All News and Announcements
Thailand's FINNIX App Leverages AI for Financial Inclusion
The FINNIX mobile app, which is regulated by the Bank of Thailand, was developed by MONIX and offers microfinance loans through a completely digital process from loan application to approval and disbursement.
Mastercard And GCS International Strengthen Their Alliance to Build Financial Inclusion In Jamaica
The partnership will strengthen the economic growth potential in the Caribbean, providing the underserved population with a simple and secure real-time payment solution.
Ngern Tid Lor PCL is IFC’s First Investment in a Non-Banking Financial Institution in Thailand to Support MSMEs
The investment aims to support a resilient recovery by promoting business growth, creating jobs, and fostering financial inclusion.
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.
Thai Household Debt Skyrockets from Credit Cards, Loans and Car Loans
The Bank of Thailand has been asked to review the ceiling of interest rates and supervise credit cards, personal loans and car loans, as the Thai government has vowed to tackle high household debt, incurred by credit card and personal loans.
Jamaica Plans to Launch Central Bank Digital Currency in 2022
The government views the accelerated transition to a digital society and economy as vital to economic recovery following the COVID-19 pandemic.
Digital Payments — Not Cash — Is Now King in Asia’s Payment Ecosystem
Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.