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

EMW brings together all branches of the industry, including e-MFP’s own members, to discuss trends, innovations, challenges and opportunities in inclusive finance in developing countries.

With an investment of $5 million, the SANAD ESF II contributed to the $36 million first close of the Badia Impact Fund Squared, which targets early-stage, innovative SMEs in need of equity funding to scale up operations.

The EUR 27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.​

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.

The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”

On November 16, IDB Lab will bring together experts on the state of financial inclusion in a scenario strongly marked by the disruptions caused by the health emergency.

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.