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MasterCard Foundation launches $9.6 million initiative with Finmark Trust and Cenfri

The MasterCard Foundation today announced a five-year, $US9.6 million partnership with FinMark Trust and Cenfri of South Africa to launch and support a data facility designed to help financial service providers better understand the financial services needs of their clients.

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MyBucks and Opportunity International Partner to drive financial inclusion for 460 million unbanked

Opportunity, Inc., a next generation microfinance organization that invests philanthropic and social impact capital to spark and scale innovative solutions to global poverty, has entered into a share purchase agreement to sell six banks serving sub-Saharan Africa to the MyBucks Group, a Luxembourg-based financial technology (fintech) company which holds the three brands GetBucks, GetSure and GetBanked.

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Continental Money Transfer teams up with Earthport for East Africa Payments

Earthport, (AIM listed: EPO), the largest open network for global bank payments is pleased to announce that it has signed an agreement with Continental Money Transfer (CMT) a 24×7 provider of payments across borders, with secure online money transfer solutions.

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Nuspay launches first Tap & Pay NFC smart payment card in Nepal

Nuspay International Incorporated, a global technology company in the payments industry announced today the launch of the first NFC (near field communication) Tap & Pay payment card in Nepal.

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Banks have a $380 billion market opportunity in financial inclusion - Accenture

Banks can address an additional US$380 billion market in annual revenues by targeting micro-enterprises and bringing unbanked and underbanked adults into the formal financial system, according to a new report produced jointly by Accenture (NYSE:ACN), through Accenture Development Partnerships, and CARE International UK, a leading humanitarian organization fighting global poverty.

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Largest bank in Mozambique selects Ingenico to upgrade its POS fleet in Mozambique

Ingenico Group (Euronext: FR0000125346-ING), the global leader in seamless payment, today announced that Millennium Bim, the largest bank in Mozambique, has partnered with Ingenico Group to replace its current fleet of point-of-sales throughout the country.

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TawiPay closes seed round with former Western Union CEO

TawiPay, a money transfer search engine providing transparent information to migrants and expatriates around the world on the best services for their needs, announced today the closing of its first external funding round.

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Standard Chartered and Airtel partner for mobile wallets in Ghana

Standard Chartered Bank has partnered with Airtel Ghana Limited to launch Straight2Bank Wallet in Ghana, expanding the coverage of its mobile wallet service in Africa.

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Remitly arrives in Mexico

Today from Money20/20, Remitly, the largest independent digital remittance company in the U.S., announced the expansion of its mobile money transfer service into Mexico, the world’s single largest corridor for international money transfers.

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Tunisian Post puts eDinar on Monetas mobile platform

Today Monetas, the Swiss software startup is announcing the pilot launch of its software technology in Tunisia in partnership with the Tunisian Post Office, La Poste Tunisienne, and Tunisian technology startup DigitUs.

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First JCB Card in Mongolia introduced by State Bank of Mongolia

JCB International Co, Ltd. ("JCBI"), the international operations subsidiary of JCB, and State Bank, a government-run bank in Mongolia, are pleased to announce the start of issuing JCB debit cards to the people of Mongolia, who will be able to enjoy JCB's global merchant network with about 29 million acceptance locations.

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IMO, Tawipay sign remittance transparency MoU

The International Organization for Migration (IOM) Deputy Director General, Laura Thompson and François and Pascal Briod, TawiPay CEO and Head of Product, respectively, yesterday signed a Memorandum of Understanding, launching a public-private partnership to contribute to the lowering of remittances transaction costs globally and to the monitoring of Sustainable Development Goals (SDG) target 10.c.

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