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SANAD and Vitas Eexpand Access to Finance for MSEs and Low-Income Households in the West Bank and Gaza

This was a top-up loan of $4 million to support microfinance sector during challenging environment brought about by COVID-19 crisis.

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Mastercard Enables Faster Remittances During Pandemic

With Mastercard Cross-Border Services, financial service providers can seamlessly process digital payments leveraging its global network through a single connection, the company said.

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Remittances Dropped by 80 Percent in Yemen

Cash transfers from Yemenis abroad to their country have declined by 80 percent in the first four months of 2020, Oxfam announced on Thursday.

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SANAD and Export Development Bank of Egypt Strengthen Partnership to Support SMEs, Agricultural Exporters, and Microfinance Institutions in Egypt

The aim of this partnership is to channel much-needed financing to agricultural and small and medium-sized exporters as well as microfinance institutions in Egypt in response to the economic difficulties brought about by COVID-19. 

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Remittances to Yemen Plummet as Needs Surge Amid War and Coronavirus

The World Bank estimates that one in ten people in Yemen wholly rely on money transfers to meet their basic needs. Remittances to Yemen in 2019 totaled $3.8 billion - 13% of GDP.

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Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa: Report

According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019.

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Agent Home Delivery Service Enables Money Transfer Services During COVID-19 Movement Restrictions

Western Union today announced that select agents in Jordan will provide home delivery service for Western Union money transfers across the nation.

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Microloans, Seen as Salvation for Poor Women, Trap Many in Debt

Five years ago, Amira Hawamdeh took out a loan for $423 to buy buttons and yarn to make purses and sweaters, and winter blankets to sell to her neighbors.

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Tunisia Puts First Woman Doctor, Tewhida ben Sheikh, on New Banknotes

Tunisia’s apex bank, Central Bank of Tunisia last Thursday, March 26, unveiled new banknotes honouring a female history maker in the country’s medical history.