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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
- Categories
- Coronavirus, Finance
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Press Release: Asian Fintech Firm TrueMoney Partners With Thunes, a Global Cross-Border Payment Network, to Expand Its Global Remittance Services
The partnership will transform the way people pay, send, and receive money in SEA, enabling TrueMoney's 58 million users to receive remittances across 100 countries.
- Categories
- Finance, Technology
- Region
- South Asia
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Vodacom Partners with China’s Alipay to Create ‘Super App’ in South Africa
Vodacom Group plans to create a ‘super app’ in partnership with digital payment provider Alipay, part of China’s Alibaba group, to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Innovating on the Pay for Success Model: How ‘Social Derivatives’ Can Unlock Everyday Giving to Incentivize Greater Impact
Pay-for-success models have generated considerable excitement in the social finance sector. But according to Akhil Pawar and Geet Kalra at Yunus Social Business, the approach presents several challenges, mainly around the question of who will pay, and how to ensure an economical structure. They share a potential solution that leverages retail giving, substituting large donors with small ones by using "social derivatives."
- Categories
- Impact Assessment, Investing
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Press Release: Catalyst Fund Announces Seventh Cohort of Inclusive Fintech Startups
All startups in the latest cohort are addressing critical challenges in times of COVID-19, in emerging markets
- Categories
- Coronavirus, Entrepreneurship, Finance, Technology
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Cash Transfers in the U.S. are Exploding: Here’s How to Make them Effective, During COVID-19 and Beyond
The U.S., like over 130 countries around the world, has deployed direct cash transfers to mitigate the hardships of COVID-19. But as Sheida Isabel Elmi and Rachel Black at the Aspen Institute Financial Security Program point out, many U.S. households were financially insecure even before the pandemic began. They argue that cash transfers should be an ongoing response to these vulnerabilities, and share research on how to leverage these programs for the fullest benefit.
- Categories
- Coronavirus, Finance
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Designing for Women: How COVID-19 Could Allow Government Payment Programs to Boost Women’s Economic Empowerment
Governments around the world are deploying government-to-person programs to address the economic crisis caused by COVID-19. But as Amanda Schwartz at IDEO.org points out, unless these programs are designed around women’s unique needs, they could exacerbate gender inequality and financial exclusion. She explores how a gender inclusive approach could "make the single biggest push for women’s economic empowerment that the world has ever seen."
- Categories
- Coronavirus, Entrepreneurship, Finance
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Viewpoint: Yes, There Are Growth Investment Opportunities During Market Volatility
While equities, credit and interest rates race toward a recession, long-term investors have a compelling entry point into the businesses reshaping the global economy.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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