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Indians’ Access to Mobile Money Jumps 17-Fold in Four Years: IMF

IMF’s financial access survey for 2020 said the number of registered mobile money accounts per thousand adults jumped from 73 in 2015 to 1,265 in 2019.

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Users Can Now Send Money Through WhatsApp in India’s Massive Digital Payments Market

Facebook-owned messaging service WhatsApp will let users in India send money through the app starting Friday provided that they have a bank account and debit card in India.

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Singapore’s Buy Now Pay Later Firm Hoolah to Expand Operations Into Asian Markets

hoolah, a two-year-old Fintech startup offering Buy Now, Pay Later (BNPL) payment solutions, confirmed that it is moving forward with its plans to expand into Asian markets.

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The Pandemic Is Spurring Fintech Regulation Across the Globe

Fintechs that adequately handle this increasing regulatory oversight will demonstrate their maturity.

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COVID-19: Remittance Flows to Shrink 14 Percent by 2021

Remittance flows to low and middle-income countries are projected to fall by 7 percent, to $508 billion in 2020, followed by a further decline of 7.5 percent, to $470 billion in 2021.

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EFSE and BasisBank to Provide Crucial Financing to Georgia’s Small Businesses

EUR 4.2 million to help sustain micro and small enterprises during difficult environment of COVID-19 crisis.

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Private Asset Impact Fund Ecosystem Worth Over $30 Billion

Symbiotics publishes its inaugural global impact fund survey, merging its historical microfinance investment vehicle survey, started with the CGAP in 2007, and its private debt impact fund survey, started with the Global Impact Investing Network in 2018.

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COVID Crisis Highlights Urgent Need for Inclusive Insurance

The pandemic highlights the crucial role of insurance as a safety net when people lose their jobs or are unable to get to work, when bread-winners get sick or die, or when small businesses are forced to shut.

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Digitalizing the Route of Remittances Will Help Africa’s Recovery

Within the continent’s gloomy pandemic narrative, the formidable resilience of remittance flows into African markets is a shining light.

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The Winners of the 2020 Fintech and Regtech Global Awards

Central banks and their partners have innovated across machine learning, cloud services, payments and more.