Tag: financial inclusion
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Treasury Department to develop financial inclusion strategy
Treasury Department to Develop Financial Inclusion Strategy The Treasury Department announced today that it will be developing a new financial inclusion strategy aimed at expanding access to and usage of financial services for underserved communities. This initiative comes at a time when many Americans are facing economic hardships due to the ongoing COVID-19 pandemic, highlighting…
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Philippines announces non-blockchain CBDC plans
The Central Bank of the Philippines has made an exciting announcement regarding the introduction of a Central Bank Digital Currency (CBDC). However, what sets their plans apart from other countries’ initiatives is that the Philippine CBDC will not be powered by blockchain technology. CBDCs are digital forms of a country’s official currency that are issued…
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Tonik enters SME lending
Tonik, the first fully digital bank in the Philippines, has announced its entry into the SME lending market, aiming to revolutionize the way small and medium enterprises access financing. With its innovative digital banking solutions, Tonik aims to provide convenient and affordable lending options to SMEs, which often struggle to secure traditional bank loans due…
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First Atlantic Commerce, Mastercard partner for financial inclusion
First Atlantic Commerce (FAC) and Mastercard have joined forces to promote financial inclusion and enhance online payment processing in underserved regions. The aim of this partnership is to combine the expertise, resources, and networks of both companies to reduce barriers to financial services in emerging markets. By leveraging FAC’s innovative payment solutions and Mastercard’s global…
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ANEXT Bank launches API repository to boost financial inclusion for SMEs
ANEXT Bank, a leading financial institution dedicated to serving small and medium-sized enterprises (SMEs), has unveiled a new initiative aimed at promoting financial inclusion for these businesses. The bank has launched an API repository, providing a range of tools and resources that will empower SMEs to thrive in today’s digital economy. In recent years, SMEs…
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Visa, GCash to drive financial inclusion in the Philippines
In a strategic partnership aimed at advancing financial inclusion in the Philippines, Visa and GCash have joined forces to provide innovative digital payment solutions. This collaboration aims to bring greater accessibility and convenience to millions of Filipinos, empowering them with the ability to participate in the digital economy. The Philippines is a diverse nation with…