Speakers at a high-level roundtable stressed on the urgency for an appropriate regulatory framework to incentivise providers and investments in financial literacy to create demand and minimise risks.
The Monetary Authority of Singapore (MAS) and the United Nations Capital Development Fund (UNCDF) have formed a strategic partnership under the ongoing UNCDF’s SHIFT (Shaping Inclusive Finance Transformations) programme to facilitate the development and access to digital financial services in the ASEAN region.
The third window of the Challenge Fund titled “Linking remittances as a catalyst for financial inclusion and women’s economic empowerment” will award matching grants to projects offering either an innovative business model or scaling-up of an existing business model for international remittance service delivery for women in Cambodia, Lao PDR, Myanmar and Viet Nam.
The Bangladesh Institute of Bank Management (BIBM) recently hosted its 5th annual event that discussed the importance of opening digital pathways and the roles that real economy actors can play in advancing formal financial inclusion and women economic empowerment. The conference has been held every year since 2012 in Dhaka, Bangladesh.
The grant agreement between the United Nations Capital Development Fund (UNCDF) and Digital Money Myanmar (Wave Money) was signed on 9th January 2017, in the presence of representatives from the United Nations Development Program (UNDP) and the Australian Department of Foreign Affairs and Trade (DFAT).
The grant agreement between the United Nations Capital Development Fund (UNCDF) and Amret Microfinance Cambodia was publicly signed on 14 October 2016, in the presence of a representative from the United Nations, the Australian Department of Foreign Affairs and Trade (DFAT) and Amret management staff.
Financial Service Providers (FSPs) capture large amounts of customer data through regular banking operations. However, it can be challenging for them to make optimal use of it for product development, banking operations and market expansion.