TransUnion, Monevo and Incuto Collaborate on Credit Access for Community Banks
This joint initiative helps credit unions and community development finance institutions to offer their products to a wider audience, increasing competitiveness and promoting financial inclusion.
BABB Unveils Hybrid Accounts to Promote Financial Inclusion and Tackle Social Inequalities
Through its all-in-one app that provides access to financial services, BABB is harnessing the power of cutting-edge technology to streamline and simplify the process of peer-to-peer transactions across borders.
Britain Seeks to Boost Banking Services From Fintechs
Britain plans to set up a new body over the next two years to encourage more competition in banking services through the use of third-party apps from fintech firms.
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.
Central Bank of Myanmar Issues Remittance Licenses to More Local Companies
City Express Myanmar and Money King were granted remittance licenses on 5 January.
Bank-Genie Partners With Cufa to Roll-Out Digital Banking for Myanmar Credit Unions
The program will enable credit unions to facilitate loan origination, approvals, disbursements, and deposits digitally.
Microfinance Firms in Myanmar Struggle to Stay Afloat in Second Wave
Government travel restrictions and orders to defer repayments and lower interest rates on loans due to COVID-19 have reduced the ability of Myanmar’s microfinance companies to help rural people who desperately need capital.
COVID-19 Is Boosting Fintech and Mobile Money in Myanmar, but What’s Next?
Where does Myanmar’s fintech industry stand after its first decade?
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.