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Report: Global Remittances Slowed in 2023, Seen Rising in 2024 — World Bank
Remittances remained a crucial source of external finance for developing countries in 2023, bolstering the current accounts of several countries grappling with food insecurity and debt issues.
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- Finance, Technology
- Region
- South Asia
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Malaysia’s Paywatch Secures $30 Million Funding From a Mix of Equity and Credit Facilities
This is the largest funding round closed by an Malaysia-based earned-wage access (EWA) player in Southeast Asia.
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- Finance, Technology
- Region
- South Asia
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IFC Invests $100 Million in CitySavings’ Social Bond in the Philippines
Proceeds from the social bond will be used for loans to women in low and lower-middle-income groups.
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- Investing
- Region
- South Asia
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India, Ghana Agree To Operationalise UPI Link Within 6 Months
The linking of Indian and Ghanaian instant payment systems will be the latest in India's expansion of UPI operations, which are already available in countries such as France, UAE, Sri Lanka and Mauritius.
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- Finance, Technology
- Region
- South Asia
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Press Release: Capria Ventures Closes India Opportunity Fund Post Successful Sale of Awign
Capria Ventures, a Global South specialist venture capital firm, announced the successful completion of fundraising for its India Opportunity Fund at INR 153 crore (~USD 19M).
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- Investing
- Region
- South Asia
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Microsoft Announces US $2.2 Billion Investment to Fuel Malaysia’s Cloud and AI Transformation
Today, Microsoft announced it will invest US$2.2 billion over the next four years to support Malaysia’s digital transformation – the single largest investment in its 32-year history in the country.
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- Investing, Technology
- Region
- South Asia
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Microsoft Announces US $1.7 Billion Investment to Advance Indonesia’s Cloud and AI Ambitions
Investment includes new cloud and AI infrastructure, major AI skilling initiatives, and support for Indonesia’s growing developer community.
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- Technology
- Region
- South Asia
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Press Release: Symbiotics Investments Supports Solar Energy Projects in Vietnam Through a Green Bond With Ecoligo
Ecoligo will use the proceeds of this green bond to invest in new and refinance operating solar projects.
- Categories
- Environment, Investing
- Region
- South Asia