El Salvador’s fintech, DiiMO, is promoting financial inclusion in Central America with a successful Pre-Series A financing round.

Catalyst will provide each firm with an investment as large as GBP 80,000 ($105,000) and arrange non-financial support from the staff of BFA and various partner investment and consulting firms.

The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.

EasyCash has become the first mobile payment application for Wallet Factory that was made to align with the Egyptian interoperability market standards for QR code-based digital payments and acceptance.

Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.

Galileo, like many financial businesses from abroad, sees potential in this country’s market.

The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country's largest financial institutions.