All News and Announcements
Major Step Forward to Improve Access to Finance in Pakistan Amid COVID-19
Pakistan’s micro, small and medium sized enterprises and individual consumers are set to benefit from the creation of an electronic registry that allows for the country’s financial institutions to use moveable assets as collateral for loans.
India: Digital Lenders Struggle to Cope With Slowdown Induced by Virus
Digital lenders are seeking guidelines for full digitization and allowing eKYC and eSign mandates.
Pakistan: Jazzcash Taps Mastercard for Digital Payments
In a statement, JazzCash owner Veon, said in addition to an opportunity to widen access to digital payments, the partnership would improve financial inclusion during the COVID-19 pandemic.
The Digital Rupee — Is India Ready for the Next Wave of Digital Payments?
Going forward, it is critical for India to build an accessible, inclusive and resilient payment system that can withstand sustained shocks in the aftermath of the COVID-19 crisis.
SIDBI Extends Loan Repayment Term to 1-Year for NBFCs, MFIs
Small Industries Development Bank of India has extended the repayment period of loans to non-banking finance companies and microfinance institutions to one year from the 90-day period earlier.
India: COVID-19-Hit Microlenders Knock on SEBI’s Door Seeking Extension of Rating Period
Microfinance institutions have sent a distress call to markets regulator seeking to instruct credit rating agencies to delay the ratings on microlenders whose operations have been disrupted by the impact of COVID-19.
Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers
Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.
Bangladesh: Expatriates Opt for bKash to Send Remittance Safely Amid COVID-19 Crisis
In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.
At Mercy of Banks, India's Cash-Tight Shadow Lenders Face New Turmoil
All major state-owned and private banks have stopped lending to non-banking financial companies (NBFCs) due to concerns about their financial health.
Here's How Non-Bank Lenders Plan to Raise Money
Small non-bank lenders plan to come together and sell bonds that make the cut for bank financing.