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.
Digital Lending Post COVID: How Micro-Credit Holds the Key for Small Merchants, Customers to Bounce Back
Credit and Finance for MSMEs: Digital lending platforms with the principles of financial inclusivity will emerge as the heroes of the financial crisis.
China Takes Steps to Become First Cashless Society After COVID-19
As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.
FINCA Impact Finance Secures $15 Million Revolving Loan Facility From Calvert Impact Capital
Additional liquidity bolsters financial network’s ability to deliver financial services to low-income entrepreneurs.
Fintechs Help Credit Unions With PPP Loans & Mobile Payments
To help financial institutions during this coronavirus crisis, fintechs stepped up to help with contactless person-to-person mobile payments.
New Data: How COVID-19 Is Driving CUs’ Digital Leap
COVID-19 has closed bank and credit union (CU) branches across the United States, sending the demand for digital banking solutions soaring as consumers hop online to manage their finances from home.
Loan Moratorium: Lenders Struggling to Trace Low-Ticket Retail Borrowers
Financiers across the spectrum are struggling to trace low-ticket borrowers, about a fifth of their customers, through virtual means.