Drop in Remittances to Hurt Consumption in Philippines
Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.
IFC and TEB Expand Partnership to Support Kosovo’s Women-Owned and Agribusiness SMEs
The facility has been provided under IFC’s Small Loan Guarantee Program (SLGP), a programmatic approach to risk-sharing that aims to strengthen the capacity of financial institutions to finance SMEs in low-income countries.
CFI Celebrates Smart Campaign’s Advancement of Consumer Protection, Announces Plans to Transition Resources to Industry Partners
CFI will transfer the wealth of implementation resources created by the Smart Campaign to trusted industry partners, enabling CFI to continue playing a catalytic role focused on the risks to low-income customers in the rapidly changing inclusive finance landscape.
Singapore Plans Year-End Fintech Event Amid Virus Restrictions
Singapore is planning an online and physical fintech festival amid the spread of the coronavirus across the globe.
Brazil Central Bank Authorizes Tests of Facebook's WhatsApp Pay
Brazil’s central bank has authorized testing of payments via Facebook Inc’s messaging service WhatsApp in the country easing an outright ban on the service imposed last month.
Symbiotics Launches First $10.25 Million Social Bond With Cooperativa de Ahorro y Crédito ABACO in Peru
The proceeds of the Social Bond will be used to finance small and medium-sized enterprises within the trade, services and agriculture sectors, in particular the food industry, commercial stores and farms.
EFSE Loans Additional EUR 2 Million to BT Leasing to Expand Access to Financing for Moldovan Entrepreneurs
The investment particularly aims to bolster the ability of micro and small enterprises to continue operations in an environment made difficult by the COVID-19 crisis.
COVID-19's Impact on Latin American Online Payment Methods 2020 - Digital Payments Boosted During the Pandemic
Since the outbreak of the COVID-19 pandemic, online purchase transactions have been on the rise in countries including Brazil and Mexico.
Remittances Dropped by 80 Percent in Yemen
Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.
Sri Lanka: IFC Supports Commercial Bank of Ceylon to Expand Access to Finance for Women and Women-Owned Small Businesses
IFC will support developing more specially-designed products and services for women, as part of a move to help boost access to finance for women.