Nigeria: Banks Offering Access to Low Interest Funds
As part of measures to cushion the impact of the coronavirus pandemic, the Chief Executive Officer of FirstBank Nigeria, Dr. Adesola Adeduntan, has disclosed that banks are currently offering customers access to low interest funds.
Rwanda Waives Charges on Digital Payments
The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.
Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.
IFC Provides $116.5 Million in Financing to BBVA Leasing to Support Small Businesses in Mexico
The transaction will help the company expand its product offerings to small and medium enterprises (SMEs) and is designed to support the economic recovery from the COVID-19 health crisis.
Advans Engages and Takes Care of Its Staff Through the COVID-19 Crisis
Recent weeks have been all about adapting to the unprecedented and rapidly changing context.
COVID-19 FinDev Weekly Update | 14-20 May 2020
A roundup of the most relevant coronavirus-related news, resources and events from the past week
Bangladesh: COVID-19 and the Coming Microinsurance Revolution
COVID-19 has brought to the forefront the potential for microinsurance in the Bangladesh market, where over 30 percent live below the national poverty line and insurance penetration is extremely low.
World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy
Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.
For Many Cambodians, Debt Repayment Bigger Threat Than COVID-19
Deep household debt might soon push Cambodia into a crisis as job losses caused by Covid-19 make it even harder for families repay loans, experts and debtors say.
El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020
Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.