All News and Announcements
World Bank Warns of Sharp Fall in Remittances
The World Bank projected global remittances to plunge almost 20 percent in 2020 due to issues related to the COVID-19.
Fintech And Coronavirus: US Stimulus Payments Boosted Mobile Banking Registrations 200 Percent
Consumer use of mobile finance, banking and insurance apps jumped 71 percent in 2019. In 2020, however, they’ve gone from nice-to-have to essential.
At Mercy of Banks, India's Cash-Tight Shadow Lenders Face New Turmoil
All major state-owned and private banks have stopped lending to non-banking financial companies (NBFCs) due to concerns about their financial health.
Citi’s COVID-19 Community Relief Efforts Reach Over $65 Million Globally
These efforts are helping to deliver immediate relief to frontline workers and populations within communities most impacted, as well as supporting longer-term investments in programs focused on economic recovery and financial stability.
Contactless Payments Skyrocket Amid Coronavirus Worries Over Handling Cash
Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay.
Facebook, Three Fintech Firms in Talks to Launch Mobile Payments Service in Indonesia
If approved by country’s financial regulator, it would be among the first such service under the social media giant’s Facebook Pay application.
Kenya: Banks, Mobile Money Agents Are Counting Losses
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
Argentina’s Central Bank Trials Blockchain for New Interbank Settlement Layer
The Central Bank of Argentina (BCRA) is testing a new blockchain-powered clearing system that could be used by some of the country's largest financial institutions.
Bitcoin ATMs Expand Despite Shelter-in-Place Rules
Tucked into corners of grocery stores, gas stations and transit hubs, crypto ATMs are still allowed to operate amid the coronavirus contagion event. And some are thriving.
COVID-19 Puts Focus on Social Responsibility in Asia Pacific
The coronavirus pandemic has magnified and exposed social imbalances in the region – underscoring the importance of financial inclusion as well as environmental, social and corporate governance.