The free course delivers practical financial education via text messages, enabling customers to access learning without the need for a smartphone, internet connection or additional cost.

The program, implemented across major cities in Nigeria, has successfully onboarded 2,050 women into formal financial systems, marking a significant step toward economic inclusion.

The transaction marks a significant milestone for both the company and Egypt’s fintech and non-bank financial services sector. A second closing is expected to follow as part of the ongoing investment round.

Through this collaboration, Libyan Islamic Bank will leverage AFS’s advanced Visa card issuance and processing capabilities to deliver faster, more seamless onboarding and improved customer experiences.

With this development, Burundi becomes the 22nd country in Africa to implement an instant payment system, reflecting a growing continental shift toward faster and more inclusive digital payment infrastructure.

The partnership is built around three core pillars: technical capacity building, the promotion of financial inclusion and financial literacy, and the development of secure and resilient payment systems.

The investment will support the firm’s mission of improving financial inclusion by providing working capital loans alongside business training for micro and small enterprises that are often underserved by traditional banking systems.

The initiative targets individuals and small businesses that often face challenges accessing traditional banking credit.

Through the launch of the WPS Savings Account, Bank Nizwa reaffirms its commitment to providing responsible Islamic financial solutions that promote workforce stability, regulatory compliance, and inclusive economic growth across the Sultanate.

The official inauguration of the new service points reflects the bank’s ongoing organic expansion strategy aimed at strengthening financial inclusion, enhancing service accessibility, and supporting the economic and social development of communities across Oman.