All News and Announcements

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News

IFC Supports Afghan Women’s Access to Financial and Non-Financial Services

More than an estimated 5,000 women are expected to directly benefit from a new initiative led by Ghazanfar Bank, one of Afghanistan’s leading commercial banks.

News

Digital Financial Services Must Expand to Address Pandemic Fallout

Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.

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India Making Rapid Strides in Bridging Digital Payments Divide: Mastercard

In the current environment there has been significant growth in adoption of contactless payments, both globally and in India.

News

Nearly 5,000 Nepali Workers Apply to Return Home on Government Support

Nepali missions abroad are verifying applicants’ status before recommending their names to the government to provide them airfare from Migrant Workers Welfare Fund.

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Bangladesh: Remittance Hits Record High in July

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

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The Islamic Corporation for the Development of the Private Sector (ICD) is Committed to Strengthened the Islamic Finance During the COVID 19

Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.

News

IFC Finances the City Bank to Help Bangladeshi Companies and Small and Medium Enterprises Impacted by COVID-19

The financing package is part of IFC’s $8 billion global COVID-19 fast-track financing facility, which aims to help companies stay in business.

News

United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.

News

State Bank of Pakistan Extends COVID-19 Mitigation Measures Till December

The State Bank of Pakistan has extended a number of measures taken to mitigate the impact of COVID-19 from their original deadline of 30 June / 30 September, to 31 December.

News

Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?

The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.