All News and Announcements
Philippines: QR Code Transactions Near P1 Billion
The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.
Philippines: Microfinance, Micro-entrepreneurs to Gain From National ID System
The system's online authentication and e-KYC will enable a more seamless digital onboarding, making it easier for clients to open an account.
Thai Household Debt Skyrockets from Credit Cards, Loans and Car Loans
The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.
Vietnam: Virtual Events Scheduled to Mark Cashless Day
Data from the State Bank of Vietnam shows that the number of non-cash transactions has been on a rise in Vietnam during the pandemic.
COVID-19 Loans for MSMEs Reach PHP 4.3 Billion
The loans approved under the COVID-19 Assistance to Restart Enterprises program is said to have benefited 29,816 enterprises in the Philippines.
Fintech Lender Amartha Bags $28M From Women's World Banking to Fund Indonesia's Microentrepreneurs
WWB Capital Partners II is the second gender-lens investment fund established by Women’s World Banking aiming to close the gender gap by investing in high-performing financial service providers that serve low-income women.
Digital Payments the ‘New Normal’ During Lockdowns
Last week, the Microfinance Association of Cambodia and the National Bank of Cambodia discouraged the use of physical currency to help curb the spread of the pandemic.
Grassroot Strategy to Realize Financial Inclusion in Indonesia
Indonesian technology company Grab, one of the biggest names looking to make a mark in the segment, is engaged in expanding financial inclusion by adopting a grassroots strategy.
Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic
The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.