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NOW Money to issue Visa cards

Visa, the world’s leader in digital payments, has partnered with NOW Money, the UAE-based digital account service, to grant low-income customers in the Gulf region access to a full service digital banking solution.

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Idemia combines payments card with digital ID

Converged Card is a state-issued driver’s license or identification with a payment credential.

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Commercial Bank of Dubai to target low-income customers with NOW money

Commercial Bank of Dubai (CBD), one of the leading financial institutions in the UAE, has signed a partnership agreement with NOW Money, the digital account service, to provide accounts and cards targeted specifically at low-income customers.

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Venio goes to Mexico

Venio, the mobile application providing “nano-credit” facilities to unbanked consumers in emerging markets accessed via a smartphone, today announces its launch in Mexico.

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Finastra brings financial inclusion to developing markets in APAC

Finastra has announced plans around a range of initiatives which will enable its customers to accelerate through change, as well as creating positive outcomes for millions of people around the world. The move is part of the company’s ongoing innovation and open cloud platform strategy.

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TotallyMoney launches app for better borrowing behaviour

Scale-up FinTech TotallyMoney has launched a new and exclusive app-only feature to help their three million customers gain a greater understanding of their borrowing behaviour and make better financial decisions.

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Paragon Bank and TruNarrative join forces to automate due diligence

Paragon Bank has procured business onboarding and automated due diligence technology services from RegTech firm, TruNarrative.

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Mastercard commits $500m to help close racial wealth gap

In its sustained efforts to build a more inclusive global digital economy, Mastercard is investing $500 million in Black communities over the next five years. T

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Icici Bank provides Covid-19 testing vehicles and PPE to Odisha

ICICI Bank announced that it has taken a series of measures to assist authorities in Bhubaneswar in the fight against the COVID-19 outbreak. The Bank has contributed a mobile COVID-19 testing vehicle to the Bhubaneswar Municipal Corporation (BMC) to help BMC to collect swab samples swiftly from people, including the differently-abled and those who are unable to visit hospitals for testing, across the city. The Bank has also provided 30 threewheelers to differently-abled persons in Bhubaneswar to support their mobility who have been identified by the Department of Social Security & Empowerment of Persons with Disability (SSEPD), Government of Odisha.

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Crown Agents Bank join forces with Paycode to better serve African unbanked

Crown Agents Bank Ltd has announced that it is collaborating with Paycode PTY Ltd of South Africa.

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Google to invest $10 billion to drive digitsation in India

Today at Google for India, Google CEO Sundar Pichai announced a $10 billion Google for India Digitization Fund to help accelerate India’s digital economy.

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GSMA launches Mobile Money Interoperability Test Platform driving financial inclusion in Africa

For over a decade, mobile money has been driving financial inclusion, opening access to digital transactions and giving people the tools to better manage their financial lives. Today, there are more than a billion registered mobile money accounts globally, spread across 290 mobile money deployments that are live in 95 countries.

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