Showing 51 - 60 of 664
News

China Takes Steps to Become First Cashless Society After COVID-19

As contactless payments become the norm amid the worldwide pandemic response, China rolled out its digital currency this month in four cities, setting it up to become the world’s first cashless society.

News

FSD Zambia Launches COVID-19 Guidelines for Savings Groups

The Zambian Financial Sector Deepening (FSD Zambia) has produced guidelines for savings groups around the country to adopt during the COVID-19 pandemic.

News

Bangko Sentral ng Pilipinas Encourages Shift to E-payments Amid Quarantine

Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno championed the use of e-payments amid the Luzon-wide, enhanced community quarantine (ECQ) to minimize face-to-face transactions and prevent the spread of COVID-19.

News

World Bank Warns of Sharp Fall in Remittances

The World Bank projected global remittances to plunge almost 20 percent in 2020 due to issues related to the COVID-19.

News

Bangladesh: Expatriates Opt for bKash to Send Remittance Safely Amid COVID-19 Crisis

In this worldwide 'lockdown' situation enforced for preventing COVID-19, expatriate Bangladeshis are relying on online-to-wallet money transfer service to send remittance to their loved ones back home.

News

Fintech And Coronavirus: US Stimulus Payments Boosted Mobile Banking Registrations 200 Percent

Consumer use of mobile finance, banking and insurance apps jumped 71 percent in 2019. In 2020, however, they’ve gone from nice-to-have to essential.

News

Kenya: Banks, Mobile Money Agents Are Counting Losses

In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.

News

Facebook, Three Fintech Firms in Talks to Launch Mobile Payments Service in Indonesia

If approved by country’s financial regulator, it would be among the first such service under the social media giant’s Facebook Pay application.

News

Citi’s COVID-19 Community Relief Efforts Reach Over $65 Million Globally

These efforts are helping to deliver immediate relief to frontline workers and populations within communities most impacted, as well as supporting longer-term investments in programs focused on economic recovery and financial stability.

News

Contactless Payments Skyrocket Amid Coronavirus Worries Over Handling Cash

Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay.