Blockchain plays a pivotal role in the success of this microfinancing model, from transparency, security, and efficiency to serving as a strategic tool in capital markets and global financial inclusion.

Lack of a formal IDs slows economic growth by limiting who can participate in the formal economy.

Visa recently teamed up with Oxfam America to serve as a payments partner in the Philippines, Columbia, Puerto Rico and Kenya.

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.