The household survey will also capture remittance risks to the rural economy until the pandemic is contained.

The objective is to create a centralized, shared registry in the region that can be customized to each country’s particular case.  

The partnership enables Airtel Money’s 19 million customers to receive MoneyGram transfers directly into their mobile wallets from around the world.

Digital payment software and solutions firm ACI Worldwide will be working with Sri Lanka’s National Savings Bank to implement a new solution for mitigating fraud.

The decision of the National Bank of Ethiopia followed the chronic foreign currency shortage the country has been facing for many years.

Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.

Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.

Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.

In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.

More than an estimated 5,000 women are expected to directly benefit from a new initiative led by Ghazanfar Bank, one of Afghanistan’s leading commercial banks.