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Development Bank of Nigeria Joins 140 Other Financial Institutions to Promote SME Finance

Washington, D.C. October 16, 2018The Development Bank of Nigeria (DBN) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.  

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Member News: DBS Promotes Customer-Use of PayFast, Instant Transaction System
SME Finance Forum member DBS, is encouraging customers to use a newly launched mobile banking platform, PayFast, which is supported by Faster Payments System (FPS). The system allows customers to take on transactions instantly and around the clock. Customers are able to utilize phone numbers and email addresses to move funds without transaction...
Member News: Fidor Works with Afin to Launch an API Exchange
The Asean Financial Innovation Network (Afin) has launched API Exchange, a cross-border marketplace and sandbox for financial institutions and fintech firms to work together on financial inclusion projects. The organisation has put together a consortium led by IT firm Virtusa, and which includes German digital bank Fidor, which is a SME Finance...
First Look at the Global SME Finance Forum 2018 Marketplace
The Global SME Finance Forum 2018 will explore how innovation in technology, regulation and partnerships can help overcome various informality problems, and open up a far larger market for profitable, sustainable, responsible financial services. The Marketplace, an exclusive opportunity for B2B introductory meetings, had over 100 participants at...
Member News: Standard Chartered Bank Presents New Card-Less Transaction System
SME Finance Forum member Standard Chartered Bank is providing customers with a card-less withdrawal function at ATMs. According to the article, the bank spent over Sh200 million to upgrade its entire ATM network converting the machines to advanced Cash Deposit Machines (CDMs). According to David Idoru, Head of Retail Banking, a customer will be...
Leading Bank in Lebanon Receives $100 Million from the European Bank for Reconstruction and Development to Support SMEs
Société Générale de Banque au Liban (SGBL) will receive $100 million from the European Bank for Reconstruction and Development (EBRD) to help export and import activity and on-lending for SMEs. According to the article, a $50-million credit line will support medium-term funding for SMEs and provide regional outreach. In addition, the funds will...
Member News: CEO of Standard Chartered Bank Shares His Plans for the Region and Strategic Partnerships Opportunities
In an interview with Bloomberg BusinessWeek, regional CEO of Africa and the Middle East for Standard Chartered Bank, Sunil Kaushal shared his plans and partnerships with India and UAE. Kaushal shared,“Mmy vision is to build up a business which delivers a solid result and generates the right returns for all our stakeholders – but on a sustainable...
India Moves Toward Universal Financial Inclusion
According to the Global Findex, India has improved financial inclusion; it’s reported that 80 percent of adults in 2017, have bank accounts and women owning accounts have increased by 30 percent. The Findex and the 2018 Financial Inclusion Insights (FII), show the Jan Dhan Yojana scheme (PMJDY) has contributed to helping the unbanked reach account...
Mastercard, South Indian Bank Partner on Card Accepting Kit
SME Finance Forum member Mastercard and South India Bank will together launch ‘Merchant in a Box’ an integrated card accepting kit for merchants and SMEs. The kit includes a branded business debit card and the Bharat QR service, along with instant access to bank accounts and the acceptance of digital payments, according to the article. Rajeev...
Spartan Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., September 4, 2018 – Spartan became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
CFPA MF Joins 140 Other Financial Institutions to Promote SME Finance
Washington, D.C., August 28, 2018 – CFPA Microfinance (CFPA MF) became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide...