All News and Announcements

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News

Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers

Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.

News

Mastercard Builds on COVID-19 Response with Commitment to Connect 1 Billion People to the Digital Economy by 2025

Mastercard this week expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.

News

Singapore Fintech Association and Razer Fintech Partnered to Support Singapore's Fintech Industry Amid the Pandemic

The partnership aims to address key issues facing the industry, including business continuity, lack of funding, and brand awareness.

News

FINCA Impact Finance Secures $15 Million Revolving Loan Facility From Calvert Impact Capital

Additional liquidity bolsters financial network’s ability to deliver financial services to low-income entrepreneurs.

News

Fintechs Help Credit Unions With PPP Loans & Mobile Payments

To help financial institutions during this coronavirus crisis, fintechs stepped up to help with contactless person-to-person mobile payments.

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New Data: How COVID-19 Is Driving CUs’ Digital Leap

COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home.

News

China Takes Steps to Become First Cashless Society After COVID-19

As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.

News

Bangko Sentral ng Pilipinas Encourages Shift to E-payments Amid Quarantine

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.

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Bangladesh: Expatriates Opt for bKash to Send Remittance Safely Amid COVID-19 Crisis

In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.