All News and Announcements
HNB Records Growth in Digital Remittances During COVID Lockdown
Sri Lanka’s HNB has reported a smooth transition to contactless remittance transactions parallel to rising demand for digital remittances and cardless withdrawals during the coronavirus lockdown.
India: Digital Payments Bounce Back to Pre-COVID Levels
Digital payment transactions through the Unified Payment Interface (UPI), cards and mobile wallets have made a near V-shaped recovery this month.
Pakistan: Can Microfinance Survive COVID?
Even before coronavirus came, Pakistan’s microfinance sector was sniffling.
Supporting Nepal’s Migrants, as Overseas Work Dries Up
Since the economic slowdown resulting from the COVID-19 pandemic, work for many of them has dried up. The UN is supporting efforts to manage the large-scale influx of returnee workers.
South Asia Faces a Remittances Crisis Amid COVID-19 Pandemic
Coronavirus lockdowns cost millions of migrant workers their jobs, halting billions in remittances they sent home.
RBI Asks Payment Systems Operators to Educate Public on Safe Digital Transactions
The Reserve Bank of India (RBI) on Monday directed payment systems operators to undertake targeted multi-lingual campaigns by way of SMSs and advertisements to educate their users on safe and secure use of digital payments amid incidence of frauds continuing to bedevil people.
Eko India Offers Banking Services to Migrants in Telangana
Eko's network of over 200,000 entrepreneurs, retailers, and individuals, across 200 cities in India has been instrumental in bringing about this ease to the lives of migrants.
India: Crisis to Boost Mobile Payments, Says Report
Mobile-based payments will be resilient and overtake card payments in India, with the covid-19-induced economic slowdown likely to put a pause on the rapid rise of cashless payments in 2020.
Khushhali Microfinance Bank Limited Donates PKR 1 Million to PM’S COVID Relief Fund
Khushhali Microfinance Bank has contributed PKR 1 million (about $6,067.04) to the Fund to support the government in the fight against COVID-19.
Nepal: Strategies for Post-COVID-19 Recovery Amidst Falling Remittances
Nepal, where remittance contribution to GDP in 2019 was equivalent to 27.3 percent, according to the World Bank, has lost nearly 50 percent of remittances in the past two months compared to the same period last year.