Financial inclusion - Announcements, News, Articles & Research: Finextra

MetaBank strikes deal with Curo to provide short-term credit to underbanked consumers

MetaBank; a wholly-owned subsidiary of Meta Financial Group, Inc. (NASDAQ: CASH) (“Meta”) and a leader in delivering innovative payment, community banking and financing solutions to partners throughout the country, today announced an agreement with CURO Group Holdings Corp (NYSE: CURO) (“CURO”), a leader in providing short-term credit to underbanked consumers.

04 May 2018

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Ant Financial invests in Banladesh-based bKash

The leading mobile financial services provider of Bangladesh, bKash Limited (“bKash”) and Ant Financial Services Group (“Ant Financial”), operator of Alipay, today announced a strategic partnership to promote financial inclusion for the unbanked and underbanked communities in Bangladesh.

26 April 2018

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Ifad and Ant Financial sign MoU on rural unbanked

The International Fund for Agricultural Development (IFAD) and Ant Financial Services Group today signed a Joint Declaration of Intent to explore ways to contribute to economic development in rural areas and the reduction of rural poverty in China and other developing countries.

18 April 2018

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Lending app Tala targets India, fuelled by $65m in new financing

Tala, the leading global technology company committed to financial inclusion, will bring its popular consumer lending app to India.

17 April 2018

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Fidor and IFC partner to expand digital financial inclusion in developing markets

Fidor, an innovative provider of digital banking services, today signed a Memorandum of Understanding (MOU) with IFC (International Finance Corporation), a member of the World Bank Group, to identify opportunities to expand digital banking services in Africa and Latin America to boost financial inclusion.

11 April 2018

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NIFT and TPS to build digital banking platform in Pakistan

National Institutional Facilitation Technologies (NIFT) and TPS have entered into a strategic partnership to build a Digital Financial Services Platform in Pakistan.

05 April 2018

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Mastercard names Raghav Prasad division president, sub-Saharan Africa

Spurred on by the company's steady growth in Sub-Saharan Africa and in line with its focus on investing in the continent, Mastercard has appointed Raghav Prasad as Division President for Sub-Saharan Africa.

04 April 2018

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Icici Bank's 'digital village' gets top green rating

ICICI Bank, India’s largest private sector bank by consolidated assets, today announced that its digital village – Raithal has been awarded a 'Platinum' rating by the Indian Green Building Council (IGBC) making it the first digital village in the country to be certified as a ‘green village’.

28 March 2018

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Axiom Bank partners Malauzai for app targeting underbanked

Axiom Bank, the second largest community bank in Florida, recently launched AxiomGo, an all digital checkless checking account for people who want an alternative to prepaid cards and traditional checking.

26 March 2018

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Victory Park Capital partners IFC on fintech fund for emerging markets

Victory Park Capital (“VPC”), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, announced today that it has launched a new fund together with the International Finance Corporation (“IFC”), a member of the World Bank Group.

16 March 2018

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Yoma rides fintech wave in Myanmar with stake in Wave Money

Yoma Strategic Holdings Ltd. (“Yoma Strategic” or the “Company”, and together with its subsidiaries, the “Group”) plans to acquire a 34% stake in Digital Money Myanmar Co., Ltd. (“Wave Money”) from First Myanmar Investment Company Limited (“FMI”) for US$19.4 million, which is subject to completion and will be funded within existing capital plans (the “Acquisition”).

06 March 2018

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Digital credit scoring paves way for microloans in East Africa

More than 2.5 billion people around the world – many of them in Africa – lack formal identification that enables them to access to financial and government services, according to the United Nations and the ID2020 project. What’s more, less than 10% of adults in low and middle-income countries are on file in public credit registries.

27 February 2018

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