Sri Lanka: Genie, BOC Partner to Increase Digital Payments via Mobile Wallet Solution
Sri Lanka-based fintech Genie has partnered with Bank of Ceylon to act as the financial acquirer and digitize payments through its mobile wallet solution.
Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus
The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.
Podcast: Banking on Women and the Underserved During COVID-19
Mary Ellen Iskenderian joins Fintech Beat to discuss how COVID-19 could end up revolutionizing how low-income women access capital.
Overseas Filipino Workers in UAE Can Now Send Money Home for Free, Thanks to Gcash-Denarii Cash Tie-Up
Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.
Contactless Self-Service Lockers Now Available for Financial Institutions
In light of the COVID-19 pandemic, FTSI, an independent provider of branch and digital transformation solutions for financial institutions, has introduced a new product, Smart Lockers for Banking.
Sri Lanka’s Economy Hit by Coronavirus: Decline in Earnings From Tourism, Remittances
The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.
India: May Digital Payments See an Uptick, Indicating Revival in Economic Activity
Digital payments saw a revival in May, after the government granted some relaxation during the third and fourth phases of the lockdown.
How Banks Can Work with Fintechs to Meet Evolving Digital Payments Needs
With the backdrop of the global COVID-19 pandemic, the need for new and evolving digital payment services has become even more urgent.
Coronavirus Brings Asia's Booming Online Lending Sector to Juddering Halt
The UK-based company shuttered its India business on 13 April as 10 out of 14 lending partners withdrew their products within three days of the launch of a nationwide lockdown.
Grameen Foundation, J.P. Morgan Deliver COVID-19 Relief in the Philippines
Supported by J.P. Morgan, the program will provide immediate relief and longer-term recovery support to 3,500 women entrepreneurs running microenterprises.