All News and Announcements

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News

Google Pay Enables Remittances, With Plans for Global Expansion

The app now allows users based in the United States to send money to GPay users in India and Singapore.

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Opportunity International Leverages Network Across India to Provide Emergency COVID-19 Relief to Millions

The 50-year-old nonprofit is marshalling its resources to deliver public health education, food supplies and direct medical support to millions in nine of the hardest hit states in India.

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Cracking the Nut 2021: Deadline to Submit a Proposal to Present is May 14!

The deadline to submit a proposal is Friday 14 May 2021. Don't miss this opportunity to submit a proposal and highlight your organization's work in rural and agricultural development!

News

Share Your Insights in the Financial Inclusion Compass 2021 Survey

The fourth edition of the e-MFP Compass survey builds on the special edition Covid-19 Financial Inclusion Compass published last year to ask how the pandemic has changed stakeholders' roles and priorities.

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Fintech Lender Amartha Bags $28M From Women's World Banking to Fund Indonesia's Microentrepreneurs

WWB Capital Partners II is the second gender-lens investment fund established by Women’s World Banking aiming to close the gender gap by investing in high-performing financial service providers that serve low-income women.

News

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.

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Kenya's Slum Vendors Rely On Savings Groups to Survive COVID-19

Faced with challenges, a growing number of vendors in Kenya's slums turned to credit unions and savings groups, which could provide loans without collateral, to boost their businesses.

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Fight Against India's COVID-19 Second Wave: UAE Firms Waive Charges on Remittances

Money transfer companies in the UAE are trying to contribute in their own way to fight the COVID-19 pandemic situation in India by waiving charges to funds being transferred to India’s PM Cares Fund and Kerala Chief Minister’s Distress Relief Fund

News

IFC Provides $30M to BRAC Bank to Support Businesses During COVID-19

The investment will help to keep small and medium-sized enterprises open and preserve jobs, which is critical to sustaining the Bangladeshi economy.

News

Central Bank of Kenya Releases New Data on the Importance of Remittances

Remittances in March 2021 amounted to $290.8 million, compared to $228.8 million in March 2020, an increase of 27.1 percent.