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News

Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report

According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.

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Rwanda Waives Charges on Digital Payments

The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.

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Advans Engages and Takes Care of Its Staff Through the COVID-19 Crisis

Recent weeks have been all about adapting to the unprecedented and rapidly changing context. 

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Boku Launches With Pearl Abyss to Extend Mobile Payments and E-Wallets Services

The launch countries include Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, and Singapore and alongside carrier billing will also include local e-wallet payment services such as RabbitLinePay, GCash, GoPay, OVO, Dana, GrabPay.

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Bangladesh: COVID-19 and the Coming Microinsurance Revolution

COVID-19 has brought to the forefront the potential for microinsurance in the Bangladesh market, where over 30 percent live below the national poverty line and insurance penetration is extremely low.

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El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020

Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.

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For Many Cambodians, Debt Repayment Bigger Threat Than COVID-19

Deep household debt might soon push Cambodia into a crisis as job losses caused by  Covid-19 make it even harder for families repay loans, experts and debtors say.

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World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy

Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.

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India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May

A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.

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Bangladesh: Govt Cash Gift for Corona-Affected Family Disbursed Through Rupali Bank SureCash

The government is providing direct cash assistance to 5 million Corona-affected families.