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Amid COVID Crisis, an Appeal to Facilitate Migrant Remittances
More than 200 million migrants across the globe send remittances to their home countries, many of them on the African continent, and that means some 800 million family members depend on them.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- migrants, remittances
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Financial Inclusion in the Wake of COVID-19
Lack of access to financial tools—like credit and savings accounts—inhibit socio-economic mobility for individuals living in poverty across the globe. For approximately the past 40 years, there has been a movement toward financial inclusion for emerging markets such as those found in sub-Saharan Africa, but the progress made thus far is now facing a grim outlook due to the global coronavirus pandemic. In this post, we will explore imminent threats posed to financial inclusion that are anticipated to trickle down as the effects of COVID-19 continue to be felt around the globe.
- Categories
- Coronavirus, Finance
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Fintech Funding in Asia Suffers Under Coronavirus Impact
A lack of mega funding rounds and India heavily scrutinizing inbound capital have made for a dramatic quarterly drop for fintech funding.
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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A New Test for Old Technology: How COVID-19 is Sparking Innovation in PayGo Financing for Biodigesters
Biodigesters transform animal manure into high-quality fertilizer and biogas, replacing the need for wood-burning cooking stoves – and PayGo financing enables smallholders to afford them. But as Laura Harwig at Feed the Future explains, COVID-19 has made it harder for farmers to make their payments. She explores how the biodigester company ATEC* has adapted its PayGo model to help farmers weather these challenges.
- Categories
- Agriculture, Coronavirus, Technology
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With $715B in AUM, Impact Investors Stay the Course, Despite the Pandemic
Amid a backdrop of a global pandemic and protests against brutal treatment of African Americans by police and systemic racism, the Global Impact Investing Network (GIIN) just produced its 10th annual survey of the market.
- Categories
- Coronavirus, Finance, Investing
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COVID-19 Has Squeezed Migrants’ Remittances to Their Families
A new report highlights the potential gains from digitisation
- Categories
- Coronavirus, Finance
- Tags
- migrants, remittances
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Viewpoint: Fintech a Game-Changer for Growth in Asia
Fintech is emerging as a driver of innovative financial solutions during COVID-19
- Categories
- Coronavirus, Finance, Technology
- Region
- Asia Pacific
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Facebook’s WhatsApp Brings Digital Payment to Users in Brazil
Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payments as they would a photo or video.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America