Tag: Financial Inclusion
-
Pakistan Moves to Cut Bank Reliance with Bold Capital Market Reforms
Pakistan Sets Course to Reduce Bank Financing Dependence The federal government, along with the newly installed leadership of the Securities and Exchange Commission of Pakistan (SECP), is pursuing a strategy to reform the capital markets. The goal is clear: lower transaction costs, widen investor participation, and diversify financing sources beyond banks. The agreement signals a…
-
SME Groups Welcome RM100 Million Financing Initiative for Malaysian Chinese MSMEs, Eye Room to Grow
SME groups laud RM100 million financing initiative for Malaysian Chinese MSMEs SMEs and business associations have welcomed the government’s new RM100 million financing initiative aimed at Malaysian Chinese micro, small and medium enterprises (MSMEs). While hailed as a breakthrough in widening access to capital, industry players say there is still room to grow the program…
-
Women Groups Embrace Financial Education During Financial Services Week in Tanga
Overview As Financial Services Week unfolds in Tanga, a surge of activity from women-led groups signals a new chapter in financial inclusion for the region. The event brings together diverse stakeholders from the financial sector offering education, resources, and connections that empower women to better manage money, invest wisely, and access credit for small ventures.…
-
Women Drive Learning and Growth During Financial Services Week in Tanga
Community momentum at Financial Services Week The Financial Services Week celebrations in Tanga have turned into a powerful platform for community education, especially for women’s groups such as Women and Samia. Across multiple events, participants are gaining practical insights into budgeting, saving, credit access, and investment opportunities. Stakeholders from the financial sector—ranging from banks to…
-
CBN Unveils Fresh Debit Card Rules to Modernize Nigerian ATM Operations
New Regulatory Framework Aims to Ease Debit Card Issuance and ATM Operations The Central Bank of Nigeria (CBN) has announced a forthcoming regulatory framework designed to streamline debit card issuance and improve the efficiency of Automated Teller Machines (ATMs) nationwide. The move comes as part of ongoing efforts to modernize Nigeria’s banking infrastructure, enhance financial…
-
CBN to Introduce Fresh Debit Card Rules to Ease Issuance and ATM Operations
Overview: A New Regulatory Framework for Debit Cards The Central Bank of Nigeria (CBN) has announced plans to roll out a fresh regulatory framework aimed at simplifying the process of issuing debit cards and easing Automated Teller Machine (ATM) operations across Nigeria’s banking sector. Spearheaded by the CBN Governor, Olayemi Cardoso, the initiative signals a…
-
CBN Unveils New Debit Card Rules to Simplify ATM Operations in Nigeria
New Debit Card Rules Set to Streamline Nigeria’s ATM Landscape The Central Bank of Nigeria (CBN) has announced a forthcoming regulatory framework designed to simplify debit card issuance and streamline Automated Teller Machine (ATM) operations across the Nigerian banking sector. The move aims to reduce friction for customers, improve security, and encourage wider adoption of…
-
CBN Urges Balance as Nigeria Digital Payments Surge
Introduction: A Surge in Digital Transactions Nigeria is witnessing a rapid shift toward digital payments, with transaction volumes rising dramatically over the past five years. The Central Bank of Nigeria (CBN) has noted a 276 per cent increase in digital payments, underscoring a broader trend of financial inclusion and modernization of the payments ecosystem. Yet,…
-
CBN Urges Balance as Digital Payments Surge in Nigeria
Growing Digital Payments in Nigeria In Nigeria, digital payments have surged, signaling a rapid shift toward electronic channels while cash remains a foundational element of the economy. The Central Bank of Nigeria (CBN) has repeatedly highlighted a 276 percent increase in transaction volume over the past five years, underscoring the momentum of fintech, mobile wallets,…
-
CBN Calls for Balance as Nigeria’s Digital Payments Surge
Nigeria’s Digital Payments Surge: A Substantial Shift Nigeria has seen a dramatic rise in digital payments, with transaction volumes increasing by about 276% over the last five years. While electronic channels are accelerating financial inclusion and efficiency, the Central Bank of Nigeria (CBN) emphasizes that cash remains a foundational part of the economy. The message…