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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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Visa’s Digital Dollar Concept Opens a Door to Central Bank Currencies

The U.S. Patent office on Friday published a Visa patent application to create a technology gateway that could allow central bank currencies for any nation to be digitized.

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An International Coalition to Protect Microfinance Institutions and Their Clients in the COVID-19 Crisis

At the initiative of Grameen Crédit Agricole Foundation, a group of microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector during the COVID-19 pandemic.

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Worldwide Foundation for Credit Unions Launches Digital Campaign

‘Everyone Deserves Digital’  is being launched "because digital services are no longer a convenience - they’re a health necessity," executive director of the Worldwide Foundation said in a statement.

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Fintech Startup Robinhood Raises Fresh Funds at $8.3 Billion Valuation

Fintech startups have been attracting a flood of investments since last year and the pandemic is accelerating the trend as more customers look to pay without contact.

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Leading Microfinance and Impact Fund Managers Sign an MOUon Debt Refinancing Coordination Principles to Support the Sector During the COVID-19 Pandemic

BlueOrchard, Developing World Markets, Incofin, Microvest, Oikocredit, responsAbility, Triodos IM, Triple Jump and Symbiotics have signed a Memorandum of Understanding for coordination in response to COVID-19.

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Mastercard Builds on COVID-19 Response with Commitment to Connect 1 Billion People to the Digital Economy by 2025

Mastercard this week expanded its worldwide commitment to financial inclusion, pledging to bring a total of 1 billion people and 50 million micro and small businesses into the digital economy by 2025.

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Remittance Woes: Job Losses, Closed Borders Sap Nations of $660B

The amount of money migrant workers send to their home countries usually holds up well in a crisis. Not this time.

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Covid-19 to Wipe Out Equivalent of 195m Jobs, Says UN Agency

The disruption to the world’s economies caused by the Covid-19 pandemic is expected to wipe out 6.7% of working hours globally in the second quarter of this year – the equivalent of 195 million jobs worldwide, according to the UN’s labour body.