The loan is extended within the Western Balkans SME Competitiveness Support Program with the support by the EU, which is providing incentive payments and technical assistance.

City Express Myanmar and Money King were granted remittance licenses on 5 January.

Morocco’s Foreign Exchange Office has announced that remittances from the Moroccan diaspora continue despite the COVID-19 pandemic.

Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.

While COVID-19 may have wreaked havoc across financial services, according to a recent report the pandemic has driven the urgency to prioritize and actively deploy fintech initiatives by regulators.

The World Bank has warned that the weaker-than-expected growth elsewhere in the world due to the pandemic may undermine the recovery in Bangladesh and other countries in South Asia.

The financing package will be used by Nations Trust Bank to help small and medium sized enterprises and corporates to stay afloat during the ongoing public health crisis.

The International Fund for Agricultural Development will provide Bangladesh with a loan of $ 18.07 million to rebuild microenterprises as well as to support smallholders affected adversely by the COVID-19 pandemic.

Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.

While economies around the world are reeling from the pandemic’s impact, some segments are disproportionately affected. This is particularly the case for women-owned micro, small and medium enterprises.