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IFC Provides $100M to Daycoval to Support SMEs Facing the Impacts of the COVID-19 Pandemic

This loan to Daycoval is being granted as part of IFC’s global response to combat the economic impacts of the COVID-19 pandemic.

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Global Data Says COVID-19 Accelerates Shift to Digital Payments in the Asia-Pacific

As governments issue movement restrictions to help curb COVID-19, businesses accelerated their digital transformation which includes, among others, digital payments.

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Cambodia: Micro-Loan Borrowers Face COVID-19 Crisis

Debt relief measures by micro-loan providers in Cambodia are failing to alleviate the serious financial burdens on indebted families affected by the COVID-19 pandemic.

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State Bank of Pakistan Extends COVID-19 Mitigation Measures Till December

The State Bank of Pakistan has extended a number of measures taken to mitigate the impact of COVID-19 from their original deadline of 30 June / 30 September, to 31 December.

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Announcing the Call for Learning Space Concepts at #SEEP2020

SEEP is rewriting the rules for how Learning Spaces (previously peer learning sessions) go from conception to delivery, through an iterative process that relies heavily on collaboration and co-creation.

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Zambian Fintech Startup, Lupiya Receives $1 Million Investment From Engyma Ventures

Microfinance startup Lupiya has received an investment of $1 million from a US Venture Capital fund Enygma Ventures.

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Mastercard Enables Faster Remittances During Pandemic

With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.

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Remittances Dropped by 80 Percent in Yemen

Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.

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Coronavirus or Demonetization? Which One Helped India’s Digital Payment More?

The value of transactions on the Unified Payments Interface, a platform created by India’s largest banks in 2016, reached an all-time high last month as people feared to handle banknotes amid the pandemic.

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Sri Lanka: IFC Supports Commercial Bank of Ceylon to Expand Access to Finance for Women and Women-Owned Small Businesses

IFC will support developing more specially-designed products and services for women, as part of a move to help boost access to finance for women.