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News

IFC Mobilizes $2B in Credit Capacity From Insurers to Expand Lending to Financial Institutions

IFC has partnered with six global insurance companies to mobilize $2 billion in credit capacity under the Managed Co-Lending Portfolio Program (MCPP).

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COVID-19: FNFI Backs Nine Microfinance Institutions

The National Fund for Inclusive Finance is putting in place mechanisms to support its partnering microfinance institutions amidst the COVID-19 crisis. 

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IFC Finances Garanti BBVA to Support Turkish MSMEs Amid the COVID-19 Pandemic

IFC is providing a $50 million senior loan to Garanti BBVA to help micro, small, and medium enterprises weather the effects of the COVID-19 pandemic.

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RBI Asks Payment Systems Operators to Educate Public on Safe Digital Transactions

The Reserve Bank of India (RBI) on Monday directed payment systems operators to undertake targeted multi-lingual campaigns by way of SMSs and advertisements to educate their users on safe and secure use of digital payments amid incidence of frauds continuing to bedevil people.

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AFC and GIZ Develop Tools for Financial Sector of Mozambique to Respond to COVID-19 Crisis

Guidelines intended to provide guidance on how to overcome the current crisis, generally make financial services business more resilient and to sustain/grow in the new reality. 

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Brookings Institution Press Publishes a Book "The Future of Microfinance"

New book tells the important story of how microfinance developed, how it has met the needs of hundreds of millions of people, and addresses key questions about how it can continue to meet those needs in the future.

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COVID-19 to Impact Demand Growth of Mobile Payment Market | Key Players: WeChat Pay, Alipay, PayPal

A new report on Mobile Payment Market has been published by Acquire Market Research providing a thorough analysis of the industry trends, market opportunities, growth drivers essential for market leaders.

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DBP Eyes More Tie-Ups With Financial Firms to Push for Financial Inclusion

STATE-run Development Bank of the Philippines will forge ahead with its financial inclusion initiatives this year by tapping financial technology companies, non-bank financial institutions, as well as rural banks.

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Eko India Offers Banking Services to Migrants in Telangana

Eko's network of over 200,000 entrepreneurs, retailers, and individuals, across 200 cities in India has been instrumental in bringing about this ease to the lives of migrants.

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Fintech Adoption: Mobile, Digital, and Contactless Payments Increasingly Being Used in Indonesia Due to COVID-19

Certain segments of the fintech industry, including digital, mobile, and contactless payments,  have seen increased adoption in recent months, since the pandemic began.