Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.

Mastercard this week expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.

TechSprint initiative will support the regulatory and supervisory responses against the COVID-19 pandemic.

The partnership aims to address key issues facing the industry, including business continuity, lack of funding, and brand awareness.

To help financial institutions during this coronavirus crisis, fintechs stepped up to help with contactless person-to-person mobile payments.

COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home.

As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.

In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.

The World Bank projected global remittances to plunge almost 20 percent in 2020 due to issues related to the COVID-19.