Mastercard announced Thursday (June 9) that it will be working with U.S. International Development Finance Corporation (DFC) on a joint program to help deepen financial inclusion in Guatemala, Honduras and El Salvador. The DFC works to provide financing to small businesses and women entrepreneurs, according...
In the last couple of decades, consumers’ preferences for cross-border payments have been shifting, and more and more people are demanding convenience, speed, security, and above all, value for money, said Kaushik Sthankiya, chief commercial officer of subscription-based global payments provider Sokin. But compared to...
OPay and Mastercard are collaborating to drive financial inclusion across the Middle East and Africa by partnering to open up digital commerce in the region, according to a press release Wednesday (May 18). The mobile payments FinTech startup OPay was launched in Nigeria in 2018...
Mastercard is rolling out a financial inclusion program in Guatemala, El Salvador and Honduras that will “accelerate the company’s objective of including five million unbanked individuals and digitize and provide credit access to one million micro and small businesses (MSMBs)” in the next five years....
Accelerating financial inclusion and bringing un- and underbanked populations into the formal financial sector is increasingly on the agenda of several governments and policymakers in emerging markets. In Nigeria, where an estimated 38 million people, or 36% of adults, remain financially excluded, the government has...
Alif, a FinTech based in Tajikistan, is looking at getting more into the Pakistan FinTech space to help the unbanked, according to a report Sunday (April 24) from The News International that cited Mahmood Shamsher Ali, the country representative of Alif. Alif was started in...
Credit card startup Yonder is teaming up with open banking platform Yapily to provide consumers access to credit without needing a U.K. credit score. Working together, the companies are striving to level the playing field when it comes to access to credit by accessing a...
WSFS Bank, the primary subsidiary of WSFS Financial Corporation, launched the WSFS Down Payment Grant Program on Monday (April 18), which will offer grants of up to $10,000 to support eligible homebuyers, totaling $3 million in the next three years. According to a press release,...
Wells Fargo and Operation HOPE are partnering to foster financial inclusion and remove barriers to unbanked populations, half of which are Black, African American, Hispanic and Native American/Alaska Native households, according to a press release on Tuesday (April 12). “The Wells Fargo HOPE Inside centers...