Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.

City Express Myanmar and Money King were granted remittance licenses on 5 January.

Filipino households in the lower-income group, especially those in the rural areas of the country, are still struggling to save.

Financial inclusion will play an important role in Indonesia’s recovery from the coronavirus disease (COVID-19) pandemic.

The global financial inclusion ranking of the Philippines slipped further this year despite improvements spurred by the government’s need to promote digital channels as part of its response to the COVID-19 pandemic.

The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.

Since the beginning of 2020, Cambodia's BFIs have raised more than $500,000 in donations for health, sanitary and food supplies to support vulnerable communities.

However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world.

hoolah, a two-year-old Fintech startup offering Buy Now, Pay Later (BNPL) payment solutions, confirmed that it is moving forward with its plans to expand into Asian markets.

More than 260,000 applicants received approval to restructure their loans from microfinance institutions as of October.