All News and Announcements
IFC Finances Garanti BBVA to Support Turkish MSMEs Amid the COVID-19 Pandemic
IFC is providing a $50 million senior loan to Garanti BBVA to help micro, small, and medium enterprises weather the effects of the COVID-19 pandemic.
Mastercard, Tech Firms to Build NFC Network in Europe
Mastercard is partnering with NXP Semiconductors and consumer electronics company Xiaomi to develop a contactless payment feature for NXP's mobile wallet.
Unistream Remittances in Armenia Can Be Received Online
If you want to make a transfer to Armenia, there is no need to leave the house — you can use Unibank Mobile application.
New EFSE Loan to Agroprosperis Bank Supports Ukrainian Farmers With EUR 5 Million
EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.
More U.S. Banks, Credit Unions Given Remittance Fee Exemptions
More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.re
European Payment Giants Join to Form an Industry Alliance
The body will try to influence the EU laws for the payments industry.
Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19
Grameen America announced the launch of Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs.
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.
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.
Is the Coronavirus Killing Off Cash?
Tech firms see the opportunity they’ve been waiting for as shoppers and business recoil from paper money. Who’s hurt when legal tender goes away?