The collaboration will see Development Finance Corporation support potential investments of up to $50 million in organizations within the Mastercard Community Pass network.

The investment will allow Banistmo to address two development challenges simultaneously by reducing the financing gap for SMEs and addressing the country's housing deficit.

Per the statement, the pledge will further scale Visa’s operations in Africa and deepen collaboration with strategic partners, including governments, financial institutions, mobile network operators, fintechs and merchants.

The award honors U Bank’s recent introduction of Shari’ah-compliant financial solutions in Pakistan and comes soon after U Bank’s full-scale commercial launch of Islamic Banking services nationwide.

The bKash feature will open up new avenues for people who are lagging behind in terms of financial inclusion and expedite digital transformation.

The escrow accounts solution is open to Clear Junction clients and is designed for use by crypto exchanges who want to provide their clients with an additional layer of security.

A recent joint study from the Cambridge Centre for Alternative Finance at the University of Cambridge and World Bank found that the financial regulators are prioritizing fintech business models to contribute to financial inclusion and boost local economies.

The proceeds from the bond will be dedicated exclusively to providing loans to female entrepreneurs in India.

The strategic bank x FinTech partnership aims to help merchants manage omnichannel payments and also seamlessly access financial services on an agile-tech platform.

The addition of Owoafara illustrates ShEquity’s unrelenting commitment to providing smart investments for African female entrepreneurs and innovators.