Since the outbreak of the COVID-19 pandemic, online purchase transactions have been on the rise in countries including Brazil and Mexico.

With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.

Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.

IFC will support developing more specially-designed products and services for women, as part of a move to help boost access to finance for women.

Microfinance startup Lupiya has received an investment of $1 million from a US Venture Capital fund Enygma Ventures.

Brighter Investment Investor Relations Manager Belinda Kuglenu argues that although school closures, rising unemployment rates and falling wages may result in delayed distributions to investors, the outlook for "long-term returns remain strong."

A federal stimulus program to combat the recent economic downturn is pushing more community banks to embrace financial technology partnerships.

As the world continues to face economic turmoil resulting from the COVID-19, communities in Zambia are turning to informal savings groups to cushion the impact of the pandemic.

A Q&A with World Bank economist Dilip Ratha on the job losses and travel restrictions affecting migrants around the world.

Central banks in Africa are responding to COVID-19 by investing in practical solutions that bring disadvantaged groups into formal financial services, accelerating their ability to recover and build resilience against future crises.