All News and Announcements
IFC, LeapFrog Investments and DEG Invest in Vietnam’s HDBank to Help Accelerate Economic Recovery, Expand Lending to Smaller Businesses, and Boost Resiliency of the Banking Sector
Investment will increase access to credit for retail and small and medium enterprises (SMEs) with specific focus on women entrepreneurs.
Thailand's Fintech Comes of Age
Ongoing shifts toward e-commerce, digital payments (including contactless), and instant payments have all been significantly boosted during the pandemic with real-time payments surging by 104 percent.
Philippines: QR Code Transactions Near P1 Billion
The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.
Vietnam: Virtual Events Scheduled to Mark Cashless Day
Data from the State Bank of Vietnam shows that the number of non-cash transactions has been on a rise in Vietnam during the pandemic.
COVID-19 Loans for MSMEs Reach PHP 4.3 Billion
The loans approved under the COVID-19 Assistance to Restart Enterprises program is said to have benefited 29,816 enterprises in the Philippines.
Digital Payments the ‘New Normal’ During Lockdowns
Last week, the Microfinance Association of Cambodia and the National Bank of Cambodia discouraged the use of physical currency to help curb the spread of the pandemic.
Cambodia Launches $200M Guarantee Scheme to Support Businesses During Pandemic
The scheme is designed to support businesses including micro, small and medium enterprises, and large firms to enhance their access to formal loans.