All News and Announcements
COVID-19's Impact on Latin American Online Payment Methods 2020 - Digital Payments Boosted During the Pandemic
Since the outbreak of the COVID-19 pandemic, online purchase transactions have been on the rise in countries including Brazil and Mexico.
Mastercard Enables Faster Remittances During Pandemic
With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.
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.
Sri Lanka: IFC Supports Commercial Bank of Ceylon to Expand Access to Finance for Women and Women-Owned Small Businesses
IFC will support developing more specially-designed products and services for women, as part of a move to help boost access to finance for women.
Zambian Fintech Startup, Lupiya Receives $1 Million Investment From Engyma Ventures
Microfinance startup Lupiya has received an investment of $1 million from a US Venture Capital fund Enygma Ventures.
Vancity Loans $740k to Brighter Investment for Education Microfinance in Africa
Brighter Investment Investor Relations Manager Belinda Kuglenu argues that although school closures, rising unemployment rates and falling wages may result in delayed distributions to investors, the outlook for "long-term returns remain strong."
Pandemic Lending Pushes Community Banks Toward Fintech Fixes
A federal stimulus program to combat the recent economic downturn is pushing more community banks to embrace financial technology partnerships.
Savings Groups Cushioning Impact of COVID-19 Pandemic in Zambia
As the world continues to face economic turmoil resulting from the COVID-19, communities in Zambia are turning to informal savings groups to cushion the impact of the pandemic.
The Impact of Coronavirus on Foreign Workers
A Q&A with World Bank economist Dilip Ratha on the job losses and travel restrictions affecting migrants around the world.
Africa Leaders Urge Closer Ties Amid Post-COVID "Better Normal"
Central banks in Africa are responding to COVID-19 by investing in practical solutions that bring disadvantaged groups into formal financial services, accelerating their ability to recover and build resilience against future crises.