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EIB Lends $3M to Microfund for Women (MFW) for Entrepreneurs in Jordan

These loans are intended to support 9,100 people, 90 percent of whom are women, whose livelihoods have been threatened by the effects of the COVID-19 pandemic.

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Discover the European Microfinance Week 2020 Conference Report

Delve into the extensive summaries plus full recording of the EMW2020 sessions covering key topics such as the impact of & response to COVID-19, effective & inclusive savings, digital finance, climate change, client protection and more.

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CBE-Hosted Fintech Innovation Sprint Launched to Address COVID-19 Challenges

The initiative comes as part of Egypt’s fintech and innovation strategy that aims to achieve the state’s goals in using technology, as well as promoting innovation and financial inclusion.

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Pandemic Gives Extra Momentum to Cashless Drive in Japan

With more people avoiding physical cash amid the COVID-19 pandemic, digital payments are becoming more popular in Japan.

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IFC Initiative to Help Financial Institutions Support Small Businesses Disrupted by Pandemic

The new Base of the Pyramid Program will provide up to $400 million to microfinance institutions, non-bank financial institutions, and banks that are focused on micro, small, and medium enterprises.

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Ethiopia Sees Jump in Mobile Payments Despite COVID-19

COVID-19 has created many disruptions in Ethiopia this year, impacting both merchants and consumers.

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China Mobile Payment Gains Fueled by Pandemic

The annual survey on mobile payments showed 98 percent of respondents indicated mobile was their most commonly used payment method, up 5 percentage points from 2019.

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IFC and PasarPolis Partner Amid Pandemic to Boost Microinsurance Safety Nets for Indonesia’s Most Vulnerable

Under an agreement, IFC will provide PasarPolis with $5 million in equity finance to develop infrastructure to connect insurers, digital platforms and customers unserved by the traditional insurance sector.

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Super Apps Rising: Mobile Drives Digital Payments Uptick in Pakistan

The pandemic and the rise of mobile infrastructure have set the stage to bring people living in developing and emerging economies into the digital realm.

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Digital Payments — Not Cash — Is Now King in Asia’s Payment Ecosystem

Notwithstanding border restrictions, the region’s digital payments ecosystem is growing as countries collaborate to connect their domestic payment systems.