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IFC’s $50 Million In Support to Commercial Bank of Ceylon to Boost Finance for Small Businesses in Sri Lanka Amid COVID-19

The funding will be used to expand lending to small and medium-sized enterprises, with over a third dedicated to businesses owned by women.

News

New EFSE Loan to Agroprosperis Bank Supports Ukrainian Farmers With EUR 5 Million

EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.

News

MTN Bolsters Mobile Financial Services Business During COVID-19

MTN today said the spread of Covid-19 epidemic has accelerated the adoption of mobile financial services in Africa.

News

Moneygram Reports Jump in Mobile Wallet Transfers

International remittance provider MoneyGram flagged a rapid increase in transactions made to mobile wallets during May, as lockdown measures due to the COVID-19 pandemic continued across several countries.

News

Mastercard Expands Financial Inclusion Initiative

Mastercard says it is expanding its worldwide commitment to financial inclusion by pledging to bring a total of 1 billion people and 50 million micro- and small businesses into the digital economy by 2025.

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Sudan Embraces Digital Payments to Build a More Inclusive Economy

Sudan Joins United Nations’ Better Than Cash Alliance to Drive Financial Inclusion and Transparency

News

CGAP Launches Global Microfinance Survey to Inform COVID-19 Response

The survey is intended to gather data that MFI management teams, funders and policy makers all need to help these institutions and their low-income clients weather the COVID-19 (coronavirus) crisis.

FinDev Guide

COVID-19 FinDev Weekly Update | 04-10 June 2020

A roundup of the most relevant coronavirus-related news, resources and events from the past week

News

India: Paytm's 'Spend Now, Pay Next Month' Option Available at Local Kirana Stores

Paytm has expanded Paytm Postpaid facility to offline retail outlets and neighborhood kirana shops.