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Pakistan: Microfinance During COVID

According to Pakistan Microfinance Network, negative effects of the pandemic are obvious since March 2020.

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Why Migrant Workers in Gulf Countries Are Sending Record Amount of Money Home

Overall, remittances to the Asia-Pacific region will drop 12 percent in the second half of 2020 compared with the same period last year, Fitch Ratings says.

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Huawei Cooperates With Kenya Bankers Association To Expand Financial Inclusion

The Kenya Bankers Association will work with Huawei to spearhead industry-wide education in fintech innovation, digital transformation, and other ICT-related programs.

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Symbiotics Launches INR 1,260 Million Bond To Finance Indian C&I Solar Developer Fourth Partner Energy Limited

Symbiotics has arranged its first bond, the proceeds of which are solely used to finance renewable energy projects.

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IFC and MBA Work To Improve Access to Funding for Micro, Small and Medium Enterprises in Mongolia

A new agreement between IFC and the Mongolian Bankers Association will help improve access to funding for 200,000 micro, small and medium enterprises cumulatively over the next five years by developing a vibrant market for value chain finance in Mongolia.

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ACI Worldwide Announces 2020 Innovation Award Winners, Recognizing Global Digital Payments Innovation

ACI Worldwide, a leading global provider of real-time digital payment software and solutions, announced the winners of the 2020 ACI Innovation Awards.

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EFSE and ProCredit Bank Boost Financing for Ukrainian Agricultural Sector

UAH funding equivalent to EUR 20 million to be on-lent in local currency to small farmers and producers to support economic recovery during COVID-19 crisis.

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IFC Updates CAFI Platform to Help Financial Institutions Measure Climate Impact

IFC has updated its first-of-a-kind online climate impact measurement platform to make it easier for financial institutions to assess the climate eligibility of their investments and estimate the development impact of their climate-related activities.

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Undocumented Migrant Workers To Get Government Support for Returning Home

All the government repatriation schemes had excluded undocumented migrant workers, leaving them to languish in COVID-19 hit labor destination countries.

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COVID-19 Drives African States Into Cashless Societies

According to a recent GSMA report, Sub-Saharan Africa is the enduring epicenter of mobile money, adding over 50 million registered accounts in 2019.