How AMIR Has Fostered Consumer Protection Practices Amidst COVID-19
In effort to safeguard employees and clients, the Association of Microfinance Institutions in Rwanda (AMIR) instituted various measures to raise awareness about the virus and control its spread in the industry.
Rwanda Waives Charges on Digital Payments
The National Bank of Rwanda has instructed mobile network operators to waive charges on all transfers with bank wallets, person-to-person and merchant fees on payments.
Brazil-Based Mobile Payments Platform RecargaPay Attracts $70 Million
RecargaPay is a mobile payments platform and wallet for Brazil that is focused on simplifying everyday payments for banked and unbanked consumers in Brazil.
IFC Mobilizes Four Banks to Finance Banco Daycoval and Support Female Entrepreneurship and Smaller Businesses in Brazil
By focusing on the SMEs segment, including women-owned businesses, IFC aims to help close the existing financing gap for these two segments.
COVID-19 Recovery Funds Benefit to 3,000 Businesses in Rwanda
The Executive Director of Association of Microfinance Institutions said that a total amount ranging between RWF 4 billion ($4M) and RWF 5 billion ($5M) has been channeled through microfinance institutions to help small businesses recover from COVID-19 effects.
IFC to Invest BRL 250 Million in Tradepay FIDC to Support Expansion of Retail MSMEs in Brazil, Drive Economic Growth
The investment will help promote greater market competitiveness by bolstering competition in the micro, small and medium enterprises (MSMEs) financing market through a capital market solution.
IFC and Banco BV Partner to Boost Climate-Smart Vehicles in Brazil
The project aims to widen access to finance for the purchase of these vehicles and help strengthen the country's climate finance market, mitigating climate impact and supporting economic recovery in the country.
IFC and Jive Partner to Support the Expansion of Credit Access for Small and Medium Enterprises in Brazil
The partnership aims to support the development of the distressed small and medium enterprises assets market in Brazil.
Brazil Central Bank Announces Tougher Rules for Fintechs
The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.
IFC and Santander Brasil to Expand Access to Finance for Smaller Healthcare Providers, Boosting Brazil’s Health System
The $150 million financing package will allow the bank to expand its financing to doctors and healthcare micro, small, and medium enterprises for working capital and purchase of medical equipment.