Showing 1 - 10 of 548
News

Minimum Economic Recovery Standards (MERS) Guidance in Response to COVID-19

Seep reminds the financial inclusion community about the Minimum Economic Recovery Standards, a guide for practitioners on improving economic assistance for disaster recovery and can also provide some guidance on what to do in the context of COVID-19.

News

Africa Turns to Mobile Payments as a Tool to Curb COVID-19

Governments and startups on the continent are implementing measures to shift a greater volume of payment transactions toward mobile money and away from cash. It’s an option facilitated by the boom in fintech that’s occurred in Africa over the last decade. 

News

Nepal’s Remittance-Dependent Economy Braces for Upheaval Amid COVID-19 Pandemic

The government’s decision to stop issuing permits to migrant workers will have significant consequences for the country, where economic activities are driven by remittances, experts say.

News

COVID-19: Indian Oil Customers Can Now Use Paytm to Pay for LPG Cylinders and at Petrol Pumps

Paytm, India’s largest digital payments and financial services company has entered into a strategic partnership with Indian Oil Corporation Limited to enable digital transactions across its fueling stations as well as LPG cylinder delivery ecosystem.

News

Nigeria: CBN Unveils Palliative Measures to Cushion Impact of Coronavirus on Economy

The measures include a moratorium of one year on all principal repayments as well as interest rate reduction on all applicable CBN intervention facilities from nine to five percent per annum for one year effective 1 March, 2020.

News

World Bank Issues $300 M Loan to Boost Indonesia's Financial Sector

The loan will support the development of financial technology and inclusion in Indonesia and will will provide budget support for Indonesia’s reform agenda in three key policy areas.

News

Coronavirus Could Wipe Out $3 Billion From Bangladesh Economy

According to the Asian Development Bank, the financial fallout from the ongoing coronavirus epidemic could potentially shrink Bangladesh's gross domestic product by as much as 1.1 percent or $3.02 billion.

News

Remittances in Times of Crisis: Facing the Challenges of COVID-19

Announcing the Remittance Community Task Force to regularly provide information concerning the challenges facing remittance families in the social and economic fallout during the coming months through its Briefs.

News

Bank of Ghana Issues Directive to All Financial Institutions to Take Steps to Prevent the Spread of COVID-19

The BoG will continue to assess the possible impact of the pandemic on the domestic economy and is taking the necessary steps to mitigate its impact, to ensure financial and economic stability.

News

How Coronavirus Affects the Microfinance Sector

The Grameen Credit Agricole Foundation's partners express their concerns about the expected effects of this global health crisis.