Latest news and articles about financial inclusion from NEX English
The Nasser Social Bank has introduced a new service allowing pension clients to withdraw their pensions early, aiming to enhance financial inclusion and meet the needs of this demographic. This service provides cash liquidity in a simple and quick manner without complex procedures.
Intuit Credit Karma has launched its platform for Americans lacking a credit history, providing them with the opportunity to start building their credit. This initiative aims to assist individuals struggling to secure loans or credit cards due to the absence of a credit record.
PT Bank Rakyat Indonesia (Persero) Tbk announced that the number of BRILink agents has exceeded <strong>1.18 million</strong> across <strong>66,450 villages</strong>, showcasing significant expansion in the country's financial services network.
PT Asuransi Kredit Indonesia (Askrindo) announced that it will reach a total of <strong>810.3 trillion rupiah</strong> in Credit Insurance by March 2026, reflecting its commitment to support the financial sector and small and medium enterprises. The program benefits over <strong>36.8 million borrowers</strong>.
Cairo Bank has announced the launch of new savings certificates offering a yield of up to <strong>17.25%</strong> and a deposit with a yield of <strong>22%</strong>. This initiative aims to enhance financial inclusion and provide free accounts for customers.
Fawry has announced a new service allowing Egypt Bank customers to make instant loan payments. This initiative aims to facilitate financial transactions and enhance financial inclusion in the country.
The Central Bank of Egypt participated in Arab Financial Inclusion Day, celebrated annually on April 27, to promote financial inclusion and economic empowerment. This initiative aims to enhance financial awareness among citizens.
Qatar National Bank – Egypt has opened its second branch in the New Administrative Capital's business district, expanding its network to 239 branches. This opening aligns with its strategy to meet customer needs and promote financial inclusion.
Today, the Egyptian Stock Exchange witnessed the signing of a memorandum of understanding aimed at integrating a 'financial literacy' curriculum in high schools, in collaboration with Japanese partners. This initiative seeks to enhance financial awareness among students and support financial inclusion.
Ibaj Company has announced the launch of its new identity 'Rimmit', aimed at enhancing non-banking financial transfer services in the Egyptian market. This announcement coincides with three decades of leadership in the sector, reflecting a commitment to facilitating money transfers among individuals and families worldwide.
Bukra Holding, a digital platform compliant with Islamic law, aims to reshape the savings landscape in Egypt by converting informal liquidity into organized investment tools. This initiative comes at a time of increasing demand for financial inclusion and improved asset management efficiency.
Mohamed El-Etrebi, head of the Arab Banking Federation, announced that Egypt has achieved significant milestones in financial inclusion, reaching a rate of 76.6%. Mobile wallet transactions are expected to reach 4 trillion pounds by 2025.
The Central Bank of Egypt announced its new financial inclusion strategy for 2026-2030, set to be launched mid-year. The strategy aims to enhance financial inclusion and support small and medium-sized enterprises.
BukuWarung, a financial solutions platform, has successfully reached over <strong>250,000</strong> small and medium enterprises in Indonesia, enhancing financial inclusion efforts in remote areas. This achievement comes as the country aims to bolster financial access, particularly in underserved regions.
The Indonesian Credit Bureau (CBI) has announced the strengthening of its strategic partnership with Indosat Ooredoo Hutchison (IOH) to develop a more comprehensive credit risk assessment system. This collaboration aims to improve access to financial services for individuals lacking sufficient credit history.
A recent study reveals that access to financing boosts the income of small and medium enterprises (SMEs) in Indonesia by up to <strong>63%</strong>. This increase presents a significant opportunity to improve the economic situation for over <strong>2.3 million</strong> projects in the country.
Dr. Islam Azam, head of the Financial Regulatory Authority, announced a significant increase in women's representation in company boards to <strong>25%</strong>. This initiative is part of broader training programs and supportive policies aimed at empowering women.
Bank Indonesia, in collaboration with the Jakarta government, has launched a program aimed at enhancing the digital economy in 20 traditional markets. The initiative focuses on promoting digital payments and improving access to financial services.
Digital payments in Jordan have seen a remarkable increase, reaching a value of <strong>7.5 billion dinars</strong> in just two months. This figure reflects a significant shift towards the use of financial technology in the kingdom.
New Commerce Bank (BNC) in Indonesia reported a net profit of <strong>565.69 billion rupiah</strong> at the end of 2025, marking a significant increase from the previous year. The bank is focusing on accelerating loan disbursement as part of its sustainable growth strategy.
KalSel Bank has announced the operation of <strong>968 agencies</strong> to improve access to financial services across <strong>South Kalimantan</strong>. This initiative is part of the bank's strategy to support financial inclusion and enhance banking services in remote areas.
Frederika Widiarsari, head of Indonesia's Financial Services Authority, emphasized the need for continuous enhancement of the Islamic economy beyond Ramadan. This statement was made during the closing of the 'Gebyar Ramadan Keuangan Syariah 2026' event in Jakarta.
The UAE Central Bank celebrated its 40th anniversary, symbolizing success and economic stability in the nation. It has played a pivotal role in enhancing economic growth and achieving financial stability.
Starting today, Egyptian banks are offering a special promotion allowing citizens to open new accounts and benefit from completely free banking services for 30 days. This initiative aims to encourage individuals to engage with the banking system and promote a culture of saving.
Authorities have announced the inclusion of non-banking financial information in credit reports, enhancing financial transparency. This change aims to improve creditworthiness assessments for individuals and businesses.
Jordan has recently witnessed a significant increase in the use of bank cards, indicating a shift in financial transaction patterns. Reports suggest this trend reflects growing confidence in the local banking system.
In Bakoheni, Na'am Muslim successfully transformed his BRILink agency into a vital financial service center, facilitating community access to banking services without the need for long-distance travel. This success highlights the importance of small projects in supporting the local economy.
React Indonesia Bank has announced a cash withdrawal service for GoPay users, allowing access to funds securely through over 19,000 ATMs across the country. This initiative aims to enhance financial inclusion and facilitate cash access in various regions.