#financial inclusion

Jubilee Group is collaborating with BimaLab, an insurtech accelerator from FSD Africa, to create and test new insurance products specifically designed for low-income consumers and small and medium-sized enterprises (SMEs). This initiative aims to address one of the largest untapped segments in East Africa's financial sector, highlighting a trend of cooperation between established insurance companies and startup ecosystems.

OPay is playing a significant role in Nigeria's digital payment revolution by enhancing financial inclusion, facilitating commerce, and contributing to the development of the country's digital economy, according to Legit.ng.

eTranzact International Plc has enhanced financial inclusion in Ogun State by onboarding over 1,000 agents and deploying thousands of PocketMoni terminals, according to ThisDay Live.

Jaiz Bank is planning to introduce collateral-free loans for small and medium-sized enterprises (SMEs) and retail customers, pending approval from the Central Bank of Nigeria (CBN). This initiative is aimed at enhancing financial inclusion.

A recent industry report highlights that South Africa's shift towards a cashless economy has overlooked millions of individuals, particularly in informal markets. The report suggests that the sector has confused technological innovation with financial inclusion, resulting in a significant portion of the population being left behind in the transition to digital payment systems.

OPay has launched a new office in Kaduna, Nigeria, which is part of its strategy to enhance financial inclusion and improve customer service in the region. This expansion reflects OPay's ongoing commitment to providing accessible financial solutions to a broader audience.