At Mobile World Congress on Monday, payments company Visa and the GSMA Mobile for Development Foundation (a.k.a. the GSMA Foundation) launched the Digital Finance for All (DFA) Initiative to advance digital financial inclusion in developing markets.
Ericsson and Telenor Microfinance Bank (TMB) have signed a multi-year extension of their existing partnership to expand TMB’s mobile wallet easypaisa and establish TMB as a full-fledged digital bank in Pakistan.
The International Finance Corporation (IFC) signed a cooperation agreement with Vodacom to bolster its M-Pesa mobile money platform in Mozambique, a move to boost financial inclusion in the country.
India’s Unified Payment Interface (UPI) has made its official debut in Sri Lanka and Mauritius, with Nepal reportedly next on the list as India’s real-time payments system continues its international expansion.
Telekom Malaysia (TM) and Maybank Islamic announced on Thursday that they have partnered to create what they’re billing as Malaysia’s first Islamic banking-as-a-service (BaaS) solution powered by 5G.