All News and Announcements

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News

Yabx and Fintech Galaxy Partner to Boost Financial Inclusion in the MENA Region

The collaboration targets initial improvements in UAE, Saudi Arabia, Jordan, and Bahrain with future expansion plans for North Africa. 

News

India: RBI Cautions Micro Lenders, NBFCs Against High, ’Usurious’ Interest Rates

The Reserve Bank of India (RBI) on Friday said it has come across instances of micro lenders and non-bank financiers charging high, 'usurious' interest rates on small-value loans, reminding them to judiciously use their pricing power. 

News

Argentine Banks File Complaint Against Mercado Libre Over its Fintech Business

This marks a significant escalation in a longstanding dispute between the financial sector and the Buenos Aires-based fintech giant.

News

Mastercard Center for Inclusive Growth and data.org Launch Artificial Intelligence to Accelerate Inclusion Challenge

The AI2AI Challenge will focus on inclusive growth, ensuring that the benefits of this rapidly advancing data technology extend to all segments of society. 

News

The Rand Goes Digital: South Africa's Push for a Cashless Future

The South African Reserve Bank (SARB) has unveiled an ambitious roadmap that seeks to usher in a cashless era, prioritizing financial inclusion and economic growth.

News

Apply for AFI Engage Leadership and Mentorship Program by 10 Jun

This one-year program provides personal and professional growth opportunities and enables you to make an impact in the global financial landscape. 

News

Uganda: Online Lenders Harassing Borrowers Risk Closure

Licensed digital/online money lenders, who are diverting from the newly issued digital lending guidelines issued in March by the Uganda Microfinance Regulatory Authority (Umra), risk having their licenses revoked, the sector regulator has warned.

News

IFC and National Bank of Samoa Partner to Expand Financial Inclusion

The National Bank of Samoa (nbs) is developing a suite of new banking products that would benefit women entrepreneurs and improve remittances in Samoa with the support of IFC and the New Zealand Government.

News

Grameen America Plans to Invest $40 Billion for Underserved Women of USA in Next Ten Years

To expand access to affordable capital for women entrepreneurs, Wells Fargo made a $3.25 million grant over three years to help Grameen America expand its operations to Phoenix, Arizona and advance the organization’s technology and digital platforms.