Exchange Data International

The World Bank has approved a $500 million financing package for Nigerian MSMEs under the Fostering Inclusive Finance for MSMEs in Nigeria project, better known as FINCLUDE.

Direct debit setup and authorization can be confusing for both lenders and borrowers, especially when it involves mandates, bank approvals, repayment schedules, failed debits, and consent requirements. This article answers some of the most common questions about direct debit systems, explaining how authorization works, how mandates are created and managed, what causes debit failures, and the best practices lenders should follow to ensure compliant and reliable repayment collections.

Earlier in the year, Lendsqr implemented a strategic cloud services consolidation and migration that saved about 90% infrastructure cost on an annualized basis. It’s story when told sometimes sounds like magic and modern era impossibility. But it’s true as daylight. It started with a talk DHH gave that a lot of engineers passed around 2023. […]