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Thailand's Fintech Comes of Age

Ongoing shifts toward e-commerce, digital payments (including contactless), and instant payments have all been significantly boosted during the pandemic with real-time payments surging by 104 percent.

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Cambodia: Financial Institutions Restructure $5.5 Billion in Loans

Loan restructuring applications peaked in April-May with the second wave of COVID-19, reaching about 20,000 applications per week, and are now down to about 2,000 per week.

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Final Report on SME Finance Loans for Growth Impact Showcases the Results of a Four-Year Collaboration Between Symbiotics, UBS and SECO

The fourth and final SME Finance Loans for Growth (LFG) impact report shows how SMEs in emerging and frontier markets benefit from access to finance, as well as how they were affected by the COVID-19 pandemic in 2020.

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Philippines: QR Code Transactions Near P1 Billion

The value of transactions using the QR (quick response) technology via the national QR code standard reached almost P1 billion as of end-May, as more Filipinos embrace digital channels amid the pandemic.

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responsAbility Launches Social Bond to Support Financial Inclusion and Health Post-COVID

The $177.5 million social bond will bundle loans to innovative companies in capital-scarce regions which operate in the financial inclusion, healthcare and WASH (water, sanitation, hygiene) sectors, and that have a measurable, positive social impact.

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EIB Backs Palestinian Startups With a $50 Million Line of Credit to Bank of Palestine

The European Investment Bank (EIB) extended a $50 million line of credit to Bank of Palestine to support the resilience of the Palestinian private sector through on-lending to local SMEs, as part of Team Europe’s overall response to the Covid-19 crisis.

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World Bank Approves $450 Million Loan to Help Morocco Improve Access to Financial Services

The financing is part of a program that supports policy measures to enable the rollout of the country’s social protection program, including the creation of digital IDs and cashless payments as part of cash transfer programs.