Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.

Khushhali Microfinance Bank has contributed PKR 1 million (about $6,067.04) to the Fund to support the government in the fight against COVID-19.

Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.

The bond is the first Green Bond issued via Symbiotics’ sponsored bond issuance platform under its Sustainability, Social and Green Bond Framework which was certified in December 2019 by DNV GL.

The funding will be used to expand lending to small and medium-sized enterprises, with over a third dedicated to businesses owned by women.

COVID-19 could be the “demonetization moment” for digital services delivery in India.

Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.

Paytm ties up with Non-bank financial institutions (NBFCs) to use past-transaction data to assign credit limits for loans for daily purchases of grocery, retail goods.

Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.

The UK-based company shuttered its India business on 13 April as 10 out of 14 lending partners withdrew their products within three days of the launch of a nationwide lockdown.