Articles with tag like: financial inclusion

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Mercado Libre receives USD 375 mln in credit from Citi

News | Payments General | 01 Dec 2021

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

GoPay partners Jago for financial inclusion in Indonesia

News | Online Payments | 01 Dec 2021

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 partners Mybank to augment ecommerce in Somalia

News | Cards | 26 Nov 2021

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 Arabia to grant operating license to more digital banks

News | Online & Mobile Banking | 29 Nov 2021

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

Monzo launches virtual cards for contactless payments to BNPL products

News | Online Payments | 26 Nov 2021

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

Zaggle partners with EarlySalary to provide instant lending solutions

News | Online & Mobile Banking | 18 Nov 2021

Fintech company Zaggle has partnered with personal loan and salary advance platform EarlySalary to offer affordable credit to more than 4,500 corporates catering to over five million users. 

lending, digitalisation, financial inclusion

Mercury Mastercard to be available for digital wallets

News | Mobile Payments | 18 Nov 2021

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 partners with Absa Bank to boost trade finance in Sub-Saharan Africa

News | E-invoicing, SCF & E-procurement | 17 Nov 2021

IFC has welcomed Absa Bank to its Global Trade Liquidity Program (GTLP). 

trade finance, financial inclusion

Blueprint for All partners American Express for financial inclusion

News | Payments General | 11 Nov 2021

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

Open Banking – so what's coming next?

Voice of the Industry | Online & Mobile Banking | 11 Nov 2021

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

Mercury Financial closes on new USD 400 mln warehouse facility

News | E-invoicing, SCF & E-procurement | 04 Nov 2021

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

Financial inclusion and digital innovation in LATAM – interview with SafetyPay

Interviews | Online Payments | 01 Nov 2021

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

Lendable to Launch USD 100 mln MSMEs fintech fund

News | Online & Mobile Banking | 28 Oct 2021

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

Flutterwave enables new Europe-Africa payment corridors via Stellar

News | Online Payments | 26 Oct 2021

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 and Wise to bring money transfer services to the gig workforce

News | Mobile Payments | 26 Oct 2021

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

Empowering women in payments

Interviews | Payments General | 26 Oct 2021

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

Fintech Galaxy closes USD 2 mln seed round for Open Finance development

News | Online & Mobile Banking | 20 Oct 2021

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, Infinios to support fintechs in UAE

News | Online & Mobile Banking | 19 Oct 2021

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

Open Banking takeaways from Money20/20 Europe – Open Banking Excellence

Voice of the Industry | Online & Mobile Banking | 19 Oct 2021

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

JazzCash and Mastercard offer financial solutions in Pakistan

News | Cards | 18 Oct 2021

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