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News

“Past Imperfect; Future Tense”: Online European Microfinance Week 2020 Begins, for a Financial Inclusion Sector with Much to Discuss

EMW brings together all branches of the industry, including e-MFP’s own members, to discuss trends, innovations, challenges and opportunities in inclusive finance in developing countries.

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SANAD invests $5 Million in Badia Impact Fund Squared

With an investment of $5 million, the SANAD ESF II contributed to the $36 million first close of the Badia Impact Fund Squared, which targets early-stage, innovative SMEs in need of equity funding to scale up operations.

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IFC Lends Support to UniCredit Leasing to Enhance SME and Climate Financing in Romania

The EUR 27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.​

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Remittances to Fall for First Time in 11 Years

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.

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Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance

The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”

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IDB Group Analyzes Financial Inclusion in Times of COVID-19

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.

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IFC and AIA Sri Lanka Partner to Increase Sri Lankan Women's Access to Insurance, Create More Jobs

Under the agreement, IFC will help AIA Sri Lanka develop a women's insurance program strategy and suitable products for Sri Lankan women.

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Indians’ Access to Mobile Money Jumps 17-Fold in Four Years: IMF

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

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Users Can Now Send Money Through WhatsApp in India’s Massive Digital Payments Market

Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.

News

Singapore’s Buy Now Pay Later Firm Hoolah to Expand Operations Into Asian Markets

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.