Users Can Now Send Money Through WhatsApp in India’s Massive Digital Payments Market
Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.
IFC and AIA Sri Lanka Partner to Increase Sri Lankan Women's Access to Insurance, Create More Jobs
Under the agreement, IFC will help AIA Sri Lanka develop a women's insurance program strategy and suitable products for Sri Lankan women.
Indians’ Access to Mobile Money Jumps 17-Fold in Four Years: IMF
IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.
IDB Group Analyzes Financial Inclusion in Times of COVID-19
On November 16, IDB Lab will bring together experts on the state of financial inclusion in a scenario strongly marked by the disruptions caused by the health emergency.
Banco W Issuing $40M “Social Bond,” Funded by IDB Invest to Promote Gender Equity in Colombia via Microfinance
The funds are slated to reach 25,000 female-led microenterprises and support the “development of the capital markets and thematic bonds in Colombia.”
Remittances to Fall for First Time in 11 Years
However, even though this is a 7.6 percent drop from last year’s $17 billion, Vietnam will remain the ninth biggest remittance beneficiary in the world.
IFC Lends Support to UniCredit Leasing to Enhance SME and Climate Financing in Romania
The EUR 27.5 million investment will generate jobs, boost energy-efficiency measures, and help reduce carbon emissions.
SANAD invests $5 Million in Badia Impact Fund Squared
With an investment of $5 million, the SANAD ESF II contributed to the $36 million first close of the Badia Impact Fund Squared, which targets early-stage, innovative SMEs in need of equity funding to scale up operations.
O-CITY Enters Kenya to Drive Contactless Payments Across Matatu Bus Service
Up to 10,000 buses to become cashless with O-CITY's M-Pesa-based ticketing solution.
The COVID Pandemic’s Sledgehammer Blow to Remittances
Remittances are an important source of income for low/middle-income countries. But nations that rely more on these inflows have been hit harder.