CAF -development bank of Latin America- is organising the fourth edition of the Financial Inclusion Lab (LIF 2022) focused on finding digital solutions for the financial inclusion of women, with the aim of promoting the generation of technological solutions in the following areas: – Solutions to improve women’s financial education and capabilities. – Solutions with financial
Category: BANK AND DIGITAL FINANCE INCLUSION
The president of the World Bank, David Malpass, has disclosed that cheap and functional mobile phones as well as affordable internet access are necessary for the expansion of digital finance in developing economies. He disclosed that the covid-19 pandemic influenced a digital revolution that has catalyzed the increase in access to and use of financial
The Bank of Central African States (BEAC), which serves Cameroon, Gabon, Chad, the Republic of Congo, Equatorial Guinea and the Central African Republic (CAR), could become the first regional bank on the continent to launch a common digital currency. BEAC was urged to advance the move by its board of directors in meetings held on
San Francisco-based digital bank Varo has laid off 75 members of staff as it looks to restructure in the pursuit of profitability. Varo Bank lays off 75 employees In an announcement on the bank’s website, CEO Colin Walsh says the firm is “not immune to the impacts of our current environment” and the job cuts
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Mikhail Miro, CEO at Wallet Factory & FinTech visionary with extensive background experience in banking and payment industry verticals. getty Improving financial inclusion has become a top priority within environmental, social and governance (ESG) frameworks. I see how isolated communities around the globe lack technology-enabled infrastructure and suffer from economic discrepancies due in large part
Deutsche Bank and PT Home Credit Indonesia (“Home Credit”), a global consumer finance company today announced they have closed a IDR156 billion (US$10.4 million) ESG-linked loan facility that focuses on performance targets linked to ESG principles. This is Home Credit’s first ESG-linked loan in Indonesia, as it seeks to deliver sustainable financial services and inclusive
TEMPO.CO, Jakarta – Bank Indonesia (BI) recorded that the number of merchants utilizing its Indonesian Standard Quick Response Code (QRIS) currently stood at 19 million since being launched on August 17, 2019. Of the total figure, 90 percent are micro, small, and medium enterprises. QRIS makes payments easier, cheaper, and faster, so that all parties are
Alessandro Hatami, Managing Director, Pacemakers.io Imagine life without access to a bank account. If you’re able to earn a living without one -and it’s a big if – the only choice you have when buying goods and services is to pay cash in physical stores. As a result, you are limited to the stores you