IFC’s $50 Million In Support to Commercial Bank of Ceylon to Boost Finance for Small Businesses in Sri Lanka Amid COVID-19
The funding will be used to expand lending to small and medium-sized enterprises, with over a third dedicated to businesses owned by women.
New EFSE Loan to Agroprosperis Bank Supports Ukrainian Farmers With EUR 5 Million
EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.
MTN Bolsters Mobile Financial Services Business During COVID-19
MTN today said the spread of Covid-19 epidemic has accelerated the adoption of mobile financial services in Africa.
Moneygram Reports Jump in Mobile Wallet Transfers
International remittance provider MoneyGram flagged a rapid increase in transactions made to mobile wallets during May, as lockdown measures due to the COVID-19 pandemic continued across several countries.
Mastercard Expands Financial Inclusion Initiative
Mastercard says it is expanding its worldwide commitment to financial inclusion by pledging to bring a total of 1 billion people and 50 million micro- and small businesses into the digital economy by 2025.
Sudan Embraces Digital Payments to Build a More Inclusive Economy
Sudan Joins United Nations’ Better Than Cash Alliance to Drive Financial Inclusion and Transparency
CGAP Launches Global Microfinance Survey to Inform COVID-19 Response
The survey is intended to gather data that MFI management teams, funders and policy makers all need to help these institutions and their low-income clients weather the COVID-19 (coronavirus) crisis.
COVID-19 FinDev Weekly Update | 04-10 June 2020
A roundup of the most relevant coronavirus-related news, resources and events from the past week
India: Paytm's 'Spend Now, Pay Next Month' Option Available at Local Kirana Stores
Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.