The money will "empower local small- and medium-sized enterprises, with a particular focus on underserved segments such as youth and women-owned businesses, agricultural enterprises, and very small enterprises".

New regional network will support engagement with financial institutions and policymakers across Latin America and the Caribbean to capitalize on the net-zero transition opportunity for the region.

The cryptocurrency will lose its reputation as a speculative asset and prove its use as a legitimate payment system, central bank President Douglas Rodriguez said in an interview on Monday.

"We want to be the power that helps emerging markets reach a faster economic development," OPay Chief Executive Officer Yahui Zhou said in a statement.

Singapore is planning an online and physical fintech festival amid the spread of the coronavirus across the globe.

A Q&A with World Bank economist Dilip Ratha on the job losses and travel restrictions affecting migrants around the world.