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LATAM’s biggest ecommerce platform Mercado Libre has borrowed USD 375 million from Citi Bank to expand its credit offer to SMEs, entrepreneurs, and consumers across Mexico and Brazil.
investment, Citi, Mercado Libre, financial inclusion, expansion, online payments
Indonesia-based e-money wallet GoPay integrated with Jago bank to enable Indonesians to open a Jago bank account directly from the Gojek app.
partnership, financial inclusion, digital banking, bank account, money transfer
Mastercard has teamed up with online banking e-payment company Mybank to grow access to the digital economy and drive financial inclusion in Somalia.
Mastercard, debit card, partnership, financial inclusion, expansion, ecommerce
Saudi Central Bank (SAMA) Governor Fahd Al-Mubarak has announced that the Kingdom will grant operating license to more digital banks.
digital banking, financial inclusion, banking, banking license
UK-based online bank Monzo has announced it now offers virtual cards for customers who want to make contactless payments using the Mondo Flex BNPL service.
product upgrade, BNPL, instalment payments, online payments, virtual card, financial inclusion, online shopping
lending, digitalisation, financial inclusion
Mercury Financial has announced that its Mercury Mastercard will be available for digital wallets, increasing accessibility to payment platforms for underrepresented communities.
expansion, financial inclusion, product launch, mobile payments
IFC has welcomed Absa Bank to its Global Trade Liquidity Program (GTLP).
trade finance, financial inclusion
UK-based non-profit organisation Blueprint for All has teamed up with credit card provider American Express to deliver a specialised Financial Services programme for its members.
American Express, partnership, financial inclusion, financial services
Helen Child, Founder, Open Banking Excellence (OBE): Market adoption is accelerating, it’s an incredibly exciting time!
Open Banking, Open Finance, financial inclusion, account-to-account payment
US-based Mercury Financial, a financial inclusion technology company, has announced the closing of a new USD 400 million warehouse facility.
financial inclusion, funding, credit card, unbanked
We sat down with Gustavo Ruiz Moya, CEO of SafetyPay, to learn more about financial inclusion, digital innovation, and the role of alternative payment options in LATAM
ecommerce, financial inclusion, digital payments, QR code, merchants, financial services, marketplace
Kenya-based Lendable, an emerging market fintech credit provider, is targeting a USD 100 million closed-ended fund focused on emerging and frontier market fintech investments.
funding, SME lending, unbanked, financial inclusion
Nigeria-based fintech Flutterwave has partnered with US-based Stellar to open two new remittance corridors between Europe and Africa on the Stellar network.
Flutterwave, partnership, digital payments, financial inclusion, remittance, product upgrade
Payfare, a Canada-based fintech, has partnered with money transfer company Wise to bring their capabilities to the gig economy in North America.
fintech, money transfer, partnership, gig economy, digital banking, financial inclusion
Don't know how to achieve greater personal success, influence, and professional parity? Grace Klopcic, Partner, McKinsey & Company, speaker at Wnet 2021 Leadership Summit reveals how
investment, financial services, growth markets, financial inclusion
The first UAE-based open finance platform Fintech Galaxy has raised USD 2 million in its latest funding round, reports Arab News.
Open Banking, Open Finance, financial inclusion
Commercial Bank of Dubai (CBD) and Bahrain-based fintech Infinios Financial Services announced a strategic partnership to support the fintech ecosystem in United Arab Emirates.
central bank, fintech, digital banking, financial inclusion
Helen Child, Founder, Open Banking Excellence (OBE): The UK has created the blueprint for Open Banking and Open Finance, the pace of market adoption is accelerating, an incredibly exciting time for this sector
Open Banking, Open Finance, digitalisation, banks, fintech, account-to-account payment, financial inclusion
Pakistan-based fintech JazzCash has partnered with Mastercard to offer customers in Pakistan access to physical or virtual Mastercard Debit Card and make QR payments.
Mastercard, partnership, debit card, virtual card, QR payments, digital payments, financial inclusion