HFC Bank was among ten of the winning business models for the the Women Fintech Innovation Fund Award from the Asia and Pacific Region.
The program is aimed to improve access to finance for women-owned, managed or led Micro, Small and Medium Enterprises in the region.
HFC Bank General Manger Retail Banking-Tony Ram says they are very proud to have their E-Wallet model concept be among the winning ones from the Region.
The Program was Launched by the United Nations Economic and Social Commission for Asia and the Pacific and the United Nations Capital Development Fund in March this year aims at to improve access to finance for women-owned MSME’s in the Region. The E-wallet service will enable them to conduct business and build savings using the same account.
Ram says the E-Wallet service will enable them to conduct business and build savings using the same account.The idea behind this new concept is to offer a savings product that can also be used to provide microfinance credit through a digital platform.
HFC Bank with its business partners Vodafone Fiji Limited will be utilizing the MPaisa platform for the delivery of this service.
