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El Salvador Becomes First Country to Adopt Bitcoin as Legal Tender After Passing Law
Lawmakers in the Central American country’s Congress voted by a “supermajority” in favor of the Bitcoin Law, receiving 62 out of 84 of the legislature’s vote.
- Categories
- Finance, Technology
- Region
- Latin America
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10 Financial Literacy Solutions Receive Grants, Support From Nationwide Innovation Challenge
Ten financial literacy innovations were awarded grants and support from PhilDev Foundation and Cebuana Lhuillier Foundation, Inc. (CLFI) to boost financial literacy in underserved communities in the Philippines.
- Categories
- Finance
- Region
- South Asia
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Desperate Times, Desperate Measures: A Microfinance Network Responds to the Devastating Reality of COVID-19 in India
The COVID-19 pandemic is taking a disastrous toll in India, with over 27 million confirmed cases and 311,000 reported deaths. In the face of this emergency, Opportunity International is leveraging its network of microfinance partners to provide crucial assistance to hard-hit communities. CEO Atul Tandon explains how the organization is working with microfinance providers to convert their offices into emergency response and triage centers, while educating clients about pandemic-related health risks and providing them with food and supplies.
- Categories
- Coronavirus, Finance, Health Care
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Press Release: DFC and FMO Launch $75 Million Co-Financing Facility to Boost COVID-19 Response in Developing Countries
Collaboration will bring much-needed liquidity to businesses in developing countries impacted by the pandemic
- Categories
- Coronavirus, Finance, Health Care
- Region
- Global
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Indonesia’s Internet Start-Ups Gojek and Tokopedia Announce Merger
Indonesia ride-hailing and payments firm Gojek on Monday announced its merger with e-commerce player Tokopedia to form the GoTo Group.
- Categories
- Finance, Technology
- Region
- South Asia
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Nigeria-Based Lending Platform FairMoney Pursuing Emerging Markets Strategy With India Launch
Nigeria-based credit-led neobank FairMoney, which aims to give underbanked people access to digital financial services, is pursuing an emerging markets strategy and recently launched in India.
- Categories
- Finance
- Region
- Asia Pacific
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New Alliance Between Itaú and Rappi Will Bring Greater Financial Inclusion to Chile
This agreement aims to revolutionize the local financial market with simple, innovative and unique digital products, allowing an increasing number of individuals to access new financial solutions in an agile and digital way.
- Categories
- Finance
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Svasti Microfinance Raises $4.2 Million
Svasti Microfinance Private Limited (Svasti), an RBI Licensed MFI, has raised a total of INR 310 million from its existing investors Adar Poonawalla, Nordic Microfinance Initiative (NMI) and Rajiv Dadlani Group.
- Categories
- Finance
- Region
- Asia Pacific
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