All News and Announcements
Singapore: MAS to Host $1.25 Million COVID-19 and Green Finance Challenge
The global fintech challenge aims to offer solutions that can help financial institutions grapple with the existential threats posed by COVID-19 and climate change.
Grameen Foundation, J.P. Morgan Deliver COVID-19 Relief in the Philippines
Supported by J.P. Morgan, the program will provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.
Coronavirus Brings Asia's Booming Online Lending Sector to Juddering Halt
The UK-based company shuttered its India business on 13 April as 10 out of 14 lending partners withdrew their products within three days of the launch of a nationwide lockdown.
Overseas Filipino Workers in UAE Can Now Send Money Home for Free, Thanks to Gcash-Denarii Cash Tie-Up
Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.
Lift and Department of Social Welfare Announce $9 Million in COVID-19 Cash Support
Myanmar Ministry of Social Welfare, Relief and Resettlement, Department of Social Welfare and Livelihoods and Food Security Fund LIFT have announced funding of $9 million in COVID-19 cash support to mothers, pregnant women and social pension beneficiaries.
Cambodians Forced to Sell Assets to Repay Loans as Coronavirus Hammers Economy
Many Cambodians are being forced to sell their livestock and farms to pay off debts to banks and microfinance institutions, prompting calls for the government to prevent lenders from collecting during the outbreak.
Hong Kong’s HKT Financial Services, the Fintech Arm of HKT Group, Introduces Digital Financing Platform
Hong Kong-based HKT Financial Services, the Fintech division of the HKT Group, has launched another Fintech project, HKT Flexi, a digital or online financing platform that allows users to make payments via the HKT Flexi App.
Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking
While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.
For Many Cambodians, Debt Repayment Bigger Threat Than COVID-19
Deep household debt might soon push Cambodia into a crisis as job losses caused by Covid-19 make it even harder for families repay loans, experts and debtors say.
Yoma Strategic's Mobile Payments Joint Venture in Myanmar Ties up With Alipay Operator
The partnership will allow Wave Money to leverage Ant Group's experience in building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings.