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Cambodians Forced to Sell Assets to Repay Loans as Coronavirus Hammers Economy

Many Cambodians are being forced to sell their livestock and farms to pay off debts to banks and microfinance institutions, prompting calls for the government to prevent lenders from collecting during the outbreak.

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Nigeria: Banks Offering Access to Low Interest Funds

As part of measures to cushion the impact of the coronavirus pandemic, the Chief Executive Officer of FirstBank Nigeria, Dr. Adesola Adeduntan, has disclosed that banks are currently offering customers access to low interest funds.

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COVID-19: Governments Must Protect the Rights of Migrants During the Pandemic and Beyond, UN Experts Urge

UN human rights experts today called on States to protect the rights of migrants and their families, regardless of their migration status, during and after the COVID-19 pandemic.

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Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report

According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.

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Rwanda Waives Charges on Digital Payments

The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.

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IFC Provides $116.5 Million in Financing to BBVA Leasing to Support Small Businesses in Mexico

The transaction will help the company expand its product offerings to small and medium enterprises (SMEs) and is designed to support the economic recovery from the COVID-19 health crisis.

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Advans Engages and Takes Care of Its Staff Through the COVID-19 Crisis

Recent weeks have been all about adapting to the unprecedented and rapidly changing context. 

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Boku Launches With Pearl Abyss to Extend Mobile Payments and E-Wallets Services

The launch countries include Russia, Turkey, Thailand, Philippines, Indonesia, Malaysia, and Singapore and alongside carrier billing will also include local e-wallet payment services such as RabbitLinePay, GCash, GoPay, OVO, Dana, GrabPay.

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World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy

Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.

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El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020

Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.