All News and Announcements
Digital Financial Services Must Expand to Address Pandemic Fallout
Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.
FINCA Malawi Receives Initial Disbursement of a $1.5 Million Loan Facility From the Belgian Investment Company for Developing Countries
Through a network of 23 branches and 63 active agents across the country, FINCA Malawi serves more than 70,000 clients offering individual and group loans, savings and insurance products specifically designed for low-income entrepreneurs.
Asia-Pacific May See $31.4-54.3 BN Remittance Losses Due to COVID-19: ADB
Asia Pacific, which accounts for a third of the global migrant workforce, is likely to face remittance losses of $31.4-54.3 billion due to the coronavirus pandemic, the Asian Development Bank (ADB) said in a report.
India Making Rapid Strides in Bridging Digital Payments Divide: Mastercard
In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.
Overseas Filipino Worker Remittances May Drop by $5 Billion This Year
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances coursed through banks declined by 6.4 percent to $11.55 billion from January to May compared to $12.35 billion in the same period last year.
The Number One Thing Every Small Business Can Do To Thrive Now
VISA surveyed 4,500 consumers and 2,000 small businesses in eight countries—the U.S., Canada, Brazil, Germany, Ireland, Hong Kong, Singapore and the U.A.E.—from 18 - 29 June 2020.
Nearly 5,000 Nepali Workers Apply to Return Home on Government Support
Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.
SANAD and Vitas Eexpand Access to Finance for MSEs and Low-Income Households in the West Bank and Gaza
This was a top-up loan of $4 million to support microfinance sector during challenging environment brought about by COVID-19 crisis.
IFC Loans to Vietnam Prosperity Bank and Oriental Bank to Boost Finance for Local Businesses Amid COVID-19, Support Economic Recovery
The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.
EFSE Loans Additional EUR 2 Million to BT Leasing to Expand Access to Financing for Moldovan Entrepreneurs
The investment particularly aims to bolster the ability of micro and small enterprises to continue operations in an environment made difficult by the COVID-19 crisis.