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News

Amazon's New Offerings Make India Centre of Fintech Push

Amazon.com Inc (AMZN.O) has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more subscribers to its Prime loyalty program in a battleground growth market.

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COVID-19 Crisis Lifts Kenya's Mobile Money Usage to $4.2 Billion a Month

The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.

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Mastercard and MDEC Ink MoU To Drive Electronic Payments and Accelerate Financial Inclusion

Private and public collaboration to focus on using digitalization to address a range of economic, commercial, and social issues.

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Saudi Arabian Savings App Hakbah Forms Partnership With Visa

The solution offers customers a convenient and simple method for Savings Groups’ habit.

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Symbiotics Appoints Théodore Economou as Head of Asset Management

Théodore joins Symbiotics from Lombard Odier Investment Managers, which he had joined in 2015 as CIO of the Multi-Asset Group.

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IFC Helps Banco Agricola Increase Access to Finance, Respond to COVID-19 Pandemic in El Salvador

The financing package aims to support micro, small and medium enterprises, women-owned SMEs, housing for underserved segments, and climate-smart investments, including green buildings.

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Bancamía and IFC Sign Cooperation Agreement to Develop Financial Products and Services for Venezuelan Migrants in Colombia

The cooperation aims to strengthen the offer of financial products and services to Venezuelan migrants, especially women, with the aim of helping them successfully integrate into the country's social and economic dynamics.

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ADB Loan To Boost Financial Inclusion in the Philippines

"COVID-19 has underscored how important digital systems and contactless transactions are for economic resilience."

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COVID-19 Hits Remittances To Vietnam

Overseas remittances are expected to fall short of the target this year due to the economic crisis caused by the COVID-19 pandemic and shutdowns around the world.

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FINCA Haiti Secures 100 Million Gourde Revolving Loan Facility From Banque Nationale DE Crédit

This is the first local source of funding and will bolster the microfinance institution’s ability to serve low-income entrepreneurs.