Visa, GSMA Foundation launch Digital Finance for All initiative

Visa and the GSMA Mobile for Development Foundation (GSMA Foundation) have launched the Digital Finance for All (DFA) Initiative, aiming to expand digital financial services to 20 million people. This includes women, smallholder farmers, and small business owners in various regions, including Africa, Asia, and Latin America, over the next five years.

The DFA Initiative will focus on several key areas to address these issues, according to Visa and the GSMA Foundation:

  • Providing financial education through a mobile financial literacy toolkit to facilitate access to mobile money services.
  • Conducting research in partnership with the Visa Economic Empowerment Institute and the GSMA Foundation to advocate for and innovate financial inclusion products.
  • Digitizing smallholder farmers and small businesses to encourage their use of digital financial services.
  • Promoting financial inclusion for refugees and their host communities.

The initiative comes in response to the growing use of digital payments, which has seen a significant rise among adults in low- and middle-income countries. However, disparities persist, with women in these areas less likely to own a financial account and smallholder farmers often excluded from formal financial services.

[Image courtesy: Visa]

Just in

Apple deletes WhatsApp, Threads from China app store on orders from Beijing — CNN

Apple has removed WhatsApp and Threads from its app store in China, following an order from the country’s internet watchdog, writes Juliana Liu.

Singtel, Vonage partner to integrate Paragon platform

Singtel has announced a partnership with Vonage, a cloud communications company and subsidiary of Ericsson, to help enterprises and telcos innovate and scale their services through Singtel's orchestration platform, Paragon. 

Tech giants urge EU to prioritize digital competitiveness and infrastructure investment

Five major technology companies - Ericsson, IBM, Intel, Nokia, and Vodafone - called on European policymakers to take urgent action to boost Europe's digital competitiveness and keep it a priority for the incoming European Commission.