Microfinance Industry Network (MFIN)’s Post

In a groundbreaking move set to redefine the banking landscape in #Pakistan, U Microfinance Bank Limited (U Bank) and Raqami Islamic Digital Bank (RIDBL) have announced a #strategic interoperable #partnership. This #collaboration aims to provide branch banking services to #RIDBL customers through U Bank's extensive network, marking a significant milestone in the country's #digitalbanking evolution. Under this innovative alliance, U Microfinance Bank Limited will extend its Shariah-compliant services, including its network of over 375 brick-and-mortar branches nationwide, to #RIDBL customers. This will facilitate seamless physical Cash In/Cash Out (CICO) transactions and other branch banking facilities for RIDBL's digital banking clientele. Read more: https://lnkd.in/drM5Gmps U Microfinance Bank Limited Raqami Islamic Digital Bank Nadeem Hussain Umair Aijaz, FCCA, ACA #UBank #Raqami #partnership #lamicBanking #DigitalBanking #RIDBL #Fintech #FintechnewsPakistan

Jahanzeb Khan, President & CEO of Telenor Microfinance Bank Limited shares his thoughts regarding digital transformation from a financial sector perspective as well as how to encourage people to start using digital financial services. #FinancialInclusion #MicrofinanceGrowth #EmpowermentThroughFinance #JobCreation #ForeignInvestment #ADB #AMC8 #telenormicrofinance #digitaltransformation

Is stability important or growth? and if growth is important then why don't we get it so fast in the same organisation? #hdfcbank #icicibank #kotakbank #axisbank #dcbbank #rblbank #idbibank #indusindbank #idfcbank #bandhanbank

Commercial banks are hesitant or unable to provide financial services to less lucrative rural markets. Villages are too small to justify setting up branches, and State Bank of Pakistan (SBP) regulations prohibit banks from doing business outside a 50km radius of a branch (via mobile van banking). Some banks (e.g. Habib Bank, MCB) use vehicles to offer mobile banking services, but their products remain ill-suited to smallholder clientele due to high minimum loan values and stringent collateral requirements. Microfinance services providers target rural farmers, but their coverage remains low, due to high transaction costs and limited human resources. Digital financial services have overcome this challenge and provide innovative financial services for everyone. financial inclusion is the backbone of the country's economy. #financialinclusion #pakfindigest #Statebank #worldbank #HBL #Askaribank #Meezanbank #Sadapay #microfinance #MCB #financialliteracy

"Siddhasiri Bank: A triumph of dedication and growth! With 994+ dedicated professionals, 159 branches statewide, and ₹3216.40 Crores in deposits, we continue to set new standards of success.  #SiddhasiriSuccess #BankingExcellence #FinancialInclusion"

In a groundbreaking move set to redefine the banking landscape in #Pakistan, U Microfinance Bank Limited (U Bank) and Raqami Islamic Digital Bank have announced a #strategic interoperable #partnership. This #collaboration aims to provide branch banking services to #RIDBL customers through U Bank's extensive network, marking a significant milestone in the country's #digitalbanking evolution. Under this innovative alliance, U Microfinance Bank Limited will extend its Shariah-compliant services, including its network of over 375 brick-and-mortar branches nationwide, to #RIDBL customers. This will facilitate seamless physical Cash In/Cash Out (CICO) transactions and other branch banking facilities for RIDBL's digital banking clientele. Read more: https://lnkd.in/drM5Gmps U Microfinance Bank Limited Raqami Islamic Digital Bank #UBank #Raqami #partnership #lamicBanking #DigitalBanking #RIDBL #Fintech #FintechnewsPakistan

Dashen Bank Achieves a Record 6.4 Billion Birr Profit Amid Strides in Digitization. Dashen Bank, Ethiopia's pioneering private bank, reported a record net profit of 6.4 billion Birr for the fiscal year, a 26.8% increase. Deposits grew by 26.9% to 145.9 billion birr, and total assets rose by 27% to 183.7 billion birr. CEO Asfaw Alemu highlighted the bank's success despite multifaceted challenges. The Islamic Banking division saw a 37.2% increase in deposits, reaching 11.1 billion birr. The bank's partnership with ethio telecom provided 1,306,158 customers with 8.6 billion birr in micro-credit and collected 474 million birr in micro-savings. Dashen also secured $80 million from international investors to support SMEs and implemented new digital services, including contactless payment features in its various platforms. #artstv #african #dashenbank #ethiotelecom

#MCOpinionPro | Bureau data show that NBFCs have been growing microfinance loans sharply despite rising delinquencies. Aparna Iyer brings you the numbers behind the Reserve Bank of India (RBI) warnings on NBFC microfinance 📃🔍 Subscribe to #MCPro & get more details👇 https://lnkd.in/gkYVtBpR #BureauData #NBFCs #Microfinance

Secure your child’s future with the Msingi Imara Account from SMEP Bank! Start saving today with an account designed for children under 18 years. Teach them the value of saving and watch their dreams grow. #SMEPBank #MsingiImara #FutureSavings #SecureFuture #FinancialGrowth

News Awash Bank, whose total assets have reached more than 300 billion birr in the last fiscal year, has announced that its paid-up capital has exceeded 20.3 billion birr. Awash, which is one of the first private banks to join the banking industry, said that in the 2023/24 financial year, the bank's total income has reached 36.4 billion and it has managed to make a profit of 11.6 billion before reserves. In the statement given by the bank regarding the completed fiscal year, it stated that the loans given to small and micro enterprises reached 45.5 billion and deposits including LC margin reached 232 billion.#NBE #Awash#Banking #Ethiopia #Investment #National #Banking #Capital #Market