How Credit Unions Are Putting Digital To Work for Their Members
Digital accelerated to the forefront amid the COVID-19 pandemic, but it’s become clear as governments lift stay-at-home orders that it’s now many consumers' preferred way of getting things done.
India: Microfinance Collections Pick up in July, Shows Industry Data
Banks continue to dominate the microfinance sector accounting for 41 percent of the loan share of the industry.
EIB Lends $12M to Credo Bank for Microfinance in Rural Georgia to Offset Effects of COVID-19 on Food Production
Credo will use the funds to on-lend primarily as working capital for people living in rural areas, with the aim of lessening the impacts COVID-19 has had on food production and the country’s agricultural sector.
Pakistan Cites New Transfer Rules in Remittances Boost
In a rare instance of COVID-19 helping a country’ s economy, Pakistan saw a significant uptick in remittances from nationals working overseas in July.
Cambodians Are Bingeing on Microfinance Loans
The downturn brought on by COVID-19 will test the industry.
COVID-19 Driving Increase in Digital Payments in Singapore
Singapore residents are increasingly adopting digital payments due to the COVID-19 pandemic, according to a GlobalData report.
Digital Financial Services Must Expand to Address Pandemic Fallout
Bangladesh's financial sector will have to adopt new technologies and services in the post-COVID-19 period for the lenders to move their operations online and address the recent challenges faced by the industry.
FinDev COVID-19 Update | 30 Jul - 12 Aug 2020
A roundup of the most relevant coronavirus-related news, resources and events from the past week
Overseas Filipino Worker Remittances May Drop by $5 Billion This Year
Latest data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances coursed through banks declined by 6.4 percent to $11.55 billion from January to May compared to $12.35 billion in the same period last year.
Asia-Pacific May See $31.4-54.3 BN Remittance Losses Due to COVID-19: ADB
Asia Pacific, which accounts for a third of the global migrant workforce, is likely to face remittance losses of $31.4-54.3 billion due to the coronavirus pandemic, the Asian Development Bank (ADB) said in a report.