in 2019. This is reported in GSMA's state of mobile money report for 2019. Some trends noted in 2019 include an increase in digitisation of mobile money, where money entering service...
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South Africa to consider financial inclusion in new industrial policy
May 18,2023
South Africa is considering legislative amendments for South Africa's industrial policy to galvanise inclusive growth and build local industrial capacity. Trade and Industry Minister Ebrahim Patel stated that the new policy would include amendments t...
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Wells Fargo launches 10 year banking inclusion initiative
May 18,2023
US financial services company Wells Fargo has launched a banking inclusion initiative to assist unbanked individuals gain access to affordable, mainstream, digitally-enabled transactional accounts. The commitment has two main pillars: provision of&nb...
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ITU hosts new security lab for digital financial services
May 18,2023
ITU has unveiled a new security lab  to support innovators in ensuring the security and resilience of financial applications and enabling infrastructure. The lab was created by the Financial Inclusion Global Initiative (FIGI) Working Group on se...
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Taiwan unveils Sustainable Bond Market
May 18,2023
The Taipei Exchange (TPEx) has launched a Sustainable Bond Market (SBM) listing its first three tranches of social bonds- green, social and sustainability bonds. Social bonds are debt instruments that raise money for social projects such as gender eq...
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US Bankers Group Releases Report on Improving Financial Inclusion
May 18,2023
The American Bankers Association, in collaboration with five financial services trade groups has released a whitepaper on the challenges and opportunities for financial inclusion for the unbanked and underbanked in the United States. The paper consid...
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Queen Maxima to receive 2021 Financial Health Visionary Award
May 18,2023
Industry association Financial Health Network(FHN), has announced the recipient for the Health Visionary Award 2021. Queen M
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Ghana reveals several policy initiatives to boost financial inclusion and digital payments
May 18,2023
The Ghanaian Ministry of Finance unveiled the government's financial inclusion vision that hinges on building a highly digitised payment system to accelerate economic development and promote inclusiveness. A number of policy frameworks have been set ...
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