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How Fintech Khalti Is Empowering Women in Nepal
Khalti means “pocket” in Nepali, and it also refers to the popular e-wallet, mobile payment gateway, and digital service provider in the former kingdom of Nepal.
- Categories
- Technology
- Region
- Asia Pacific
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Indian Fintech Helps Millenials With Managing Credit Scores, Acquires $6 Million in Capital
Slice, a Fintech company that provides various card-based products to young people in India to help manage their credit scores, has secured $6 million in capital via a round led by Japanese venture capital firm, Gunosy.
- Categories
- Finance, Investing, Technology
- Region
- Asia Pacific
- Tags
- credit scoring, fintech
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Press Release: Convergence Awards Allotrope Partners Feasibility Grant Through Indo-Pacific Design Funding Window
With funding from the Australian Government, Convergence is pleased to announce it has awarded a feasibility study grant to Allotrope Partners (Allotrope) through the Indo-Pacific Design Funding Window, supporting the development of an innovative blended finance vehicle targeting Sustainable Development Goal 7–Affordable and Clean Energy in the Philippines.
- Categories
- Energy, Impact Assessment
- Region
- Asia Pacific
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Bandhan Bank, Small Finance Banks in India Emerge as Job Creators Amid Coronavirus Pandemic
These lenders are in the process of raising staff strength by 5-10% in the next three-four months, although several others in the sector might be more circumspect. The new workforce will largely be deployed for client servicing and to boost repayment, people familiar with the matter said.
- Categories
- Coronavirus
- Region
- Asia Pacific
- Tags
- microfinance
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COVID-19 Pushes Rural Myanmar Towards Moneylenders
Desperate for cash and low on work, rural households are turning to high-interest loans from informal moneylenders as microfinance companies are forced to cut back on credit.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Press Release: BRAC Receives $60 Million as 2020 Audacious Project to Lift 21 Million People From Extreme Poverty by 2026
Over the next six years, BRAC's Ultra-Poor Graduation Initiative will work with governments in countries with the greatest potential to scale BRAC's Graduation approach to help millions more people to lift themselves from extreme poverty.
- Categories
- Coronavirus, Education, Finance, Health Care, Investing, Uncategorized
- Region
- Asia Pacific
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Rural Fintech Startup Jai Kisan Raises USD$3.9 million From Nabard-Back Fund, Others
Jai Kisan, a Mumbai-based fintech platform, on Tuesday said it has raised Rs 30 crore funding from Arkam Ventures with participation of a fund backed by NABARD.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, rural development, startups
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Bangladesh Faces a Crisis in Remittances Amid COVID-19
The economic importance of the more than 10 million migrants from Bangladesh who sent close to $18 billion in 2019 cannot be overstated. International remittances normally represent around 7% of Bangladesh’s GDP. But the COVID-19 pandemic is having an acute effect on Bangladeshi migrants abroad, who are largely concentrated in countries with strict lockdown measures. Considering the large volume of Bangladeshi migrants in the Middle East, secondary economic impacts through depressed demand and falling oil prices will also likely add strain to the flow of remittances.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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