All News and Announcements
Philippines: QR Code Transactions Near P1 Billion
The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.
responsAbility Launches Social Bond to Support Financial Inclusion and Health Post-COVID
The $177.5 million social bond will bundle loans to innovative companies in capital-scarce regions which operate in the financial inclusion, healthcare and WASH (water, sanitation, hygiene) sectors, and that have a measurable, positive social impact.
Facebook Launches Financial Education Initiative for Women-Led Businesses in Pakistan
Facebook is expanding its women-empowerment focused initiative, SheMeansBusiness, to bolster the financial inclusion and resiliency of women-led businesses in Pakistan.
EIB Backs Palestinian Startups With a $50 Million Line of Credit to Bank of Palestine
The European Investment Bank (EIB) extended a $50 million line of credit to Bank of Palestine to support the resilience of the Palestinian private sector through on-lending to local SMEs, as part of Team Europe’s overall response to the Covid-19 crisis.
Philippines: Microfinance, Micro-entrepreneurs to Gain From National ID System
The system's online authentication and e-KYC will enable a more seamless digital onboarding, making it easier for clients to open an account.