The bank’s chief executive Gideon Muriuki said the funds would be used to support businesses to better cope with the disruptions brought about by the COVID-19 pandemic.

The new online payments system, Raast, has been launched to support women who might have been financially marginalized or unable to access modern financial services for a long time.

While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.

Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.

The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.

Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.

While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.

Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.

The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.

City Express Myanmar and Money King were granted remittance licenses on 5 January.