All News and Announcements
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
BRIBrain Uses AI to Speed Up Loan Approvals, Helps More MSMEs Survive Pandemic
Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.
Central Bank of Myanmar Issues Remittance Licenses to More Local Companies
City Express Myanmar and Money King were granted remittance licenses on 5 January.
Amid Pandemic, Household Savings Rise Slightly
Filipino households in the lower-income group, especially those in the rural areas of the country, are still struggling to save.
$500 Million ADB Loan to Expand Financial Inclusion in Indonesia
Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.
Philippines Global Financial Inclusion Ranking Slips Further
The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.
Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions
The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.
Cambodia's Finance Sector Lends Hand to Nation's Needy
Since the beginning of 2020, Cambodia's BFIs have raised more than $500,000 in donations for health, sanitary and food supplies to support vulnerable communities.
Remittances to Fall for First Time in 11 Years
However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world.
Singapore’s Buy Now Pay Later Firm Hoolah to Expand Operations Into Asian Markets
hoolah, a two-year-old Fintech startup offering Buy Now, Pay Later (BNPL) payment solutions, confirmed that it is moving forward with its plans to expand into Asian markets.