At a time when the world economy was hard hit by the ongoing pandemic, improvement in Nepal’s remittances inflow has made it easier for the government to operate.

Remittances are an important source of income for low/middle-income countries. But nations that rely more on these inflows have been hit harder.

Under the agreement, IFC will help AIA Sri Lanka develop a women's insurance program strategy and suitable products for Sri Lankan women.

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.

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.

The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses. 

A staggering 37 percent of workers in Bangladesh’s micro, small and medium enterprises lost their jobs, either temporarily or permanently, in the space of one month, with 94 percent of MSMEs experiencing a sharp drop sales due to the impact of COVID-19.

This is the first foreign equity placement by Commercial Bank, the first post-pandemic equity placement by the IFC and is one of the largest foreign investments into Sri Lanka since the start of the COVID-19 pandemic.

As per revised unified directives, banks and financial institutions can also contribute the fund to protect and treat their employees.