All News and Announcements
ADB Loan To Boost Financial Inclusion in the Philippines
"COVID-19 has underscored how important digital systems and contactless transactions are for economic resilience."
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.
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.
How Credit Unions Are Putting Digital To Work for Their Members
Digital accelerated to the forefront amid the COVID-19 pandemic, but it’s become clear as governments lift stay-at-home orders that it’s now many consumers' preferred way of getting things done.
India: Government Survey To Focus on Migrant Woes and Assess Remittance Risk
The household survey will also capture remittance risks to the rural economy until the pandemic is contained.
IFC and ECCB Partner To Expand Financial Access for SMEs in Eastern Caribbean Currency Union
The objective is to create a centralized, shared registry in the region that can be customized to each country’s particular case.
Airtel and MoneyGram Partner To Enhance Money Transfer in Africa
The partnership enables Airtel Money’s 19 million customers to receive MoneyGram transfers directly into their mobile wallets from around the world.
B2B PAYMENTSSri Lanka’s NSB To Utilize ACI for Fraud Detection
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.
Ethiopia Allows Local Banks To Borrow From Foreign Banks
The decision of the National Bank of Ethiopia followed the chronic foreign currency shortage the country has been facing for many years.
India: Microfinance Collections Pick up in July, Shows Industry Data
Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.