Three Years Later: Financial Services Spur Recovery Following Nepal’s Gorkha Earthquake
Study finds that access to formal savings and loans played a critical role in coping with disaster
What the Pandemic Taught Us About Savings
Muktinath Bikas Bank offers eight different savings products, specially designed for rural and low-income people in Nepal. The 2020 European Microfinance Award winner shares their experience with savings from before and during the pandemic.
Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances
Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.
Lift and Department of Social Welfare Announce $9 Million in COVID-19 Cash Support
Myanmar Ministry of Social Welfare, Relief and Resettlement, Department of Social Welfare and Livelihoods and Food Security Fund LIFT have announced funding of $9 million in COVID-19 cash support to mothers, pregnant women and social pension beneficiaries.
Myanmar Govt Extends Temporary Suspension of Microfinance Operations to May 15
The temporary suspension of microfinance activities aligns with government efforts to prevent the spread of COVID-19 through mass gatherings and close contact.
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.
Central Bank of Myanmar Issues Remittance Licenses to More Local Companies
City Express Myanmar and Money King were granted remittance licenses on 5 January.
Telenor to Divest Wave Money, Exit Myanmar Mobile Banking
The sale of the stake for $53 million in cash values Wave Money at $104 million and is set to be finalized in the coming days, according to people close to the deal.
A $45M Investment in Fiscal Year 2022 Boosts Goal to Reach Over 30,000 Small Businesses in Nepal
The investment in the nation's recovering financial sector is part of a wider SME strategy, which aims to help spur a greater range of financial products and services such as psychometric scoring solutions and payment systems reforms.
Thailand-Based Thitikorn Buying Microfinance Institution Myanmar Financial International Limited (MFIL)
Thai consumer finance firm Thitikorn recently secured agreement from the shareholders of Myanmar Financial International Limited (MFIL), a microfinance provider in Myanmar, to buy the company for no less than two times its audited book value.