All News and Announcements
Western Union Expands Presence in the Philippines With Tie Up
This tie up highlights Western Union’s efforts to strengthen presence in the Philippines, which has been recognized as the fourth-largest remittance recipient country in 2019 according to the World Bank.
Remittances Dropped by 80 Percent in Yemen
Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.
Philippines: ADB Grants MFI-NGO $30-M Credit Facility for Micro-Entrepreneurs
The first tranche of the credit facility amounting to $10 million will extend loans to over 25,000 women-entrepreneurs owning small businesses, which suffer from the economic impact of the (COVID-19) pandemic.
DBP Eyes More Tie-Ups With Financial Firms to Push for Financial Inclusion
STATE-run Development Bank of the Philippines will forge ahead with its financial inclusion initiatives this year by tapping financial technology companies, non-bank financial institutions, as well as rural banks.
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.
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.
Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus
The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.
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.
Coronavirus: How Cash-Mad Philippines Learned to Love Digital Money Thanks to COVID-19
Online payments have been slow to take off in the Philippines, where cash has long been king.
Hong Kong Alt-Lender Oriente Raises $50m as It Looks to Step up Efforts in a Highly Competitive Sector
Oriente will use the money to boost its growth in existing markets and further new developments in places like Vietnam.