Advancing the Modernization and Integration of Payment Systems in the Western Balkans
With support from the World Bank, the Western Balkan economies are making significant progress in aligning their national payment systems with EU standards as part of their accession goals.
EBRD Loans $4.4 M to KEP Trust for MSMEs in Kosovo with Focus on Rural, Women-led MSMEs
KEP Trust plans to on-lend the proceeds of the senior, unsecured loan to micro-, small and medium-sized enterprises (MSMEs).
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.
IFC and Ministry of Justice Join Hands to Improve Insolvency Laws in Kosovo, Boost Lending
The initiative, known as the Debt Resolution Project, is expected to create a safety net for businesses and investors, improving access to credit, especially for small and medium enterprises.
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.
IFC and TEB Expand Partnership to Support Kosovo’s Women-Owned and Agribusiness SMEs
The facility has been provided under IFC’s Small Loan Guarantee Program (SLGP), a programmatic approach to risk-sharing that aims to strengthen the capacity of financial institutions to finance SMEs in low-income countries.
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?