IFC Provides $116.5 Million in Financing to BBVA Leasing to Support Small Businesses in Mexico
The transaction will help the company expand its product offerings to small and medium enterprises (SMEs) and is designed to support the economic recovery from the COVID-19 health crisis.
El Salvador Receives $173.3 Million Less in Remittances in the First Quarter of 2020
Family remittances received by El Salvador totaled $1,600.7 million in the period from January to April 2020, lower by $173.3 million compared to the same period of the previous year, with a reduction equivalent to -9.8 percent.
Mexicans in U.S. Sent Record Remittances Despite Covid-19 Pandemic
Unexpected surge in amounts forwarded home shows resilience in U.S. construction and agriculture.
New IFC Initiative Helps Banks in Mexico, Philippines, South Africa, Egypt Scale Climate Finance
The program is designed to increase climate lending by participating banks in Egypt, Mexico, the Philippines, and South Africa to 30 percent of their portfolios by 2030.
Bitcoin Is Part of the Pitch As El Salvador Courts IMF Deal
The cryptocurrency will lose its reputation as a speculative asset and prove its use as a legitimate payment system, central bank President Douglas Rodriguez said in an interview on Monday.
Whale Cloud and Ant Group Join Force With Toka Fintech to Expand Inclusive Financial Services
The partnership will help Toka Fintech, a Mexican-leading financial group, to develop its own digital payment app with Alipay+ Digital Wallet Solution, providing Mexicans with better access to inclusive financial services.
Mastercard Commits to Delivering Economic Empowerment Tools and Resources to More Than One Million Women in Guatemala, El Salvador and Honduras
The commitments are part of Mastercard’s engagement, as a founding member, in the Partnership for Central America.
Galileo Is Going in for the Mexican Fintech Market, Partnering With Klar
Galileo, like many financial businesses from abroad, sees potential in this country’s market.
Remittances to Mexico Hit Third Highest Level on Record in July
Remittances sent to Mexico, a major support for the Mexican economy and in particular for low-income families, continued its historic 2020 run and rose in July to the third highest level on record.
IFC Is Ready to Invest up to $2 Billion Pesos in ABL Trust Mexico to Promote SMEs Recovery
This investment is the first of five proposed commitments to ABL Trust Mexico that could reach a total of $2 billion pesos in the next three to five years.