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India: Banks and NBFCs Begin Tug of War on Extension of Loan Moratorium Scheme

Through informal communications, many banks have conveyed to NBFCs and micro lenders that they aren’t in favor of extending the moratorium, said at least three NBFC industry officials.

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Sri Lanka: Genie, BOC Partner to Increase Digital Payments via Mobile Wallet Solution

Sri Lanka-based fintech Genie has partnered with Bank of Ceylon to act as the financial acquirer and digitize payments through its mobile wallet solution. 

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MIX and CFI Announce Strategic Integration to Drive Industry Knowledge for Inclusive Finance

Bringing together deep data expertise and thought leadership in financial services will yield crucial insights in service of broader development goals.

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Lift and Department of Social Welfare Announce $9 Million in COVID-19 Cash Support

Myanmar Ministry of Social Welfare, Relief and Resettlement, Department of Social Welfare and Livelihoods and Food Security Fund LIFT have announced funding of $9 million in COVID-19 cash support to mothers, pregnant women and social pension beneficiaries.

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A Pragmatic Solution to a Business Continuity Problem Arising out of the COVID-19 Crisis: The Monitoring Application That Allows Customers to Be Served at a Distance

In partnership with the Mastercard Foundation,  AccessHolding was able to provide a very pragmatic and fast-paced solution to its network banks.

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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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Philippines: Consumers Shopping, Banking From Home Warned vs Rash of Digital Payment Fraud, Hacking

While the COVID-19 pandemic has increased usage of digital payments, there has been an observed increase in attempts at scams and financial crimes.