China Mobile Payment Gains Fueled by Pandemic
The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.
IFC and PasarPolis Partner Amid Pandemic to Boost Microinsurance Safety Nets for Indonesia’s Most Vulnerable
Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.
Super Apps Rising: Mobile Drives Digital Payments Uptick in Pakistan
The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.
Digital Payments — Not Cash — Is Now King in Asia’s Payment Ecosystem
Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.
High Cost, Waiting Time Associated With Remittances Big Concern Among Malaysians, Survey Shows
These findings were from a survey to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.
EIB, Jaida Loans Morocco EUR 10M to Support Microcredit Activity
This is a continuation of the EIB's action carried out for several years in favor of microfinance in Morocco and is part of the bank's response aimed at supporting micro-entrepreneurs, in the context of the COVID-19 crisis.
BRIBrain Uses AI to Speed Up Loan Approvals, Helps More MSMEs Survive Pandemic
Indonesia's BRI Group has reduced the loan approval process for MSMEs in Southeast Asia from two weeks down to two minutes. The move comes at a critical moment when millions of businesses in the region are struggling to survive amidst the pandemic-driven economic recession.
Introducing a New Fund to Help Women Entrepreneurs During COVID-19
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.
Africa’s Mobile Money Industry Keeps Growing Despite COVID-19
Africa is at the forefront of a digital financial transformation as the continent leads the world in mobile money inclusion.
IFC’s $25 Million Investment in Nations Trust Bank to Help Sri Lankan Businesses Continue Operations, Preserve Jobs Amid COVID-19
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.