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.

On November 16, IDB Lab will bring together experts on the state of financial inclusion in a scenario strongly marked by the disruptions caused by the health emergency.

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.

Fintechs that adequately handle this increasing regulatory oversight will demonstrate their maturity.

Remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021.

EUR 4.2 million to help sustain micro and small enterprises during difficult environment of COVID-19 crisis.

The pandemic highlights the crucial role of insurance as a safety net when people lose their jobs or are unable to get to work, when bread-winners get sick or die, or when small businesses are forced to shut.

Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.

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

The events that have unfolded have brought to the fore the need to provide some sort of a social security net for millions of toiling masses.