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Mastercard, Juvo Team up to Help Underbanked Build Credit In LATAM, Caribbean

Mastercard plans to take Juvo’s platform to financial institutions across Latin America and the Caribbean. The companies said the service could potentially help open up banking services to millions of customers.

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CGAP, Symbiotics Partner to Monitor COVID-19’s Impact on Microfinance

The partnership will track and analyze the performance of hundreds of microfinance institutions across the world over the next six months, in an ongoing effort to shed light on how the COVID-19 pandemic is impacting the microfinance sector.

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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.

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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.

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“Past Imperfect; Future Tense”: Online European Microfinance Week 2020 Begins, for a Financial Inclusion Sector with Much to Discuss

EMW brings together all branches of the industry, including e-MFP’s own members, to discuss trends, innovations, challenges and opportunities in inclusive finance in developing countries.

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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.

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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.​

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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.

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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.”

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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.