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Podcast: Banking on Women and the Underserved During COVID-19

Mary Ellen Iskenderian joins Fintech Beat to discuss how COVID-19 could end up revolutionizing how low-income women access capital.

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Sri Lanka’s Economy Hit by Coronavirus: Decline in Earnings From Tourism, Remittances

The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.

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Overseas Filipino Workers in UAE Can Now Send Money Home for Free, Thanks to Gcash-Denarii Cash Tie-Up

Both Denarii Cash and GCash share the same commitment of offering convenient and affordable financial services to Filipinos.

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Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus

The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.

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Contactless Self-Service Lockers Now Available for Financial Institutions

In light of the COVID-19 pandemic, FTSI, an independent provider of branch and digital transformation solutions for financial institutions, has introduced a new product, Smart Lockers for Banking.

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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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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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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.