Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay.
Consumer use of mobile finance, banking and insurance apps jumped 71 percent in 2019. In 2020, however, they’ve gone from nice-to-have to essential.
Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19
Grameen America announced the launch of Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs.
More U.S. banks and credit unions will be allowed to estimate the international remittance fees they charge consumers in instances when it may be too expensive to provide exact figures under a new rule issued on Monday.re
EFSE partners to provide agricultural businesses with much-needed liquidity in local currency to combat economic effects of coronavirus crisis.
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
FINCA Malawi Receives Initial Disbursement of a $1.5 Million Loan Facility From the Belgian Investment Company for Developing Countries
Through a network of 23 branches and 63 active agents across the country, FINCA Malawi serves more than 70,000 clients offering individual and group loans, savings and insurance products specifically designed for low-income entrepreneurs.
IFC and Switzerland Partner to Help Develop Agricultural Capital Markets in Ukraine, Benefiting Small Farmers
Small farmers will have improved access to finance given a new endeavor that aims to boost capital markets development in Ukraine, enabling refinancing opportunities for creditors in agriculture.