All News and Announcements
For Many Cambodians, Debt Repayment Bigger Threat Than COVID-19
Deep household debt might soon push Cambodia into a crisis as job losses caused by Covid-19 make it even harder for families repay loans, experts and debtors say.
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.
India: Bill Payments Drive Digital Payment Volume Recovery in First Half of May
A number of people who were earlier used to paying their utility bills in cash may have shifted to the digital channels during the lockdown, they added.
Bangladesh: Govt Cash Gift for Corona-Affected Family Disbursed Through Rupali Bank SureCash
The government is providing direct cash assistance to 5 million Corona-affected families.
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.
Yoma Strategic's Mobile Payments Joint Venture in Myanmar Ties up With Alipay Operator
The partnership will allow Wave Money to leverage Ant Group's experience in building mobile payment platforms to enhance its digital competence, capabilities, user experience and service offerings.
Mongolia: IFC and Financial Regulatory Commission Join Hands to Develop Green Finance and Improve Access to Funding for Small & Medium Enterprises
The initiative aims to develop green financing, as well as improving access to financial products and services for the country’s micro, small and medium enterprises.
Coronavirus: How Cash-Mad Philippines Learned to Love Digital Money Thanks to COVID-19
Online payments have been slow to take off in the Philippines, where cash has long been king.
Pakistan: FINCA Staff Donates PKR 2M to PM’s COVID-19 Relief Fund
The donation was a part of a local initiative in which FINCA employees contributed a day’s worth of salary towards COVID-19 relief in appreciation of the country’s need in this time of crisis.
Singapore Offers More Grants to Help Fintech Firms Ride out Pandemic
The SG$6 million ($3.44 million) grant can be used by local fintech companies to cover their daily working capital expenses and finance new product development work with financial institutions.