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News

Fintech Adoption: Mobile, Digital, and Contactless Payments Increasingly Being Used in Indonesia Due to COVID-19

Certain segments of the fintech industry, including digital, mobile, and contactless payments,  have seen increased adoption in recent months, since the pandemic began.

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Mastercard, Tech Firms to Build NFC Network in Europe

Mastercard is partnering with NXP Semiconductors and consumer electronics company Xiaomi to develop a contactless payment feature for NXP's mobile wallet.

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Unistream Remittances in Armenia Can Be Received Online

If you want to make a transfer to Armenia, there is no need to leave the house — you can use Unibank Mobile application.

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IFC Signs Agreement With the Central Bank of Solomon Islands to Improve Credit Reporting

The agreement is part of a regional effort by IFC, working with banks, financial institutions, credit bureaus and central banks in Solomon Islands, Papua New Guinea and Vanuatu to guide them through the process of moving to comprehensive credit reporting.

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Pagaya Announces $102 Million Series D Funding Round

Mega funding round amid global economic crisis signals heightened demand for Pagaya’s data-driven investment strategies.

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Bank of Ghana Report Shows That Banks Withstand COVID-19 Shocks, SDIs Hit Hard

A new report by the Bank of Ghana (BoG) has indicated banks have been able to withstand the COVID-19 pandemic.

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How AMIR Has Fostered Consumer Protection Practices Amidst COVID-19

In effort to safeguard employees and clients, the Association of Microfinance Institutions in Rwanda (AMIR) instituted various measures to raise awareness about the virus and control its spread in the industry.

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India: Crisis to Boost Mobile Payments, Says Report

Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.

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Malaysia: Financing Micro-Enterprises During a Crisis

The P2P operator provides shariah-compliant and conventional financing from RM1,000 to RM50,000 ( about $233.69 to $1168.43) to microenterprises.

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Nampost Gets Concessional Loan of N$235 Million to Microfinance Pensioner Services

Public financial institution, the French Development Agency disbursed a concessional loan of N$235 million loan to finance the growth of NamPost’s microfinance business, specifically targeting NamPost’s microfinance activities aimed at pensioners.